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The Block

Latest news about Cryptocurrency, Blockchain, DeFi, NFTs & DEXs. Live price and charts for Bitcoin, Ethereum and other tokens.
Coin Center warns 'draconian' surveillance policies could still drive crypto investors from US
Coin Center warns 'draconian' surveillance policies could still drive crypto investors from US

Quick Take Coin Center identifies three key threats: tax reporting, Tornado Cash sanctions, and unlicensed money transmission. Surveillance regulations chill innovation, drive developers away, and fail to prevent criminal misuse. Legislative solutions like the Blockchain Regulatory Certainty Act are crucial for safeguarding crypto freedoms.

The Block·2024/11/21 16:00
PayPal executes first business transaction using its PYUSD stablecoin: Bloomberg
PayPal executes first business transaction using its PYUSD stablecoin: Bloomberg

Quick Take PayPal completed its first business transaction using the PYUSD stablecoin when the digital payments firm paid an invoice to accounting giant Ernst & Young. The Silicon Valley-based company is trying to demonstrate the ease of using its proprietary stablecoin for commercial transactions.

The Block·2024/10/02 16:00
The Daily: SEC appeals Ripple case ruling, Swift plans live bank trials of digital asset transactions and more
The Daily: SEC appeals Ripple case ruling, Swift plans live bank trials of digital asset transactions and more

The SEC appealed a previous ruling in its case against Ripple, citing conflict with Supreme Court precedent.Swift is set to begin live bank trials of digital asset transactions over its global messaging network in 2025.Binance Labs has invested an undisclosed sum in Sophon, a ZKsync “elastic chain” Layer 2 network built using Matter Labs’ ZK Stack.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

The Block·2024/10/03 17:36
Bitcoin demand slumps amid Middle East tensions, analysts cite selling pressure
Bitcoin demand slumps amid Middle East tensions, analysts cite selling pressure

Quick Take CryptoQuant’s Net Taker Volume metric remains subdued since the escalation of tensions in the Middle East on Tuesday. Despite the impact of Middle East tensions on bitcoin, QCP Capital analysts view the dip as temporary and anticipate the “Uptober” rally will continue.

The Block·2024/10/02 16:00
Robinhood exec Dan Gallagher rules out leading SEC
Robinhood exec Dan Gallagher rules out leading SEC

Quick Take Dan Gallagher was on the list of potential chairs to lead the SEC in a new administration. Gallagher said he is dedicated to Robinhood and said he is “eager to work with the incoming administration” and the next SEC chair in an emailed statement to The Block.

The Block·2024/11/21 16:00
UK set to unveil crypto and stablecoin regulations in early 2025
UK set to unveil crypto and stablecoin regulations in early 2025

Quick Take The UK Labour government will unveil a comprehensive cryptocurrency regulatory framework in early 2025, aiming to simplify oversight and address key areas like stablecoins and staking. The UK’s plan to release its crypto framework next year reflects a global race to regulate the industry, with other jurisdictions, such as the EU, already advancing strategies to attract innovation and economic opportunities.

The Block·2024/11/21 16:00
Crypto industry reacts to Gary Gensler's departure as SEC Chairman
Crypto industry reacts to Gary Gensler's departure as SEC Chairman

Quick Take Major crypto players said bitcoin and the broader crypto industry might flourish following Gensler’s departure in January.

The Block·2024/11/21 16:00
Polymarket blocks French users amid regulatory scrutiny over $80 million Trump election bet
Polymarket blocks French users amid regulatory scrutiny over $80 million Trump election bet

Quick Take Prediction marketplace Polymarket has restricted users in France from accessing its platform, according to a message shown when trying to access the site from the country. The French government’s online gambling regulator is reportedly investigating the site just weeks after whale “Théo,” a French national, profited nearly $80 million betting on Donald Trump to win November’s U.S. presidential election.

The Block·2024/11/21 16:00
Cboe announces December debut of spot bitcoin ETF index options
Cboe announces December debut of spot bitcoin ETF index options

Quick Take Cboe Global Markets will launch the first cash-settled index options tied to spot bitcoin ETFs on December 2.

The Block·2024/11/21 16:00