Bitcoin jumped above $28,800 earlier Thursday before retreating. Ether rose above $1,850, its highest level since August.
FTX Ventures invested $101 million in Mysten Labs just months before Sam Bankman-Fried’s empire collapsed. Now, Mysten is buying back the stake (and Sui token warrants) for $96 million through bankruptcy court.
Bitcoin mining stocks were higher on Thursday.
The post Bitcoin mining report: March 23 appeared first on The Block.
Should the government agency follow through with its Wells notice, the outcome could lead to more rules of the road for crypto, Brett Quick, head of government affairs at the global alliance firm, said.
When the new boss of FTX, John J. Ray III, told The Wall Street Journal in January that he was thinking of rebooting the disgraced cryptocurrency exchange, the comment made a splash in the industry. But interviews with major trading firms who once did business at FTX raise questions about whether there’s really anything worth bringing back, possibly explaining why no public progress has been made since Ray’s ear-catching comments two months ago.
Virtual land trading spiked this past quarter with 147,000 trades generating $311 million in trading volume, according to a new report.
Quasar is optimized for managing DeFi investments across multiple blockchains.
By taking aim at high-profile targets including Coinbase, Justin Sun and Lindsey Lohan, the SEC showed it doesn’t have the resources to effectively police the crypto industry.
The SEC investigation may have surprised Coinbase, particularly the fact that it might extend beyond its staking service into whether or not any of the assets it lists qualify as securities.
The post Coinbase could see revenue hit if SEC forces asset delistings, analysts say appeared first on The Block.
The decision follows a turbulent period during which USDC temporarily lost its dollar peg when key banking partner SVB collapsed.
