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The Block

Latest news about Cryptocurrency, Blockchain, DeFi, NFTs & DEXs. Live price and charts for Bitcoin, Ethereum and other tokens.
Ark Invest resumes Coinbase selling spree, offloads $5.5 million more COIN
Ark Invest resumes Coinbase selling spree, offloads $5.5 million more COIN

Ark Invest sold another 34,261 Coinbase shares on Tuesday — worth around $5.5 million — following the $59 million in COIN it sold last week.COIN reached new yearly highs yesterday.Ark also offloaded Robinhood shares, selling 121,100 ($1.6 million).

The Block·2023/12/20 08:37
FTX debtors settle with Bahamian subsidiary, agree to synchronize bankruptcy proceedings across jurisdictions
FTX debtors settle with Bahamian subsidiary, agree to synchronize bankruptcy proceedings across jurisdictions

Quick Take “The Global Settlement Agreement reflects a novel and mutually-beneficial solution to the complex cross-border legal issues raised by the circumstances of the collapse of the FTX group,” the debtors said in a statement.

The Block·2023/12/20 03:51
Galaxy Digital's assets under management triple as it eyes holdings of other bankrupt crypto firms: Financial Times
Galaxy Digital's assets under management triple as it eyes holdings of other bankrupt crypto firms: Financial Times

Quick Take Galaxy’s Digital’s assets under management tripled within the last year from $1.7 billion to $5.3 billion, the Financial Times reports.

The Block·2023/12/20 03:51
Zcash founder Zooko Wilcox steps down from Electric Coin CEO role
Zcash founder Zooko Wilcox steps down from Electric Coin CEO role

Quick Take The founder of the privacy-focused cryptocurrency Zcash, Zooko Wilcox, is stepping down from role as CEO of Electric Coin Co. Josh Swihart, the SVP of Growth for Electric Coin Company and Zcash’s development firm, has become the new CEO.

The Block·2023/12/20 03:51
Ordinals-based Tap Protocol raises $4.2 million to develop on Bitcoin
Ordinals-based Tap Protocol raises $4.2 million to develop on Bitcoin

Quick Take Tap Protocol, a Bitcoin Ordinals-based development platform, raised $4.2 million in a round led by Sora Ventures. German-based parent company Trac Systems plans to use the investment to enable more types of applications on Bitcoin, from gaming to DeFi.

The Block·2023/12/20 03:13
UK Finance Minister to probe banking challenges faced by country's crypto firms
UK Finance Minister to probe banking challenges faced by country's crypto firms

Quick Take UK’s finance minister will investigate claims that licensed crypto firms are having difficulty opening business accounts in the country.

The Block·2023/12/20 03:01
Do Kwon extradition approval canceled by Montenegro court
Do Kwon extradition approval canceled by Montenegro court

Quick Take A Montenegro court has canceled the approval of Do Kwon’s extradition to South Korea and the U.S. Last week, Bloomberg reported that Do Kwon’s detention in Montenegro was extended until mid-February amid his extradition appeal.

The Block·2023/12/20 03:01
BlackRock's proposed spot bitcoin ETF gets a ticker in latest filing with SEC
BlackRock's proposed spot bitcoin ETF gets a ticker in latest filing with SEC

Quick Take BlackRock’s proposed spot bitcoin exchange-traded fund now has a ticker: IBIT. Updated filing includes new language about the fund’s creation and redemption model.

The Block·2023/12/20 03:01
Federal judge approves settlement between CFTC and Binance
Federal judge approves settlement between CFTC and Binance

Quick Take Under the settlement, former CEO Changpeng Zhao will have to pay $150 million, with a third of that paid within the next 30 days, according to the order signed on Dec. 14 by Judge Manish Shah in the U.S. District Court for the Northern District of Illinois.

The Block·2023/12/20 03:01
UK introduces new regulations for its Digital Securities Sandbox
UK introduces new regulations for its Digital Securities Sandbox

Quick Take The UK has introduced new regulations for supervising the nation’s Digital Securities Sandbox.

The Block·2023/12/20 03:01