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The bill would prohibit the IRS from leveraging penalties related to forked assets until it issues further guidance for taxpayers.

The post Rep. Emmer reintroduces safe harbor tax legislation for forked crypto assets in Congress appeared first on The Block.

Crypto exchange FTX has partnered with Norway-listed chess company Play Magnus Group, founded by current world chess champion Magnus Carlsen, for a long-term deal.

The post FTX partners with Magnus Carlsen’s chess company to sponsor tour and bonus prize of $100K in bitcoin appeared first on The Block.

The demand for crypto risk management solutions grows in 2021, as the crypto market continues to see notable price action. Join The Block’s Director of News Frank Chaparro along side CME Group and industry experts from Tradestation, and Ninja Trading, for a live webinar and Q&A session.

The post The Block Presents: The Rise of Crypto Derivatives – Brought to you by CME Group appeared first on The Block.

Quick Take

• The Block reported in February that institutions, mostly in North America, had pre-ordered half a billion dollars worth of bitcoin mining machines from Chinese manufacturers.
• Since then, they’ve continued placing orders.

The federal provider of depository insurance is asking stakeholders for their thoughts on digital assets at insured institutions.

The post The FDIC wants to know more about use cases for crypto at US banks appeared first on The Block.

U.S. crypto exchange company Coinbase said Monday that it plans to conduct a $1.25 billion private debt offering.

The post Crypto exchange Coinbase announces $1.25 billion private debt offering appeared first on The Block.

Crypto VC firm Paradigm continues to build out its team with a recent slate of key hires.

The post Paradigm taps trading, communications talent as the crypto VC firm pursues next growth phase appeared first on The Block.

Quick Take

• Uniswap v3 launched on May 5th, 2021, and has grown to ~80% of v2’s trade volume after its first week-plus of operation.
• The main innovations in v3 are custom liquidity ranges, which provide increased capital efficiency to traders while increasing the complexity of market-making.
• It’s difficult to know how the dynamics between active LPs and those using semi-passive strategies will play out.

The FTC said that young people lost more money to crypto investment scams in the 6-month period than to any other form of deception, per reports received.

The post FTC warns of ten-fold increase crypto investment scams, with many aimed at young investors appeared first on The Block.

An 18-year-old blockchain hacker documented how he ran a 51% attack against an obscure clone of Ethereum called cheapETH.

The post Hacker shows how he ‘51% attacked’ Ethereum clone CheapETH for $100 appeared first on The Block.