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Bitcoin slides below $58,000 as crypto market sees weekend slump

The crypto market faced a downturn, with Bitcoin and ether both declining in value, and high liquidation levels reported amid bearish trading sentiment.

theblock.co • 02/09/2024 - 05:51 AM

Bitcoin DeFi protocol Threshold proposes tBTC merger to 'save' WBTC

Threshold proposes a merger with WBTC to stabilize the asset and ensure user safety amidst criticism of BitGo's control changes involving Justin Sun.

theblock.co • 29/08/2024 - 19:42 PM

BITCOIN

El Salvador’s Bukele says ‘Bitcoin hasn't had the widespread adoption we hoped for'

Nayib Bukele discusses the mixed success of adopting bitcoin as legal tender in El Salvador, emphasizing voluntary participation and potential benefits despite criticism and limited domestic adoption.

theblock.co • 29/08/2024 - 18:04 PM

The Daily: Trump teases US crypto plan, Kakao and LINE launch Layer 1 Kaia, IREN posts record revenue and more

Kaia blockchain launches mainnet; IREN sees record bitcoin mining revenue; Edge Matrix raises $20M; Trump releases NFT series with $2M sales; plans to make US a crypto capital.

theblock.co • 29/08/2024 - 17:08 PM

The Daily: Trump teases US crypto plan, Kakao and LINE launch Layer 1 Kaia, IREN posts record revenue and more

Layer 1 blockchain Kaia from Kakao and LINE launches its mainnet and invites Telegram-style apps. IREN posts a record $184.1 million in annual bitcoin mining revenue as its hashrate capacity nearly doubles. Edge Matrix Chain raises $20 million in a funding round led by Polygon Ventures and Amber Group. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 29/08/2024 - 17:08 PM

Acre’s yield-bearing stBTC token is now live on Bitcoin scaling network Mezo

Mezo introduces stBTC, a liquid-staked Bitcoin token, enabling users to earn returns while maintaining Bitcoin exposure, tapping into the evolving decentralized finance ecosystem.

theblock.co • 28/08/2024 - 16:02 PM

The Daily: Microsoft-backed startup's $20 million raise, Aave Labs' proposed integration with BlackRock's BUIDL, MakerDAO's rebrand and more

Microsoft-backed blockchain and AI startup Space and Time raised another $20 million. Aave Labs proposed integrating BlackRock’s BUIDL with the GHO stability module. MakerDAO rebranded to Sky, with the DAI stablecoin optionally upgradeable to USDS. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 27/08/2024 - 17:52 PM

The Daily: Trump endorses a crypto project, FTX-tied former congressional candidate gets charged, Grayscale's new AVAX fund and more

Donald Trump endorses a crypto project, charges against a former candidate linked to FTX, Grayscale's new trust, Bitcoin market updates, and SatLayer's funding round highlights.

theblock.co • 22/08/2024 - 21:23 PM

BITCOIN

Babylon launches phase one of its self-custodial bitcoin staking mainnnet

Babylon has launched its self-custodial mainnet for Bitcoin staking, attracting over 12,000 users and securing significant funding from various venture capitalists.

theblock.co • 22/08/2024 - 15:37 PM

Bitcoin restaking platform SatLayer raises $8 million in pre-seed funding

SatLayer raised $8 million in pre-seed funding to enhance Bitcoin restaking, attracting significant interest for decentralized application collateralization and boosting security in the ecosystem.

theblock.co • 22/08/2024 - 14:00 PM

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