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A16Z-backed content platform Substack begins accepting bitcoin payments

A16Z-backed content platform Substack begins accepting bitcoin payments

advertisement Substack, an online content platform through which writers can make money from subscriptions, has integrated bitcoin as a payment option. The option is currently available only “to a select group of crypto-focused publications,” a Substack spokesperson told The Block, adding: “We’re looking forward to exploring broader availability depending on feedback and demand.” The crypto-focused …

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Chinese court begins trial of prominent crypto OTC trader Zhao Dong

Chinese court begins trial of prominent crypto OTC trader Zhao Dong

The Xihu District Court in the Chinese city of Hangzhou has started the trial of a criminal case against well-known crypto over-the-counter (OTC) trader Zhao Dong and several others. According to the live stream page of the trial on Wednesday, Zhao was charged with a crime called “assisting internet criminal activities.” Under China’s codified laws, …

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Balancer breaks $100m AUM as BAL begins trading on secondary markets

Balancer breaks $100m AUM as BAL begins trading on secondary markets

Quick Take Balancer, an n-dimensional automated market maker, has surpassed $100m in AUM Key performance indicators are up across the board as protocol token, BAL, trades at $1.4bn fully diluted market capitalization  Despite dramatic growth in liquidity inflows trade volumes remain relatively muted, raising questions around long-term capital efficiency This research piece is available to …

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