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One of Compass Mining’s hosting partners in Georgia closed down two facilities after a 50% spike in power cost. The machines will be sent to Texas.

The post Compass Mining hosting sites shut down in Georgia due to 50% power spike appeared first on The Block.

After years of planning, Ethereum is approaching its highly anticipated blockchain upgrade called The Merge. 

The post The Merge: Everything you need to know about Ethereum’s big upgrade appeared first on The Block.

OP tokens will be claimable retrospectively by users who made swaps via the 1inch wallet on Optimism.

The post 1inch announces 300,000 OP token airdrop for users on Optimism appeared first on The Block.

Executive Summary Unlike centrally controlled databases that dominate the internet today, blockchain technologies represent a path towards trustless databases with credible neutrality, immutability, censorship-resistance, and permission-less access. These fundamental properties of a decentralized blockchain stem not only from its cryptographic design, but also from the incentive structure for operating the distributed computer hardware carrying out […]

The post Blockchain Compute & Staking: Powering the Decentralized Economy- Commissioned by W3BCLOUD appeared first on The Block.

Babylon Finance is planning to close its decentralized asset management service in November due to lack of funds for operations.

The post Babylon Finance to shutter protocol after losing $3.4 million in Rari hack appeared first on The Block.

The CEO of crypto mining and infrastructure company PrimeBlock has left his role.

The post Crypto miner PrimeBlock’s CEO leaves the company appeared first on The Block.

Quick Take

• Total adjusted on-chain volume decreased by 4.2%, to $398 billion.
• A total of 38,386 Ethereum, equivalent to $65.6 million, was burned.
• Monthly volume of NFT marketplaces on Ethereum decreased, by 9.9%, to $612 million.
• Centralized exchange spot trading volumes decreased by 0.4% to $630.3 billion.
• The open interest and trading volume of both Ethereum futures and options increased as the market is positioning for the imminent ETH Merge.

Swiss crypto bank and asset manager Sygnum will open a hub in Decentraland complete with a CryptoPunk receptionist, NFT gallery and event space.

The post Crypto bank Sygnum to open metaverse hub in Decentraland appeared first on The Block.

Binance and its CEO faced requests from US prosecutors at the end of 2020 in relation to an anti-money laundering probe.

The post US prosecutors requested records on Binance CEO, Reuters reports appeared first on The Block.

Trading volumes in bitcoin futures fell below $1 trillion in August even while ether volume surged ahead of The Merge.

The post Bitcoin futures volume hit a 21-month low in August, as ether volume surged appeared first on The Block.