Quick Take
- The crypto industry went on another big hiring spree in February.
- Top candidates were poached from other crypto businesses, traditional finance companies and VC firms.
Quick Take
- Our analysis of 11 mining companies’ income statements shows their realistic costs for mining 1 bitcoin range between $4.2k to $14.2k.
- Factoring in other cash-based operating expenses, we get a further cost range between $8.2k to nearly $30k.
- That suggests energy costs no longer necessarily make up the largest part of a Bitcoin mining business as the industry grows industrialized.
- Meanwhile, stock-based payments have become a popular method for mining firms to cover parts of their operating expenses.
Users of MetaMask based in Venezuela say they can no longer access the popular digital asset wallet.
The post Venezuelan users of crypto wallet MetaMask say they can no longer access it appeared first on The Block.
Three people associated with a now-closed company called The Geek Group were sentenced to prison after authorities discovered they traded bitcoins and laundered money via an unlicensed money transmitting business. Together they sold over $740,000 in bitcoin, according to a statement from the US Attorney’s Office on February 28. Their alleged scheme involved buying bitcoin […]
The post Three people sentenced to prison for involvement in unlicensed bitcoin exchange appeared first on The Block.
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The UK’s top finance watchdog said Thursday that 50 crypto firms are under active investigation.
The post Fifty UK crypto firms under active investigation, says FCA appeared first on The Block.
Mining is the best way to dollar cost average into Bitcoin at a discount.
The post I Want to Mine Bitcoin, But Where Do I Start? appeared first on The Block.
An Internal Revenue Service (IR) official said Wednesday to “expect more” in the way of broad information requests to crypto exchanges
The post IRS official: ‘Expect more’ John Doe records requests from crypto exchanges appeared first on The Block.
Sherlock is raising $100 million in USDC tokens through a five-day event set to premiere on March 7th at 4 pm UTC.
The post DeFi security provider Sherlock aims to raise $100 million in token round appeared first on The Block.
Quick Take
- In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding
- L1 teams continue to adapt to evolving user needs as crypto becomes more mainstream than ever before
- In order to coordinate capital and behavior between the varied participants in crypto, protocols are developing novel ways to better align incentives
- This week, we look at Fantom, Avalanche, Terra, and Osmosis
