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CFTC accuses Winklevoss-owned crypto exchange Gemini of misleading statements in new lawsuit

CFTC accuses Winklevoss-owned crypto exchange Gemini of misleading statements in new lawsuit

The Commodity Futures Trading Commission has sued Gemini, the crypto exchange owned by Cameron and Tyler Winklevoss.

The post CFTC accuses Winklevoss-owned crypto exchange Gemini of misleading statements in new lawsuit appeared first on The Block.

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Inside the Rising Direct Cost of Bitcoin Mining

Quick Take

  • Due to the network hashrate growth and evolving macroeconomic conditions, the direct cost of bitcoin among mining institutions has risen sharply over the first quarter of 2022.
  • If the crypto market continues a bearish outlook, a new round of consolidation in the mining industry could take place in the near term as the gross profit margin keeps being squeezed.
  • In this piece, we dive into the numbers provided by a dozen public mining companies in their latest earnings reports and conference calls.

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Binance sponsors The Weeknd’s upcoming music tour

Binance has also partnered with HXOUSE to help release The Weeknd’s NFT collection and to give attendees commemorative NFTs of the tour.

The post Binance sponsors The Weeknd’s upcoming music tour appeared first on The Block.

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55 key crypto hires, exits and moves: May 2022

Quick Take

  • Some large crypto companies are slowing down their hiring plans in light of market conditions.
  • Despite this, many crypto firms are still hiring, with a big focus on regulatory and compliance hires, plus marketing.

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Alchemy is bringing its blockchain node infrastructure to Solana

Alchemy make its node service available for Solana developers.

The post Alchemy is bringing its blockchain node infrastructure to Solana appeared first on The Block.

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Ethereum Layer 2 Boba Network integrates with Fantom and Moonbeam

Until now, Boba had only existed on the Ethereum blockchain.

The post Ethereum Layer 2 Boba Network integrates with Fantom and Moonbeam appeared first on The Block.

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Crypto exchange Gemini slashes about 10% of its work force

Crypto exchange Gemini’s staff cuts were revealed by founders Cameron and Tyler Winklevoss in a blog post published today.

The post Crypto exchange Gemini slashes about 10% of its work force appeared first on The Block.

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WAX blockchain raises $10 million in push for GameFi and NFT market

It’s the latest example of cash flowing into the P2E and blockchain gaming space.

The post WAX blockchain raises $10 million in push for GameFi and NFT market appeared first on The Block.

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A16z and Coinbase execs back new crypto VC fund Canonical 

Canonical Crypto raised $20 million for its first fund from investors including Marc Andreessen and Chris Dixon of a16z.

The post A16z and Coinbase execs back new crypto VC fund Canonical  appeared first on The Block.

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Chelsea Manning wants to take crypto back to its cyberpunk roots

In an interview with The Block, whistleblower Chelsea Manning shares her take on the current state of crypto.

The post Chelsea Manning wants to take crypto back to its cyberpunk roots appeared first on The Block.

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