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NFT companies were a big M&A target during first half of the year

NFT companies were a big M&A target during first half of the year

A record high number of 12 deals in these spaces took place in 2022’s second quarter, despite the NFT market cool down. 

The post NFT companies were a big M&A target during first half of the year appeared first on The Block.

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Paraguay’s congress passes crypto bill, sends to president

Paraguay’s Senate has passed a bill that would set up a new licensing framework for the crypto market.

The post Paraguay’s congress passes crypto bill, sends to president appeared first on The Block.

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House, Senate Democrats push regulators to demand data from Bitcoin miners

House and Senate members sent a letter to the Department of Energy and Environmental Protection Agency asking regulators to demand that crypto miners report information about missions and energy use.

The post House, Senate Democrats push regulators to demand data from Bitcoin miners appeared first on The Block.

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Lines web3 messaging platform raises $4 million seed round 

The Lines team is ‘building an app that lets you send messages from wallet to wallet and join group chats based on the tokens you own.’

The post Lines web3 messaging platform raises $4 million seed round  appeared first on The Block.

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Australian central banker says privately issued, regulated digital currencies may have benefits: Reuters 

The G20 panelists agreed that more needed to be done to create an appropriate regulatory system.

The post Australian central banker says privately issued, regulated digital currencies may have benefits: Reuters  appeared first on The Block.

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UK Treasury disclosures for first quarter reveal meetings with top crypto execs

Officials met with Sequoia managing partner Douglas Leone, as well as Binance, Paxos, Coinbase and Circle.

The post UK Treasury disclosures for first quarter reveal meetings with top crypto execs appeared first on The Block.

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Yuga Labs champions openness, collaborative development in Otherside litepaper

Yuga Labs released its litepaper for the Otherside, a ‘starter guide’ to its ‘world-building metaverse platform.’

The post Yuga Labs champions openness, collaborative development in Otherside litepaper appeared first on The Block.

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Sweden favors making steel over mining bitcoin as power gets scarce: Bloomberg 

Sweden’s Energy Minister Khashayar Farmanbar says it is more important to provide electricity for job-creating projects like steel plants than for bitcoin miners using big amounts of power. 

“We need energy for more useful things than bitcoin, to be honest,”

The post Sweden favors making steel over mining bitcoin as power gets scarce: Bloomberg  appeared first on The Block.

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‘Merge’ rally pushes Ethereum almost to $1,400

Traders were pouring into Ether after the release of a soft timeline for the long-awaited “merge.”

The post ‘Merge’ rally pushes Ethereum almost to $1,400 appeared first on The Block.

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June crypto VC roundup: The lowest funding total since August 2021

Quick Take

  • Venture capitalists invested $2.2 billion in crypto startups in June — the lowest total since August 2021.
  • Two dozen new VC funds were also launched, including from Sequoia Capital, World Innovation Lab and Huobi Global.

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