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The crypto trading app has secured a provisional license from Dubai regulators to operate in the market and will open a regional hub in the Emirate.

The post OKX joins growing list of crypto companies approved to operate in Dubai appeared first on The Block.

London-based fintech firm Lightyear raises $25 million in a Series A round led by Lightspeed Venture Partners.

The post Richard Branson backs trading app Lightyear as it raises $25 million appeared first on The Block.

The $800 million of bitcoin backing HBTC is supposed to be clearly marked. Yet this hasn’t been the case for a while.

The post Huobi’s version of wrapped bitcoin has a transparency problem appeared first on The Block.

Crypto lender Celsius has filed for Chapter 11 bankruptcy, according to court filings.

The post Crypto lender Celsius declares Chapter 11 bankruptcy in New York appeared first on The Block.

Celsius is moving toward filing for Chapter 11 bankruptcy, according to CNBC.

The post Crypto lender Celsius to declare Chapter 11 bankruptcy: CNBC appeared first on The Block.

Quick Take

• S&P Global has launched a DeFi strategy group, led by chief DeFi officer Charles Mounts and head of DeFi strategy Charles Jensen.
• The Block caught up with Mounts and Jensen to learn about the specific opportunity that S&P’s sees in DeFi — and where its new DeFi team sees crypto going from here.

In the opinion and order, Magistrate Judge Sarah Netburn called out the SEC’s use of conflicting arguments to shield the documents.

The post Judge reaffirms that SEC must produce materials related to Hinman speech in Ripple case appeared first on The Block.

The US Senate confirmed Michael Barr, a former Ripple adviser, to serve in a key watchdog role for the U.S. Federal Reserve.

The post Former Ripple adviser Barr confirmed by Senate for Fed job  appeared first on The Block.

Quick Take 

• This is part of The Block Research’s Market Commentary series
• Secondary and third order effects of the LUNA/UST collapse and subsequent liquidations on infrastructure players remains in question ahead of July 19, 2022, Q2’22 earnings  
• Silvergate’s historical competitive advantage has been its non-interest bearing digital asset deposits 
• Key client risk includes Voyager Digital, BlockFi and Three Arrows Capital (3AC)

Here’s how crypto mining companies performed on Wednesday, July 13.

The post Bitcoin mining stock report: Wednesday, July 13 appeared first on The Block.