industry

Glitch caused 'superficial' issue, indicative of 'emerging industry' says Coinbase exec

Glitch caused ‘superficial’ issue, indicative of ’emerging industry’ says Coinbase exec

The cryptocurrency market as well as the infrastructure built around it are still in the developing phase. Therefore, the possibility of glitches can’t be ruled out. Even so, such hiccups need to be fixed to maintain a smooth sail over its projected course. Becoming a trillionaire for a couple of hours?  Popular data provider CoinMarketCap …

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The Future of Crypto: The Industry That Once Focused Solely on Bitcoin Is Rapidly Evolving

The Future of Crypto: The Industry That Once Focused Solely on Bitcoin Is Rapidly Evolving

When bitcoin was introduced by the Satoshi paper in 2008, it presented a novel and liberating concept – a peer-to-peer, decentralized payment system that can be used by anyone, anywhere and for everything. It did not require intermediaries or exchange rate to function and created a single globally used currency for any type of transaction. …

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An exit interview with Brian Quintenz on his move from the CFTC to the crypto industry

An exit interview with Brian Quintenz on his move from the CFTC to the crypto industry

Quick Take Recently departed CFTC Commissioner Brian Quintenz has a new position advising a16z on crypto. The Block caught up with Quintenz to get his thoughts on the direction of his old agency, the CFTC versus SEC debate, and why he joined a16z. This feature story is available to subscribers of The Block Daily. You …

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Chinese Agency Reinstates Goal to Phase Out Crypto Mining Industry — CoinDesk

Chinese Agency Reinstates Goal to Phase Out Crypto Mining Industry — CoinDesk

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk …

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Industry leader on Bitcoin price target: I know that sounds crazy from your normal market standpoint

‘Bitcoin is going to double over the next five or six months, And I know that sounds crazy from your normal market standpoint.’ These were the bullish sentiments of Pantera Capital CEO Dan Morehead in a recent interview. The same exec had previously predicted BTC’s price level to hit $115k by August 2021. Considering the …

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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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