Christine Brown, the Robinhood executive charged with building out its crypto offerings, is leaving the California-based brokerage app company.
The post Robinhood’s top crypto exec is leaving appeared first on The Block.
Blockchain.com bought Altonomy’s crypto OTC desk this month in a deal valued at $250 million.
The post Blockchain.com’s crypto OTC trading desk acquisition closed at $250 million: source appeared first on The Block.
Quick Take
- The US and allies have levied heavy sanctions against Russia to cut it off from resources to prop up its economy and continue its assault on Ukraine.
- US lawmakers have expressed concern that crypto will be used as a tool to evade sanctions.
- Experts break down why the crypto industry isn’t yet big enough to act as a meaningful evasion tool.
“We have a message for the citizens of goblin town: Your days are numbered,” Terra’s Do Kwon warned bearish market players earlier this month.
The post Crypto sellers are staying on the sidelines as Terra moves to buy billions in bitcoin appeared first on The Block.
NFT traders will be able to buy and sell Solana NFTs on OpenSea’s website starting next month, the firm hinted in a video promo it posted on Twitter.
The post OpenSea teases April integration of Solana NFTs appeared first on The Block.
Quick Take
- Paradigm is a crypto-focused fund founded in 2018 by Fred Ehrsam and Matt Huang. Before creating Paradigm, Ehrsam co-founded the crypto exchange Coinbase, and Matt Huang was a partner at Sequoia
- During the first quarter of 2022, Paradigm participated in at least 13 investment deals
- In total, the firm has publicly deployed capital to at least 61 startups and protocols across 13 verticals. The Block has mapped out these portfolio elements below. This is the third iteration of Paradigm’s portfolio map and an update to our previous coverage
Ronin, the blockchain network tied to the popular pay-to-earn game Axie Infinity, suffered an exploit last week resulting in the loss of more than $600 million worth of crypto.
The post Axie Infinity’s Ethereum sidechain Ronin hit by $600 million exploit appeared first on The Block.
MacroStrategy, a subsidiary of MicroStrategy that holds most of its bitcoins, has taken a new $205 million loan to buy even more bitcoin.
The post MacroStrategy takes a $205 million loan to buy more bitcoin appeared first on The Block.
Polygon shifts toward on-chain KYC checks by way of a new user identification offering.
The post Polygon unveils identity service leveraging zero-knowledge proofs appeared first on The Block.
Quick Take
- It is becoming increasingly important to actively manage and protect our digital identities (e.g., passwords, account numbers, browsing history, social media profiles) given how much value we transact on the web nowadays
- In Web2, we have to trust large companies and their centralized databases to protect and manage our personal data
- But in Web3, we can expect more modular integration of ready-made decentralized digital identity solutions instead of reliance on centralized solutions (or building such tools from the ground up)
- Here, we take a look at the two leading blockchain-based identity platforms providing such personal data tools – Ontology and Civic
