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The new bill is similar to Senate legislation introduced in September called the Accountability for Cryptocurrency in El Salvador (ACES) Act.

The post US House members introduce bill to ‘mitigate the risks’ from El Salvador’s adoption of Bitcoin appeared first on The Block.

Quick Take

• Founded by Philippe Laffont in 1999, Coatue Management is a New York-based investment firm that manages over $70 billion worth of assets
• As far back as 2018, Coatue has been intrigued by the potential of digital assets where it participated in the significant mining manufacturer Bitmain’s Series B round
• In total, The Block has recognized and mapped out 14 crypto-related investments across eight verticals

The Bitcoin mining firm says the move is part of its larger goal to be 100% carbon neutral by the end of 2022.

The post Marathon to move its Bitcoin miners from Montana to new locations with ‘more sustainable’ power sources appeared first on The Block.

It’s one of the largest crypto asset forfeitures by the United States, according to the Department of Justice.

The post Federal prosecutors forfeit $34 million in crypto tied to illicit dark web activities appeared first on The Block.

The Treasury Department is cracking down on Hydra market and an associated Russian crypto exchange called Garantex.

The post US sanctions world’s largest darknet market and linked Russian crypto exchange appeared first on The Block.

The victim entered into a trade where they swapped a Bored Ape and two Mutant Ape NFTs for photoshopped fakes.

The post Bored Ape holder loses NFTs worth $567,000 to a scammer appeared first on The Block.

Leap, a non-custodial crypto wallet for accessing the Terra ecosystem, has raised $3.2 million in a seed funding round.

The post Terra wallet Leap raises $3.2 million in a private token sale appeared first on The Block.

Quick Take

• Avalanche is one the fastest growing L1 in the crypto space due to its EVM compatibility, low fees and latency, as well as its fast transaction finality 
• To further bolster the scalability of the Avalanche blockchain, Ava Labs introduced the concept of subnets, where unique ecosystems in the Avalanche network can be operated by different sets of validators
• Crabada, a popular game on Avalanche, recently launched its own native subnet on the Fuji testnet with its own set of validators
• Subnets are useful for scaling Avalanche because they allow a select subset of validators from the primary network to validate their own set of blockchains

Quick Take

• Citi has emerged as a launchpad for execs hoping to get access to the booming digital assets space. 
• The Block has counted no fewer than 15 moves from Citi to a range of different crypto companies.

Boba Network, an Ethereum Layer 2 scaling project, has raised $45 million in Series A funding at a $1.5 billion valuation.

The post Boba Network raises $45 million at a $1.5 billion valuation appeared first on The Block.