Crypto exchange Bitfinex appears to have mistakenly spent an outrageous amount of money to move just $100,000.
The post Bitfinex just spent $23.7 million in fees to make a single Ethereum transaction appeared first on The Block.
Quick Take
- Disclaimer: The Block Research team has, is, and will be experimenting with the various protocols, projects, and applications mentioned in this series. The projects mentioned in our reports are not recommendations from our team and should not be misconstrued as investment advice. Many projects that appear in this series are highly experimental and, as such, will come with risks. Readers should evaluate their own risk tolerance before experimenting with these projects.
- DeFi Digest is a series that summarizes recently launched projects and applications that our research team found interesting.
- This week’s digest looks at Sherlock, Boto and Polynomial Protocol
Recently Huobi Wallet has made waves around the industry for launching HClaimer, a new feature that enables users to collect their staking rewards from multiple DeFi projects through just one easy click.
The post Why One-Click Collecting DeFi Rewards Feature Points to the Future of Decentralized Wallets appeared first on The Block.
Ethereum mining pool Sparkpool will stop its services for both China and overseas customers in response to China’s harsher crackdown.
The post China-based Ethereum mining pool Sparkpool to suspend all services appeared first on The Block.
Shares in OakNorth have changed hands in a deal that values the British fintech bank at $5 billion — more than double its last reported valuation.
The post Share sale values British fintech firm OakNorth at $5 billion appeared first on The Block.
Crypto exchange Binance announced Monday that it will no longer offer certain services to Singapore users on its main platform, Binance.com.
The post Binance to restrict crypto offerings to Singapore users on its main platform appeared first on The Block.
Quick Take
- The net amount of Bitcoin flowing into exchanges was only weakly related to the amount of Bitcoin being traded
- The amount of Bitcoin being traded is predicted by its internal structure over time much better than are the net amount of Bitcoin flowing into exchanges
- Despite a clear relationship between Bitcoin trading volumes and price, trading volumes slightly decrease explanatory power when modeling price with its internal structure over time
Huobi Global, one of the major crypto exchanges that cater to mainland China customers, will clear out all China-based user accounts later this year.
The post Crypto exchange Huobi to cease all mainland China user accounts appeared first on The Block.
Quick Take
- Crypto wallet Phantom has become the de facto wallet on Solana.
- Here’s how it has evolved, what features are coming and whether it will issue a token.
China’s intensified crackdown on crypto trading has spooked some retail users to dump USDT on OTC markets on crypto exchanges.
The post USDT sell-off against yuan intensifies on crypto OTCs after China’s crackdown appeared first on The Block.
