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The US Department of Justice said Tuesday that it has seized $3.6 billion worth of bitcoin tied to the 2016 hack of crypto exchange Bitfinex. 

The post US government seizes $3.6 billion in bitcoin tied to 2016 hack of crypto exchange Bitfinex appeared first on The Block.

Quick Take

• In January 2022, fintechs raised $10.7 billion globally — this is a 45% increase from the same time period of the previous year.  
• Fintechs have kicked off the start of the year with a bang in the private sector despite a wobbly performance from fintechs in the public market. 

Robo advisor Betterment is entering the crypto space through the acquisition of Makara, a crypto portfolio-focused robo advisory firm.

The post Crypto-focused robo advisor Makara acquired by Betterment appeared first on The Block.

As Congress prepares to consider stablecoin regulations, one longstanding advocate for cryptocurrencies notes an outlier: Tether.

The post Tether is ‘a time bomb’ says Congressman Warren Davidson appeared first on The Block.

Metaverse avatar platform Ready Player Me is releasing a collection of 10,000 unique 3D avatars geared toward CryptoPunks NFT owners.

The post Ready Player Me to release 3D avatars based on CryptoPunks appeared first on The Block.

The demand for crypto derivatives is taking flight as yield-hungry investors hunt opportunities in the face of macroeconomic headwinds.

The post Boarding Now: Crypto Derivatives Take Flight appeared first on The Block.

Komainu will stake digital assets held by the crypto custodian’s institutional clients to earn rewards from PoS cryptocurrency protocols.

The post Crypto custodian Komainu debuts yield generating platform for clients appeared first on The Block.

The rapid integration of digital assets with the current financial system could pose significant risks, according to the FDIC. 

The post FDIC includes evaluating crypto risks on 2022 priorities list appeared first on The Block.

Aave’s long-in-the-making protocol for a decentralized social media ecosystem was unveiled on Monday.

The post Aave officially debuts protocol for decentralized social media, dubbed Lens appeared first on The Block.

The RIAA demanded HitPiece halt infringing on IP rights and take responsibility for selling NFTs of music without artists’ consent.

The post Music NFT platform HitPiece receives demand letter from recording industry association appeared first on The Block.