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PayU purchases CELO tokens to kickstart stablecoin payment program

PayU purchases CELO tokens to kickstart stablecoin payment program

PayU, the payments business of the investment group Prosus, has formed a partnership with Celo, the decentralized payments protocol.

The post PayU purchases CELO tokens to kickstart stablecoin payment program appeared first on The Block.

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A quick look at loyalty in the largest DeFi protocols

Quick Take

  • After The Summer of DeFi, both the protocols’ userbases and the number of tokenholders have grown
  • On average, about 7% of unique addresses are both users and tokenholders
  • Among projects with an airdrop, the percentage of loyal users is 10%+

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Silvergate’s growth continues thanks to SEN, but it’s looking to Diem for future expansion

Silvergate posted another strong quarter this morning — and the market took notice with Silvergate’s stock jumping 15%.

The post Silvergate’s growth continues thanks to SEN, but it’s looking to Diem for future expansion appeared first on The Block.

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Ransomware hearing in Congress hones in on cybersecurity spending and state actors

A House of Representatives subcommittee held a hearing focused on ransomware on Tuesday, honing in on a growing policy issue in recent months.

The post Ransomware hearing in Congress hones in on cybersecurity spending and state actors appeared first on The Block.

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FTX closes $900 million funding round at an $18 billion valuation

FTX’s $900 million funding round drew an array of participants including Paul Tudor Jones and Alan Howard.

The post FTX closes $900 million funding round at an $18 billion valuation appeared first on The Block.

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FTX closes $900 million funding round at an $18 billion valuation

FTX’s $900 million funding round drew an array of participants including Paul Tudor Jones and Alan Howard.

The post FTX closes $900 million funding round at an $18 billion valuation appeared first on The Block.

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FTX closes $900 million funding round at an $18 billion valuation

FTX’s $900 billion funding round drew an array of participants including Paul Tudor Jones and Alan Howard.

The post FTX closes $900 million funding round at an $18 billion valuation appeared first on The Block.

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EU officials unveil draft legislation for applying FATF’s ‘travel rule’ to crypto transactions

Officials at the European Commission, the European Union’s executive branch, made public Tuesday draft legislation that, if approved, would apply the FATF’s so-called travel rule for crypto assets.

The post EU officials unveil draft legislation for applying FATF’s ‘travel rule’ to crypto transactions appeared first on The Block.

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Circle reveals majority of USDC reserves are in cash and cash equivalents

Circle revealed on Tuesday that the majority of the stablecoin USDC’s reserves are held in cash or cash equivalents.

The post Circle reveals majority of USDC reserves are in cash and cash equivalents appeared first on The Block.

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A new crypto mining ETF gets launched on NYSE Arca

Asset manager Viridi Funds has launched a new crypto mining ETF on the New York Stock Exchange’s Arca platform.

The post A new crypto mining ETF gets launched on NYSE Arca appeared first on The Block.

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