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India’s central bank gives clarity to banks dealing with crypto customers

India’s central bank gives clarity to banks dealing with crypto customers

The Reserve Bank of India has clarified that banks can’t caution their customers against dealing in crypto, citing an old 2018 circular.

The post India’s central bank gives clarity to banks dealing with crypto customers appeared first on The Block.

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Digital yuan will be more competitive than digital dollar, says Bridgewater’s Ray Dalio

Bridgewater Associates founder Ray Dalio said the digital yuan will be more competitive than the digital dollar.

The post Digital yuan will be more competitive than digital dollar, says Bridgewater’s Ray Dalio appeared first on The Block.

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Japan regulator warns crypto derivatives exchange Bybit over unregistered operations

Japan’s financial watchdog on Friday issued a warning to crypto derivatives exchange Bybit for operating without registration, a first such from the regulator warning in over three years.

The post Japan regulator warns crypto derivatives exchange Bybit over unregistered operations appeared first on The Block.

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Crypto exchange volume crosses $2 trillion in May — the highest ever in history

Crypto exchanges have seen more than $2 trillion in volume this month, according to The Block’s Data Dashboard, the most-ever in history.

The post Crypto exchange volume crosses $2 trillion in May — the highest ever in history appeared first on The Block.

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Bitcoin mining difficulty declines by 16% as hashrate drop precedes China’s crackdown note

The network’s hash rate has already dropped significantly from its recent all-time-high prior to China’s bitcoin mining crackdown comment.

The post Bitcoin mining difficulty declines by 16% as hashrate drop precedes China’s crackdown note appeared first on The Block.

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Two VanEck crypto ETNs to list on Dutch and French stock exchanges on June 1

On June 1, VanEck will offer its Vectors Bitcoin exchange-traded note (ETN) and Vectors Ethereum ETN on the Dutch and French portions of Euronext.

The post Two VanEck crypto ETNs to list on Dutch and French stock exchanges on June 1 appeared first on The Block.

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Why Rajarshi Maitra quit his job to become Bitcoin’s newest full-time developer

Quick Take

  • On May 19, Rajarshi Maitra announced that he was quitting his job to work on bitcoin full time.
  • In this interview, he explains what drew him in and what it felt like to have his first bit of code merged into bitcoin’s codebase.

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Coinbase sees fast-growing interest in its prime brokerage biz from multi-strat hedge funds

Quick Take

  • An inside look at Coinbase’s prime brokerage business
  • Multi-strat hedge funds are coming, according to the firm’s Greg Tusar

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a16z aims to raise $2 billion for its third crypto fund: report

The limit does not appear to exist for this crypto fund, which just last month was expected to be valued between $800 million to $1 billion.

The post a16z aims to raise $2 billion for its third crypto fund: report appeared first on The Block.

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SEC files lawsuit against alleged promoters of crypto Ponzi scheme BitConnect

The SEC has filed an action against promoters of BitConnect for their roles in an alleged unregistered securities offering.

The post SEC files lawsuit against alleged promoters of crypto Ponzi scheme BitConnect appeared first on The Block.

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