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Nilos raises $5.2 million to build a crypto treasury platform for businesses

Nilos raises $5.2 million to build a crypto treasury platform for businesses

Nilos raised $5.2 million in a round co-led by Fabric Ventures and Viola Ventures. 

The post Nilos raises $5.2 million to build a crypto treasury platform for businesses appeared first on The Block.

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MoonPay, Universal create an in-person NFT-based scavenger hunt with more than 6 million tokens 

MoonPay will use its utility minting service Hypermint to create up to 7 million NFTs for a scavenger hunt at Universal Studios Theme Parks. 

The post MoonPay, Universal create an in-person NFT-based scavenger hunt with more than 6 million tokens  appeared first on The Block.

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Court orders Brazil’s ‘bitcoin pharaoh’ to deposit $3.7 billion to pay back creditors: O Globo

A court ordered Brazil’s so-called “Bitcoin Pharaoh” Glaidson Acácio dos Santos to cough up 19 billion Brazilian reais (nearly $3.7 billion) in 72 hours.

The post Court orders Brazil’s ‘bitcoin pharaoh’ to deposit $3.7 billion to pay back creditors: O Globo appeared first on The Block.

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Analysis of Alameda Research’s $200mm Loan Repayment to Voyager Digital

Quick Take

  • Alameda to return ~$200mm of BTC and ETH to Voyager Digital 
  • Repayment must be completed by September 30, 2022 per filings
  • Failure to repay by 5:00 PM EST on September 30, 2022 will subject Alameda to daily penalty fees 
  • For additional coverage of Voyager Digital’s Chapter 11 proceedings[1][2][3]
  • Lender and debtor wallet addresses to remain redacted and confidential 
  • Disclaimer: This is a market commentary research piece and includes opinionated views from our research team. Nothing contained in this piece constitutes a solicitation, recommendation, endorsement, or offer by The Block Research

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Crypto.com invests in web3 back-office platform Headquarters’ $5 million raise

Web3 back office platform Headquarters has raised $5 million in a round co-led by Crypto.com Capital, Mass Mutual Ventures and Forge Ventures.

The post Crypto.com invests in web3 back-office platform Headquarters’ $5 million raise appeared first on The Block.

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Arbitrum announces 400 ETH bug bounty payout

Arbitrum has paid a code bounty hunter 400 ETH for finding a bridge vulnerability.

The post Arbitrum announces 400 ETH bug bounty payout appeared first on The Block.

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Draft stablecoin bill in Congress to require Fed, state regulator approval

Draft legislation to create a U.S. federal framework around stablecoins would temporarily ban the types of payment coins that are not backed by outside assets, similar to the now-defunct UST.

The post Draft stablecoin bill in Congress to require Fed, state regulator approval appeared first on The Block.

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Wintermute CEO Gaevoy updates on hack, says firm will continue on-chain trading

Wintermute CEO Evengy Gaevoy provided an update on the exploit it suffered this morning.

The post Wintermute CEO Gaevoy updates on hack, says firm will continue on-chain trading appeared first on The Block.

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Binance and FTX lead Voyager auction: WSJ

The WSJ reports that crypto exchanges FTX and Binance are leading the auction for embattled crypto-lender Voyager.

The post Binance and FTX lead Voyager auction: WSJ appeared first on The Block.

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Senior Republican: Stablecoins bill will have multiple authors

Rep. Patrick McHenry (R-N.C.) managed expectations on future stablecoins legislation by telling an audience in Washington that whatever becomes law will need ownership from multiple policymakers, even if control of the House of Representatives flips and McHenry becomes chair of the House Financial Services Committee.  “Whether it goes down now or later, we’re still going […]

The post Senior Republican: Stablecoins bill will have multiple authors appeared first on The Block.

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