The Block News

‘Crypto Twitter’ donates $800,000 in cryptocurrency to child who had leukemia

Well-known personalities in the crypto space and hundreds of their followers have donated more than $800,000 in cryptocurrency to a child, known as J.O., who recently overcame leukemia. The donations were sent in a matter of hours this morning. A day prior, the...

Greenidge Generation announces plan to offset its bitcoin mining emissions

The hybrid bitcoin miner and power plant Greenidge Generation Holdings says it will buy carbon offsets in an effort to become carbon neutral starting June 1. The company also said it will redirect some of its profits into renewable energy initiatives, according to a...

What the heck are tokenized stocks? And are they securities?

Quick Take Tokenized versions of shares in publicly listed companies have become popular products on a few crypto exchanges. How do they work? And why are regulators concerned about them? This feature story is available to subscribers of The Block Daily. You can...

What do the Fed’s draft standards for vetting ‘novel institutions’ mean for crypto banks?

Earlier this month, the U.S. Federal Reserve put out a set of proposed new standards for appraising "novel institutions" that want access to the Fed's payments and accounts services. For now, the guidance is just a proposal and has not yet taken effect. It will be...

‘Nowhere near a top’: Framework’s Vance Spencer on institutional adoption and the memecoin mania

In Vance Spencer's view, the market is completely undercounting the amount of capital that's about to move into the crypto world from institutional investor circles.  The co-founder of the $1 billion-plus investment firm Framework Ventures would have a good sense of...

Microsoft is closing down its Azure Blockchain Service in September

Software giant Microsoft said this week that it will close down its long-running blockchain-as-a-service offering in September. "On September 10, 2021, Azure Blockchain will be retired. Please migrate ledger data from Azure Blockchain Service to an alternative...

Crypto firm Delphi Digital launches ‘on-chain’ NFT fund

Crypto research and venture firm Delphi Digital has launched an "on-chain" fund to invest in non-fungible token (NFT) projects. The fund, dubbed Delphi InfiNFT, is based on the decentralized investing protocol Syndicate. O-chain means it is built using smart contracts...

FTX.US hires former Citadel Securities exec to ‘massively scale’ its crypto exchange

Cryptocurrency exchange operator FTX.US has hired former Citadel Securities executive Brett Harrison as its first president. Harrison will be in charge of helping FTX.US "massively scale out," FTX.US CEO Sam Bankman-Fried said in a statement Thursday. Harrison's...

Ruler Protocol: a non-liquidatable lending market

Quick Take Ruler Protocol offers over-collateralized loans that cannot be liquidated as long as borrowers pay back on time Loans have fixed interest rates that are determined solely by demand and supply Lending pairs are segregated such that a collapse in one...

Coinbase says it will support more assets, including DOGE, after strong Q1 earnings

Coinbase published its Q1 2021 earnings today, which showed that the exchange hit the targets it set in its estimated results this March. According to its investor letter, Coinbase saw strong results thanks to its public debut and the ongoing growth of the crypto...

Ruler Protocol: a non-liquidatable lending market

Quick Take Ruler Protocol offers over-collateralized loans that cannot be liquidated as long as borrowers pay back on time Loans have fixed interest rates that are determined solely by demand and supply Lending pairs are segregated such that a collapse in one...

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