As a result of Ethereum’s latest upgrade “London,” the network is now burning transaction fees in every block.
The post Here’s how much ETH has already been burned due to EIP-1559 appeared first on The Block.
Coinbase has agreed to acquire crypto data aggregator Zabo for an undisclosed sum.
The post Coinbase is acquiring crypto data aggregator Zabo appeared first on The Block.
A quintet of upgrade packages are set to go live on the Ethereum blockchain network Thursday as part of the London hard fork.
The post Ethereum’s ‘London’ hard fork: What it is and why it matters appeared first on The Block.
AccuWeather announced Wednesday that it’s launching a Chainlink node to place its weather APIs directly onto blockchain-based smart contracts.
The post AccuWeather brings weather data to smart contracts by running a Chainlink node appeared first on The Block.
A trio of U.S. senators is proposing a legislative exclusion for crypto companies, including miners and software developers, from a tax reporting provision in a long-in-the-making bipartisan infrastructure bill. The Wyden-Lummis-Toomey amendment, made public Wednesday, comes days after it first emerged that the trillion-dollar infrastructure bill included language aimed at tightening reporting requirements for “brokers” […]
The post Senators propose exclusion of miners, software developers in infrastructure bill’s crypto ‘broker’ definition appeared first on The Block.
Quick Take
- Algorithmic stablecoins are tokens that are typically pegged to the value of the US dollar, by means of predefined algorithms and market forces
- There are an increasing number of projects aiming to create capital-efficient algorithmic stablecoins, such as FRAX and UST
- They are crucial in the reduction of cryptocurrency markets’ reliance on centralized fiat-backed stablecoins
- However, they can also experience complete failure in edge cases, where the algorithms designed to maintain the peg becomes its own undoing
Grayscale continues to hire ETF specialists as it continues its progress in turning its trust products into ETFs.
The post Grayscale hires David LaValle as global head of ETFs appeared first on The Block.
Quick Take
- Supported by a wave of funding, crypto firms have been rapidly growing their headcounts during 2021.
- This article provides a breakdown of the hiring numbers for 19 firms and how many people they expect to hire by the end of the year.
A CryptoPunk owner accidentally put their NFT on sale for less than a cent and someone snapped it right up.
The post Mistake sees $69,000 CryptoPunk sold for less than a cent appeared first on The Block.
The blockchain toolmaker provides tools and infrastructure for a variety of major NFT marketplaces and platforms.
The post Blockchain dev platform Alchemy adds roster of angel investors to help lead company growth appeared first on The Block.
