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Ethereum Name Service grows by 10,700 addresses in June, now attached to $277 million

Ethereum Name Service grows by 10,700 addresses in June, now attached to $277 million

The Ethereum Name Service, which lets users associate complex addresses with human readable names, has grown rapidly in the last few months.

The post Ethereum Name Service grows by 10,700 addresses in June, now attached to $277 million appeared first on The Block.

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Fed chair Powell ‘legitimately undecided’ on benefits of an American CBDC

In a Senate hearing, Pat Toomey and Jerome Powell got into the outlook for a digital dollar and private stablecoins.

The post Fed chair Powell ‘legitimately undecided’ on benefits of an American CBDC appeared first on The Block.

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LMAX Group to sell stake to New York private equity firm, valuing firm at $1 billion

JC Flowers & Co, the multibillion-dollar private equity firm, is set to acquire a 30% stake in cryptocurrency and FX exchange operator LMAX Group. 

The post LMAX Group to sell stake to New York private equity firm, valuing firm at $1 billion appeared first on The Block.

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Blockchain interoperability protocol Axelar raises $25 million in Series A funding

Axelar, a decentralized protocol that connects users across multiple blockchains, has raised $25 million in Series A funding.

The post Blockchain interoperability protocol Axelar raises $25 million in Series A funding appeared first on The Block.

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Data supports notion that China’s bitcoin mining dominance faded ahead of the crackdown

Though Cambridge’s renewed mining data has its sample restrictions, it shows China’s decline in bitcoin hash rate prior to the crackdown.

The post Data supports notion that China’s bitcoin mining dominance faded ahead of the crackdown appeared first on The Block.

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Italy joins the list of global regulators warning against Binance

Italy’s securities regulator Consob says Binance is unauthorized to offer services in the country.

The post Italy joins the list of global regulators warning against Binance appeared first on The Block.

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Mapping out the 10 most active crypto funds’ Q2′ 21 investments

Quick Take

  • The Block Research analyzed a total of 497 blockchain-related investment deals that occurred during Q2′ 21 to identify which crypto funds have been the most active to the start of the year
  • Eight of the ten most active investors during the first quarter once again qualified during Q2
  • Roughly 75% of the investments made by the most active investors were projects in the DeFi and NFTs/Gaming verticals

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BIT Digital is migrating 14,500 bitcoin miners to the US amid China crackdown

The Nasdaq-listed firm expects to complete the migration of its remaining 9,484 China-based bitcoin ASIC miners during Q3 2021.

The post BIT Digital is migrating 14,500 bitcoin miners to the US amid China crackdown appeared first on The Block.

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Revolut raises $800 million at $33 billion valuation: report

London-based neobank Revolut has raised $800 million in a round led by SoftBank Vision Fund 2 and Tiger Global Management. 

The post Revolut raises $800 million at $33 billion valuation: report appeared first on The Block.

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How do law enforcement agencies ‘seize’ crypto?

Quick Take

  • The United Kingdom’s Metropolitan Police confiscated another £180 million in crypto on July 13.
  • The Block spoke to asset recovery experts about exactly how law enforcement agencies are seizing such vast sums of crypto.

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