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UK startup Copper begins offering custody for NFTs to meet institutional demand

UK startup Copper begins offering custody for NFTs to meet institutional demand

Crypto custodian Copper has quietly started offering custody solutions for non-fungible tokens.

The post UK startup Copper begins offering custody for NFTs to meet institutional demand appeared first on The Block.

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Crypto exchange KuCoin reaches decacorn status in latest funding round

The latest round follows its series A in November 2018, when it raised $20 million at a $100 million valuation. 

The post Crypto exchange KuCoin reaches decacorn status in latest funding round appeared first on The Block.

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Queen’s Speech: UK government to introduce bill to tackle illicit finance

Prince Charles made the comments in the state opening of Parliament, which the Queen missed for health reasons.

The post Queen’s Speech: UK government to introduce bill to tackle illicit finance appeared first on The Block.

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Citigroup, Wells Fargo join $105 million round for crypto infrastructure firm Talos

Crypto firm Talos has raised $105 million in a Series B round from Citi, Wells Fargo and others as it plans global expansion.

The post Citigroup, Wells Fargo join $105 million round for crypto infrastructure firm Talos appeared first on The Block.

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Binance suspends LUNA and UST withdrawals amid market turbulence

Crypto exchange Binance has suspended withdrawals of LUNA and UST tokens with the Terra-based stablecoin struggles to recover its peg to the US dollar.

The post Binance suspends LUNA and UST withdrawals amid market turbulence appeared first on The Block.

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Crypto market tumult continues as bitcoin slips below $30,000

Bitcoin’s price traded below $30,000 late Monday amid continued turbulence in the crypto market. According to data from TradingView, BTC fell to $29,825 before posting a recovery. At press time, the cryptocurrency is trading at $29,850. As reported earlier Monday, the algorithmic stablecoin UST has incurred a significant price decline, falling more than 30% on […]

The post Crypto market tumult continues as bitcoin slips below $30,000 appeared first on The Block.

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Bitcoin mining stock report: Companies suffer double-digit drops as US equities fall

Here is a look at how crypto mining companies faired in the markets on Monday, May 9.

The post Bitcoin mining stock report: Companies suffer double-digit drops as US equities fall appeared first on The Block.

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Bitso introduces new feature that lets customers in Latin America earn yield on their crypto

Bitso users can start earning yields on the bitcoin and stablecoins in their wallets by downloading the latest version of the app.

The post Bitso introduces new feature that lets customers in Latin America earn yield on their crypto appeared first on The Block.

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Bitcoiners take it as a given that a mining rush will improve Texas’s grid. Not everyone is convinced.

Quick Take

  • As bitcoin mining rapidly expands in Texas, many in the industry assert that this will both strengthen the state’s unique power grid and encourage the growth of renewable energy.
  • With so many different moving parts, experts say it’s hard to confidently say what the actual outcome will be.

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Federal Reserve says stablecoins are ‘prone to runs’ in new financial stability report

As UST struggled to maintain its dollar peg, the Fed is calling stablecoins a central funding risk.

The post Federal Reserve says stablecoins are ‘prone to runs’ in new financial stability report appeared first on The Block.

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