Crypto Facilities, a wholly owned subsidiary of crypto exchange Kraken, has been granted a MLR license by the U.K.’s FCA.
The post Kraken subsidiary Crypto Facilities receives FCA approval in the UK appeared first on The Block.
President Joe Biden signed the Infrastructure Investment and Jobs Act into law on Monday, with controversial crypto tax definitions now in the Treasury Department’s hands.
The post Biden signs infrastructure bill, handing crypto broker definitions to the US Treasury appeared first on The Block.
Coinbase’s interest in decentralized finance has long been known, but new comments from the publicly traded crypto exchange’s chief financial officer suggest that the company is eyeing a broader scope.
The post Coinbase is looking at support for third-party DeFi apps on its platform, says CFO appeared first on The Block.
Wyden and Lummis’ proposed amendment comes as President Joe Biden is slated to sign the infrastructure package into law this afternoon.
The post Senators Wyden and Lummis to introduce crypto amendment to Biden’s infrastructure bill appeared first on The Block.
Quick Take
- Top-tier law firms are advising crypto companies not to establish operations in the United Kingdom.
- In the latest sign of a UK crypto exodus, it is currently easier for crypto firms to target British customers from overseas bases.
The second week of November was one of the worst for art and collectibles NFTs sales this year.
The post Weekly art and collectibles NFT sales hit lowest point since January as prices soar appeared first on The Block.
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Quick Take
- Optimistic rollups (ORUs) have been shown to greatly improve transaction throughput and reduce fees
- The two leading ORUs, Arbitrum and Optimism, are very similar, with a few differences in their architecture design
- The main differences include their architecture, fraud proofing and security risks
- Being the largest two ORUs in the market, it is likely that other ORUs will eventually adopt their design as a benchmark
Rune Christensen, the founder of stablecoin protocol MakerDAO, is set to join venture capital investment firm Dragonfly Capital, the firm announced on Monday.
The post Maker founder Rune Christensen joins venture firm Dragonfly Capital appeared first on The Block.
Bloomberg and Galaxy Digital have added a new index to their suite of crypto data products, one focused on the digital asset Solana.
The post Bloomberg, Galaxy partner to create new index that tracks the price of Solana appeared first on The Block.
