Fidelity has filed three U.S. trademark applications to provide services in the metaverse and other virtual worlds in its latest step into the realm of digital assets. The firm wants to provide...
Tag: The Block
BitKeep crypto wallets hacked after thieves create ‘unofficial’ Android app
BitKeep user wallets have been hacked and funds stolen. The theft appears to have occurred on unofficial APK package downloads that were hijacked and installed with code implanted by hackers. So...
2022 was an epic year for crypto and blockchain pros. Here’s the year in 11 charts
Here are some of the most significant events of 2022 told through charts. Bitcoin crashed around 65% year-to-date, dropping to $16,800 from $47,000 at the top of the year. As cryptocurrencies e...
Bahamas government says Bankman-Fried will depart Wednesday
Sam Bankman-Fried, the former CEO of the collapsed FTX crypto exchange, will depart the Bahamas on Wednesday evening to be extradited to the U.S., the Office of the Attorney General said in an emailed...
Coinbase approved as Virtual Asset Service Provider by Irish central bank
Coinbase was granted approval by the Central Bank of Ireland to operate as a Virtual Asset Service Provider (VASP). The registration means the company can continue to provide products and servic...
Bitcoin, crypto prices little changed as Coinbase, Block trade higher pre-market
Crypto prices were little changed over the past day while Coinbase and Block shares traded higher in pre-market hours. Bitcoin was trading at around $16,800 at 9 a.m. EST, up 0.2% over the past...
The Block: 2023 Digital Assets Outlook
Quick Take 2023 Digital Asset Outlook report focuses on 2022 key developments from 10 sectors in the cryptocurrency industry and trends to look out for in 2023 Download your free copy to...
Besting Trump, NBA legend Scottie Pippen’s NFT drop sells out in record 77 seconds
NBA Hall of Famer Scottie Pippen’s NFT collection has broken the OpenSeas sales record previously set by actor Anthony Hopkins, after his digital-asset collection sold out in less than one-and-a-half ...
Coinbase, Binance enjoy market share gains after FTX demise
The Block tracks spot market share for cryptocurrency exchanges with fiat support. Only the largest exchanges with trustworthy reporting of exchange volume metrics are included. Binance’s market...
Alameda gave $400 million to startup in same condo as SBF: CoinDesk
Modulo Capital, a relatively unknown firm that appears to have a lot in common with Sam Bankman-Fried and Caroline Ellison, received a $400 million loan from Bankman-Fried’s investment firm, Ala...
Incoming House chairman wants regulators to form offices of innovation
The incoming chair of the House Financial Services Committee wants regulators to “to modernize and streamline how innovators interact with regulators,” and grant offices of innovation the ...
Bitcoin, ether lower; Binance’s BNB up after deal to acquire Voyager assets
Crypto prices started off the week mixed, with bitcoin and ether down less than 1% and fluctuating around $16,600 and $1,170, respectively. Traditional markets were also slightly lower, with the...
Bitcoin mining jumps 3.27% after substantial dip. What does luck have to do with it?
Bitcoin mining difficulty in October had its highest spike since last summer, when China cracked down on the industry and forced mining firms to flee to other countries. Meanwhile, its lowest ebb sinc...
The Block: US prosecutors probing Bankman-Fried’s political donations: NY Times
U.S. federal prosecutors are seeking more information about political donations made to Democrat and Republican lawmakers by former FTX CEO Sam Bankman-Fried and two executives he worked with, accordi...
Sam Bankman-Fried won’t fight U.S. extradition: Reuters
Sam Bankman-Fried, the founder and former CEO of FTX, is expected to tell a court in the Bahamas on Monday he will no longer contest extradition to the United States, where he is facing criminal fraud...
Binance’s BNB, other altcoins hit hard after a humdinger of a week
Altcoins are sliding after a whirlwind week featuring a CEO in handcuffs, a central bank likely to keep hiking rates for the foreseeable future and an accounting firm that’s given up on crypto f...
Bitvavo unable to access 280 million euros held at DCG
Dutch cryptocurrency exchange Bitvavo said it can’t access 280 million euros ($297 million) held at Digital Currency Group, according to a company blog post.Bitvavo also said the U.S.-based Digital Cu...
FTX, Bahamas liquidators remain at loggerheads over system access
FTX, the Bahamas government, and lawyers hired to liquidate the failed crypto empire’s Bahamian operations remain at loggerheads over granting access to FTX’s Bahamian computers to review what assets ...
First Hong Kong bitcoin, ether ETFs lure nearly $75 million with trading set to begin Friday
CSOP Asset Management, a China Southern Asset Management subsidiary, will list the first bitcoin and ether ETFs on the Hong Kong Stock Exchange on Friday. CSOP Bitcoin Futures ETF and CSOP Ethe...
Binance’s Zhao defends exchange during CNBC grilling
Binance CEO Changpeng Zhao was grilled by CNBC reporters regarding hiccups with withdrawals from the exchange this week and the firm’s solvency. Binance earlier this week temporarily pause...
Legal fight escalates around ‘collusion’ between Bankman-Fried and Bahamian government
A federal bankruptcy judge will hear evidence about the potentially criminal movement of assets out of FTX and its affiliated companies, in what is the latest escalation of a heated legal struggle bet...
Warren, Marshall introduce bill to tighten money laundering rules for crypto
Sens. Elizabeth Warren, D-Mass., and Roger Marshall, R-Kan., introduced legislation to tighten U.S. anti-money laundering rules to digital assets. The bill would expand know-your-customer rules ...