Neobank Atom has raised a round of more than $100 million led by Spanish banking group BBVA and investment manager Toscafund.
The post UK neobank Atom raises more than $100 million as it eyes an IPO appeared first on The Block.
PayPal has amended the terms of its merchant-focused Seller Protection program to account for transactions of more than $10,000 that involve non-fungible tokens (NFTs).
The post PayPal to limit some NFT transactions for its merchant-focused Seller Protection program appeared first on The Block.
Ethereum wallet Rainbow has raised an $18 million Series A led by Seven Seven Six, the VC fund set up by Reddit co-founder Alexis Ohanian.
The post Ethereum wallet Rainbow raises $18 million from Reddit co-founder’s VC fund appeared first on The Block.
A proposed settlement from the IRS in a case focus on crypto staking turned heads earlier this month.
The post Why the IRS’s settlement offer in a Tennessee crypto staking tax case doesn’t mean much — yet appeared first on The Block.
“Larry is the perfect anti-sponsor,” said Jeff Schaffer, the director of FTX’s Super Bowl commercial.
The post Why Larry David was the perfect ‘anti-sponsor’ of FTX’s Super Bowl ad, according to Jeff Schaffer appeared first on The Block.
Regulatory discretion is at the center of the debate over stablecoin policy before Congress.
The post Treasury official touts the ‘flexibility’ of bank charters for stablecoin issuers during Senate hearing appeared first on The Block.
Quick Take
- Tokemak deploys protocol-controlled assets into providing liquidity on outside trading venues. TOKE stakers direct the liquidity and backstop the protocol in case of extreme protocol losses.
- Liquidity providers lend assets to Tokemak in exchange for inflationary TOKE rewards. They are made whole by protocol reserve and TOKE stakers in case of extreme protocol losses.
- It is unclear how Tokemak would combat impermanent loss incurred from providing passive liquidity.
The New York Stock Exchange filed for a trademark focused on virtual goods and NFTs last week, according to a recent trademark application.
The post NYSE trademark application spotlights marketplace for NFTs appeared first on The Block.
Quick Take
- A look at which states require virtual currency licenses to transmit cryptocurrencies
- Coinbase taking defensive measures in surrendering BitLicenses of Xapo and Tagomi
- Coinbase, Crypto.com, and FTX.US acquire CFTC regulated companies to provide cryptocurrency derivatives to US clients
Welcome to Onyx Lounge, JPMorgan has jumped into the crypto-centric metaverse.
The post JPMorgan stakes a claim in the metaverse with Decentraland lounge appeared first on The Block.
