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Proposed legislation in Kentucky would, if approved, make crypto mines in the state eligible for incentives awarded to clean-energy facilities.

The post Kentucky lawmaker proposes extending clean energy incentives to crypto miners appeared first on The Block.

A  post-meeting statement from the international regulatory body recapped plans for the coming year, including its dealings with digital asset standards.

The post FATF says it will release updated guidance for digital assets in June appeared first on The Block.

Coinbase hinted at a possible blockchain token in its newly unveiled S-1 filing.

The post Crypto exchange Coinbase hints at potential token issuance in its S-1 filing appeared first on The Block.

Quick Take

• Switzerland has made many advances in recent years to provide a comprehensive regulatory framework for digital assets.
• Recent legislative amendments continue to attract new businesses engaging in cryptocurrency activities.

The top three ethereum mining pools have all issued a stance on the EIP-1559 proposal that could reduce miners’ transactional revenues.

The post Ethereum’s biggest mining pools take opposing stances on EIP-1559 plan appeared first on The Block.

Quick Take

• Coinbase reported net income of ~$322 million in 2020 on total revenue of $1.28 billion
• About $1.1 billion (86%) of its revenue in 2020 came from transaction fees while the rest came from subscription services and other
• Coinbase has ~43 million registered retail users and ~7,000 institutional accounts with nearly 3 million monthly active transactors
• It stores a total of $90 billion in assets stored across both retail and institutional platforms
• Coinbase currently serves customers in over 100 countries with ~76% of customers in the United States and 24% in Europe

Rebecca Patterson,‎ director of investment research at Bridgewater Associates — the world’s largest hedge fund manager, has explained what could make the firm invest in bitcoin.

The post Bridgewater’s Patterson explains what could make the world’s largest hedge fund invest in bitcoin appeared first on The Block.

Bitcoin’s price has fallen below $45,000, marking a sharp drop of nearly 15% in the last 24 hours.

The post Bitcoin’s price falls below $45,000 appeared first on The Block.

An HM Treasury-ordered review of UK fintech has called for the introduction of a new UK regime for the regulation of crypto-assets.

The post HM Treasury’s UK fintech review calls for new crypto-assets regime appeared first on The Block.

Crypto exchange Kraken is reportedly seeking to raise new capital that would value itself at over $10 billion.

The post Kraken said to be raising new funding at over $10 billion valuation: report appeared first on The Block.