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Blockchain analytics firm Elliptic announced Monday that it is developing a new data product focused on institutional crypto traders.

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Crypto exchange Binance announced Monday that it has burned over 1.68 million BNB tokens in its 18th burn.

The post Binance destroys over 1.68 million BNB tokens in its latest burn appeared first on The Block.

Quick Take

• The steadfast and still-growing crypto mining ecosystem can be broken down into many verticals, but most important are its mining pools, manufacturers, and lenders.
• A few requirements must be met when becoming a Bitcoin or PoW miner, such as obtaining hardware (GPU or ASIC), mining software, a wallet, and a mining pool if they do not plan to solo mine.
• The mining ecosystem was previously centered in China but due to recent regulatory crackdowns in 2021, the space saw a substantial departure of key players such as mining data centers, manufacturers, and operators from China over to countries like Kazakhstan, the United States, and Canada.
• The mining power required to mine Bitcoin can be derived from renewable energy supplies like wind, solar, and hydroelectric.
• The Block has identified 110 crypto-mining companies across 11 verticals.

Binance has partnered with Gulf Innova — a subsidiary of Thai billionaire Sarath Ratanavadi’s Gulf Energy — to set up a crypto exchange.

The post Binance partners with Thai billionaire to set up local crypto exchange appeared first on The Block.

Influencers with more than 100,000 followers will now have to notify the CNMV on the content of promotions related to crypto.

The post Spain announces new rules for influencer crypto posts 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

• Blockchain ecosystems are now emerging faster than ever with the help of EVM, bridges, and incentives
• Growing L1 networks continue to face unexpected scaling challenges as they attempt to meet user demand
• This week, we take a look at Fantom, Solana, Harmony, and NEAR

Singapore advised that service providers should only market their wares on their own websites, apps or social media.

The post Singapore curbs crypto marketing in digital asset crackdown appeared first on The Block.

Crypto.com Capital has named former TechCrunch journalist Jon Russell as its newest partner.

The post Crypto.com’s venture fund hires former tech journalist Jon Russell appeared first on The Block.

Block, the payments-focused company formerly known as Square, is officially throwing its hat into the bitcoin mining game.

The post Jack Dorsey’s Block commits to build an ‘open’ bitcoin mining ecosystem appeared first on The Block.

JPMorgan said last week that it plans to significantly scale its technology investment and spending initiatives in 2022.

The post JPMorgan plots surge in technology spending for 2022 appeared first on The Block.