South Korea’s Financial Services Commission (FSC) wants white paper standards before legalizing initial coin offerings (ICOs).
The post South Korea’s financial regulator lays groundwork for ICO regulations appeared first on The Block.
Automated expenses fintech Payhawk has closed a $112 million Series B, valuing the company at $570 million.
The post UK’s Payhawk raises $112 million as expenses fintech race heats up appeared first on The Block.
El Salvador should not use bitcoin as legal tender due to the financial and consumer risks it poses, according to the IMF.
The post IMF warns El Salvador of bitcoin-related risks in new statement appeared first on The Block.
El Salvador’s president Nayib Bukele has announced plans to create a Bitcoin City using what’s being called “bitcoin bonds.” Here’s what that means.
The post Here’s how El Salvador’s president plans to use bitcoin bonds appeared first on The Block.
Quick Take
- New York City’s crypto/blockchain ecosystem has developed significantly over the past few years, seeing notable growth in DeFi and Gaming/NFT projects and companies.
- To engage in cryptocurrency activities a business must possess a BitLicense which is issued by the NYSDFS (New York State Department of Financial Services).
- The block has identified 20 verticals which includes 248 blockchain related companies and protocols.
- Given the sheer amount of growth and significance of New York’s blockchain ecosystem, The Block has updated our previous ecosystem map which contained 81 companies.
GRIID, an American firm, intends to use the loan to bolster mining capacity and expand its scale.
The post Bitcoin miner GRIID nets $525 million loan from Blockchain.com to bolster mining operations appeared first on The Block.
Royal–the NFT paltform led by DJ 3LAU–has added a number of artists to its cap table.
The post a16z, The Chainsmokers back 3LAU’s NFT platform Royal in $55 million Series A appeared first on The Block.
American banking giant Citigroup has promoted Puneet Singhvi to lead its institutional clients group (ICG) in the digital assets space.
The post Citigroup appoints new head of digital assets for institutional clients as it eyes up to 100 new hires appeared first on The Block.
The ECB’s new Eurosystem PISA framework will now include oversight for crypto, stablecoins, and electronic money transfers.
The post ECB extends PISA framework to cover crypto and electronic wallets appeared first on The Block.
Quick Take
- The trustee in Mt. Gox’s bankruptcy presides over a trove of 141,686 bitcoins with a market value of over $8.3 billion that is at last nearing redistribution.
- Fortress Investment Group and 507 Capital, which have spent years hoovering up unpaid Mt. Gox claims, stand to make huge profits.
- So too do creditors of the crypto exchanges Bitcoinica and Bitcoin Builder, which used Mt. Gox as a custodian, thanks to massive growth in the price of bitcoin since the infamous hack.
