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Quick Take

• This research piece gives an in-depth overview of Abracadabra Money and analyzes it against its peers, MakerDAO and Alchemix
• Abracadabra is a multi-chain decentralized bank that issues its native stablecoin, Magic Internet Money (MIM) via yield-bearing asset
• Danielle, the mastermind behind Abracadabra, is employing an aggressive expansion to various multi-chain and protocol integration
• Abracadabra currently earns higher revenue than MakerDAO and shares the income with its token holders

DeFi bug bounty platform Immunefi has raised $5.5 million in seed funding.

The post DeFi bug bounty platform Immunefi raises $5.5 million in seed funding appeared first on The Block.

CoinList has raised $100 million in new funding and is now valued at $1.5 billion.

The post CoinList is now valued at $1.5 billion with a fresh $100 million in funding appeared first on The Block.

Iris Energy, which sells all its mined bitcoin, is the latest energy-turned bitcoin mining firm that’s filed for an IPO in the US.

The post Another Bitcoin mining firm files for IPO in the US but it holds no BTC appeared first on The Block.

Total cryptocurrency market capitalization soared past $2 trillion as of August 2021, driven in part by companies and investment firms exploring the space

The post Institutions invest in fixed-rate crypto yield appeared first on The Block.

Paul pointed to declining confidence in government as a catalyst for a shift away from the dollar.

The post Rand Paul asks whether crypto could ‘become the reserve currency of the world’ appeared first on The Block.

Quick Take

• For years, the Latin American (LATAM) region has been billed as an area primed for high growth for digital assets
• In September, El Salvador legalized bitcoin as legal tender, becoming the first country to do so, and also the first country in the world to hold bitcoin on its balance sheet and hold it in its reserves.
• In total, The Block Research has identified a total of 112 companies an projects across 15 verticals that cater to the Latin American region

BlockFi and Neuberger Berman are teaming up to form an LCC to support crypto ETFs and other funds.

The post BlockFi, Neuberger Berman form new business to build crypto ETFs and other funds appeared first on The Block.