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Ethereum creator Vitalik Buterin has criticized El Salvador president Nayib Bukele for forcing businesses in the country to adopt bitcoin.

The post Vitalik Buterin calls out ‘Bitcoin maximalists’ for supporting El Salvador’s president Nayib Bukele appeared first on The Block.

The BAYC team notes that legal parameters, utility, governance, owner benefits and audience reach make the token launch tricky.

The post Bored Ape Yacht Club plans to launch its own token in Q1 of 2022 appeared first on The Block.

Quick Take

• For almost thirteen years of the blockchains’ existence, at least a dozen outages or accidental forks have occurred.
• Most often, incidents occurred with Ethereum, which is associated with its status as the first smart contract platform and a vast ecosystem.
• It is impossible to find all consensus bugs or prevent DoS attacks beforehand, but history shows that validators and developers quickly solve all issues.

Binance.US has promoted its president Brian Shroder to CEO after the sudden exit of Brian Brooks two months ago.

The post Binance.US promotes president to CEO in the wake of Brooks’ departure appeared first on The Block.

Republic is offering what it calls “Security NFTs” to music fans that are supposed to allow them to invest in new songs and albums.

The post Republic is offering ‘security NFTs’ for fans who want to invest in songs and albums appeared first on The Block.

While the exact quantity of BTC that Lummis holds is unknown, the senator held about five bitcoin as of late June of 2021.

The post Sen. Cynthia Lummis bought up to $100,000 of BTC in August, SEC filing shows appeared first on The Block.

Toomey criticized the lack of transparency in the development of a report on stablecoins and warned against stifling innovation.

The post Senator calls out Treasury Secretary Yellen’s handling of pending stablecoin report appeared first on The Block.

South African regulators seem to be increasing scrutiny of crypto exchanges. Binance is shutting down derivatives trading in the jurisdiction.

The post Binance shuts down derivatives trading in South Africa appeared first on The Block.

Quick Take

• The number of crypto M&A deals in 2021 is already double what it was in 2020.
• The larger trend reflects the overall maturity of the crypto industry, particularly the number of large firms with the capacity to buy up smaller ones.