Articles from www.theblock.co

Articles from www.theblock.co

FTX files a lawsuit against Grayscale, CEO Michael Sonnenshein, DCG, and Barry Silbert, citing $1.3B+ in “exorbitant management fees” and seeking $550M+ shares (www.theblock.co)
2023-3-7

Coinbase switches banking partners for Prime accounts from Silvergate to Signature, after Silvergate reported being “less than well-capitalized” (www.theblock.co)
2023-3-6 Coinbase

Current and former Dapper Labs staff say CEO Roham Gharegozlou's bullying and extravagant spending hurt the NFT startup amid layoffs and a prolonged bear market (www.theblock.co)
2023-3-6 Startup Layoffs

Doc: NFT startup Dapper Labs, which raised $600M+, lays off 20% of staff, after laying off ~134 staff, or ~22% of it's workforce, in November 2022 (www.theblock.co)
2023-2-24 Startup

Binance shut down the derivative trading accounts of retail users in Australia after an investigation found customers were misclassified as wholesale investors (www.theblock.co)
2023-2-24 Australia Retail

Indian Web3 gaming startup Kratos Studios, which lets developers design quests for gamers and more, raised a $20M seed led by Accel at a $150M valuation (www.theblock.co)
2023-2-23 India Startup

Google Cloud partners with the Tezos Foundation to become a validator on the proof-of-stake Tezos blockchain, seeking to help clients develop and deploy apps (www.theblock.co)
2023-2-22 Blockchain Google

Microsoft partners with Web3 infrastructure company Ankr to offer blockchain node services on Azure's marketplace, letting users deploy smart contracts and more (www.theblock.co)
2023-2-22 Blockchain Microsoft

FTX Japan will resume crypto and fiat withdrawals from February 21, 2023 through its crypto exchange Liquid Japan; FTX acquired Liquid in 2022 (www.theblock.co)
2023-2-21 Japan

Sources: Jump is the unidentified “US trading firm” that the SEC has said helped support the TerraUSD stablecoin in May 2021; Jump was not accused of wrongdoing (www.theblock.co)
2023-2-18

Bankrupt crypto lender Celsius proposes a sale to investment firm NovaWulf, founded in 2021 by Wall Street dealmakers; smaller creditors may regain 70% of funds (www.theblock.co)
2023-2-15 Wall Street

Monad Labs, founded by former Jump Trading developers to build an Ethereum virtual machine-compatible Layer 1 blockchain, raised a $19M seed led by Dragonfly (www.theblock.co)
2023-2-15 Blockchain Ethereum

Geneva-based Taurus, which offers digital asset infrastructure to European financial institutions, raised a $65M Series B led by Credit Suisse (www.theblock.co)
2023-2-14 Europe Asset

Tether claims $700M in Q4 profit, in addition to its reserves, and $67.04B in total assets and $66.08B in liabilities; Tether-secured loans were down by $300M (www.theblock.co)
2023-2-9 4Q Asset

A16z votes against proposal to deploy latest Uniswap iteration on BNB Chain | The Block (www.theblock.co)
2023-2-8

Cardano's decentralized stablecoin Djed goes live on mainnet (www.theblock.co)
2023-2-1 Decentralize

Alameda Research sues Voyager Digital for more than $445.8M, seeking to recover loan repayments that it made after Voyager filed for bankruptcy in July 2022 (www.theblock.co)
2023-1-31

A 116-page bankruptcy document details FTX's extensive list of creditors, including AWS, Apple, Meta, Binance, the WSJ, and the Prime Minister of the Bahamas (www.theblock.co)
2023-1-27 Apple

Gemini-owned NFT platform Nifty Gateway's co-founders Duncan and Griffin Cock Foster step down, as Tyler and Cameron Winklevoss battle to save Gemini (www.theblock.co)
2023-1-26

The US SEC charges Avraham Eisenberg with manipulating Mango Markets' governance token MNGO to steal $116M of crypto assets and says MNGO was sold as a security (www.theblock.co)
2023-1-21 Asset

Bankruptcy filing: Genesis Global owes more than $3.6B to its top 50 creditors, including $766M to Winklevoss' Gemini Trust Company (www.theblock.co)
2023-1-21

Crypto lender Nexo agrees to pay $45M in penalties to settle US SEC and state charges for failing to register the offer and sale of its Earn Interest Product (www.theblock.co)
2023-1-20

The Nil Foundation, which helps Layer 1 and Layer 2 blockchains and protocols generate zero-knowledge proofs, raised $22M led by Polychain at a $220M valuation (www.theblock.co)
2023-1-20

Sources: Genesis creditors are negotiating a bankruptcy plan with the firm and would agree to a forbearance period in exchange for cash payments and DCG equity (www.theblock.co)
2023-1-19 Equity

Pitch decks: Three Arrows Capital founders Su Zhu and Kyle Davies are hoping to raise $25M to start crypto exchange GTX, partnering with two CoinFlex executives (www.theblock.co)
2023-1-17

A bankruptcy judge lets FTX sell its derivatives exchange LedgerX, clearing company Embed, and European and Japanese operations to raise money for creditors (www.theblock.co)
2023-1-14 Europe Japan

The SEC charges Genesis and Gemini with the unregistered offering and sale of securities to retail investors through a Gemini crypto lending program (www.theblock.co)
2023-1-13 Retail

Coin ATM Rader: there are now 38,641 bitcoin ATMs globally, up from 14,051 at the start of 2021 but flat from around July 2022 when bitcoin's price collapsed (www.theblock.co)
2023-1-10 Bitcoin

Researcher earns $1M via Immunefi bug bounty platform after discovering a vulnerability in several Polkadot parachains that could have been exploited for~$200M (www.theblock.co)
2023-1-7

Troubled crypto lender Vauld rejects rival Nexo's final acquisition proposal, questioning Nexo's solvency and other issues (www.theblock.co)
2023-1-6

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