A deepfake of former FTX CEO Sam Bankman-Fried aims to scam victims of the exchange’s collapse.
FTX was the third-largest cryptocurrency exchange and Bankman-Fried was seen as the face of crypto in Washington. The exchange enjoyed many celebrity endorsements and secured a 19-year,...
Web3 gaming company Heroic Story has raised £5 million in a seed round led by Upfront Ventures for a blockchain-based tabletop roleplaying game (RPG).
The funding will be used to launch a live beta of the game, develop blockchain technology for a multiplayer version of the game, and...
Nike is going deeper down the web3 rabbit hole with the unveiling of its own platform.
The iconic brand is launching .SWOOSH (pronounced “dot swoosh”), a platform where fans can buy – and even co-create – virtual items.
“Web3 digital technology has opened the door...
A British Parliament committee is planning an inquiry into the benefits and risks of non-fungible tokens (NFTs) and wider blockchain technology as a whole.
The Digital, Culture, Media and Sport (DCMS) Committee will assess whether NFT investment poses a risk to vulnerable...
Major crypto exchange Coinbase is cutting 60 jobs as layoffs continue to plague the bearish cryptocurrency market.
The employees from Coinbase’s recruitment and onboarding teams will lose their jobs as the crypto industry continues to suffer from the dramatic downfall of a major...
Blockchain analytics firm TRM Labs has expanded its Series B funding round with a £60 million injection led by Thoma Bravo.
The intelligence company uses blockchain data and advanced analytics to detect and tackle financial crime.
The expanded round was led by global...
The Singapore central bank (Monetary Authority of Singapore) has approved licences for two stablecoin issuers, Circle and Paxos, to operate in the city-state.
US-based Circle, the issuer behind USD Coin (USDC), was granted approval for a major payments institution licence, meaning it...
A new alliance called the Decentralized Storage Alliance aims to increase adoption and bridge the chasm between Web2 and Web3.
Founding members of the alliance include Filecoin, AMD, Ernst & Young, and Seagate. The members bring vast experience which spans both Web2 and...
CashApp has added support for transaction payments through the Bitcoin Lightning Network.
Developed by Block Inc, CashApp is a mobile payment processing app similar to PayPal.
The new feature allows CashApp users to send and receive Bitcoin through its quicker, more...
A half of all DeFi exploits occur on cross-chain bridges and a staggering £2.2 billion has been stolen from them by hackers in the past two years.
The latest figures come from a new report by crypto data aggregator Token Terminal and stand out as enormous in comparison to other DeFi...
Aptos, a blockchain created by former Meta employees, debuted on Binance this week and soared to $100 before plunging to around $8.
The project has been called the “Solana killer” due to its claims of being able to process an incredible 130,000 transactions per second...
The South Korean government is working on a blockchain-based digital ID for its citizens that could launch as soon as 2024.
According to Bloomberg reporting, South Korean citizens will soon have access to digital IDs embedded in their mobile phones to function in the place of physical...
China’s CBDC project - the digital yuan - has seen more than 360 million transactions completed with a total value of 100 billion yuan (£12.4bn).
Although still in its pilot phase, such stats make the digital yuan, or e-CNY, the most widely adopted CBDC in the world.
The...
The Reserve Bank of India (RBI) has released a 51-page report outlining the proposed features of its in-development central bank digital currency (CBDC).
The report details the pros and cons of a digital rupee for India whilst also trying to raise awareness for the reasoning and...
Jeroen van Megchelen, CTO at Ledger Leopard, sat down with The Block to discuss enterprise blockchain solutions, accessibility to Web3, and Ethereum.
The Block: How would you introduce Ledger Leopard to our readers?
Jeroen van Megchelen: Ledger Leopard is a Web3...
BlackRock, the world’s largest asset manager, has launched a new exchange-traded fund (ETF) providing European customers with access to investment in the blockchain space.
The new ETF, called the iShares Blockchain Technology UCITS ETF, launched on 27 September and invests in 35...
The Bank for International Settlements (BIS) has declared a multinational central bank digital currency (CBDC) pilot a success.
More than £20.5 million was transacted during the month-long testing phase between commercial and central banks in Hong Kong, Thailand, China, and the...
Around one million Australians will buy into cryptocurrency for the first time over the next 12 months, according to the Annual Australian Crypto Survey commissioned by Swyftx.
Such growth would bring total crypto ownership in the country to more than five million – a fifth of...
A session at this year’s Blockchain Expo Europe highlighted that blockchain is reaching a stage of maturity that paves the way for enterprise adoption.
The session was presented by Pedro Lopez-Belmonte, Senior Manager of Web3 and Technology Innovation at Richemont, on day one of...
Zack Gall, VP of communications at EOS Network Foundation, spoke with The Block ahead of EOS's upcoming talks at Blockchain Expo Europe on 20-21 September.
The Block: What is the EOS Network Foundation’s current core focus?Zack Gall: We serve as the hub and shepherd of the EOS...
Umar Farooq, CEO of Onyx, JP Morgan’s digital assets business, made an interesting comment at a seminar held recently by the Monetary Authority of Singapore. Most of crypto, he argued, was ‘still junk.’ “With the exception of a few dozen tokens, everything else that has been mentioned...
Pierre Poilievre, a staunch crypto advocate and Ontario Member of Parliament, has won the Conservative Party of Canada’s (CPC) leadership race by a major margin.
The Alberta-born lawmaker, who said he “wants to make Canada the blockchain capital of the world”, garnered 68% of...
The Nigerian government is in discussions with crypto exchange Binance regarding a potential crypto-friendly economic zone similar to Dubai’s virtual free zone.
On 2 September, the Nigeria Export Processing Zones Authority (NEPZA), announced that it had held preliminary meetings...
With the Ethereum Merge scheduled for 15 September, NFT marketplace OpenSea has said it plans to focus its support on NFTs that are on the upgraded proof-of-stake (PoS) blockchain.
The company took to Twitter to confirm that whilst the OpenSea team is not speculating on potential...
Radix claims it will offer “practically unlimited scalability” with its novel consensus algorithm, Cerberus.
In 2019, Radix set a record for decentralised ledgers when it demonstrated the ability to process over one million transactions per second. For the demonstration, Radix...
JPMorgan head of blockchain and digital assets, Umar Farooq, has stated that the majority of crypto assets on the market today are “junk” and that it will take time for real crypto use cases to emerge.
During a panel at the Monetary Authority of Singapore’s Green Shoots Seminar...
CasperLabs believes its blockchain has solved Vitalik Buterin’s infamous trilemma and is already delivering “the vision for Ethereum 3.0”.
The Block caught up with Casper Labs’ CTO and Co-Founder Medha Parlikar, and Senior Business Development Manager Niamh O’Connell, to...
A deepfake of Binance Chief Communications Officer Patrick Hillmann is reportedly fooling “highly intelligent” people.
The attackers are using what Hillman describes as an “AI hologram” of himself to fool representatives of various projects that the CCO is helping them get...
After raising a record-breaking $4.5 billion (£3.8bn) for its latest crypto fund earlier this year, Andreessen Horowitz (a16z) has said it sees the ongoing market downturn as an investment opportunity.
Chris Dixon, the founder of a16z’s crypto arm, believes cryptocurrency has the...
PLC Ultima aims to spread opportunity with an ecosystem that anyone can use in their daily lives.
The Block caught up with Alex Reinhardt, Founder of PLC Ultima, to learn more about the project and get the crypto expert’s views on the uncertain regulatory...
