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Binance picks 100 artists to spearhead launch of NFT marketplace

Binance picks 100 artists to spearhead launch of NFT marketplace

Crypto exchange Binance has selected 100 NFT artists who will be able to sell their artwork’s during the launch of its new marketplace.

The post Binance picks 100 artists to spearhead launch of NFT marketplace appeared first on The Block.

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China expands digital yuan reach with its latest giveaway trial in Shanghai

China has increased the reach of the digital yuan with its latest giveaway test in Shanghai, the country’s financial hub.

The post China expands digital yuan reach with its latest giveaway trial in Shanghai appeared first on The Block.

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Number of daily bitcoin transactions falls to 2018 levels

As bitcoin’s price remains stuck below the $40,000 mark, a range of its on-chain metrics are taking a hit too.

The post Number of daily bitcoin transactions falls to 2018 levels appeared first on The Block.

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Solana is raising as much as $450 million in bid to take on Ethereum: report

Solana, the blockchain network best known for powering FTX’s decentralized exchange, is raising as much as $450 million.

The post Solana is raising as much as $450 million in bid to take on Ethereum: report appeared first on The Block.

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El Salvador’s president announces legislative proposal to declare bitcoin legal tender

Nayib Bukele, El Salvador’s controversial president, announced Saturday that he planned to submit a legislative approval that, if and when passed, would grant bitcoin the status of legal tender in his home country.

The post El Salvador’s president announces legislative proposal to declare bitcoin legal tender appeared first on The Block.

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Bitcoin’s price slips as Weibo suspends crypto influencer accounts

Weibo has suddenly suspended more than a dozen crypto influencer accounts in what appeared to be a targeted censorship effort.

The post Bitcoin’s price slips as Weibo suspends crypto influencer accounts appeared first on The Block.

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G7 central bankers, finance ministers discuss stablecoins, central bank digital currencies at latest meeting

The Group of 7 (G7) has reiterated past comments about stablecoins and its opposition to those that don’t align with “relevant legal, regulatory, and oversight requirements.”

The post G7 central bankers, finance ministers discuss stablecoins, central bank digital currencies at latest meeting appeared first on The Block.

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Protocols built on protocols: moving higher up the DeFi stack

Quick Take

  • The most popular DeFi protocols to date have offered the “simplest” financial primitives. E.g. a stable medium-of-exchange, lending, trading.
  • Many ideas on Ethereum have been ported over to other chains — arguably improved by higher scalability — but often there’s been little innovation in protocol mechanics.
  • New protocols building on existing infrastructure components is where the more interesting innovation in DeFi is happening.

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Antivirus software company Norton now allows Ethereum mining via pool service

NortonLifeLock, formerly Symantec, has released a new crypto product that allows users to mine ether (ETH) from their personal computers.

The post Antivirus software company Norton now allows Ethereum mining via pool service appeared first on The Block.

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Jack Dorsey defends his decentralization beliefs during bitcoin conference appearance

Twitter CEO Jack Dorsey reiterated his commitment to make bitcoin “the native currency for the internet” on Friday.

The post Jack Dorsey defends his decentralization beliefs during bitcoin conference appearance appeared first on The Block.

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