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IRS wins court approval to serve Kraken with a request for customer information

IRS wins court approval to serve Kraken with a request for customer information

The IRS will serve the crypto exchange with a John Doe summons, which requests user information to identify crypto holding taxpayers.

The post IRS wins court approval to serve Kraken with a request for customer information appeared first on The Block.

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FTX’s new lumber market sees more than $4 million in trading volumes since launch

FTX traders have been longing logs via a new futures contract tied to lumber trading on the exchange.

The post FTX’s new lumber market sees more than $4 million in trading volumes since launch appeared first on The Block.

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Square reports $3.51 billion in bitcoin revenue via its Cash app for first quarter of 2021

Square hauled in $3.51 billion in bitcoin revenue during 2021’s first quarter, according to Thursday’s earnings release.

The post Square reports $3.51 billion in bitcoin revenue via its Cash app for first quarter of 2021 appeared first on The Block.

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Goldman Sachs moves to let investors bet on bitcoin’s price with new derivatives: report

Goldman Sachs has moved to offer derivatives products tied to the price of bitcoin to its clients, according to Bloomberg.

The post Goldman Sachs moves to let investors bet on bitcoin’s price with new derivatives: report appeared first on The Block.

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Goldman Sachs moves to let investors bet on bitcoin’s price with new derivatives: report

Goldman Sachs has moved to offer derivatives products tied to the price of bitcoin to its clients, according to Bloomberg.

The post Goldman Sachs moves to let investors bet on bitcoin’s price with new derivatives: report appeared first on The Block.

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Auction house Sotheby’s announces its second NFT sale set for June

The sale will feature non-fungible tokens from several prominent artists and groups, including Kevin McCoy, Larva Labs and Anna Ridler.

The post Auction house Sotheby’s announces its second NFT sale set for June appeared first on The Block.

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SEC chair Gensler suggests that Congress work on investor protections for crypto exchanges

Gensler is already getting the SEC to react to Robinhood volatility.

The post SEC chair Gensler suggests that Congress work on investor protections for crypto exchanges appeared first on The Block.

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Bank of England governor says investors should only buy crypto if ‘prepared to lose all your money’

Bank of England governor Andrew Bailey has a blunt message for those investing in crypto: “Buy them only if you’re prepared to lose all your money.”

The post Bank of England governor says investors should only buy crypto if ‘prepared to lose all your money’ appeared first on The Block.

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U.S. Office of Foreign Assets Control is seeking blockchain analytics tools

Public records indicate that the U.S. Office of Foreign Assets Control, which is part of the Treasury Department, is on the hunt for at least one blockchain analytics tool. 

The post U.S. Office of Foreign Assets Control is seeking blockchain analytics tools appeared first on The Block.

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Solana-based NFT project Burnt Finance raises $3 million in seed funding

Burnt Finance, a Solana-based non-fungible token (NFT) minting and auction protocol, has raised $3 million in a seed funding round.

The post Solana-based NFT project Burnt Finance raises $3 million in seed funding appeared first on The Block.

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