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Miami mayor wants to put some of the city’s treasury reserves into bitcoin

Miami mayor wants to put some of the city’s treasury reserves into bitcoin

Miami mayor Francis Suarez is considering putting some of the city’s treasury reserves into bitcoin (BTC). 

The post Miami mayor wants to put some of the city’s treasury reserves into bitcoin appeared first on The Block.

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EU Parliament Receives Petition Seeking to Establish Crypto Crime Victims’ Fund

The petition asks the EU to take a tiny fee on crypto transactions to be pooled into a fund for victims of fraud and hacks.

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DeFi Digest: WRAP LP and rollups

Quick Take

  • Disclaimer: The Block Research team has, is, and will be experimenting with the various protocols, projects, and applications mentioned in this series. The projects mentioned in our reports are not recommendations from our team and should not be misconstrued as investment advice. Many projects that appear in this series are highly experimental and, as such, will come with risks. Readers should evaluate their own risk tolerance before experimenting with these projects.
  • At the request of various The Block Research members, we are experimenting with a weekly digest that summarizes recently launched projects and applications that our research team found interesting.
  • This week’s digest looks at rollup migrations and WRAP LP

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Lido Protocol Does Eth 2.0 Staking but With a DeFi Twist

There’s a new yield farm for those backing Ethereum 2.0.

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Bakkt’s SPAC shows how frothy the crypto markets have become

Quick Take

  • Some market insiders think Bakkt’s ambitious SPAC reflects the frothiness of both the crypto and SPAC markets.
  • It could lead to a flurry of other SPACs across the crypto industry.

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Tether’s Bank Says It Invests Customer Funds in Bitcoin, Raising Questions About Possible Backing

Deltec, Tether’s Bahamas-based bank, announced Thursday it was investing customer funds in bitcoin. The announcement, made by Deltec Bank & Trust Chief Investment Officer Hugo Rogers during a year-in-review video, raises new questions about whether the dollar-pegged USDT stablecoin, which is in theory backed by cash and “cash equivalents,” as well as “other assets and […]

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Galaxy Digital Launches Proprietary Mining, Miner Financial Services

Galaxy has launched its proprietary mining and miner financial services operations.

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What Crypto Can Expect From Gary Gensler at the SEC

A ex-CFTC official on how Biden’s putative pick for SEC head might approach the office and the crypto-related issues before it.

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Bitcoin Miners Aren’t Responsible for Recent Price Dips, Data Shows

Analysts and mining pools say selling pressure from mining wallets hasn’t contributed to recent corrections in bitcoin’s price.

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Bitcoin Core’s Latest Release Is Out: Here’s What’s in It

Bitcoin Core, the original wallet and “full node” software for the Bitcoin network, received an update today.

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