Category: social

Acala Hints Core Products Rollout Following Official Launch on Polkadot

Following its successful launch on the Polkadot Mainnet this week, Acala, an Ethereum-compatible DeFi protocol for scaling dApps, has revealed what lies ahead for the project. Acala’s Core Products Coming Soon The Acala team noted in an official press release seen by CryptoPotato that it intends to begin launching all of its core products soon. […]

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A look back at social media growth of crypto trends

A look back at social media growth of crypto trends

Quick Take The Block Research reviews social media metrics for the three biggest hype cycles of 2021 We researched Twitter, Reddit, and Wikipedia to assess the degree of engagement around major Layer-1 blockchains, NFTs, and meme coins This research piece is available to members of The Block Genesis. You can continue reading this Genesis research […]

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Another American Bank Partners with NYDIG to Offer Bitcoin to Customers

Customers of U.S. financial service provider Five Star Bank will soon be able to securely buy and invest in bitcoin (BTC) directly from their bank accounts thanks to a partnership with NYDIG. Five Star Bank to Offer Bitcoin Trading Services New York Digital Investment Group (NYDIG) has struck a partnership with American-based Five Star Bank […]

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What Are CryptoPunks and Why Are They So Expensive?

What Are CryptoPunks and Why Are They So Expensive?

Non-fungible tokens (NFTs) became a huge trend in the crypto industry throughout 2021. The demand for unique, rare, and scarce tokenized items continues to shoot through the roof at the time of this writing in January 2022. Artists, celebrities, and creators are launching different NFT projects to satisfy the insatiable cravings for the new asset […]

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Crypto Infrastructure Company Blockdaemon Raised $207M From Tiger Capital and SoftBank

The blockchain infrastructure firm – Blockdaemon – raised $207 million in a Series C funding round led by Tiger Capital and Sapphire. Following the investment, the company increased its post-money valuation at $3.25 billion. Blockdaemon’s Expansion The California-based organization finished 2021 on a positive net income trend and recently hired 150 full-time employees – mainly […]

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Fireblocks Valued at $8 Billion Following a $550 Million Fundraiser

The leading cryptocurrency custodian – Fireblocks – closed a $550 million Series E venture capital round, co-led by Spark Capital, D1 Capital Partners, General Atlantic, Mammoth, and other investors. The financing boosted the company’s valuation to a whopping $8 billion. The Newest Fundraise Despite the ongoing correction in the cryptocurrency market, the New York-based blockchain […]

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Long-Term Holders and Whales Continue Accumulating Despite the Bitcoin Crash (Research)

Long-Term Holders and Whales Continue Accumulating Despite the Bitcoin Crash (Research)

Crypto markets experienced the sharpest drops since July of 2021, correcting as much as 52%. While the macro bear scenario is still very much in play, some critical on-chain indicators are showing how long-term investors remain unfazed by this news, and whales continue to accumulate. Bitcoin’s Ownership Through the Dip The data from IntoTheBlock classifies […]

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Bybit Contributes $134 Million to BitDAO to Support DeFi Growth

Singapore-based crypto exchange, Bybit, has recently contributed a whopping $134 million worth of ETH, USDT, and USDC to BitDAO’s treasury. Supporting dApp Builders The exchange describes BitDAO as one of the largest decentralized autonomous organizations (DAOs) in the industry. It aims to support dApp builders and lower the entry barriers into the decentralized economy. BitDAO […]

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