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Infura to launch open source decentralized protocol for Web3 APIs

Infura to launch open source decentralized protocol for Web3 APIs

Infura will develop its decentralized infrastructure while continuing parallel development on its centralized products that use ConsenSys.

The post Infura to launch open source decentralized protocol for Web3 APIs appeared first on The Block.

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Amazon among five companies to develop digital euro prototype for the ECB

The European Central Bank reveals five selected partners to design the digital euro prototype.

The post Amazon among five companies to develop digital euro prototype for the ECB appeared first on The Block.

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Grayscale files for rights to ETHPoW tokens after The Merge

Grayscale Investments has the rights to Ethereum Proof of Work tokens as a result of The Merge, and may or may not distribute them to holders in the form of a cash disbursal, the asset manager said in a Securities and Exchange Commission filing on Friday. ETHPoW, a fork of the proof of work Ethereum […]

The post Grayscale files for rights to ETHPoW tokens after The Merge appeared first on The Block.

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Celsius asks bankruptcy court for permission to sell stablecoin holdings

Bankrupt crypto lender Celsius sought permission in a late Thursday court filing to sell its stablecoin holdings.

The post Celsius asks bankruptcy court for permission to sell stablecoin holdings appeared first on The Block.

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On-chain Trends 24 Hours After The Merge

Quick Take

  • The hashrates of multiple proof-of-work networks such as Ethereum Classic surged to record levels on the day of The Merge.
  • Ether borrow rates have returned to normal levels as speculators unwound their positions.
  • Total ether supply increased due to low network activities despite a 90% reduction in issuance.

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Web3 compliance company Satschel raises $5.2 million, partners with Assure

Web3 compliance company Satschel raises $5.2 million just days after the announcement of a partnership with fintech company Assure.

The post Web3 compliance company Satschel raises $5.2 million, partners with Assure appeared first on The Block.

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ETHPoW (ETHW) plunges over 60% a day after mainnet launch

ETHPoW has had a tumultuous time in trading since miners forked from the proof-of-work Ethereum chain.

The post ETHPoW (ETHW) plunges over 60% a day after mainnet launch appeared first on The Block.

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Fintech unicorn TrueLayer announces plans to cut headcount by 10%

Open banking provider and fintech unicorn TrueLayer announced its plans to cut headcount by 10%. The company raised $130 million last year.

The post Fintech unicorn TrueLayer announces plans to cut headcount by 10% appeared first on The Block.

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Biden administration takes a step closer towards a digital dollar

Federal regulators will meet regularly to support the Fed’s research into a possible digital dollar launch.  

The post Biden administration takes a step closer towards a digital dollar appeared first on The Block.

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FSOC to report on regulatory gaps around digital assets next month

FSOC will publish a report next month on regulatory gaps around cryptocurrency, and ways to plug them, to cap off a Biden directive around developing a unified federal approach for digital assets.

The post FSOC to report on regulatory gaps around digital assets next month appeared first on The Block.

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