Here’s how crypto mining companies performed on Monday, July 18.
The post Bitcoin mining stock report: Monday, July 18 appeared first on The Block.
Crypto exchange Gemini has reportedly undertaken another round of layoffs after laying off 10% of its staff in early June.
The post Crypto exchange Gemini undertakes second round of layoffs: TechCrunch appeared first on The Block.
The firm plans to bring fundamental analysis to the crypto market.
The post Multicoin, LedgerPrime back new $20 million hedge fund appeared first on The Block.
As Congress mulls stablecoin legislation, Circle is laying out its wishlist.
The post USDC issuer Circle lays out its hopes for coming stablecoin policy appeared first on The Block.
Three Arrows Capital liquidator Teneo has appointed a five-member committee of 3AC’s creditors, sources tell The Block.
The post Five-member creditor committee formed for Three Arrows Capital’s liquidation appeared first on The Block.
A crypto-curious Democrat could take one step closer to Congress this week, when Maryland voters head to the polls for a House primary in the Washington, D.C. suburbs. Glenn Ivey, a former Hill staffer and Prince George’s County state attorney, faces former Rep. Donna Edwards in the Democratic primary for Maryland’s 4th Congressional District on […]
The post Crypto-curious Dem on the ballot in hot Maryland primary appeared first on The Block.
Quick Take
- RSK is a merged-mined chain that leverages the work of the existing Bitcoin miners
- The concept of merge mining indicates some inheritance of Bitcoin’s security but it also relies on additional crypto-economic assumptions
- RSK’s smart contracts are compatible with Ethereum Virtual Machine (EVM), allowing RSK to leverage the existing Ethereum tooling significantly
- RSK helps improve the programmability and transaction throughput for the Bitcoin ecosystem with the use of a Bitcoin pegged representation (RBTC) on RSK
- The use of RBTC on RSK introduces certain trade-offs which may not be optimal for users
The collapsed hedge fund owes $5 million to co-founder Su Zhu and $65.7 million to co-founder Kyle Davies’ wife.
The post Kyle Davies’ wife and Su Zhu are both creditors in the 3AC bankruptcy appeared first on The Block.
Legal filings show the extent to which nearly 30 crypto companies had lent billions of dollars to 3AC.
The post Three Arrows Capital creditors lent bankrupt fund $3.5 billion, court documents show appeared first on The Block.
A hacker compromised the website of an NFT whitelisting platform called Premint and stole $375,000 worth of NFTs.
The post A hacker stole $375,000 from users of Premint NFT platform appeared first on The Block.
