Binance CEO Changpeng “CZ” Zhao has said that he intends to donate up to 99% of his wealth as many business magnates do.
The post Binance CEO says he intends to donate up to 99% of his wealth appeared first on The Block.
Quick Take
- TrueFi facilitates on-chain borrowing without collateral
- Borrowers need to be vetted by TrueFi, and loan applications need to be approved by stakers of TRU, the native token of TrueFi
- TrueFi lending pools have high utilization rates due to consistent borrowing demand from institutions
- A small group of entities provides most liquidity in the lending pools
Iris Energy estimates it will pay another $533 million to complete the shipment of its Bitcoin miner pre-orders over the next two years.
The post Energy-turned Bitcoin mining firm Iris upsizes IPO raise to $231 million appeared first on The Block.
Crypto.com is spending $700 million in cash to rename Staples Center, one of the most famous sports and entertainment centers in the U.S.
The post Crypto.com is spending $700 million in cash to rename Staples Center in Los Angeles appeared first on The Block.
Quick Take
- Operates the only fiat FX and digital asset native exchange
- Launched LMAX Digital in 2018 as part of LMAX Group as an institutional only digital asset spot exchange
- ~$413mm YTD September 30, 2021 Digital Asset Traded Volume, a +590% increase compared to 2020 figures
- Jul-21 J.C. Flowers & Co. $300mm for 30% stake in LMAX Group values the WholeCo at ~$1.0b
A planned non-fungible token (NFT) sale from director Quentin Tarantino tied to the cult classic Pulp Fiction has run into some legal headwinds.
The post Director Quentin Tarantino is being sued over his Pulp Fiction NFT drop appeared first on The Block.
A federal regulatory regime for cryptocurrency exchanges has become a subject of major interest in Congress over the past year.
The post Blueprint for CFTC regime over crypto exchanges enters Congress appeared first on The Block.
The years-long slog by creditors of the defunct bitcoin exchange Mt Gox is nearing the end after a rehabilitation plan approved last month has been finalized.
The post Rehabilitation plan for defunct bitcoin exchange Mt Gox is now finalized appeared first on The Block.
The Ethereum Foundation will split the million dollar grant pool between existing blockchain advocacy groups and a crowdfunding organization.
The post Ethereum Foundation outlines $1 million in grants to crypto advocacy efforts appeared first on The Block.
Quick Take
- In the beginning, crypto airdrops were a great way to reward early adopters of decentralized protocols.
- But with the emergence of “airdrop farming,” doing a fair distribution is becoming much more challenging.
