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Symbiotic, which started as a restaking protocol and is now expanding into "universal staking," has raised $29 million in a Series A funding round to scale that vision.Pantera Capital led the round, with Coinbase Ventures and over 100 angel investors from teams like Aave, Polygon and StarkWare parti…
French game developer Ubisoft, the company behind both the "Assassin’s Creed" franchise and "Tom Clancy's Rainbow Six," has partnered with blockchain gaming studio Immutable to release a new mobile title based on the popular "Might and Magic" intellectual property."After the recent success of the fi…
Rep. Nydia M. Velázquez, D-N.Y., introduced a bill Tuesday aimed at closing a cryptocurrency tax loophole in Puerto Rico.According to a press release issued Tuesday, the Fair Taxation of Digital Assets in Puerto Rico Act would subject income derived from cryptocurrency staking, mining, or trading in…
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Tuesday! Bitcoin is back above $90,000 for the first time since early March, prompting — perhaps again prematurely — fresh talk of crypto decoupling from equities, with the asset clas…
Fantasy.top, an onchain trading card platform built on Blast, has launched a new rewards program called Clout. The system incentivizes active cryptocurrency commentators and digital asset contributors on the social media platform X, allowing users to monetize their social capital.Clout assesses cryp…
A new version of the xrpl package, a JavaScript library for interacting with the XRP Ledger, appears to have been released with a security issue, according to a disclosure from the XRP Ledger Foundation on Tuesday. Charlie Eriksen, the Aikido Security malware researcher who identified the vulnerabil…
Bitdeer Technologies Group (NASDAQ: BTDR), backed by stablecoin issuer Tether, opened a credit facility earlier this month with Matrix Finance that provides up to $200 million in financing to support the expansion of its global Bitcoin mining operations, the company announced Monday.The move comes t…
Global crypto investment products run by asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares and 21Shares registered modest net inflows of $6 million last week, according to CoinShares data."While the week began with minor inflows, stronger-than-expected U.S. retail sales figur…
Bitcoin price crossed $87,000 for the first time in weeks as it meets growing global liquidity and renewed institutional interest amid lingering concerns over U.S. tariffs. According to The Block's bitcoin price page, the world's largest cryptocurrency is up more than 2.4% in the past 24 hours to tr…
A Brazilian judge has handed down a record 128-year prison sentence to the man convicted of leading the money laundering operation behind the Braiscompany cryptocurrency Ponzi scheme, which operated from June 2018 until its collapse in early 2023.Joel Ferreira de Souza, the scheme’s financial master…
Nasdaq-listed healthcare tech firm Semler Scientific (SMLR) filed a registration statement with the U.S. Securities and Exchange Commission to offer $500 million in securities to fund the purchase of bitcoin and for other purposes.The company's S-3 statement, filed Tuesday, states that it aims to of…
Seychelles-based cryptocurrency exchange OKX announced today that it will launch a centralized crypto trading platform and its OKX wallet in the U.S. market.With the expansion, OKX established its regional headquarters in San Jose, California, and named Roshan Robert, who previously worked at Morgan…