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Marathon CEO explains the 3 key factors that make or break a bitcoin mining company

Marathon CEO explains the 3 key factors that make or break a bitcoin mining company

In this episode of The Scoop, Fred Thiel — CEO of bitcoin mining firm Marathon — breaks down what it takes to run a successful bitcoin mining operation.

The post Marathon CEO explains the 3 key factors that make or break a bitcoin mining company appeared first on The Block.

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Yuga Labs revokes code that allowed creation of infinite Bored Apes

Twitter users had long warned that Yuga Labs was able to mint as many Bored Apes as it wanted. It has finally fixed the issue.

The post Yuga Labs revokes code that allowed creation of infinite Bored Apes appeared first on The Block.

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Osmosis DEX on Cosmos exploited for $5 million as validators halt the network

The Osmosis team confirmed the bug let malicious users drain about $5 million worth of assets from liquidity pools.

The post Osmosis DEX on Cosmos exploited for $5 million as validators halt the network appeared first on The Block.

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MoonPay builds out celeb concierge service with Meta hire

MoonPay has hired additional staff for its concierge service that helps celebrities like Jimmy Fallon jump on the NFT bandwagon.

The post MoonPay builds out celeb concierge service with Meta hire appeared first on The Block.

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Solana sets up $100 million fund for Korean crypto startups

Solana this morning announced a new $100 million fund for Korean web3 startups.

The post Solana sets up $100 million fund for Korean crypto startups appeared first on The Block.

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Digital asset bank Custodia is suing the Federal Reserve over an application delay

Custodia’s application has been stuck in limbo before for more than a year and a half, according to its complaint.

The post Digital asset bank Custodia is suing the Federal Reserve over an application delay appeared first on The Block.

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Grayscale hires Obama’s former Supreme Court lawyer for legal push against SEC

The new counsel, Donald B. Verrilli Jr., was the solicitor general under President Obama.

The post Grayscale hires Obama’s former Supreme Court lawyer for legal push against SEC appeared first on The Block.

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The case against Nate Chastain shows how authorities could pursue ‘insider trading’ in crypto

Quick Take

  • Last week a grand jury indicted former OpenSea head of product Nate Chastain for actions related to an alleged insider trading scheme.
  • But Chastain wasn’t indicted for securities law violations, which are usually associated with insider trading.
  • If successful, the case could create a way for US regulators to police front-running in crypto regardless of whether implicated tokens are securities.

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DeFi venture funding deal activity fell in May, data shows

Funding for decentralized finance ventures is at its lowest level of activity in the past two years, based on information compiled by The Block Research.

The post DeFi venture funding deal activity fell in May, data shows appeared first on The Block.

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Bitcoin mining stock report: Tuesday, June 7

Here’s how crypto mining companies performed on Tuesday, June 7.

The post Bitcoin mining stock report: Tuesday, June 7 appeared first on The Block.

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