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The FTX digital asset exchange website glitched Tuesday, temporarily preventing some users from account access. The site outage coincided with the release of the U.S. consumer price index (CPI) report around 12:30 UTC, according to some users who expressed frustration on Twitter. One noted FTX often freezes during times of high traffic. FTX CEO and […]

The post SBF apologizes for FTX glitches amid high volatility appeared first on The Block.

Celsius CEO Alex Mashinsky is pushing for a revival of the firm around custodial services, according to a report from the New York Times.

The post Celsius CEO Mashinsky held revival plan meeting: The New York Times appeared first on The Block.

Digital payments platform Checkout.com will lay off 5 percent of employees, after being valued at $40 billion in January.

The post Checkout.com to lay off 5% of workforce: Bloomberg appeared first on The Block.

Bitcoin plummets below $21,000, ether losses ground ahead of The Merge and traders are increasingly expecting a harsh response from the Fed next week.

The post Bitcoin drops below $21,000, ether under $1,600 following hot U.S. inflation appeared first on The Block.

The new guidance responds to a number of questions that have been racking the crypto world for the past month. 

The post Treasury says sanctions on Tornado Cash don’t stop people from sharing code appeared first on The Block.

Quick Take

• DeFiChain is a Bitcoin sidechain that uses a Proof-of-Stake (PoS) consensus model while incorporating certain Proof-of-Work (PoW) elements
• DeFiChain has over 11,000 masternodes, a good indicator of decentralization, though not all of them are operated by unique individuals
• DeFiChain has non-Turing complete smart contracts which have been used to program an automated market maker and loan vaults for borrowing
• Despite the robust development of DeFiChain features, there have been significant challenges to overcome, such as the constant de-pegging of DeFiChain’s native stablecoin, DUSD

Binance’s U.S. subsidiary launches its own market maker program to reward users with incremental rebates in its latest market play.

The post Binance.US launches rebate and rewards program to boost liquidity appeared first on The Block.

Poolin intends for the IOUs to mitigate the impact of last week’s freeze on withdrawals amid the miner’s liquidity crisis.

The post Crypto miner Poolin issues ‘IOUs’ after freezing withdrawals  appeared first on The Block.

Charles Schwab, Citadel Securities and Fidelity Digital Assets announced the launch of a digital asset exchange, EDX Markets.  Paradigm, Sequoia Capital and Virtu Financial are also part of the consortium, with additional market participants expected to partner with EDXM over time, the group said. EDX Markets “will address latent demand for digital asset trading by […]

The post Charles Schwab, Citadel, Fidelity Digital launch digital asset exchange appeared first on The Block.

The Ethereum community is worried that The Merge could lead to censorship on its base layer — and want to fight against it.

The post Ethereum is grappling with the risk of censorship after The Merge  appeared first on The Block.