The Block News

Genesis Trading’s chief technology officer departs firm

Genesis Trading's chief technology officer Pat DeFrancesco is no longer with the cryptocurrency trading and lending firm, according to a source familiar with the move.  DeFrancesco, a veteran of the trading technology world, joined the firm in June 2019. He previously...

Twitter names Parag Agrawal CEO as Jack Dorsey steps down

Twitter has named Parag Agrawal as CEO as Jack Dorsey steps down, according to an announcement today. Agrawal was formerly the CTO of Twitter and has worked for the company for 10 years. "I've decided to leave Twitter because I believe the company is ready to move on...

Former Wall Street banker launches $1.5 billion crypto venture fund

Former Citigroup executive Matt Zhang has launched a $1.5 billion crypto venture fund called Hivemind Capital Partners, according to an announcement on Monday. Hivemind, a new crypto investment outfit based out of New York will focus on four strategies — yield...

[SPONSORED] CurioNFT & SERJ TANKIAN BRINGS A NEW EXHIBITION, “NOT FOR TOUCHING – THE INTANGIBLE COMPOSITION,” ONLINE

Serj Tankian, the GRAMMY® Award-winning musician, activist and painter, has brought his latest art exhibition, “Not For Touching – The Intangible Composition,” online with a unique mix of the virtual and terrestrial via a collection of animated NFTs and archival...

Popular Ethereum mixer Tornado Cash is ready to integrate with Arbitrum

Tornado Cash, a popular Ethereum transaction mixing protocol, is ready to integrate the Layer 2 network Arbitrum. "The protocol's smart contracts are all set and ready to spin on Arbitrum. They just need help from the community to get deployed & fly with their own...

MicroStrategy buys more bitcoin for over $414 million in cash

Software company MicroStrategy announced Monday that it had bought an additional 7,002 bitcoins for around $414.4 million in cash. The company bought these bitcoins at an average purchase price of $59,187 per coin. It purchased these bitcoins as part of its...

SK Telecom spinoff acquires 35% stake in South Korean crypto exchange giant Korbit

SK Square, a non-telecoms investment subsidiary of South Korea’s largest wireless carrier Sk Telecom, has invested 90 billion won (about $75 million) in crypto exchange platform Korbit. According to a statement from the company quoted by Korea JoongAng Daily, SK...

Cloud banking startup Thought Machine closes $200 million round, led by Nyca Partners 

Thought Machine has raised $200 million to help banks move into the cloud age, according to a statement. Thought Machine plans to use the extra cash to expand globally, especially in Asia, with its eyes on Malaysia and Japan. Founded in 2014 by former Google employee...

Bank of France official: Existing regulatory frameworks ‘constrained’ by DeFi characteristics

A senior official for France's central bank said earlier this month that regulators in Europe need to more directly supervise decentralized finance (DeFi). In a speech from November 19 that was published Sunday by the Bank of International Settlements, Denis Beau,...

Decentralized exchanges near $100 billion in monthly volume for November

Monthly data for decentralized exchanges (DEXs) indicates that the ecosystem has seen nearly $100 billion in volume for the month of November. According to The Block's Data Dashboard, the total for November is approximately $99.5 billion as of November 28. Monthly...

Crypto data firm DappRadar set to launch its own token

DappRadar, a crypto startup that provides data to analyze decentralized applications (dapps), is set to launch its own native token called radar. Announcing the news on Thursday, Lithuania-based DappRadar said the token will help it decentralize its business in the...

Play-to-Earn gaming guilds

Quick Take The play-to-earn (P2E) model reshapes the gaming industry by transforming the conventional one-way interaction between players and the game into a two-way relationship. The proliferation of P2E guilds is paving the way for the eSports industry’s future...

Pin It on Pinterest