industry

Industry startups cheer the OCC’s crypto custody move, but don’t bet on big banks jumping into bitcoin just yet

Industry startups cheer the OCC’s crypto custody move, but don’t bet on big banks jumping into bitcoin just yet

Quick Take The U.S. Office of the Comptroller of the Currency has opened the door for banks under its regulatory remit to offer crypto custody services. Industry startups cheered the move and pointed to potential business opportunities for the sector. Experts say the real beneficiaries will be small and medium banks — big banks not …

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The number of blockchain investment deals has declined for seven consecutive months

Crypto-friendly Signature Bank was the most popular among industry firms seeking PPP loans

A review of data from the U.S. government’s Payroll Protection Program reveals that two crypto-friendly banks were the most popular among those seeking such loans. The Block’s Steven Zheng found that Signature Bank and Silicon Valley Bank — both of which maintain a range of crypto industry firms as clients — facilitated nine and eight …

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Mapping out M&A acquisitions within the digital asset industry

Mapping out M&A acquisitions within the digital asset industry

Quick Take Since 2013, a total of 134 M&A transactions have been conducted within the blockchain sector, with a reported total value of approximately $2.7 billion Cryptocurrency exchanges have led the way for the most number of M&A deals The Block has provided a directory on the details of each deal, including the purchaser, date, …

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CoinFLEX overhauls strategy to focus on building a ‘repo’ market for the crypto industry

CoinFLEX overhauls strategy to focus on building a ‘repo’ market for the crypto industry

In a bid to breathe new life into its market for crypto derivatives, Hong Kong-based CoinFLEX is relaunching its platform and focusing on what it says will bring a digital asset twist to the repo market. Launched in 2019, CoinFLEX first emerged as a marketplace for physically-delivered futures. Despite some initial success, the firm has …

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Industry Group Led by Polychain, Coinbase Seeks to Get Ahead on Staking Regulations

Industry Group Led by Polychain, Coinbase Seeks to Get Ahead on Staking Regulations

The Proof of Stake Alliance (POSA), an industry advocacy group, is publishing a series of recommended standards for companies participating in a proof-of-stake consensus protocol in an effort to reduce regulatory clampdowns on different networks. The group met with members of the U.S. Securities and Exchange Commission (SEC) earlier this year to discuss their proposals …

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Binance, Coinbase were the most active industry hirers in 2020’s first quarter

Binance, Coinbase were the most active industry hirers in 2020’s first quarter

Exchanges Binance and Coinbase were the most active hirers in the crypto industry during the first quarter of 2020. Both exchanges posted at least six jobs during the quarter, according to research conducted by The Block’s Steven Zheng. Crypto wallet Ledger, custodian BitGo and Ripple also posted at least five jobs each in Q1 2020. …

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