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The Block

Latest news about Cryptocurrency, Blockchain, DeFi, NFTs & DEXs. Live price and charts for Bitcoin, Ethereum and other tokens.
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
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
SEC delays decisions on Hashdex and Grayscale Ethereum-focused ETFs
SEC delays decisions on Hashdex and Grayscale Ethereum-focused ETFs

Quick Take The agency instituted “proceedings” for multiple applications on Monday and asked for public input on whether the exchange-traded funds should be allowed to list, according to filings on Monday.

The Block·2023/12/20 03:01
Revolut will suspend trading for UK business customers: report
Revolut will suspend trading for UK business customers: report

Quick Take UK business clients of Revolut will be able to hold or sell crypto, but not buy new digital assets. Revolut halted service in the U.S. earlier this year amid regulatory uncertainty.

The Block·2023/12/20 03:01
Immutable launches interoperable tool across multiple video games and marketplaces
Immutable launches interoperable tool across multiple video games and marketplaces

Quick Take Immutable has launched its web3 gaming “Passport,” which allows players to use identities and assets across multiple platforms. Initially, more than 500,000 users will have access to the tool across five games and marketplaces like “Gods Unchained” and AtomicHub.

The Block·2023/12/20 02:55
Metaverse firm Improbable sells gaming unit for almost $100 million
Metaverse firm Improbable sells gaming unit for almost $100 million

Quick Take Improbable, backed by SoftBank and a16z, has sold its gaming subsidiary, MPG, to Keywords Studios for nearly $100 million. The sale marks a strategic shift for the firm, focusing on expanding and innovating within the metaverse sector.

The Block·2023/12/20 02:55
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