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The FBI estimates more than 1,000 victims have made in excess of $150 million in ransomware payments to the Conti group, making its ransomware variant the costliest ever documented. 

The post US offers $15 million in rewards for information on Russia-based Conti ransomware group appeared first on The Block.

Here is a brief look at how some of the major crypto mining companies fared in the markets on Friday.

The post Bitcoin mining stock report: Friday, May 6 appeared first on The Block.

Legislation filed earlier this year in Colorado would, if passed, approve a study into the potential use of security tokens to raise state funds.

The post Colorado lawmakers advance bill to study use of security tokens for raising state capital appeared first on The Block.

Quick Take

• This weekly series explores the most interesting insights in NFTs, blockchain gaming, and virtual worlds
• This week’s issue focuses exclusively on unpacking the meteoric rise of Yuga Labs
• The Otherdeeds launch caused a tremendous ripple effect that temporarily congested the entire Ethereum network
• Despite its astronomical growth over the last year, first signs of an increasing polarization within Yuga’s community are starting to surface

Quick take

• Composability continues to be the main differentiator between on-chain derivatives protocols and their centralized counterparts. 
• Use cases have been largely limited to vaults for automated option selling and basis trading. 
• As derivatives protocols continue to grow in sophistication, the design space for decentralized structured products also expands considerably and will be explored here.

Quick Take

• A failsafe reserve used by high-yield lending protocol Anchor Protocol has declined by over 43% in the last month.
• The protocol is hoping to try to find an equilibrium to stay afloat but it may need another influx of cash.

Julian Holguin, former executive at Billboard, is the new CEO of Doodles, a community and collection of 10,000 NFTs.

The post NFT project Doodles appoints former Billboard executive as new CEO appeared first on The Block.

Google Cloud is building a team to service Web3 developers, hoping to become a key player in this growing space.

The post Google is building a web3-focused team appeared first on The Block.

The Department of Justice is levying a case against the CEO of Mining Capital Coin (MCC) for allegedly running a $62 million global fraud scheme. Luiz Capuci, Jr. was indicted for allegedly misleading investors about MCC’s mining and investing program. Capuci and his team allegedly claimed the firm’s international network of mining machines could generate […]

The post Mining Capital Coin CEO indicted in DOJ fraud case appeared first on The Block.

The US government has added the first ever mixer to its sanctions list, saying it was used by North Korea to launder hacked funds.

The post US adds Blender.io crypto mixing service to North Korean sanctions list appeared first on The Block.