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Santander pilots Elliptic’s crypto risk screening tool on client transactions

Santander pilots Elliptic’s crypto risk screening tool on client transactions

The leading Spanish bank has finished a pilot designed to identify risk among clients transacting crypto exchanges.

The post Santander pilots Elliptic’s crypto risk screening tool on client transactions appeared first on The Block.

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Iran authorities seize 7,000 crypto miners in largest haul to date

The seizure comes less than a month after the country enacted a four-month ban on crypto mining in an effort to reduce nationwide power cuts.

The post Iran authorities seize 7,000 crypto miners in largest haul to date appeared first on The Block.

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Bitcoin slips below $30,000, the lowest in nearly five months

The price of bitcoin has dropped below $30,000 as the bearish sentiment in the crypto market continues.

The post Bitcoin slips below $30,000, the lowest in nearly five months appeared first on The Block.

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Bitcoin mining company that repurposes waste coal raises $105 million in funding

Stronghold Digital Mining, a Pennsylvania-based bitcoin mining firm, raised $105 million from two private placements.

The post Bitcoin mining company that repurposes waste coal raises $105 million in funding appeared first on The Block.

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DCG plans to buy $50 million in Grayscale’s ETC Trust shares as discount persists

Digital Currency Group plans to buy up to $50 million in shares of Grayscale’s Ethereum Classic Trust as the product continues to trade a discount.

The post DCG plans to buy $50 million in Grayscale’s ETC Trust shares as discount persists appeared first on The Block.

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Yield wars behind Curve Finance

Quick Take

  • Liquidity on Curve has skyrocketed as liquidity providers can earn inflationary CRV rewards, where CRV is Curve’s native token
  • CRV has a high inflation rate which gets absorbed by liquidity providers and yield optimizers who buy and lock up CRV for a long time to boost up their rewards
  • Three whitelisted yield optimizing protocols provide free reward boosting for users who deposit Curve LP tokens into their vaults
  • Convex Finance has locked up more CRV than its competitors albeit recently launched

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Publicly-listed Chinese mining firm has already sent bitcoin miners to Kazakhstan

Formerly known as 500.com, BIT Mining said its indirect subsidiary was among the 26 entities on the Sichuan government’s shutdown list.

The post Publicly-listed Chinese mining firm has already sent bitcoin miners to Kazakhstan appeared first on The Block.

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EU data protection body says digital euro designs must prioritize privacy

As Europe inches toward the creation of a digitized euro, a data-focused body within the EU is calling for any design proposal to prioritize privacy and protection.

The post EU data protection body says digital euro designs must prioritize privacy appeared first on The Block.

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‘There are investments and there are flyers’: Mark Cuban on Titan’s collapse

Even billionaires aren’t immune to market plunges in the decentralized finance (DeFi) space.

The post ‘There are investments and there are flyers’: Mark Cuban on Titan’s collapse appeared first on The Block.

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Canadian securities regulator adds Bybit to purge of unregistered crypto exchanges

On June 21, the Ontario Securities Commission began proceedings against Bybit Fintech Limited. 

The post Canadian securities regulator adds Bybit to purge of unregistered crypto exchanges appeared first on The Block.

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