The funding round included participation from a group of investors and creators including Naval Ravikant, Mark Cuban, and 3LAU.
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Reuters reported Thursday that the government in the Pakistani province of Khyber Pakhtunkhwa is planning to build two cryptocurrency mines as part of a pilot program.
The post Provincial government in Pakistan plans hydro-powered crypto mining pilot program: report appeared first on The Block.
Vega Protocol, which is building a decentralized network for trading derivatives, has raised $5 million in a new funding round.
The post Decentralized derivatives protocol Vega raises $5 million from Coinbase Ventures and others appeared first on The Block.
Kentucky’s legislature has cleared a pair of proposed laws that collectively aim to attract cryptocurrency mining companies to the U.S. state.
The post Crypto mining tax, energy incentives sent to Kentucky’s governor for final approval appeared first on The Block.
Crypto security startup Fireblocks announced the completion of a Series C funding round on Thursday, raising a total of $133 million. A trio of firms led the Series C, according to Fireblocks: investment manager Coatue, the fintech-focused venture capital firm Ribbit and growth equity firm Stripes. In a reflection of Fireblocks’ bid to cater to […]
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Quick Take
- A summary of the flurry of structured crypto products being brought to market from traditional sell-side financial institutions
The United States General Services Administration (GSA) auctioned off 0.7501 Bitcoin at just over $9,000 above market price on Wednesday.
The post The U.S. government auctions off 0.7501 BTC for $9,000 above market price appeared first on The Block.
Quick Take
- China has convicted nearly 100 people since November 2020 for knowingly using USDT to launder over $30 million through OTC desks.
- The convictions are part of a broader crackdown on illegal internet-based money-making schemes — one that has had a chilling effect on China’s crypto OTC market.
Quick Take
- This research report is part of a new series produced by The Block Research to provide insights and due diligence on some of the leading companies in the digital asset ecosystem.
- Founded in 2012, Paxos is building a crypto infrastructure company targeted at institutional finance and tech companies
- All data presented in this report has been updated as of March 11, 2021
The new products are Basic Attention Token, Chainlink, Decentraland, Filecoin and Livepeer, according to Grayscale.
The post Grayscale adds five new crypto investment trusts including Chainlink and Filecoin appeared first on The Block.
