Bank of America, the second-largest bank in the U.S., has joined Paxos’s blockchain-based settlement network for equities.
The post Bank of America joins Paxos’s blockchain-based settlement network for equities appeared first on The Block.
TaxBit will lend the IRS its crypto accounting tools to the regulator for one year in the $1 million contract.
The post TaxBit partnership aims to fill the IRS knowledge gap on crypto appeared first on The Block.
Stablecoin issuer Tether is set to launch its USDT token on Avalanche, making it the ninth blockchain network it operates on.
The post Tether is launching on the Avalanche blockchain appeared first on The Block.
Quick Take
- Based in Hong Kong, Genesis Block was founded in 2017 by Wincent Hung and Clement Lp.
- Aside from operating a proprietary trading desk and offering market making, the firm formed Genesis Block Ventures (GBV), a separate entity that provides investment to the digital assets sector
- In total, the GBV has deployed capital to at least 69 startups and protocols across twelve verticals, which The Block has mapped out
The price of bitcoin has continued to drop over the weekend and reached a three-month low below $43,000 early Monday morning UTC time.
The post Bitcoin price drops to three-month low around $43,000 appeared first on The Block.
It’s the first digital asset firm to receive approval on a de novo application for a New York trust license.
The post Standard Custody takes new route to ‘qualified custodian’ status appeared first on The Block.
A mid-year report from blockchain analytics firm Chainalysis published last year shows that thus far in 2021, addresses tied to ransomware attacks have hauled in as much as $81 million.
The post Ransomware victims have paid at least $81 million in crypto since start of 2021: Chainalysis appeared first on The Block.
Hundreds of people have sent a variety of cryptocurrencies to the family of a child who recently overcame leukemia.
The post ‘Crypto Twitter’ donates $800,000 in cryptocurrency to child who had leukemia appeared first on The Block.
Greenidge joined other crypto companies seeking to reduce their carbon footprint through carbon offsetting — which have mixed results on how actually effective they are.
The post Greenidge Generation announces plan to offset its bitcoin mining emissions appeared first on The Block.
Quick Take
- Tokenized versions of shares in publicly listed companies have become popular products on a few crypto exchanges.
- How do they work? And why are regulators concerned about them?
