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Hut 8 reveals plan to become fully focused on in-house mining after deal to buy ASICs

Hut 8 reveals plan to become fully focused on in-house mining after deal to buy ASICs

Crypto miner Hut 8 closed a deal to buy all ASIC machines from its hosting client TAAL.

The post Hut 8 reveals plan to become fully focused on in-house mining after deal to buy ASICs appeared first on The Block.

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Liquid staking protocol Lido allocates $6 million to Ethereum development

The $6 million grant will go towards the long-term maintenance of the Ethereum codebase via the Protocol Guild funding mechanism.

The post Liquid staking protocol Lido allocates $6 million to Ethereum development appeared first on The Block.

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Framework Ventures unveils $400 million fund with a special focus on blockchain gaming

Framework Ventures, a crypto-focused venture capital firm, said Tuesday that it has raised $400 million for a new fund.

The post Framework Ventures unveils $400 million fund with a special focus on blockchain gaming appeared first on The Block.

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Comparing dYdX and ZigZag Protocol

Quick take

  • Some of the earliest DeFi applications were orderbook-based DEXs (e.g. EtherDelta). 
  • The constraints of public blockchains limit the extent to which orderbook functions can be fully decentralized. 
  • The high degree of scalability offered by ZK-rollups may facilitate a revival of fully on-chain orderbook DEXs. 
  • dYdX and ZigZag are well positioned to lead the way in the space.

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Silvergate says its crypto customer base grew to more than 1,500 in 2022’s first quarter

The crypto-focused customer base of Silvergate Bank grew to more than 1,500, according to the first-quarter results published Tuesday.

The post Silvergate says its crypto customer base grew to more than 1,500 in 2022’s first quarter appeared first on The Block.

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Bitfinex crypto exchange suffers trading outage

“We are investigating issues with the platform and have to temporarily halt trading,” the crypto exchange says.

The post Bitfinex crypto exchange suffers trading outage appeared first on The Block.

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US government warns that North Korea is targeting crypto firms

On Monday, three major US government entities issued a joint alert on cyber threats faced by companies working in the blockchain sector.

The post US government warns that North Korea is targeting crypto firms appeared first on The Block.

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Andre Cronje: ‘regulated crypto’ more feasible than ‘crypto regulations’

The DeFi developer says he wants to promote regulated crypto access instead of fighting with the authorities over crypto regulations.

The post Andre Cronje: ‘regulated crypto’ more feasible than ‘crypto regulations’ appeared first on The Block.

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The Sandbox gears up to raise $400 million at a $4 billion valuation: report

The news comes less than six months after the platform raised $93 million in a Series B round led by SoftBank.

The post The Sandbox gears up to raise $400 million at a $4 billion valuation: report appeared first on The Block.

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Blockchain.com aims to go public this year: report

The crypto exchange and wallet service is looking to go public as soon as this year and is having conversations with banks.

The post Blockchain.com aims to go public this year: report appeared first on The Block.

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