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FTC data shows that 49% of cryptocurrency fraud reports specified scams originated on social media from Jan. 1, 2021 through March 31, 2022, costing consumers about $417 million.

The post Zuckerberg asked by senators what he is doing to fight crypto scams on social media appeared first on The Block.

Bolt backs off its $1.5 billion deal to buy Wyre.

The post Bolt backs off $1.5 billion Wyre deal: Axios appeared first on The Block.

A new filing shows MicroStrategy could sell up to $500 million in class A common stock to buy more bitcoin.

The post MicroStrategy could raise up to $500 million to buy bitcoin appeared first on The Block.

Amber Group adjusts headcount based on market conditions to focus on higher-priority roles.

The post Amber Group cuts staff by 10%: Bloomberg appeared first on The Block.

Quick Take

• The Ethereum network is just days away from the merge, where it will finally transition from proof-of-work (PoW) to proof-of-stake (PoS) consensus after years of delay
• The upgrade includes major changes to Ethereum’s monetary policy that are expected to bring network issuance closer than ever before to becoming net deflationary
• In part one of this two part series, we will look at some of the key moments that brought the network to this critical moment, as well as the projected impact of the new issuance scheme 

Here’s how crypto mining companies performed on Friday, Sept. 9.

The post Bitcoin mining stock report: Friday, September 9 appeared first on The Block.

While it’s unclear what caused LUNA’s spike, a researcher at The Block suggests that ATOM’s pump earlier Friday morning could be connected.

The post LUNA’s price more than triples, pushing market cap near $1 billion  appeared first on The Block.

Community Labs, a software development company and venture studio, announced a $30 million strategic investment round led by Lightspeed Ventures.

The post Community Labs raises $30 million strategic funding round appeared first on The Block.

A former Microsoft executive will join JPMorgan as a senior payments executive in the bank’s payments group, CoinDesk reported. Tahreem Kampton will focus on the future of payments, including the digital ecosystem and blockchain technology. JPMorgan did not immediately respond to a request for comment.  The move comes months after JPMorgan announced a major investment […]

The post JPMorgan hires former Microsoft exec for payments and blockchain role: CoinDesk  appeared first on The Block.

Bloccelerate aims to raise $100 million for its new investment fund, the venture capital firm said in a new filing with the Securities and Exchange Commission. The Seattle-based VC raised $20 million for the new fund as of Aug. 25, according to the filing. It’s the latest in a string of venture capital fundraising and […]

The post VC firm Bloccelerate aims to raise $100 million for new fund appeared first on The Block.