Category: Infrastructure

Coinbase to acquire Bison Trails to compete in the market for infrastructure as a service

Coinbase to acquire Bison Trails to compete in the market for infrastructure as a service

Coinbase is acquiring crypto infrastructure provider Bison Trails in a move that the San Francisco-based exchange-operator says will help it expand into an unsexy but growing corner of the crypto market: infrastructure as a service. Coinbase did not respond to questions pertaining to the financials of the deal, whose transaction value has been speculated to […]

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Fiat Freeway: The OCC addresses the use of Stablecoins for Payment Activities

Fiat Freeway: The OCC addresses the use of Stablecoins for Payment Activities

Quick Take ‘Fiat Freeway’ is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and stablecoins.  This week’s column examines the most recent interpretive letter on digital assets from the U.S. Office of the Comptroller of the Currency’s (OCC). This research piece is available to members of The Block Genesis. You […]

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The Unreasonable Effectiveness of Inefficient Markets in Crypto

The Unreasonable Effectiveness of Inefficient Markets in Crypto

Tarun Chitra is the founder and CEO of Gauntlet.Network. While 2020 was a challenging year for most parts of the world economy, crypto somehow struck a different path. The past year has seen dramatic growth, generational change, and elderly institutional players enter crypto. There were halvenings, a mini-ICO boom, a deluge of institutional funds, and […]

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Two of the largest trading desks in crypto have alerted clients that they will stop making markets in XRP

Two of the largest trading desks in crypto have alerted clients that they will stop making markets in XRP

Jump Trading, the secretive Chicago-based high-frequency trader, and Mike Novogratz’s Galaxy Digital have stopped making markets in XRP after the Securities and Exchange Commission filed a lawsuit against Ripple, according to sources. Jump Trading is one of the most active firms in the crypto market and is known for providing liquidity to exchanges. The firm […]

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Switzerland’s central bank will expand digital currency trials to include commercial banks

Switzerland’s central bank will expand digital currency trials to include commercial banks

Quick Take The Swiss National Bank and the operator of the Swiss stock exchange are looking to test a wholesale CBDC with commercial banks. Swiss central banker Thomas Moser said SDX will initially go live with a stablecoin backed by its own reserves. This feature story is available to subscribers of The Block Daily. You […]

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B2C2’s Maxime Boonen on SBI deal: ‘There is no excuse for institutions now’

B2C2’s Maxime Boonen on SBI deal: ‘There is no excuse for institutions now’

Quick Take Max Boonen hopes the acquisition will allow financial institutions to “tick the credit box” and start trading cryptocurrencies. The cash transaction leaves Boonen and co-founder Molendini as the only remaining shareholders apart from SBI Financial Services. B2c2’s employees will be subsumed by SBI, and the firm will continue to hire for its digital […]

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Cboe’s latest data deal lays the foundation for a wide range of new crypto market products

Cboe’s latest data deal lays the foundation for a wide range of new crypto market products

Derivatives exchange operator Cboe Global Markets is preparing to launch crypto indexes after inking a partnership with trading software firm CoinRoutes.  The partnership provides Cboe with exclusive rights over the CoinRoutes RealPrice Best-Bid-Offer (BBO), which offers real-time crypto price data aggregated across several trading venues. Cboe plans to use the data to launch indexes tied to […]

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Balaji Srinivasan, Gitcoin co-founder back $750K seed round for decentralized notification system on Ethereum

Balaji Srinivasan, Gitcoin co-founder back $750K seed round for decentralized notification system on Ethereum

The team behind a decentralized notification protocol Ethereum Push Notification Service (EPNS) has raised $750,000 at a valuation of $5 million, the startup announced on Tuesday.  The India-based service received backing from several investors in the web3 ecosystem,  including former Coinbase CTO Balaji Srinivasan, former head of smart contracts at MakerDAO Mariano Conti and Gitcoin […]

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Mapping out CoinFund’s portfolio

Mapping out CoinFund’s portfolio

Quick Take Founded in 2015 by Jake Brukhman, CoinFund is a blockchain-focused investment fund based in Brooklyn, New York The most popular categories that make up the fund’s portfolio include Infrastructure, DeFi, and Trading & Exchanges In total, the firm has deployed its capital into at least 37 startups and protocols across 9 verticals, which […]

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Fiat Freeway: Norges Bank studies CBDC’s effect on ‘Safe Asset’ Funding

Fiat Freeway: Norges Bank studies CBDC’s effect on ‘Safe Asset’ Funding

Quick Take ‘Fiat Freeway’ is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and Stablecoins.  Pieces thus far have focused on the ECB’s ‘digital euro’ initiative and the Fed’s classification of CBDC literature to date.  This week’s column starts with an overview of Norges Bank’s third CBDC report, which considers […]

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