The Block News

Germany’s World Wildlife Fund to sell NFTs to raise money for endangered species

Germany’s World Wildlife Fund (WWF) announced today it will release an NFT collection to raise money for protecting endangered animals and their habitats. The NFT artists tapped to create the art for the collection, which will feature endangered animals and is called...

Associated Press partners with Chainlink to put its journalistic information on blockchain

The independent news organization The Associated Press (AP) announced Thursday that it has partnered with the decentralized blockchain oracle network Chainlink to put its journalism on a blockchain.  The move is designed to help developers writing blockchain-based...

Binance.US blames bitcoin flash crash to $8,200 on a bug in a client’s trading algorithm

Earlier today, the price of bitcoin suffered a flash crash to $8,200 on crypto exchange Binance.US — falling 88% in a matter of seconds. In an email to The Block, Binance.US said the flash crash was tied to a bug in the trading software of one of its clients. "One of...

FATF has finalized its crypto guidance and plans release next week

The global anti-money laundering watchdog has finalized its crypto guidance — but it won't be published until next week.  Financial Action Task Force (FATF) President Marcus Pleyer reiterated in a press conference today that the guidance itself has not amended any...

Startup powering Sotheby’s Metaverse raises $20 million in funding

Mojito, the startup supporting Sotheby’s Metaverse, announced Thursday that it raised $20 million in its first funding round, bringing its total valuation to $100 million.  Future Perfect Ventures led the round, with participation from Moore Strategic Ventures, CMT...

NFT startup Candy Digital raises $100 million in Series A round

Sports-focused collectible NFT firm Candy Digital raised $100 million in a Series A financing round, bringing its value to $1.5 billion.  Insight Partners and Softbank Vision Fund 2 co-led the funding round, according to an Oct. 21 press release. Additional...

The Economist magazine plans to sell its DeFi front cover as an NFT

The Economist, the venerable British magazine, has announced a plan to auction off the front cover of its September 18 edition as a non-fungible token (or NFT). The cover — which parodied a scene from Alice in Wonderland by placing Alice and the white rabbit on the...

Solana-based asset management platform Synchrony raises $4.2 million

Synchrony Finance, a Solana-based asset management protocol, has raised $4.2 million in strategic funding. The funding was secured in two rounds — seed and private — and both were via Simple Agreement for Future Tokens (SAFT) sales, Synchrony co-founder Andrew Fraser...

Bitcoin futures open interest returns to all-time high levels, data shows

The aggregated open interest for Bitcoin futures across major exchanges has returned to all-time high levels, according to data on Bybt. As of press time, the total open interest for Bitcoin futures is at $27.2 billion, just shy of the $27.38 billion recorded in...

Solana-based play-to-earn NFT game MonkeyBall raises $3 million

MonkeyBall, a crypto startup building a play-to-earn NFT game based on Solana, has raised $3 million in a seed funding round. The round saw participation from several investors, including Jump Capital, CMS Holdings, Solana Capital, 6th Man Ventures, and NFX, among...

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