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Nexus Mutual to invest $29 million of treasury funds into Maple Finance

Nexus Mutual to invest $29 million of treasury funds into Maple Finance

DeFi insurance protocol Nexus Mutual wants to earn yield on 10% of its treasury ether (ETH) holdings via an investment in Maple Finance.

The post Nexus Mutual to invest $29 million of treasury funds into Maple Finance appeared first on The Block.

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Suspected Tornado Cash developer arrested in Amsterdam

Dutch authorities arrested a developer suspected of involvement in Tornado Cash on Wednesday, two days after the US government sanctioned the crypto mixing service.

The post Suspected Tornado Cash developer arrested in Amsterdam appeared first on The Block.

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Binance seizes $450,000 stolen in Curve’s front-end hack

Changpeng Zhao, the CEO of the Binance crypto exchange, said his team seized funds stolen during the recent Curve’s front-end exploit.

The post Binance seizes $450,000 stolen in Curve’s front-end hack appeared first on The Block.

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Asset manager Abrdn becomes biggest external shareholder in digital-assets exchange Archax

Abrdn, which manages more than $619 billion in assets, has become the largest external shareholder in Archax. 

The post Asset manager Abrdn becomes biggest external shareholder in digital-assets exchange Archax appeared first on The Block.

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Huobi founder in talks to sell majority stake in crypto exchange: Bloomberg

Leon Li, founder and CEO of crypto exchange Huobi, is reportedly in talks with investors about selling a controlling stake in the company.

The post Huobi founder in talks to sell majority stake in crypto exchange: Bloomberg appeared first on The Block.

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Lightning Network app Strike touts new Visa card

Strike, the crypto payments app built on the Lightning Network, announced a new Visa card that will offer spending rewards.

The post Lightning Network app Strike touts new Visa card appeared first on The Block.

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Stronghold Digital Mining pushes back Q2 earnings due to ‘significant announcement’

Stronghold Digital Mining has pushed back its second-quarter earnings call to August 15.

The post Stronghold Digital Mining pushes back Q2 earnings due to ‘significant announcement’ appeared first on The Block.

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Bitcoin mining stock report: August 11

Bitcoin mining stocks mostly increased on Thursday, albeit at a modest rate, as bitcoin’s price steadily rises. 

The post Bitcoin mining stock report: August 11 appeared first on The Block.

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Core Scientific beats on revenue, posts net loss in second quarter

Bitcoin miner Core Scientific took an $840 million goodwill impairment charge and a $150.2 million impairment on digital assets. 

The post Core Scientific beats on revenue, posts net loss in second quarter appeared first on The Block.

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MakerDAO founder says it’s ‘almost inevitable’ DAI will abandon USD peg

MakerDAO is set to discuss whether it needs to remove the USDC backing for DAI which could depeg the stablecoin from the US dollar.

The post MakerDAO founder says it’s ‘almost inevitable’ DAI will abandon USD peg appeared first on The Block.

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