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LocalBitcoins shuts down after a decade in operation

theblock.co Peer-to-peer bitcoin trading service LocalBitcoins is closing down after a decade in operation. "Regardless of our efforts to overcome challenges during the ongoing very…

MetaMask adds Onramp.money to streamline crypto purchases in India

theblock.co MetaMask has integrated with Onramp.money, an Indian provider of crypto-to-fiat on-ramp services. The integration will allow Indian users to purchase cryptocurrency directly…

AltLayer opens up testing of disposable rollup solution to 100 developers

theblock.co AltLayer is moving closer to a full launch, with a new round of testing set to get underway. The project is letting 100 developers try out the no-code rollup solution to…

Tether reports $700 million Q4 net profit in latest attestation report

theblock.co Stablecoin issuer Tether released its latest attestation report on Thursday, reporting a profit of $700 million in the fourth quarter of 2022, which it reinvested into its…

Celsius’ extension request denied by US trustee and creditors as cash burn continues

theblock.co Several parties have objected to bankrupt crypto lender Celsius's motion to extend its timeline for filing a Chapter 11 restructuring plan once again. The crypto lender,…

Venture capital expected to see more regulatory scrutiny after FTX

theblock.co Throughout 2022 multiple crypto firms filed for bankruptcy. Then came FTX. The Commodity Futures Trading Commission's Christy Goldsmith Romero spoke about a "trust deficit"…

Value locked in Rocketpool doubles in two months, rises to $1 billion

theblock.co The value locked in Ethereum liquid staking protocol Rocketpool reached $1 billion, as it seeks to capture more of the liquid staking market. The majority of this value,…

Paxos attempts to quash speculation of trouble with the OCC

theblock.co Stablecoin issuer Paxos attempted to clear up rumors of trouble with the U.S. Office of the Comptroller of the Currency (OCC) late Wednesday, insisting its application for a…

Bitcoin miner Argo Blockchain’s CEO Peter Wall steps down

theblock.co Peter Wall is stepping down as CEO and interim chairman of Argo Blockchain to "pursue other opportunities." He will hand over the reins to COO Seif El-Bakly in the interim,…

Coinbase's Armstrong says staking restrictions would be 'terrible path for the U.S.'

theblock.co Coinbase CEO Brian Armstrong used a Twitter thread to warn about what he said would be a "terrible path" for the U.S. if it were to restrict crypto staking in the country.…

Coinbase’s Armstrong says staking restrictions would be ‘terrible path for the U.S.’

theblock.co Coinbase CEO Brian Armstrong used a Twitter thread to warn about what he said would be a "terrible path" for the U.S. if it were to restrict crypto staking in the country.…

Crypto Twitter pokes fun at Twitter, on Twitter, amid reports of problems

theblock.co Crypto Twitter took to the social network on Wednesday afternoon to poke fun at the service run by Elon Musk amid reports of an outage that left some users unable to tweet.…

CFTC can take steps now to protect crypto customers: Johnson

theblock.co The Commodity Futures Trading Commission’s Kristin Johnson said the agency should consider steps it can take under its current regulatory authority to protect customers…

Robinhood’s crypto trading revenue dips 24% in Q4, along with most everything else

theblock.co Robinhood saw transaction revenue fall in the fourth quarter from the previous period, including a 24% decline in cryptocurrencies, while a slew of other numbers also took a…

Consello Digital names Citigroup alum Itay Tuchman as CEO

theblock.co Consello Digital tapped a “key architect” of Citigroup’s digital asset strategy to serve as its new CEO, with the firm announcing the appointment of Itay Tuchman on…

Bitcoin mining report: Feb. 8

theblock.co Bitcoin mining stocks tracked by The Block were mostly lower on Wednesday, with three gaining and the other 16 declining. Bitcoin fell 1.6% to $22,843 by market close. Here…

a16z crypto taps Eddy Lazzarin as new chief tech officer

theblock.co A16z crypto said Wednesday that it promoted Eddy Lazzarin to chief technology officer to oversee research and security teams at the venture capital fund. “It takes a truly…

Microsoft, Google chatbot frenzy prompts rally in AI, big data tokens

theblock.co and big data tokens are rallying amid the sudden fascination with AI chatbots. Google is promoting its Bard bot, while Microsoft relaunched its Bing search engine with…

MetaBirkins maker Rothschild blasts Hermes after NFT trademark decision

theblock.co MetaBirkins creator Mason Rothschild didn’t mince words when speaking out after a Manhattan federal jury ruled that the NFT artist had violated the trademark rights of the…

Paradigm shift as crypto VC firm names general partners for first time

theblock.co Crypto investment firm Paradigm, one of most established and active players in the space, named general partners for the first time with the promotion of Charlie Noyes and…

Jury favors Hermes in MetaBirkin trademark dispute, says NFTs are not art

theblock.co Luxury handbag maker Hermes won in court against the artist producing an NFT dupe of its flagship trademark Birkin. A nine-person jury in New York returned the verdict on…

Bitcoin steady around $23,000 as ether moves higher; equites in the red

theblock.co Bitcoin was hovering around $23,000 as ether gained. The Sandbox token jumped on news of metaverse partnership talks with Saudi Arabia. Equities slipped. The leading…

Aptos Labs backs web3 TikTok rival Chingari

theblock.co Aptos Labs is attempting to make its mark in web3 social media with an equity investment in short video app Chingari. Chingari is an on-chain social media app that was…

Bankrupt crypto giant FTX racks up millions in legal and consulting bills

theblock.co Going broke isn't cheap. Troubled crypto exchange FTX and its affiliated companies racked up more than $20 million in legal and consulting bills during the first several…

Trezor’s new CEO looks to freshen wallet lineup while keeping ‘conservative’ strategy

theblock.co Matej Zak, the new CEO of crypto wallet maker Trezor, is looking to draw on his product background as he seeks to add "very usable" models to its lineup. Zak joined the…

VRRB Labs raises pre-seed round at $20 million valuation as it builds its own Layer 1

theblock.co VRRB (pronounced "verb") Labs, a Miami-based crypto startup that is developing a Layer 1 blockchain network, raised $1.4 million in a pre-seed funding round. Investors in…

SAND token jumps over 20% following metaverse discussions with Saudi Arabia

theblock.co The Sandbox token price continues to soar after the metaverse game platform revealed discussions of a partnership with Saudi Arabia. [caption id="attachment_209645"…

BAYC cracks down on Dookey Dash cheaters as finale approaches

theblock.co Blockbuster NFT collection Bored Ape Yacht Club is cracking down on cheaters playing its gamified mint Dookey Dash, as contestants look to the finish line later today. "We…

Argo Blockchain mined 14% more bitcoin in January than December

theblock.co Argo Blockchain's bitcoin mining production increased 14% in January, producing 168 BTC, compared to 147 BTC in December 2022. "The increase in BTC mined was primarily due…

Kyle Davies has ‘chosen to ignore his duties’ to 3AC after rare Twitter subpoena

theblock.co Kyle Davies, the co-founder of collapsed crypto hedge fund Three Arrows Capital (3AC), is still stonewalling efforts by the firm's liquidators to contact him, according to a…

‘Crypto-assets’ on SEC’s 2023 to-do list

theblock.co The Securities and Exchange Commission's Division of Examinations named "crypto-assets" and other emerging technologies as a top priority for this year. "The division will…

Chorus One brings MEV protocol to Solana

theblock.co The Solana blockchain may see a new open-source approach to maximal extracted value (MEV), according to a white paper produced by blockchain protocol architect, Chorus One.…

Bitcoin mining report: Feb. 7

theblock.co Bitcoin mining stocks tracked by The Block were mostly lower on Tuesday, with seven gaining and the other 12 declining. Bitcoin rose 1% to $23,234 by market close. Here is a…

Saudi Arabia, The Sandbox agree to collaborate on metaverse projects

theblock.co Metaverse gaming platform The Sandbox and Saudi Arabia have come to an understanding of some sort. Details were not provided. Sandbox co-founder and COO Sebastien Borget…

Bankman-Fried appeals judge’s decision to reveal bond co-signers

theblock.co Sam Bankman-Fried is fighting to keep the names of the two people who co-signed his bond a secret. The former FTX CEO appealed a judge’s decision to unseal the names of the…

Bitcoin, ether retrench after rising with traditional markets on Fed Chair comments

theblock.co Cryptocurrencies rose alongside traditional markets in response to comments delivered by Federal Reserve Chair Jerome Powell at The Economic Club in Washington before…

Kraken’s team is flush with IPO talent, even if it’s not quite the right time

theblock.co Kraken is filling its C-suite with seasoned executives experienced in taking companies public even as the crypto and initial public offering markets are struggling through…

Judge denies Bankman-Fried’s bail modification ahead of Thursday hearing

theblock.co A U.S. District judge rejected Sam Bankman-Fried’s request to modify his bail terms and cancel a Thursday hearing on the issue, according to court documents filed on…

NFT index token launched by Cryptex Finance

theblock.co Cross-chain DeFi provider Cryptex Finance today will launch its JPEGz token, an index token based on the market capitalization of some of the hottest NFT collections, the…

Bitcoin miner Stronghold pushes back debt payments on $54.9 million loan

theblock.co Bitcoin miner Stronghold restructured its $54.9 million loan with WhiteHawk Finance and signed a two-year hosting deal with Foundry. The miner was able to push back any…

Crypto markets tread water ahead of Fed speech

theblock.co Cryptocurrency prices were little change alongside other risk assets ahead of Federal Reserve Chair Jerome Powell's speech this afternoon at the Economic Club of Washington.…

Former Coinbase product manager pleads guilty to criminal charges in landmark case

theblock.co A former Coinbase product manager pleaded guilty on Tuesday to wire fraud charges in a criminal case brought against him. The Justice Department indicted Ishan Wahi in July,…

Lido presents plan for Version 2, adding staking withdrawals and more

theblock.co Lido Finance finished the design for the second version of its protocol, which will bring in support for Ethereum staking withdrawals post-Shanghai and rework the Staking…

UK’s Bank of England launches digital pound project as ‘new form’ of money

theblock.co The Bank of England, the UK's central bank, launched its long-awaited digital pound project, pitching the potential to create a new payment system and form of money. The…

Tech giant Dell joins Hedera’s governing council

theblock.co Technology giant Dell will join the likes of Google, FIS and Abrdn on the governing council of the enterprise network Hedera, a distributed ledger technology that uses a…

Turkish rock star and charity establish crypto donation wallet for earthquake support

theblock.co The crypto community is stepping up to help victims of the tragic natural disaster in Turkey by opening a multisig wallet on BNB Chain for earthquake support. So far, over…

Bitcoin miners Hut 8 and US Bitcoin merge to form new US-based entity

theblock.co Bitcoin miners Hut 8 and US Bitcoin (USBTC) are merging to form a new company called Hut 8 Corp, which will be based in the United States. Hut will have a total self-mining…

ENS DAO votes to sell $16.5 million of ETH for USDC via CoW Swap

theblock.co DAO delegates have voted to sell 10,000 ether ($16.5 million) from the DAO’s treasury to fund the project’s activities for the next 18 to 24 months. The vote ended with 89%…

MMA bruiser Jon Jones gets cuddly with cute panda NFTs

theblock.co Looks like UFC fighter Jon Jones isn’t afraid to get into the octagon with some pandas. With about a month to go before his heavyweight title fight, Jones, a famous…

DEX aggregator CoW Swap falls victim to $180,000 hack

theblock.co Decentralized exchange aggregator CoW Swap suffered a major hack, with the attacker making off with over $180,000 in funds, according to security firms PeckShield and…

File-sharing heavyweight WeTransfer dips toe in NFT waters

theblock.co File hosting giant WeTransfer and blockchain platform Minima will begin rolling out an NFT minting service in March. The NFTs will be offered through a secure peer-to-peer…

Genesis, Gemini and DCG reach agreement in bankruptcy court

theblock.co Genesis, its parent Digital Currency Group, Gemini and other creditors have reached a bankruptcy agreement to recover assets. Sean O’Neal, a lawyer representing the debtors,…

Former Coinbase manager seeks to dismiss watershed insider trading case

theblock.co Lawyers are asking a judge to dismiss a case against their client, a former Coinbase manager and his brother, arguing that the tokens involved are not securities. In an…

UK government and central bank tease CBDC consultation

theblock.co The UK’s Treasury and the Bank of England are preparing the groundwork for a potential central bank digital currency to launch this decade, with a report on the issue to be…

Bitcoin mining report: Feb. 6

theblock.co Bitcoin mining stocks tracked by The Block were mostly lower on Monday, with six gaining and the other 13 declining. Bitcoin rose 0.5% to $22,994 by market close. Here is a…

Binance to temporarily suspend USD transfers on Feb. 8

theblock.co Binance said Monday that it would temporarily halt U.S. dollar transfers on Feb. 8, a move the company claims would only affect a "small proportion" of its users. “It is…

Judge delays FTX examiner ruling in hopes of ‘consensual resolution’

theblock.co A federal bankruptcy court judge in Delaware did not rule on whether to appoint an examiner in FTX’s enormous bankruptcy case, and instead will allow lawyers to discuss a…

DCG and Genesis branches agree on a restructuring plan: CoinDesk

theblock.co Digital Currency Group and Genesis subsidiaries have reached an initial agreement on a restructuring plan with a group of the firm’s main creditors, according to CoinDesk.…

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