Articles from www.theblock.co

Articles from www.theblock.co

Tether plans to bring USDT to the Bitcoin base layer again and to the Layer 2 protocol Lightning Network, following USDT expansions to Celo and other networks (www.theblock.co)
2025-1-31 Bitcoin

Irreducible, which provides zero-knowledge proof generation services powered by FPGA chips, raised a $24M Series A co-led by Paradigm and Bain Capital Crypto (www.theblock.co)
2025-1-31

A Texas District Court rules against Tornado Cash sanctions, ordering a previous decision to be reversed; the US sanctioned Tornado Cash in August 2022 (www.theblock.co)
2025-1-22 Texas

Crypto.com launches its institutional exchange service for US customers; it had closed the service in June 2023 due to “limited demand” (www.theblock.co)
2025-1-22

MicroStrategy bought 11,000 bitcoin for ~$1.1B, an average of $101,191, between January 13 and 20, taking its holding to 461,000, worth $48B+, or 2%+ of supply (www.theblock.co)
2025-1-22 Bitcoin

A memecoin named Official Barron Trump hit a $460M market cap before falling 95%; a Pump.fun user behind it has debuted other unofficial coins called “official” (www.theblock.co)
2025-1-21 Trump

Blockchain security firm Scam Sniffer reports scams luring crypto investors into malicious Telegram groups jumped 2,000% between November 2024 and January 2025 (www.theblock.co)
2025-1-20 Blockchain

Vitalik Buterin outlines “large changes” to Ethereum Foundation leadership structure, after fellow Ethereum co-founder Joseph Lubin called for new EF leadership (www.theblock.co)
2025-1-19 Ethereum Vitalik Buterin

Digital Currency Group agrees to settle and pay $38M to the US SEC over allegations that it misled investors via crypto lender Genesis Global (www.theblock.co)
2025-1-18

BitMEX is fined an additional $100M for US Bank Secrecy Act violations between 2015 and 2020; it pleaded guilty in July 2024 and previously agreed to pay $110M (www.theblock.co)
2025-1-16

Backpack Exchange, an exchange founded by former FTX and Alameda employees, acquires FTX EU and takes responsibility for distributing FTX bankruptcy claims (www.theblock.co)
2025-1-8

The GMCI Meme index, which tracks leading memecoins by market cap, delivered 320% returns in 2024, outpacing AI at 91% and the top 30 cryptocurrencies at 88% (www.theblock.co)
2025-1-4 AI

Three industry groups sue the IRS, challenging a rule that would require some DeFi brokers to report users' personal information to the agency starting in 2027 (www.theblock.co)
2024-12-29

Memecoin MIRA, created to fund research into a brain tumor affecting tech CEO Siqi Chen's daughter, hit an $80M market cap before falling as Chen began selling (www.theblock.co)
2024-12-27

Analysis: Coinbase International saw its total trading volume grow 124% week-over-week to $119B+ this past week; it averaged just $2.5B per day in November 2024 (www.theblock.co)
2024-12-26 Coinbase

Justin Sun's BiT Global, which became a key stakeholder in the wBTC ecosystem, sues Coinbase for delisting wBTC and launching a competing product (www.theblock.co)
2024-12-15 Coinbase

A Texas man gets a two-year sentence for underreporting capital gains from selling $3.7M in bitcoin, the first such prosecution based entirely on cryptocurrency (www.theblock.co)
2024-12-14 Bitcoin Cryptocurrency Texas

Layer 1 blockchain project Avalanche raised $250M via a locked token sale co-led by Galaxy Digital, Dragonfly, and ParaFi, to support its Avalanche9000 upgrade (www.theblock.co)
2024-12-13 Blockchain

RTFKT, the digital wearables NFT startup Nike acquired in 2021, is shutting down by the end of January 2025; DefiLlama: RTFKT brought in ~$50M in total earnings (www.theblock.co)
2024-12-3 Startup

MicroStrategy bought 55,580 bitcoin for ~$5.4B at an average price of $97,862 between November 18 and November 24, taking its holdings to 386,700 bitcoin (www.theblock.co)
2024-11-26 Bitcoin

Polymarket blocks users in France from placing trades, as the country's gaming regulator investigates the platform's compliance with local gambling laws (www.theblock.co)
2024-11-23 France

A US judge sentences FTX co-founder Gary Wang to “time served”, meaning no jail time; Wang pleaded guilty in December 2022 to fraud charges after FTX collapsed (www.theblock.co)
2024-11-21

Coinbase says it will delist wBTC next month, as Justin Sun gains influence over the wBTC protocol; Coinbase launched its wrapped bitcoin, cbBTC, in September (www.theblock.co)
2024-11-20 Bitcoin Coinbase

MicroStrategy says it bought 27,200 bitcoin for roughly $2.03B in cash at an estimated $74,463 per coin, taking its total bitcoin holding to 279,420 (www.theblock.co)
2024-11-12 Bitcoin

Data shows open interest on Polymarket fell 64% from $510.95M on November 5 to $184.16M by November 8, highlighting the platform's reliance on political betting (www.theblock.co)
2024-11-10

Bitcoin passes $74K to reach an all-time high amid Donald Trump's early lead in the 2024 US presidential race; bitcoin is up nearly 70% year-to-date (www.theblock.co)
2024-11-6 Trump Bitcoin

Filing: Microsoft puts an “assessment of investing in bitcoin” as a voting item for its December 10 shareholder meeting; its board recommends voting against it (www.theblock.co)
2024-10-25 Bitcoin Microsoft

The FBI charges Alabama man Eric Council Jr. with hacking the SEC's X account on January 9, 2024 to post a fake announcement about approving spot bitcoin ETFs (www.theblock.co)
2024-10-18 Bitcoin ETF FBI

Crypto derivatives exchange Bitnomial raised $25M led by Ripple and launches Botanical, a futures trading platform in the US currently in closed beta (www.theblock.co)
2024-10-17

Crypto.com sues the US SEC after receiving a Wells notice that the agency plans to bring an enforcement action against it; Consensys sued the SEC in April 2024 (www.theblock.co)
2024-10-9

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