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Puma joins adidas originals as one of the newest sportswear brand to launch digital collectibles, which are apart of New York Fashion Week.

The post Puma launches metaverse Black Station to show off its new sneaker NFT collection appeared first on The Block.

The federal judge presiding over the Tether class action has set a hearing to discuss requests made by parties involved to remove embattled law firm Roche Freedman from the case.

The post Tether lawsuit judge sets hearing to discuss Roche Freedman concerns appeared first on The Block.

Bessemer Venture Partners has unveiled a new investment fund worth $3.85 billion for early stage investments. The fund, the firm’s twelfth, will cut across a broad array of industries, including fintech. “This new fund allows us to continue backing entrepreneurs at scale, bolstering our established focus on early-stage investments,” the company said. The news comes […]

The post Bessemer Venture unveils $3.85 billion early-stage fund appeared first on The Block.

Quick take

• Ethereum’s transition to proof-of-stake consensus (“The Merge”) is slated to take place next week. 
• While there aren’t many new user-facing changes, The Merge represents a significant milestone for the protocol. 
• Clarity on the pace of further protocol changes and the next milestones in the scalability roadmap is likely to improve and will be explored here.

True Names Ltd, the company behind Ethereum Name Service (ENS), has filed a suit against GoDaddy, and others in relation to the sale of a web domain called eth.link.

The post Company behind Ethereum Name Service files lawsuit over domain sale appeared first on The Block.

The firm collaborated with US law enforcement to track where the North Korea-linked hackers laundered the funds. 

The post Chainalysis and US law enforcement recover $30 million from North Korea-linked Ronin exploit appeared first on The Block.

A new report from U.S. president Joe Biden’s White House encouraged a broad policy push to reduce greenhouse gas emissions and encourage the use of clean energy by American crypto mining companies.

The post White House report proposes possible restrictions on proof-of-work crypto mining appeared first on The Block.

Quick Take

• Reported Q2’22 earnings on August 15, 2022 after filing a delayed filing notification due to goodwill impairments, market turmoil and macro factors 
• Trades at $6.40 per share, a 71% decline year-to-date
• Reported revenues of $72.9mm, a 112% YoY increase over $34.3mm in Q2’21 
• Produced 1,395 BTC during the 3-months of Q2’22

Republicans on the House Financial Services Committee want more information from the Federal Reserve System on a potential US Central Bank Digital Currency, ahead of a deadline set by President Joe Biden’s executive order on digital assets.  Lawmakers wrote a letter to Board of Governors Vice Chair Lael Brainard on Wednesday, asking for clarification the […]

The post House Republicans press Fed on digital dollar appeared first on The Block.

Stablecoins should be “appropriately regulated” to play a role in the financial system, Federal Reserve Board Chair Jerome Powell said on Thursday. “We need legislation on this,” Powell said. “There isn’t a regulatory framework that really gets after payment stable coins, you know, and so I think that’s what’s needed.” Powell made the comments during […]

The post Powell: ‘We need legislation’ on stablecoins appeared first on The Block.