Category: The Block

DefiDollar scores $1.2 million in new funding to build a USD token backed by a stablecoin index

DefiDollar scores $1.2 million in new funding to build a USD token backed by a stablecoin index

Just when you thought the DeFi world couldn’t get more meta, along comes a stablecoin made up of, well, stablecoins: DefiDollar.  The project, which traces its origins to HackMoney, announced Wednesday that its raised $1.2 million from a group of professional trading firms and venture capitalists. The deal was led by Standard Crypto, Accomplice, and […]

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Code is (still) not law, contrary to new crypto lawsuit claims

Code is (still) not law, contrary to new crypto lawsuit claims

Code is not law. It’s not even a municipal ordinance. Nonetheless, this misunderstood meme has been the raft on which more than a few ill-conceived crypto schemes have set sail. The idea (as articulated by crypto meme-makers) is that, if deployed, blockchain code allows any sort of behavior to take place as long as it’s […]

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$46 billion hedge fund Millennium Management was on the verge of diving into crypto

$46 billion hedge fund Millennium Management was on the verge of diving into crypto

Quick Take Millennium Management, the $46 billion hedge fund, was looking to make a move into crypto Up until at least September, the firm was actively interviewing potential candidates for team to invest in digital assets  A source says that those plans hit a roadblock and that the company will likely not deploy crypto strategies […]

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Introducing The Block Data Dashboard: A comprehensive picture of the digital asset market

Introducing The Block Data Dashboard: A comprehensive picture of the digital asset market

The Block has officially launched its new crypto information platform, the Data Dashboard. Collected and collated from some of the crypto ecosystem’s top data providers, as well as The Block’s global research team, the information in the Data Dashboard makes it an all-encompassing, one-stop-shop for investors, traders, companies, and decision-makers. Data is the lifeblood of […]

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Coinbase’s chief compliance officer is set to leave the firm

Coinbase’s chief compliance officer is set to leave the firm

Coinbase’s chief compliance officer Jeff Horowitz is set to exit the cryptocurrency exchange, according to several people familiar with the personnel move.  Horowitz, whose career in financial services compliance spanned firms like Lehman Brothers and Citigroup, joined Coinbase in 2018. As the firm’s first CCO, he played a role in shaping Coinbase’s anti-money laundering policies […]

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Square details how it bought $50 million in bitcoin on the over-the-counter market

Square details how it bought $50 million in bitcoin on the over-the-counter market

Payments company Square made waves on Thursday after its surprise reveal of a $50 million bitcoin purchase.  The details were included in a white paper published alongside the news, which provided details on Square’s investment thesis, how it approached the buying process and the method by which it’s actually keeping those bitcoins safe. It’s a […]

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[SPONSORED] A crypto portfolio that beat bitcoin? Color us impressed.

[SPONSORED] A crypto portfolio that beat bitcoin? Color us impressed.

The TIE, a crypto data analytics company, has done just that with TheTIE-LongOnly CopyPortfolio, available exclusively on eToro. As part of eToro’s CopyPortfolio platform, which allows users to allocate their funds into managed portfolios, the TIE’s CopyPortlio uses highly advanced natural language processing tools to determine market sentiment toward crypto on social networks, and then […]

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A blog post by Coinbase’s CEO has raised a fury. Will it affect a potential IPO?

A blog post by Coinbase’s CEO has raised a fury. Will it affect a potential IPO?

Coinbase chief executive Brian Armstrong’s doctrine on corporate activism may have ruffled feathers but it likely won’t impede the firm’s public market debut, according to several professionals in the initial public offering market.  In a blog post released Sunday, Armstrong explained his view that activism and politics should be kept out of the halls of […]

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YFI founder’s incomplete DeFi protocol Eminence exploited, attacker drained $15M and then returned $8M

YFI founder’s incomplete DeFi protocol Eminence exploited, attacker drained $15M and then returned $8M

Eminence.Finance, the unfinished decentralized finance (DeFi) protocol by Yearn.Finance (YFI) founder Andre Cronje, was exploited Monday night. The attacker drained $15 million from Eminence, deposited by users or so-called “yield farmers,” and then returned $8 million to YFI. It is not clear why the attacker return funds. “Only the attacker would know the answer to […]

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