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The Block

Latest news about Cryptocurrency, Blockchain, DeFi, NFTs & DEXs. Live price and charts for Bitcoin, Ethereum and other tokens.
Synthetix to end SNX token inflation, shift focus to buybacks and burns
Synthetix to end SNX token inflation, shift focus to buybacks and burns

Quick Take Synthetix passed governance proposal SIP-2043 to end SNX token inflation. New strategies, including token buybacks and burns, will be adopted.

The Block·2023/12/12 08:15
Presidential hopefuls discuss Tornado Cash and pending legislation during Stand With Crypto event
Presidential hopefuls discuss Tornado Cash and pending legislation during Stand With Crypto event

Quick Take Republican presidential candidates Asa Hutchinson, Vivek Ramaswamy and Democratic presidential candidate Dean Phillips spoke with CoinDesk, which was sponsoring the event, on Monday at the New Hampshire Institute of Politics at St. Anselm College.

The Block·2023/12/12 01:12
BlackRock and Fidelity hash out details over spot bitcoin ETF redemption models with the SEC as anticipation mounts
BlackRock and Fidelity hash out details over spot bitcoin ETF redemption models with the SEC as anticipation mounts

Quick Take Memos show that firms, including leading asset managers BlackRock and Fidelity, have met with the SEC over the past few weeks to go over how the redemption process would work for a spot bitcoin ETF. At issue are three separate models to determine which entity would have to sell bitcoin if investors want to redeem shares for the underlying asset. The Block spoke with Vivian Fang, a finance professor at Indiana University, about those models and what it means for a potential spot bitcoin ETF.

The Block·2023/12/11 21:18
FTX says IRS demand for $24 billion in unpaid taxes is delaying recovery of user funds
FTX says IRS demand for $24 billion in unpaid taxes is delaying recovery of user funds

Quick Take FTX lawyers are asking the IRS to show how it calculated what it says is $24 billion of unpaid taxes. The IRS first said FTX owed $44 billion but recently lowered the amount to $24 billion.

The Block·2023/12/11 21:18
Avalanche's AVAX token rallies despite crypto market downturn
Avalanche's AVAX token rallies despite crypto market downturn

Avalanche’s AVAX token has rallied over 6% in the past 24 hours, despite a day of volatility across the broader cryptocurrency market.Over $500 million in bitcoin and major altcoin leveraged positions were liquidated in the past 24 hours.

The Block·2023/12/11 19:48
Anatoly Yakovenko and Mert Mumtaz break down what's only possible on Solana
Anatoly Yakovenko and Mert Mumtaz break down what's only possible on Solana

Quick Take Solana Labs co-founder Anatoly Yakovenko and Helius Labs co-founder Mert Mumtaz unpack some of the reasons why they believe Solana has an edge over other blockchains.

The Block·2023/12/11 16:03
Bitcoin price slips below $42,000 as short-term holders take profit
Bitcoin price slips below $42,000 as short-term holders take profit

Bitcoin is experiencing a price correction after an increase in the circulating supply of BTC that is in profit, an analyst said.Profit-taking activity has predominantly been observed among short-term bitcoin holders, a report added.

The Block·2023/12/11 15:06
Google updates crypto ads policy amid January spot bitcoin ETF anticipation
Google updates crypto ads policy amid January spot bitcoin ETF anticipation

Quick Take Google is updating its crypto policy to clarify the scope for advertising “Cryptocurrency Coin Trusts.” From Jan. 29, advertisers certified by Google may promote such trusts targeting the United States where they meet its requirements.

The Block·2023/12/11 14:57
Animoca Brands, Chainalysis among crypto firms targeted by $500 million fund: report
Animoca Brands, Chainalysis among crypto firms targeted by $500 million fund: report

Quick Take C1 Fund is aiming to acquire secondary shares in major crypto companies at significant discounts, according to The Australian Financial Review. Blockchain gaming business Animoca Brands and crypto data analysis firm Chainalysis are reportedly among the targets for the $500 million fund.

The Block·2023/12/11 13:36
Crypto fund inflows hit $43 million, marking 11-week streak totaling $1.8 billion
Crypto fund inflows hit $43 million, marking 11-week streak totaling $1.8 billion

Quick Take Crypto investment products marked their 11th week of consecutive inflows, adding $43 million last week to reach $1.8 billion over the period.

The Block·2023/12/11 11:57