Crypto mining in New York will survive for the time being as the moratorium bill dies in the state legislature.
The post Unions shoot down New York’s crypto mining moratorium, for now at least appeared first on The Block.
Quick Take
- Layer 1 blockchains often have large war chests from token sales and are capable of raising large funding rounds to compete with Ethereum, the de facto smart contract platform today.
- Still, catching up with existing tooling is difficult. The key infrastructure pieces being block explorers, wallets, developer tools, as well as existing (tested) smart contract code.
- Layer 1s are capable of attracting users via token incentives, but differentiation is getting smaller as Rollups improve Ethereum’s scalability.
Eventus is a leading global provider of trade surveillance, transaction monitoring solutions, and market risk for digital asset exchanges, along with other asset classes.
The post What to Watch in Digital Asset Markets This Year appeared first on The Block.
InstaDApp, a startup aiming to build what it calls the “middleware” layer for the decentralized finance (DeFi) space, has raised $10 million in new funding. The $10 million round, which involved the sale of tokens, was led by Standard Crypto. The pool of investors included the DeFi Alliance, Longhash Ventures, along with developer and Yearn […]
The post DeFi startup InstaDApp raises $10 million in new funding appeared first on The Block.
Alex Gladstein, chief strategy officer for the Human Rights Foundation, chats with The Block’s Frank Chaparro about El Salvador’s bitcoin moves.
The post Alex Gladstein on the significance of El Salvador’s bitcoin moves appeared first on The Block.
The event was part of the auction house’s “Natively Digital” curated NFT sale, which featured 27 other pieces and a virtual gallery.
The post Rare ‘Alien’ CryptoPunk fetches $11.8 million in Sotheby’s auction appeared first on The Block.
India’s Directorate of Enforcement (ED), a law enforcement agency responsible for fighting financial crime, has issued a show cause notice to WazirX.
The post Indian law enforcement agency alleges crypto exchange WazirX violated FEMA rules appeared first on The Block.
Quick Take
- Founded in 2017, Wintermute Trading is a London-based market maker and proprietary trading firm within the digital asset sector
- During the first quarter of 2021, the firm completed a $20 Series B to assist with expansion into Asia and helping with the launch of its derivatives and request for quote (RFQ) business lines
- In total, the firm has invested in at least 20 startups and protocols across seven verticals, which The Block has mapped out below
Quick Take
- The Block has spoken to more than half a dozen sources close to Howard’s crypto operations.
- The former fund manager has made at least nine investments in crypto-related businesses.
- Elwood, set up by Howard in 2018 as an asset manager, is pivoting to become a software business focused on crypto liquidity.
British billionaire fund manager Alan Howard has led a $25 million investment in the London-based crypto custodian Copper.
The post Alan Howard leads $25 million investment in London crypto custodian Copper appeared first on The Block.
