Brokerage app company Robinhood has laid off “approximately 9%” of its global staff, according to a blog post from the firm’s CEO Vlad Tenev.
The post Robinhood announces layoffs ahead of first-quarter earnings release appeared first on The Block.
Holograph, of which CXIP Labs will be the parent company, now aims to make NFT minting and bridging more intuitive and cheaper.
The post CXIP Labs raises $6.5 million to launch NFT product suite for creators and businesses appeared first on The Block.
Quick Take
- A user of decentralized exchange Uniswap filed a class-action lawsuit against Uniswap Labs, the startup that develops and maintains the protocol as well as its popular frontend website.
- The complaint contends that if Uniswap Labs had registered with the SEC and met the burden of securities laws, investors would be better protected from fraudulent activity.
- Cases like this often never reach oral arguments inside a courtroom, but the case still spotlights fundamental questions about decentralized finance (DeFi) platforms that regulators have yet to address.
Two former Jefferies executives are launching Crossover Markets Group Inc., a crypto exchange for institutional traders.
The post Ex-Jefferies execs launch crypto exchange for institutional traders appeared first on The Block.
Optimism, the Ethereum scaling startup, said Tuesday that it will shift to a new governance structure powered in part by a dedicated token.
The post Ethereum scaling startup Optimism confirms governance token as part of broader shift appeared first on The Block.
The Consumer Financial Protection Bureau is setting the stage for more involvement in crypto.
The post CFPB invokes old rule to expand authority over fintech and crypto firms appeared first on The Block.
Joe McCann has secured commitments from the likes of Marc Andreessen and Anatoly Yakovenko for his “technology company with the mandate of a fund.”
The post Founders from a16z, Solana and more back new billion-dollar crypto fund appeared first on The Block.
The city council approved a resolution on Tuesday accepting a donation of three bitcoin mining machines.
The post The city of Fort Worth, Texas votes to become a bitcoin miner appeared first on The Block.
Quick Take
- Helium, which has been around since 2013, has sought to improve connectivity across electronic devices by means of a peer-to-peer (P2P) network
- After the introduction of their token, HNT, in 2019, Helium started seeing meaningful traction in their business model
- Since then, Helium has grown in adoption and boasts one of the largest decentralized networks in the blockchain space
- As a result, a handful of related projects have started entering the decentralized wireless (DeWi) space in an attempt to capture some of the market share
- DeWi is a relatively new technology, but with the accomplishments in the blockchain space thus far, it is possible that they could significantly impact certain industries today, such as telecommunications
0x Labs has raised a $70 million Series B led by Greylock. Pantera, OpenSea, and Jump Capital also participated in the round.
The post Decentralized exchange infrastructure provider 0x Labs raises $70 million appeared first on The Block.
