The Block News

A deep dive into Eth 2.0, scaling and a project that lets users buy the entire crypto market

On this episode of The Scoop, Ethereum 2.0 developer and Prysmatic Labs founder Preston Van Loon and Joe Sticco joined Frank Chaparro to discuss their project Cryptex. Already, the firm has lined up 500 users for its testnet, including a number of liquidity providers...

Marc Lasry and former CFTC chair Giancarlo invest in BlockTower Capital

BlockTower Capital, a crypto industry investment firm, has received investments from billionaire hedge funder Marc Lasry and J. Christopher Giancarlo, the former chairman of the Commodity Futures Trading Commission. The investments were reported by Bloomberg. With the...

Binance announces investment in crypto hedge fund Multicoin Capital

Crypto exchange giant Binance announced Tuesday an investment in Multicoin Capital. Multicoin is a hedge fund that invests in crypto startups. With the deal, Binance has now become a partner of the hedge fund. "This is the first investment we have made of this nature....

Ethereum now an option on Amazon’s managed blockchain service

Amazon Web Services (AWS), the cloud computing platform providing subsidiary out of the multinational technology company Amazon, announced today that Ethereum is now available on its Amazon Managed Blockchain service. AWS users can now set up Ethereum nodes and join...

Crypto tax startup TaxBit raises $100 million in round backed by PayPal, Bill Ackman and more

Utah-based crypto tax and accounting startup TaxBit has raised more than $100 million in a Series A round. First reported by Forbes, the round was led by investment companies Paradigm and Tiger Global, with participants including PayPal Ventures, Coinbase Ventures and...

State Street named fund administrator for VanEck’s proposed bitcoin ETF

Asset manager VanEck's proposed bitcoin ETF is still before the U.S. Securities and Exchange Commission. On Tuesday, State Street announced that it had been appointed to a crucial role should the ETF move forward. State Street would serve as fund administrator and...

Chinese state-owned capital is now indirectly backing a major bitcoin mining business

Quick Take 500.com’s recently acquired major bitcoin mining pool BTC.com. The firm’s pivot to mining appears to have started as early as March 2019, as it struggled to cope with China’s 2015 crackdown on online lotteries. The new mining business is also indirectly...

Broker TP ICAP mulls expanding its digital assets operation

TP ICAP, the London-based interdealer broker, is considering the expansion of its activities in crypto after growing interest from its institutional clients. The origins of the firm’s digital asset unit – which was first unveiled in June 2019 – lie in a working group...

Gensler tells Congress that cryptocurrencies ‘have been a catalyst for change’

Gary Gensler, the former CFTC chairman nominated to lead President Joe Biden's Securities and Exchange Commission (SEC), said Tuesday that cryptocurrencies “have been a catalyst for change.” His remarks followed a question about what Congress and the SEC can do to...

Derivatives DEX Kine raises $6 million in round led by Alex Pack, Naval Ravikant

The team behind Kine Protocol has raised $6 million in a funding round to launch a derivatives-focused decentralized exchange on Ethereum. The startup said Tuesday that leading investors in the round are Alexander Pack, former managing partner at Dragonfly Capital,...

Mapping out Solana’s ecosystem

Quick Take Solana is a blockchain platform designed for high throughput and decentralized applications Solana advocates argue that one of the benefits to its network is that it can scale without breaking composability or the need for sharding, whereas, with Ethereum,...

An Overview of Perpetual Swaps in DeFi

Quick Take Since their initial launch in 2016, perpetual swaps have exploded in popularity.  Protocols enabling perpetual swaps in DeFi have the potential to increase capital efficiency, improve market transparency, and enable permissionless market access. Providing...

Cboe files to list VanEck’s bitcoin ETF

Cboe Global Markets--the global equities exchange--filed a request with the Securities and Exchange Commission to list and trade shares of VanEck's bitcoin ETF. The firm's filing reignites VanEck's journey to launch an ETF tied to bitcoin in the US.  "Our filing...

February DEX volumes hit new high of nearly $73 billion

Decentralized exchanges (DEXs) ended the month of February with the highest monthly volume on record, according to data gathered by The Block.  February's monthly volume hit a new high of approximately $72.89 billion, increasing by $12 billion from January.  Uniswap...

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