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...
Market intelligence platform Blockdata has identified Samsung as the most active investor in blockchain over the past year.
The Korean tech giant participated in thirteen funding rounds from September 2021 to June 2022 for companies including Bored Apes Yacht Club developer Yuga Labs,...
Ukraine has detailed exactly how it spent over $54 million in donations from the crypto community.
In the early days of the war, Ukraine began accepting cryptocurrency donations from kind-hearted folk around the world wanting to help the country defend itself from Putin’s war of...
Redlight Finance is preparing to launch a blockchain that it believes solves the infamous “trilemma” of earlier platforms.
The Block caught up with Rory (aka "RED") to learn more about Redlight Chain and why it’s proceeding with launching in a bear market.
The...
DeFi protocol Aave has banned Tron founder Justin Sun for receiving funds from sanctioned crypto mixer Tornado Cash.
Tornado Cash enables criminals to launder cryptocurrency. Differing reports by crypto analytics platform Elliptic and the US Treasury estimate the mixer has been used...
A report by Ripple suggests that most financial institutions plan to start using crypto within the next three years.
Despite the bear market, financial institutions remain interested in the cryptocurrency space. Just this week, $10 trillion asset manager BlackRock launched a spot...
Layer 2 Ethereum scaling platform Polygon has seen more than 37,000 decentralised applications (dApps) developed on its network, a 400% increase since the start of 2022.
The figures were sourced from partnered Web3 development platform Alchemy and represent the cumulative number of...
Ethereum founder Vitalik Buterin has downplayed the impact of Proof of Work (PoW) forks of the leading smart contract platform. Chainlink, meanwhile, has confirmed it will not support any such forks.
Bitcoin pioneered the PoW consensus that was adopted by Ethereum. PoW is...
After launching a non-fungible token (NFT) pilot on Instagram for American users earlier this year, Meta has announced plans to expand its NFT features to as many as 100 other countries.
The test launch for the NFTs on Instagram went live in May to select creators in the United...
Cross-chain bridge Nomad has fallen victim to a “free-for-all” exploit that drained around $190 million in crypto.
Just last week, Nomad announced that it had secured $22.4 million in seed funding from high-profile backers including Coinbase Ventures, Crypto.com Capital, and...
DeFi cross-chain interoperability protocol Nomad has secured a $22.4 million (£18.4m) seed round from leading investors in the crypto industry.
Crypto investment firm Polychain led the round, with Coinbase Ventures, Crypto.com Capital, OpenSea, Wintermute, Gnosis, Algaé and Polygon...
Texas-based Bitcoin mining company Compass Mining has revealed expansion plans for one of its data centres through a hosting partnership with Compute North.
The 75 megawatt expansion comes two weeks after Compass Mining laid-off 15% of its staff and implemented salary cuts for its top...
A former manager for popular cryptocurrency exchange Coinbase has been charged with insider trading.
32-year-old Ishan Wahi was a product manager at Coinbase Global. The Seattle resident was arrested alongside his 26-year-old brother Nikhil Wahi on Thursday morning.
The Wahi...
Cryptocurrency exchange Blockchain.com is cutting 25% of its workforce, equating to about 150 people, the firm has announced.
The company cited the harsh bear market conditions and the need to absorb financial losses. The exchange recently revealed it was dealing with a $270 million...
Cryptocurrency exchange Binance has been slapped with a $3.3 million fine by the central bank of the Netherlands.
The central bank, De Nederlandsche Bank (DNB), issued Binance Holdings with the fine after the exchange failed to gain regulatory approval to operate in the...
More than 2.6 million of Shenzhen’s 18 million residents signed up for the Chinese city’s upcoming airdrop of 30 million digital yuan, or e-CNY.
City officials announced the airdrop two months ago as part of a recovery plan to stimulate consumer spending after the country’s most...
Internet Computer Protocol has achieved the milestone of processing one billion blocks in just over a year in production.
The project’s lead developer, Zürich-based nonprofit DFINITY Foundation, made the announcement earlier today.
“Internet Computer is a unique...
Blockchain fintech company Millicent Labs has completed a sandbox test for a full-reserve digital currency (FRDC) with co-funding from the UK government’s Research and Innovation branch.
An FRDC is a privately issued digital currency pegged to a fiat currency, according to...
Decentralised finance (DeFi) and liquidity giant Aave plans to launch a new kind of over-collateralised stablecoin called GHO despite confidence in stablecoins being at a lull.
With GHO, users could borrow the stablecoin whilst still earning yields on any assets they have locked with...
Cardano’s much-anticipated Vasil upgrade has successfully launched on the project’s testnet.
Vasil is the most significant upgrade for Cardano since ‘Alonzo’ in September 2021 which brought smart contracts to the platform.
The platform’s main developer, IOHK,...
Blockchain analytics firm Nansen now supports tracking Solana’s large NFT ecosystem.
Nansen says Solana has been one of its most requested chains and has a “thriving” NFT ecosystem.
The real-time, on-chain data provided by Nansen certainly shows the demand for...
OpenSea, the leading non-fungible token (NFT) marketplace, has warned its users after discovering an employee of email management platform Customer.io has leaked OpenSea customer’s emails to a third party.
Any user who has their email address registered with OpenSea, whether it’s...
KPMG, one of the Big Four global accounting firms, is investing £25 million into web3 training for its employees to explore potential metaverse use cases.
The centrepiece of the project will be a collaboration hub built to explore metaverse applications in industries such as...
