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Quick Take

• For the past half-year, the Bahamas has been rolling out the world’s first functional central bank digital currency, but the process has been uneven.
• Near the end of March, the government stepped up its efforts to get the Sand Dollar in use. 
• The Block decided to try out the Sand Dollar for ourselves.

Founder and CEO Pavel Durov says he wants Telegram “to become a financially sustainable project”

The post After failed token sale and $1B bond offering, Telegram is reportedly eyeing an IPO appeared first on The Block.

US concerns over a Chinese central bank digital currency return under the Biden administration.

The post Biden officials fret about digital yuan’s threat to dollar’s dominance: report appeared first on The Block.

Dante Disparte has been hired by Circle to serve as its chief strategy officer and head of global policy. Circle CEO Jeremy Allaire outlined the hire in a blog post Monday, writing that Disparte “will help drive global strategy for Circle, and manage and lead our global initiatives to help shape policy and engage and […]

The post Circle taps Diem’s Dante Disparte to serve as chief strategy officer appeared first on The Block.

The Galaxy filing joins a number of other submissions, including NYDIG, Fidelity and First Trust SkyBridge.

The post Galaxy Digital becomes latest firm to file for a bitcoin ETF appeared first on The Block.

Nasdaq-listed business analytics company MicroStrategy now pays its board of directors in bitcoin.

The post MicroStrategy now pays its board of directors in bitcoin appeared first on The Block.

Russia-based BitRiver has launched an ERC-20 token to pre-sell $35 million worth-of electricity capacity on its bitcoin mining farms.

The post Bitcoin mining hosting firm BitRiver issues energy-backed tokens to raise $35 million appeared first on The Block.

The Hangzhou-based ,manufacturer estimates its Q1 revenue to be over $61 million. That is close to what it made for the year of 2020.

The post Bitcoin miner maker Canaan reports $68 million in 2020 revenue appeared first on The Block.

Crypto exchange Binance has ventured into the space of tokenized stock trading, starting with the Tesla stock token.

The post Binance launches tokenized stock trading, starts with Tesla appeared first on The Block.

The deals were enough to push the average deal size from $5.7 million in 2020 to $12.7 million in the first few months of 2021. 

The post There have already been twice as many large-scale crypto VC deals in 2021 than there were in 2020 appeared first on The Block.