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Crypto infrastructure firm has raised an $80 million Series B funding round led by Coatue Management.

The post Hedge fund Coatue, billionaire Charles Schwab back crypto infrastructure firm’s $80 million Series B appeared first on The Block.

ConsenSys-owned Ethereum wallet MetaMask has crossed 5 million monthly active users.

The post Ethereum wallet MetaMask is now used by more than 5 million users every month appeared first on The Block.

Quick Take

• Gas in Ethereum is fuel for transactions and protection against spam attacks.
• Berlin hardfork changed the gas costs of some EVM operations, which seriously affected the cost of functions using them.
• Optional access lists added in Berlin hardfork are not a gas costs reduction tool and, if misused, will increase fees.

Uranium Finance, a Binance Smart Chain-based DeFi project, says it suffered exploitation early Wednesday and lost $50 million.

The post Binance Smart Chain-based DeFi project Uranium Finance exploited, lost $50 million appeared first on The Block.

JPMorgan, DBS, and Temasek have formed a new blockchain company named Partior to improve cross-border payments.

The post JPMorgan, DBS, and Temasek form new blockchain firm to improve cross-border payments appeared first on The Block.

Tokyo-based video game maker Nexon becomes the latest publicly listed technology firm that is allocating parts of its cash into bitcoin.

The post Publicly listed game maker Nexon allocates $100 million into buying bitcoin appeared first on The Block.

Visa CEO Al Kelly discussed the payments giant’s crypto ambitions during an earnings call on Tuesday, describing the firm as “extremely well-positioned” to do so. 

The post Visa CEO says payments giant is moving into crypto in a ‘very big way’ appeared first on The Block.

More than $10 million in funds were lost due to crypto-related business email compromise scams in 2020, the report finds.

The post FBI alert cites crypto’s growing use in business email compromise scams appeared first on The Block.

Quick Take

• Brian Brooks — former head of the Office of the Comptroller of the Currency and chief compliance officer of Coinbase — is joining crypto exchange Binance.US as CEO.
• The former regulator spoke with The Block about the major hurdles facing his new firm and how he plans to overcome them.

US Bank’s crypto and blockchain practice announces a flurry of new activity.

The post US Bank will launch crypto custody, pending compliance tests appeared first on The Block.