The U.S. Senate is scheduled to move forward with its consideration of Gary Gensler as chair of the Securities and Exchange Commission (SEC) on April 12, according to an update to the legislative body's executive calendar.  A new notice says the Senate will go into executive session after morning bu...
The board of commissioners for Florida's Miami-Dade County has approved the deal that will see crypto exchange FTX secure the naming rights to the sporting arena used by the Miami Heat professional basketball team. The vote saw just one commissioner -- René Garcia of Miami-Dade's District 13 -- vote...
Blockchain analytics firm Chainalysis announced Friday that it secured $100 million in Series D funding, tipping the company’s valuation above $2 billion.  Paradigm, a crypto investment company, led the new round of funding. Addition and Ribbit Capital, investors from Chainalysis’ Series C and B rou...
Kentucky's governor signed a pair of legislative bills focused on cryptocurrency mining incentives into law. As previously reported by The Block, the bills in question were finalized and approved by state lawmakers earlier this month. One measure is focused on clean energy use incentives whereas the...
HM Revenue & Customs, the United Kingdom’s tax authority, will publish new guidance on cryptocurrency taxation next week. The update, due March 30, will consolidate two existing pieces of guidance on crypto tax into a single “crypto manual”, according to people with knowledge of the situation. T...
L'Atelier BNP Paribas CEO John Egan has said that ether (ETH) is likely a "significantly safer" investment than non-fungible tokens (NFTs) at this point. That is because Ethereum provides an infrastructure to NFTs, according to Egan. "Ethereum is clearly the big winner when it comes to NFTs," Egan t...
Ethereum Layer 2 scaling solution Optimism has delayed the public launch of its mainnet. The mainnet was scheduled to roll out this week, but it has now been postponed at least until July. The new schedule is just a rough estimate, said Optimism, because the launch is a "collaborative effort" of the...
Quick Take Teen artists are converting their artwork into non-fungible tokens (NFTs) and selling their pieces for thousands of dollars.  18-year-old artist FEWOCiOUS is one of the many young creatives that has garnered fame and recognition in the space, inspiring many to follow in his ...
Major Chinese state-owned banks have opened the doors to applications from members of the public seeking access to digital yuan wallets in Shanghai and Beijing. The development indicates that the multi-stage digital yuan tests occurring in different parts of China are in the process of widening in s...
An auction for a non-fungible token tied to a New York Times column has sold for 350 ETH -- an amount worth nearly $560,000 at current prices. As previously reported, the column was put up for sale by NYT writer Kevin Roose. The auction, which ended Thursday afternoon, ultimately fell in favor of Fo...

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