Documents obtained by The Block highlight a $2.36 billion outstanding loan balance owed to crypto lender Genesis by 3AC.
The post Crypto lender Genesis lent $2.36 billion to Three Arrows Capital appeared first on The Block.
The liquid staking giant says it wants to bring staked ETH (stETH) to the Ethereum Layer 2 decentralized finance space.
The post Lido to launch liquid staking on Ethereum Layer 2 networks appeared first on The Block.
In this episode of The Scoop, Algorand Foundation CEO Staci Warden provides insight into some exciting developments in the Algorand ecosystem that she hopes will harness the power of Algorand’s technology for global good.
The post Algorand Foundation CEO Staci Warden says Algorand is ready to change the world appeared first on The Block.
Quick Take
- Many projects are attempting to scale Ethereum at Layer 1 or Layer 2, but few are attempting to improve upon the Ethereum Virtual Machine (EVM) itself
- FuelVM is one of the leading projects in this new approach to blockchain scalability – embracing a view of the future of blockchains as a modular stack rather than monolithic
- In this approach, FuelVM would purely handle the execution of transactions while delegating the rest of the functionalities of a blockchain (e.g., consensus, data availability, settlement) to other chains
Bringing shielded voting should bring improvements in governance incentives, according to Snapshot.
The post Snapshot to let DAOs hide votes with threshold encryption appeared first on The Block.
The auction house’s VC arm made its nvestment will be in a blockchain interoperability startup called LayerZero Labs.
The post Christie’s launches venture fund, makes first investment in web3 company appeared first on The Block.
Coinbase has been approved to operate in Italy as a crypto asset service provider as it continues a push into Europe.
The post Coinbase approved to operate as crypto asset service provider in Italy appeared first on The Block.
The Dutch central bank has fined cryptocurrency exchange Binance €3.3 million for operating in the country without a legally required registration.
The post Dutch central bank fines Binance €3.3 million for operating without registration appeared first on The Block.
The second biggest month-over-month decline occurred between February and March of this year, which saw a decrease of 48%.
The post Monthly NFT trading volumes fell 74% from May to June appeared first on The Block.
Galaxy’s Michael Ashe says there is more “receptivity” to M&A amid the crypto market slump.
The post Crypto market downturn could lead to new M&A opportunities, according to Galaxy’s top deal maker appeared first on The Block.
