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Utah-based crypto startup TaxBit has raised over $100 million in its Series A round, according to a Forbes report published on Tuesday. 

The post Crypto tax startup TaxBit raises $100 million in round backed by PayPal, Bill Ackman and more appeared first on The Block.

Asset manager VanEck’s proposed bitcoin ETF is still before the U.S. Securities and Exchange Commission. On Tuesday, State Street announced that it had been appointed to a crucial role should the ETF move forward. State Street would serve as fund administrator and transfer agent, according to a press statement. In this role, State Street will […]

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Quick Take

• 500.com’s recently acquired major bitcoin mining pool BTC.com.
• The firm’s pivot to mining appears to have started as early as March 2019, as it struggled to cope with China’s 2015 crackdown on online lotteries.
• The new mining business is also indirectly backed by a Chinese state-owned enterprise.

TP ICAP, the London-based interdealer broker, is planning to expand its activities in crypto after a surge in interest among clients.

The post Broker TP ICAP mulls expanding its digital assets operation appeared first on The Block.

Gary Gensler, the former CFTC chairman nominated to be President Joe Biden to lead the Securities and Exchange Commission (SEC), said Tuesday that cryptocurrencies “have been a catalyst for change.”

The post Gensler tells Congress that cryptocurrencies ‘have been a catalyst for change’ appeared first on The Block.

Kine Protocol has raised $6 million to launch a derivatives decentralized exchange on ethereum that touts a “CeFi-like trading experience.”

The post Derivatives DEX Kine raises $6 million in round led by Alex Pack, Naval Ravikant appeared first on The Block.

Evolve Funds, which won approval from regulators in Canada for its bitcoin exchange-traded fund (ETF) last month, filed on Monday for a product based on ether (ETH).

The post Evolve Funds files for ETH ETF weeks after scoring approval for bitcoin product appeared first on The Block.

Publicly-traded bitcoin mining firm Bitfarms has ordered 48,000 new machines to expand its hashrate.

The post Bitcoin mining firm Bitfarms orders 48,000 new machines to expand its hashrate appeared first on The Block.

At Ontology, we’ve spent the last 3 years realizing our vision for decentralized identity and data. While hard at work, we are developing products and protocols vital to the sustained growth of a decentralized ecosystem which not only prioritizes users, but also their identity and data.

The post Ontology, A Blockchain For Decentralized Identity And Data appeared first on The Block.

BCB Group, a London-based startup providing banking services to crypto firms, has raised $4.5 million in a strategic funding round.

The post Crypto banking services provider BCB Group raises $4.5 million in new funding appeared first on The Block.