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The Block

Latest news about Cryptocurrency, Blockchain, DeFi, NFTs & DEXs. Live price and charts for Bitcoin, Ethereum and other tokens.
Gnosis Chain community members evaluate gas token choices amid MakerDAO’s pivot to Sky
Gnosis Chain community members evaluate gas token choices amid MakerDAO’s pivot to Sky

Quick Take Gnosis Chain members are reassessing their choice of gas tokens following MakerDAO’s rebranding to Sky and the introduction of USDS. Members are exploring alternative solutions, including adopting decentralized stablecoins like RAI, LUSD, or the Gnosis token. The discussions regarding these changes are still preliminary, and no formal proposal has been put forward yet.

The Block·2024/08/29 16:00
BlackRock’s IBIT logs first daily net outflows since May amid streak of spot bitcoin ETF outflows
BlackRock’s IBIT logs first daily net outflows since May amid streak of spot bitcoin ETF outflows

U.S. spot bitcoin ETFs saw $71.73 million in net outflows on Thursday.BlackRock’s IBIT logged $13.51 million in outflows, marking its first daily negative flows since May 1.

The Block·2024/08/30 05:31
Ethereum’s staking rewards rate remains at around 3%, lower than other proof-of-stake chains
Ethereum’s staking rewards rate remains at around 3%, lower than other proof-of-stake chains

The staking rewards rate on the Ethereum network currently stands at 3%, slightly down from over 3.5% in July.Analysts noted that Ethereum’s staking yields are lower than other major Layer 1 protocols.

The Block·2024/10/30 04:00
Bhutan government moves $66 million in bitcoin to Binance deposit address: Arkham
Bhutan government moves $66 million in bitcoin to Binance deposit address: Arkham

The Royal Government of Bhutan deposited 929 BTC ($66 million) to Binance, according to the onchain analytics platform Arkham.It’s the first time Bhutan has sent bitcoin to an exchange since it deposited $24 million worth of the cryptocurrency to Kraken in July.

The Block·2024/10/30 04:00
From $8,000 to $53 million: Bitcoin wallet dormant since 2012 wakes up
From $8,000 to $53 million: Bitcoin wallet dormant since 2012 wakes up

A Bitcoin address that contained around 749 BTC ($53.2 million) has woken up after being dormant for almost 12 years.The Bitcoin address last sent funds on Nov. 10, 2012, when its balance was worth just $8,000.

The Block·2024/10/30 04:00
Rising odds of Republican election sweep could pave way for crypto bills, analysts say
Rising odds of Republican election sweep could pave way for crypto bills, analysts say

Quick Take Rising Polymarket odds of a Republican sweep in next week’s U.S. elections could pave the way for passing a series of crypto-related bills, analysts at Presto said. However, others have questioned the reliability of prediction market platforms, given their divergence compared to traditional polling.

The Block·2024/10/28 16:00
DWF Labs dismisses partner over drink spiking allegations, removes Eugene Ng from team page
DWF Labs dismisses partner over drink spiking allegations, removes Eugene Ng from team page

Quick Take DWF Labs says it has removed one of its partners following allegations of drink spiking. The company has removed Eugene Ng, a founding partner, from its team page.

The Block·2024/10/28 16:00
Paxos CEO urges Harris and Trump to create pro-crypto regulations ahead of US election
Paxos CEO urges Harris and Trump to create pro-crypto regulations ahead of US election

Quick Take Paxos’ CEO sent a letter to presidential candidates Kamala Harris and Donald Trump on Tuesday. The CEO also criticized the current regulatory environment for crypto, calling it an “inhospitable place for financial innovation.”

The Block·2024/10/28 16:00
The Daily: DWF Labs dismisses partner amid drink spiking allegations, Bhutan's government moves $66 million in bitcoin to Binance and more
The Daily: DWF Labs dismisses partner amid drink spiking allegations, Bhutan's government moves $66 million in bitcoin to Binance and more

Quick Take Crypto trading firm DWF Labs has dismissed one of its partners following allegations of drink spiking that surfaced on X. The Royal Government of Bhutan deposited 929 BTC, valued at $66 million, to Binance on Tuesday morning. A hacker compromised Truth Terminal founder Andy Ayrey’s X account to promote a scam token. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

The Block·2024/10/28 16:00