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Quick Take

• A recent bill to temporarily halt crypto mining centers operating in New York has drawn the ire of the industry. 
• The bill’s author sat down with The Block to explain her side of the argument. 
• Critics of the new mining centers point to their use of outdated power plants and creative corporate structuring, as well as a 2019 law that mandates New York to undertake a significant reduction in emissions and energy use in coming decades. 

As the crypto market heads south, stocks like Galaxy Digital and Coinbase are trading significantly in the red.

The post Stocks for crypto-related firms fall amid wider market rout appeared first on The Block.

MicroStrategy CEO Michael Saylor claims that entities he control now look after 111,000 bitcoin, likely including his own personal stash.

The post MicroStrategy CEO Michael Saylor says ‘entities’ he controls possess 111,000 Bitcoin appeared first on The Block.

DeFi lending protocol Maple Finance has launched with its first lending pool of $17 million. Borrowers include trading firms Alameda Research, Wintermute, and Amber Group.

The post DeFi lending platform Maple Finance debuts with its inaugural $17 million pool appeared first on The Block.

The prices of Bitcoin and ether have both fallen precipitously during the past 24 hours. What’s going on in the crypto markets?

The post Bearish sentiment grips crypto market as bitcoin hurdles towards $30,000 appeared first on The Block.

Venus Protocol faced massive liquidations of over $200 million on Wednesday due to possible price manipulation of its native XVS token.

The post Binance Smart Chain’s Venus Protocol saw $200 million in liquidations. Here’s why appeared first on The Block.

Quick Take

• The rise of DeFi has enabled projects to launch, build teams, and attract capital from anywhere in the world
• The headquarters and legal domiciles of registered DeFi companies often provide insight into both team demographics and strategy as they transition toward decentralization
• Targeted strategies for specific geographies can ultimately have a significant effect on the international makeup of protocol users

In order to drive out local crypto miners, the Inner Mongolia government is asking the general public to reveal their whereabouts.

The post Inner Mongolia wants general public to snitch on crypto mining operations appeared first on The Block.

The government of India may reportedly form a new committee of experts to study the possibility of regulating crypto in the country.

The post India may form a new committee to study the possibility of regulating crypto: Report appeared first on The Block.

Bitcoin’s price has dropped below $40,000 for the first time since February 9. Meanwhile, ether has slumped below $3,000.

The post Bitcoin price drops below $40,000 reaching 14-week low appeared first on The Block.