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Abra becomes latest crypto firm to cut jobs

Abra becomes latest crypto firm to cut jobs

Abra CEO Bill Barhydt confirmed the layoffs — 12 positions at the firm — to The Block.

The post Abra becomes latest crypto firm to cut jobs appeared first on The Block.

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Mirror Trading International mastermind Steynberg charged in US court

The Commodity Futures Trading Commission charged Mirror Trading International and operator Johannes Steynberg with fraud and registration violations Thursday.

The post Mirror Trading International mastermind Steynberg charged in US court appeared first on The Block.

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Governance Roundup: Current Discussions in Major DeFi Communities

Quick Take

  • This piece collects current proposals and discussions from major DeFi projects and their communities
  • We cover recent notable community governance discussions and proposals from major DeFi protocols, highlighting project developments in lending, exchange, yield, and liquid staking
  • One readily apparent issue is the centralization of voting power in coin voting governance and one promising development is the move toward departmentalization as DAOs mature
  • This week we look at MakerDAO, Compound, Aave, Uniswap, Yearn, and Lido

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OP Crypto targets $100 million for fund to back early-stage crypto fund managers

The fund has already raised $50 million from traditional and crypto-native LPs like LedgerPrime and FJ Labs.

The post OP Crypto targets $100 million for fund to back early-stage crypto fund managers appeared first on The Block.

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Looking into Grayscale Bitcoin Trust after SEC spot ETF rejection

The asset manager’s application to have GBTC converted into a spot-based bitcoin ETF was rejected after months of campaigning.

The post Looking into Grayscale Bitcoin Trust after SEC spot ETF rejection appeared first on The Block.

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Decentral DAO pauses use of NEAR tokens for minting USN stablecoin

Decentral Bank DAO plans to use a basket of market-leading stablecoins as USN’s underlying collateral.

The post Decentral DAO pauses use of NEAR tokens for minting USN stablecoin appeared first on The Block.

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OneCoin founder Ruja Ignatova to be added to FBI’s most wanted list

Ignatova allegedly defrauding investors of more than $4 billion.

The post OneCoin founder Ruja Ignatova to be added to FBI’s most wanted list appeared first on The Block.

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Kyve Network hits $100 million valuation as it raises $9 million

Web3 data storage solution Kyve Network has raised $9 million in a round led by Distributed Global, valuing the company at $100 million.

The post Kyve Network hits $100 million valuation as it raises $9 million appeared first on The Block.

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Ethereum finishes Gray Glacier hard fork to push the ‘difficulty bomb’ to September

Ethereum developers have now scheduled the difficulty jump to activate in mid September.

The post Ethereum finishes Gray Glacier hard fork to push the ‘difficulty bomb’ to September appeared first on The Block.

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FTX walked away from a deal with Celsius after seeing state of its finances: sources

FTX looked at making a deal with troubled crypto lender Celsius but ultimately walked away from it, sources tell The Block.

The post FTX walked away from a deal with Celsius after seeing state of its finances: sources appeared first on The Block.

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