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Earlier this month, the U.S. Federal Reserve put out proposed new standards for appraising “novel institutions” looking to access the Fed’s payments and accounts services.

The post What do the Fed’s draft standards for vetting ‘novel institutions’ mean for crypto banks? appeared first on The Block.

The Block’s Frank Chaparro chats with Framework Ventures’ Vance Spencer. 

The post ‘Nowhere near a top’: Framework’s Vance Spencer on institutional adoption and the memecoin mania appeared first on The Block.

Software giant Microsoft said this week that it will close down its blockchain-as-a-service offering in September.

The post Microsoft is closing down its Azure Blockchain Service in September appeared first on The Block.

Crypto research and venture firm Delphi Digital has launched an “on-chain” fund to invest in non-fungible token (NFT) projects.

The post Crypto firm Delphi Digital launches ‘on-chain’ NFT fund appeared first on The Block.

Crypto exchange operator FTX.US has hired former Citadel Securities executive Brett Harrison as its first president.

The post FTX.US hires former Citadel Securities exec to ‘massively scale’ its crypto exchange appeared first on The Block.

Quick Take

• Ruler Protocol offers over-collateralized loans that cannot be liquidated as long as borrowers pay back on time
• Loans have fixed interest rates that are determined solely by demand and supply
• Lending pairs are segregated such that a collapse in one collateral does not affect other lending pairs
• An aggressive liquidity mining scheme was able to bootstrap tens of millions of liquidity at the expense of RULER token holders

This is the firm’s first earnings report after its long awaited direct listing, and results are consistent with its March projections.

The post Coinbase says it will support more assets, including DOGE, after strong Q1 earnings appeared first on The Block.

Cryptocurrency exchange Binance is reportedly facing an investigation by the U.S. Internal Revenue Service as well as the Department of Justice, according to a report by Bloomberg.

The post Crypto exchange Binance faces investigation by IRS, Department of Justice: report appeared first on The Block.

Using the mining equipment already in Argo’s possession, the data centers’ combined power capacity will be 20 MW and will use mostly hydroelectric power — an extension of the “Terra Pool” green mining pool initiative launched in late March.

The post Crypto miner Argo Blockchain announces purchase of two data centers in Quebec  appeared first on The Block.

Sir Jon Cunliffe, deputy governor of the Bank of England for stability, has said that it “looks probable” that the United Kingdom’s central bank will end up issuing a digital currency if public money is to survive the onslaught of private alternatives.

The post Bank of England deputy governor says a CBDC is ‘probable’ if public money is to survive appeared first on The Block.