The Block News

Bitcoin, Ethereum hash rate starts recovering as Chinese miners redeploy overseas

The hashing power securing the world's two largest blockchains is on track of a slow recovery, as some Chinese miners have gradually completed their relocation after the crackdown. Based on The Block's Dashboard, the seven-day moving average of Bitcoin's hash rate has...

Robinhood sets IPO price at lower end targeting $2 billion raise

Stock and crypto brokerage trading app Robinhood has set its initial public offering price at $38, valuing itself at around $32 billion. Announcing the pricing on July 28, Robinhood said the net proceeds from the public offering will be about $1.89 billion. It...

White House says crypto tax enforcement will help pay for bipartisan infrastructure deal

A months-in-the-making infrastructure bill in the U.S. Senate will be partially paid for by enhanced tax enforcement of cryptocurrency, the White House said Wednesday. Though the final text of the deal — said to be struck Wednesday after a long period of at-times...

New staking products and meetings with Uniswap: behind the scenes at Robinhood Crypto

There's a lot going on inside Robinhood's dedicated crypto business unit: the development of new lending and staking products and meetings with Uniswap to start.  That's not surprising, given the sizeable role crypto has played in Robinhood's bottom line. In a...

A close look at Aave’s plan to build a protocol for decentralized social media

Quick Take DeFi lending company Aave is working on a protocol for decentralized social media. The company has had more than half of its team working on it since the beginning of the year. Here’s how the protocol will work. This feature story is available to...

Anchorage chosen to handle digital assets seized by US Marshals Service

The US Marshals Service's search for a digital asset custodian has come to an end, with industry startup Anchorage announcing that it has been chosen as the agency's contractor.  The USMS search for a custodian dates back to 2019, when it first began gathering...

Uniswap creator, Paradigm devs are building a way to improve large Ethereum trades in DeFi

Uniswap creator Hayden Adams and two Paradigm developers, Dave White and Dan Robinson, are building a market making system for executing large trades on Ethereum.  Uniswap is Ethereum’s biggest decentralized exchange (DEX) while Paradigm is a crypto asset investing...

The State of the Digital Assets Data and Infrastructure Landscape, 2021

Companies featured in this report are among those economic agents that use computing infrastructure and data science services to aggregate, cleanse, organize and analyze raw data sources, transforming their emissions into strategic resources for clients seeking to...

NYDIG is unleashing bitcoin financial products onto thousands of regional banks

  Access to bitcoin was once a case where “no one wants to be first, but everyone wants to be second”. Now, New York Digital Investment Group, or NYDIG, won’t stop until it’s able to put bitcoin within reach of every American. Patrick Sells, Head of Bank Solutions at...

Coca-Cola creates its first collection of brand-inspired NFTs

Can't find a personalized Coca-Cola bottle with your name on it? Maybe you'll score a customized digital wearable instead.  Coca-Cola has partnered with digital art and avatar company Tafi to launch its first collection of NFTs, or non-fungible tokens. NFTs are unique...

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