Articles from www.theblock.co

Articles from www.theblock.co

CoinShares: inflows to crypto asset funds fell from $9.1B in 2021 to $433M in 2022, down 95% YoY, the worst year since 2018, when inflows totaled $233M (www.theblock.co)
2023-1-4 Asset

Chinese media reports that two government-backed institutions are working with Beijing-based Huaban to launch an NFT marketplace with secondary trading (www.theblock.co)
2023-1-2

FTX plans to ask the Bahamas to return its crypto, which it says was worth ~$296M when moved on November 12 but is now worth ~$167M, to its Chapter 11 estates (www.theblock.co)
2023-1-2

CryptoSlam: NFT trading volume fell from $24M+ on December 20 to $12.9M on December 25, down for a second consecutive year; Yuga's BAYC rallied before Christmas (www.theblock.co)
2022-12-29

Alameda-linked wallets traded Lido, Polygon, Uniswap, and other tokens for ether and USDT, before swapping for bitcoin, taking their holdings to 47.6 BTC (www.theblock.co)
2022-12-28 Bitcoin

Dutch crypto exchange Bitvavo, which uses DCG for its staking service, says it can't access ~$297M held at DCG and that DCG is “experiencing liquidity problems” (www.theblock.co)
2022-12-17 Netherlands

Binance spokesperson Patrick Hillmann claims Changpeng Zhao has traveled to the US without publicizing it, after rumors that he could face legal difficulties (www.theblock.co)
2022-12-15

John Ray III tells the House that FTX has a “paperless bankruptcy” due to an “unprecedented” lack of documentation, FTX and Alameda were not distinct, and more (www.theblock.co)
2022-12-14

Changpeng Zhao seeks to reassure Binance users on USDC outflows, saying they can “withdraw any other stablecoin”; Nansen shows $1.6B in ETH outflows in 24 hours (www.theblock.co)
2022-12-13 ETH

European Commission proposes rules requiring all digital asset providers report transactions of EU-based clients to tax authorities, starting on January 1, 2026 (www.theblock.co)
2022-12-9 Europe Tax Asset

The US Senate Banking Committee calls on Sam Bankman-Fried to testify on December 14, a day after a House hearing where members also want him to testify (www.theblock.co)
2022-12-8 Senate

Auditing firm Mazars says Binance's bitcoin reserves are collateralized 101%, after conducting a proof-of-reserves and proof-of-liabilities verification (www.theblock.co)
2022-12-8 Bitcoin

Orthogonal Trading defaults on eight loans to lending protocol Maple Finance totaling $36M, or ~30% of active loans on the protocol, likely due to FTX exposure (www.theblock.co)
2022-12-6

SBF says John Ray III is not working with him or responding to messages, claims Ray made false statements, and dodges questions on Alameda and loaning funds (www.theblock.co)
2022-12-5

Mike Novogratz's Galaxy Digital agrees to buy high-security custodian GK8 from bankrupt crypto lender Celsius; Celsius acquired GK8 for $115M in late 2021 (www.theblock.co)
2022-12-3

OpenSea says NFT creators collectively earned $1.1B in royalties in 2022 so far, of which 80% were to collections outside the top 10 (www.theblock.co)
2022-12-1

Brussels-based crypto market maker Keyrock raised a $72M Series B led by Ripple, following a €4.3M Series A in October 2020 (www.theblock.co)
2022-12-1

Binance acquires Japan-based licensed exchange Sakura Exchange BitCoin for an undisclosed sum, the exchange's re-entry to Japan and first license in East Asia (www.theblock.co)
2022-11-30 Japan Bitcoin Asia

Brazil's Chamber of Deputies has approved a longstanding crypto bill defining digital assets and their service providers; bill now requires president's approval (www.theblock.co)
2022-11-30 Asset Brazil

IBM and Maersk's blockchain-enabled supply chain offering TradeLens, launched in 2018, will shut down in Q1 2023; Maersk blames a lack of industry collaboration (www.theblock.co)
2022-11-30 Blockchain IBM

Decentralized crypto exchange Serum, backed heavily by FTX, says it is “defunct” and points users to a community-led fork (www.theblock.co)
2022-11-30 Decentralize

Report: Fanatics' sports NFT service Candy Digital lays off as many as half of its 100-person staff; the startup raised a $100M Series A in October 2021 (www.theblock.co)
2022-11-30 Startup

Binance's $1B recovery fund is a lifeline, but questions remain, including on decision making and why funds came from a cold wallet that holds customer funds (www.theblock.co)
2022-11-29

Report: several US states are investigating Genesis Global as part of an inquiry into interconnectedness of crypto firms, securities laws violations, and more (www.theblock.co)
2022-11-26

Binance releases its proof-of-reserves system, starting with BTC, claiming it has 582,485 BTC and 575,742 BTC user balance, a reserve ratio of 101% for users (www.theblock.co)
2022-11-26

DCG's Grayscale refuses to share proof of reserves, citing “security concerns”, as Grayscale Bitcoin Trust reaches new lows and DCG's Genesis halts withdrawals (www.theblock.co)
2022-11-21 Bitcoin

Esports company TSM ends its 10-year, $210M partnership with FTX “effective immediately” and removes all branding, the latest company to drop FTX after its fall (www.theblock.co)
2022-11-17

The Australian Securities Exchange paused its years-long blockchain project to replace its settlement and clearing system, saying it plans to write-off $175M (www.theblock.co)
2022-11-17 Blockchain Australia

The House Financial Services Committee plans a hearing on FTX's collapse in December and invites Sam Bankman-Fried and other executives (www.theblock.co)
2022-11-17

Matter Labs, which develops the Ethereum scaling protocol zkSync, raised a $200M Series C led by Blockchain Capital and Dragonfly, bringing its funding to $458M (www.theblock.co)
2022-11-17 Blockchain Ethereum

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