Mapping out Crypto Custody

Quick Take This is version two of The Block’s cryptocurrency custody map The Block has mapped out 39 custody service providers split between institutions and consumers Of the 23 institutional-only custody providers we identified, 18 were founded between 2017 and 2019 This research piece is available to members of The Read more…

Binance adds support for euro, bringing the total to 5 currencies for its direct fiat-to-crypto trading facility

Cryptocurrency exchange Binance has added support for euro (EUR) for its direct fiat-to-crypto trading facility, according to an announcement Friday. The exchange has also added support for Ukraine’s and Kazakhstan’s fiat currencies – hryvnia (UAH) and tenge (KZT), respectively, as The Block broke the news last week. The three new Read more…

Crypto Market manipulation lawsuit against FTX Trading seeking $150M contains more words than substance

Quick Take 13-Count California federal court lawsuit by Bitcoin Manipulation Abatement LLC seeks $150 million in damages from FTX Trading and other defendants Plaintiff says Defendants engaged in wide spread crypto market manipulation, seek damages under federal RICO statute, Commodities Exchange, Cal state law and under various common law and Read more…

a16z discloses details about its crypto startup school, kicking off February 2020

Andreessen Horowitz announced on Friday a free seven-week educational program for crypto upstarts, inviting guest speakers from Paradigm, Union Square Ventures, Galaxy Digital, Facebook’s Calibra, and others.  In a company statement, Chris Dixon, a general partner at the venture capital heavyweight, revealed details about the startup school, which he mentioned Read more…

Little-known Asian crypto exchange VinDAX got hacked; lost ‘half a million USD’ worth of tokens

Vietnam-based little-known cryptocurrency exchange VinDAX has been hacked, losing “half a million USD” worth of cryptocurrencies, The Block has learned. An admin of VinDAX’s official Telegram channel, with the handle “@VinDAXSupport” confirmed to The Block on Friday that it is “true” that the exchange got hacked and lost cryptocurrencies worth Read more…

Another crypto derivatives exchange wins CFTC nod to offer physically-settled bitcoin swaps

The U.S. Commodity Futures Trading Commission (CFTC) has just given the green light to another Swap Execution Facility (SEF) operated by cryptocurrency startup Tassat, following SeedCX’s and LedgerX’s SEF registrations.  Previously known as trueDigital, Tassat rebranded itself in September as it pivoted into the derivatives trading and institutional payments markets. Read more…

China’s President Xi wants the nation to lead on blockchain, but insiders say local governments might get in the way

Quick Take Since Chinese President Xi Jinping publicly applauded blockchain technology two weeks ago, businesses and local governments in China have been rushing to associate themselves with the new technology A few fast-moving government agencies have already committed funds to support the development of local blockchain ecosystems There are concerns Read more…

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