Smart contract immutability is under threat under the new proposal for an EU data law.
The post In new Data Act, the European Commission aims for more control over smart contracts appeared first on The Block.
Quick Take
- FRAX is a stablecoin that is partially collateralized and partially algorithmic with the use of Frax Shares (FXS) as the seigniorage token.
- Protocol-owned collateral is deployed into various DeFi protocols, and a portion of the profit flows to FXS stakers.
- Frax copied Curve’s playbook in implementing a vote locking mechanism that aligns the protocol’s interest with its loyal community members by incentivizing long-term FXS staking.
The Rakuten NFT marketplace will offer users digital collectibles of sports and entertainment — such as music and anime.
The post E-commerce giant Rakuten launches its own NFT marketplace appeared first on The Block.
Goldman Sachs executive Roger Bartlett has left the investment bank to join Coinbase as the head of the exchange’s global finance division.
The post Longtime Goldman Sachs executive joins crypto exchange giant Coinbase appeared first on The Block.
Quick Take
- Liquid staking is an emerging form of staking that seeks to unlock the value of staked tokens.
- Figment and Blockdaemon are both bringing out liquid staking services for their institutional clients.
Debate over proof-of-work mining, especially Bitcoin’s energy usage, has delayed votes on Europe’s long-awaited crypto markets directive.
The post European Parliament delays vote on crypto assets bill over proof-of-work debate appeared first on The Block.
On this episode of The Scoop, Jump president and CIO Dave Olsen explained how the firm reacted to the Wormhole hack and market bought more than $300 million in Ether to cover the losses. Olsen also dove into details that have not been historically talked about by Jump publicly—including Olsen’s view on what is important in market making in both crypto and traditional markets.
The post Jump Trading’s Dave Olsen on the key building blocks for a crypto market maker appeared first on The Block.
Traders on Robinhood have been left perplexed by a seemingly steep discount in the price of bitcoin on the investment app.
The post Bitcoin price briefly shown at steep discount on Robinhood app appeared first on The Block.
Bitcoin donations to a pro-military Ukrainian group have surged in the past day in the wake of Russia’s invasion.
The post Ukrainian military group receives hundreds of thousands in BTC donations appeared first on The Block.
The Department of Justice said Thursday that Arthur Hayes and Benjamin Delo, co-founders of the crypto derivatives exchange BitMEX, have pleaded guilty to violating the US Bank Secrecy Act.
The post BitMEX co-founders Hayes and Delo plead guilty Bank Secrecy Act violations appeared first on The Block.
