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Bifrost Finance seeks $2.5 million loan from Kusama treasury

Bifrost Finance seeks $2.5 million loan from Kusama treasury

The Polkadot Council is voting on a proposal to loan 50,000 Kusama (KSM) tokens from its treasury to the liquid staking platform Bifrost.

The post Bifrost Finance seeks $2.5 million loan from Kusama treasury appeared first on The Block.

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Federal Reserve conference casts doubt on CBDC and dollar digitization

At the Federal Reserve’s first conference on the international role of the dollar, the prospect of a US central bank digital currency did not particularly impress panelists. 

The post Federal Reserve conference casts doubt on CBDC and dollar digitization appeared first on The Block.

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Sales of Bitmain’s new Ethereum ASIC miner to begin Wednesday

Bitmain will start selling its new ASIC miner, the AntMiner E9, on Wednesday.

The post Sales of Bitmain’s new Ethereum ASIC miner to begin Wednesday appeared first on The Block.

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Bullish.com cuts jobs as pain spreads among crypto exchanges

The crypto exchange serving institutional clients was launched last year with much fanfare – and $10 billion in funding.

The post Bullish.com cuts jobs as pain spreads among crypto exchanges appeared first on The Block.

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Mapping Out The Stablecoin Ecosystem

Quick Take

  • The stablecoin sector in the cryptocurrency market is one of the most debated and controversial topics
  • Specifically, LUNA’s collapse in May added to the scrutiny from retail investors and government agencies alike, as more stablecoin regulation is anticipated
  • The Block noticed and mapped out 84 stablecoins across six categories

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July Research and Analysis Report

 

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Lamborghini-backed motor racing team adopts NFT authentication for car parts

Lamborghini Squadra Corse GT racing team Vincenzo Sospiri said that it will begin using NFTs to certify and authenticate factory car parts.

The post Lamborghini-backed motor racing team adopts NFT authentication for car parts appeared first on The Block.

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Core Scientific sold 7,202 bitcoin in June, generating $167 million

Core Scientific sold most of its bitcoin holdings (7,202 BTC) in June and brought in $167 million.

The post Core Scientific sold 7,202 bitcoin in June, generating $167 million appeared first on The Block.

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Cumberland: Potential crypto liquidations are ‘hanging over the market like a cloud’

Chicago-based crypto trading firm Cumberland said that potential liquidations of crypto assets are keeping prices down.

The post Cumberland: Potential crypto liquidations are ‘hanging over the market like a cloud’ appeared first on The Block.

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Tornado Cash governance rejects plan to diversify treasury holdings

The Tornado Cash community voted against a plan to sell 50,000 vested native tokens for at least $480,000 in ETH.

The post Tornado Cash governance rejects plan to diversify treasury holdings appeared first on The Block.

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