Author Archives: TheBlock.co

September NFT data wrap: Minting on Solana hits new high

Solana’s NFT space saw a surge in minting this month despite NFT market volumes  showing little improvement following the crash earlier this year. SudoAMM has conducted $50 million in trading since its launch, proving there’s a market for royalty-free NFT trading despite the controversy they generate. The most popular web3 game of September saw almost[Read more…]

Token management platform Magna closes $15 million funding round

Token management platform Magna raised $15.2 million at a $70 million evaluation. The funding round was led by venture capital firms Tiger Global and Tusk Ventures, CoinDesk first reported. Shima Capital, Circle Ventures, Solana Ventures, Avalanche Labs and Galaxy Labs also participated in the round, as well as individual investors like DJ Steve Aoki and co-founder and[Read more…]

Chainalysis and U.S. law enforcement recover $30 million from North Korea-linked Ronin exploit

Blockchain analytics firm Chainalysis and U.S. law enforcement recovered $30 million in stolen crypto from the North Korea-linked hack on Ronin, the main blockchain for the web3 play-to-earn game Axie Infinity.  “This marks the first time ever that cryptocurrency stolen by a North Korean hacking group has been seized, and we’re confident it won’t be[Read more…]

BNB Chain announces zero-knowledge proof scaling technology

Binance’s Layer 1 BNB chain has announced its own zero-knowledge (ZK) proof scaling technology, which it coined zkBNB. Zero-knowledge proofs are one of the viable long-term solutions for decentralized blockchain scalability, as Ethereum co-founder Vitalik Buterin highlighted in his ‘Endgame’ article. It is an emerging scaling and privacy technology that utilizes mathematical proofs to enable the verification[Read more…]

Layer by Layer Issue 37: Harmony, BNB Chain, and Polkadot

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding The recent exploit of the Harmony Horizon bridge has had rippling effects in the Harmony ecosystem, which now faces a steep uphill climb[Read more…]

loomberg expands terminal data offering with 40 new cryptocurrencies

Bloomberg announced on Thursday that it has expanded its data coverage on the Bloomberg Terminal, which will now include 50 cryptocurrencies.  Users of its professional terminal will be able to see data on bitcoin (BTC), ether (ETH), binance coin (BNB) and solana (SOL), among others, according to the announcement. This will enable clients to access[Read more…]

Farfetch to begin accepting crypto payments, following other luxury companies

Farfetch, an online luxury fashion marketplace, said it will begin accepting cryptocurrency payments later this year, following Gucci and other upmarket companies that have embraced crypto to expand their businesses. Farfetch will initially accept seven cryptocurrencies including Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB), among others, it said in a post on its website.[Read more…]

SEC is investigating Binance’s BNB token: Bloomberg

The Securities and Exchange Commission (SEC) is reportedly investigating whether Binance’s BNB token was a security at the time of its sale in 2017. Bloomberg reported Monday that the SEC has launched a probe into the BNB token. The US securities regulator is taking a look at the early days of the exchange, examining whether[Read more…]