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Bitpanda, the Vienna-based crypto exchange and neo-broker, has topped up its recent $170 million Series B fundraise with another €10 million (roughly $12 million).

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On May 6, New York Attorney General (NYAG) Letitia James requested a temporary restraining order and other legal action against crypto app company Coinseed.

The post New York Attorney General sues to halt the operations of crypto app company Coinseed appeared first on The Block.

Dfinity got a lot of attention in 2018 when it raised $160 million in venture capital. Today it finally launched its blockchain network.

The post Dfinity is finally launching its ‘Internet Computer’ appeared first on The Block.

Quick Take

• MIT’s Digital Currency Initiative has launched a new academic journal, called Cryptoeconomic Systems.
• It’s a step toward a more robust academic dialogue around blockchain and crypto topics.

Bitcoin trading and custody services provider NYDIG has hired John Dalby, CFO of Bridgewater Associates, the world’s largest hedge fund, as its CFO.

The post Bitcoin services firm NYDIG hires CFO of Bridgewater Associates, the world’s largest hedge fund appeared first on The Block.

Ripple has reported a nearly 100% increase in XRP sales for Q1 2021 despite its ongoing legal battle with the U.S. SEC.

The post Ripple’s XRP sales increased nearly 100% in Q1 2021 despite SEC lawsuit appeared first on The Block.

Quick Take

• dYdX is a protocol for decentralized perpetual swaps. Initially launched in October 2018 on the Ethereum mainnet, the new version is live on StarkWare’s zk-Rollups.
• In the first month after its launch, dYdX facilitated $1 billion in trade volume and added markets for DeFi tokens such as UNI, YFI, AAVE and 1INCH.
• The advantage for dYdX is its scalability, but the difficulty will be in bootstrapping liquidity for long-tail markets and a lack of composability.

Nuvei Corporation, a Canada-listed payment processing company with a market capitalization of nearly $10 billion, has agreed to acquire crypto firm Simplex for $250 million.

The post Canada-listed payment company Nuvei to acquire crypto firm Simplex for $250 million appeared first on The Block.

Technology giant Amazon has rolled out a solution dedicated to the Chia crypto mining on its AWS cloud computing platform.

The post Amazon rolls out Chia crypto mining solution on AWS appeared first on The Block.

Banking giant Citigroup is considering launching crypto trading, custody, and financing services.

The post Citi bank is considering launching crypto trading and custody services appeared first on The Block.