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Kraken will pay a $1.25 million civil monetary penalty and refrain from further violations, according to a statement from the CFTC.

The post CFTC levies $1.25 million penalty against Kraken — and Commissioner Stump weighs in on settlement appeared first on The Block.

The new American football NFT marketplace is predicted to arrive before the end of this year’s football season in early January of 2022. 

The post NFL and Dapper Labs plan to launch an American football-focused NFT market: report appeared first on The Block.

Quick Take

• Arweave is a decentralized data storage platform founded in 2017 by Sam Williams and William Jones
• Arweave’s Profit Sharing Tokens (PSTs) allow app developers to sell tokens that capture part of the future profits generated by their app
• In total, The Block has identified 105 projects and companies across 20 different verticals currently expanding on Arweave’s ecosystem.

Quick Take

• Last Friday, China’s government introduced new policies aimed at stamping out crypto trading and mining.
• The swift, drastic responses by companies in China over the past several days suggest the latest crackdown is the most severe one yet. 

Global bank BNY Mellon has announced a trio of senior hires in its digital assets team. The three executives will fill newly created roles at the bank.

The post BNY Mellon beefs up digital assets unit with three senior hires appeared first on The Block.

Dan Berkovitz, a commissioner at the U.S. Commodity Futures Trading Commission and a noted public-sector critic of decentralized finance, will serve as general counsel of the U.S. Securities and Exchange Commission starting in November.

The post Outgoing CFTC commissioner Dan Berkovitz named as SEC general counsel appeared first on The Block.

Federal Reserve chairman Jerome Powell said Tuesday that he believes the U.S. central bank should work with Congress to create a digital dollar.

The post Fed chairman Powell says it would be ‘ideal’ to work with Congress on digital dollar appeared first on The Block.

Two U.S. senators want the Treasury Department to take a closer look at crypto mining policies across the world.

The post Senators call for a Treasury study on mining with new bill appeared first on The Block.

The Hong Kong-based venture firm IOSG Ventures led the round, with participation from Animoca Brands, Huobi Ventures, and other investors.

The post Social token platform Roll raises $10 million in Series A funding appeared first on The Block.

China-based Ethereum mining pool BeePool, currently the fourth-largest in terms of hashrate, is shutting down on October 15.

The post Fourth-largest Ethereum mining pool BeePool is shutting down appeared first on The Block.