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The Blockchain Group, a France-based tech consulting firm, has acquired 624 BTC for roughly €60.2 million ($68.7 million), marking its largest purchase since launching its Bitcoin accumulation strategy.With this latest purchase, the company and its subsidiary, The Blockchain Group Luxembourg SA, now…
The Ethereum Foundation has restructured its Protocol Research & Development division, renaming it simply "Protocol" and consolidating efforts around three strategic priorities, the nonprofit announced Monday.The reorganized unit will concentrate on scaling Ethereum’s Layer 1, enhancing data availab…
The U.S. Securities and Exchange Commission is seeking feedback on whether to change rules to allow the WisdomTree Bitcoin Fund to allow in-kind creations and redemptions.The request follows prior delays and requests for feedback on rule-making decisions for in-kind creations and redemptions for cry…
Below is a summarized version of The Block Research's Billions to Trillions: Stablecoin Use-cases Poised to Expand the Market report. The full PDF version of this report is accessible here.The interconnected global financial system is undergoing a fundamental transformation. Stablecoins, once limite…
IG Group, a UK-listed investment and trading platform, this week rolled out direct cryptocurrency trading for retail investors, making it the first publicly traded British company to offer buying, selling, and holding of digital assets.The new service — provided in partnership with U.S.-based crypto…
Despite the strong market performance and notable memecoin gains, retail interest appears conspicuously absent from the current rally. Google search volume for "memecoin" sits at just 14 on the relative scale, a stark contrast to January's peak of 100 and only marginally lower than the 19 recorded i…
Bitcoin, the pioneering cryptocurrency, has long been praised for its decentralization, security, and immutability. However, a recent analysis by security expert Justin Drake has raised serious concerns about the sustainability of Bitcoin’s security model. He described it as a “time bomb.”Drake warn…
Thailand’s financial watchdog “will block access” to five unlicensed cryptocurrency exchanges, including Bybit and OKX, in the latest effort to curb illicit financial activity and protect domestic investors. The order, which takes effect on June 28, is reportedly in line with updated legal powers gr…
The FTX scandal is set to get a limited series from a production company founded by former United States President Barack Obama and first lady Michelle Obama.Netflix confirmed which stars will lead a forthcoming 8-episode limited series, "The Altruists," about the FTX scandal. Julia Garner, from "In…
Crypto conglomerate DCG conducted a Harris poll of 2,036 U.S. respondents and found the vast majority “believe decentralized AI is more likely to support innovation and progress than centralized AI,” according to a report published on Thursday. “Three-quarters of Americans agree that the transformat…
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Thursday! Crypto-related attacks are on the rise — from Paris to Buenos Aires, where a fresh kidnapping attempt just hit the headlines. Stay safe out there, folks.In today's newslette…
The largest NFT marketplace OpenSea said it is urgently working on the launch of SEA — but that it is essential to have certain feature releases in place before the token generation event."I know you’re all hoping I'm going to answer the question, 'wen TGE?'" OpenSea CMO Adam Hollander said in a Thu…