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China drags down crypto market: here’s what large traders are saying

China drags down crypto market: here’s what large traders are saying

The crypto charts haven’t looked this brutal since the 2018 bear market, but traders don’t think that we’ve reached the point of full capitulation.  The price of bitcoin fell to $31,000 earlier Sunday, after a volatile week that saw the price of the largest cryptocurrency whipsaw between $30,000 and $40,000. Elsewhere, cryptocurrencies ranging from ether […]

The post China drags down crypto market: here’s what large traders are saying appeared first on The Block.

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Ethereum mining revenue set for record-breaking month despite price declines

The price of ether, the native cryptocurrency of Ethereum, is significantly down from its all-time high this month, but May is still set to represent a record-breaking month for ETH miners.

The post Ethereum mining revenue set for record-breaking month despite price declines appeared first on The Block.

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ECB says crypto assets appear to pose ‘limited’ financial stability risks in new report

A financial stability report published by the European Central Bank last week indicates that risks to financial institutions from crypto assets “appear limited.” The mention of crypto assets was included in the May 19 report and published on the ECB’s website. “Signs of exuberance have also been observed in the renewed interest in crypto-assets, although […]

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China’s bitcoin crackdown comment sparks USDT sell-off on OTC desks

China’s latest crackdown comments on bitcoin mining and trading have sparked some fear and uncertainty among local traders and miners.

The post China’s bitcoin crackdown comment sparks USDT sell-off on OTC desks appeared first on The Block.

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A Dutch Domino’s Pizza franchisee now offers part of salary in bitcoin

Immensus, which owns and operates 16 Domino’s Pizza stores in the Netherlands, is now offering its staff a part of their salary in bitcoin.

The post A Dutch Domino’s Pizza franchisee now offers part of salary in bitcoin appeared first on The Block.

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Nebraska lawmaker proposes state study of agricultural applications for blockchain

A lawmaker in Nebraska has submitted a legislative proposal that, if approved, would clear the way for state officials to investigate the potential use of blockchain tech in agriculture.

The post Nebraska lawmaker proposes state study of agricultural applications for blockchain appeared first on The Block.

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How crypto fits into Brazil’s vision for the future of banking 

Quick Take

  • Brazil’s huge financial market and embrace of new technologies have made it a regional fintech hub.
  • Policymakers are hoping that digital banking platforms can help bring down traditional barriers to entry to the financial system.
  • How do digital assets fit into this picture?

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The U.S. government is circulating a questionnaire for EtherDelta hack victims

The U.S. Attorney General and Secret Service have put out a request for information from victims of the 2017 EtherDelta hack. 

The post The U.S. government is circulating a questionnaire for EtherDelta hack victims appeared first on The Block.

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[SPONSORED] The Rise of Derivatives – Brought to you by CME Group

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FTX preparing to raise up to $1 billion at $20 billion valuation: sources

Crypto exchange FTX is in the latter stages of a funding round said to value the company at around $20 billion, according to sources.

The post FTX preparing to raise up to $1 billion at $20 billion valuation: sources appeared first on The Block.

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