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FTX launches $2 billion venture fund, hires Lightspeed exec to lead

FTX launches $2 billion venture fund, hires Lightspeed exec to lead

There’s a new multi-billion fund in the crypto market: FTX Ventures. The exchange operator has set aside $2 billion for the new fund

The post FTX launches $2 billion venture fund, hires Lightspeed exec to lead appeared first on The Block.

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Rio de Janeiro mayor plans to invest 1% of the city’s treasury in bitcoin

The city may also offer an additional discount if property taxes are paid in bitcoin.

The post Rio de Janeiro mayor plans to invest 1% of the city’s treasury in bitcoin appeared first on The Block.

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$50 million raised to fuel DeFi Alliance’s evolution into a decentralized autonomous organization

More than 300 investors have linked up to fuel crypto accelerator DeFi Alliance’s shift to a decentralized autonomous organization.

The post $50 million raised to fuel DeFi Alliance’s evolution into a decentralized autonomous organization appeared first on The Block.

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An updated look at Tornado Cash

Quick Take

  • Tornado Cash uses zero-knowledge proof to break linkages between fund sender and receivers.
  • Token incentive was leveraged to attract liquidity as the total value locked in Tornado Cash increased tenfold in 2021.
  • Tornado Cash Nova enables deposits and withdrawals of arbitrary amounts of Ether, as well as shielded transfers of deposited tokens within the pools.

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China-backed Blockchain Services Network eyes support for NFTs

China’s Blockchain Services Network will provide the tech to implement NFTs into personal user interfaces in exchange for Chinese yuan.

The post China-backed Blockchain Services Network eyes support for NFTs appeared first on The Block.

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Swiss central bank trials wholesale CBDC with BIS and commercial lenders

Switzerland’s central bank has concluded phase two of its wholesale CBDC test in conjunction with the BIS and commercial banks.

The post Swiss central bank trials wholesale CBDC with BIS and commercial lenders appeared first on The Block.

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Tesla appears to be testing a payment option for Dogecoin

Tesla is testing the Dogecoin (DOGE) payment option, according to source code from its website analyzed by a third-party engineer.

The post Tesla appears to be testing a payment option for Dogecoin appeared first on The Block.

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Legal fight emerges between ConsenSys, former venture partner over fund proceeds

A legal fight has emerged between the Ethereum-focused company ConsenSys and a former venture executive.

The post Legal fight emerges between ConsenSys, former venture partner over fund proceeds appeared first on The Block.

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North Korean hackers said to target crypto startups in months-long cybercrime campaign

One scheme identified key people and conversations within a prominent company to facilitate the attack against crypto startups.

The post North Korean hackers said to target crypto startups in months-long cybercrime campaign appeared first on The Block.

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Gemini acquires crypto portfolio management platform BITRIA

Gemini has acquired BITRIA (formerly Blockchange), a crypto portfolio management platform for financial advisors.

The post Gemini acquires crypto portfolio management platform BITRIA appeared first on The Block.

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