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The Block

Latest news about Cryptocurrency, Blockchain, DeFi, NFTs & DEXs. Live price and charts for Bitcoin, Ethereum and other tokens.
German authority orders eyeball-scanning World project to delete data after investigation
German authority orders eyeball-scanning World project to delete data after investigation

Quick Take A German regulator, the Bavarian State Office for Data Protection Supervision, ordered World, the human-verification project previously known as Worldcoin, to delete biometric data collected from scanning people’s eyeballs. World said that it has changed its processes, and the results of the German regulator’s investigation “largely” pertains “to outdated operations and technologies that have been replaced in 2024.”

The Block·2024/12/18 16:00
Bitcoin's market cap reaches new all-time high against gold
Bitcoin's market cap reaches new all-time high against gold

Bitcoin’s market cap has reached 14% of gold’s market cap, marking a new all-time high.Additionally, bitcoin ETFs have surpassed gold ETFs in AUM.

The Block·2024/12/19 13:00
Ark Invest sells $3.9m worth of Coinbase shares amid price drop following Powell's hawkish speech
Ark Invest sells $3.9m worth of Coinbase shares amid price drop following Powell's hawkish speech

Quick Take Ark Invest offloaded 13,780 Coinbase shares on Wednesday — worth $3.9 million — as the investment firm rebalanced its fund weightings. Coinbase stock closed at $279.86 on Dec. 18, down over 10% following Fed Chair Jerome Powell’s hawkish speech.

The Block·2024/12/18 16:00
Hong Kong accelerates crypto exchange licensing with four new approvals
Hong Kong accelerates crypto exchange licensing with four new approvals

Quick Take The Securities and Futures Commission said it approved licenses to four additional exchanges under its “swift licensing process.” The newly approved exchanges were HKbitEX, Accumulus, DFX Labs and EX.IO.

The Block·2024/12/18 16:00
El Salvador to limit bitcoin activities for $1.4 billion deal with IMF
El Salvador to limit bitcoin activities for $1.4 billion deal with IMF

Quick Take El Salvador has reached a deal with the IMF to limit various bitcoin-related activities in exchange for a loan of $1.4 billion. Specific requirements of the deal include limiting the public sector’s bitcoin purchases, and the wind-down of public bitcoin wallet Chivo.

The Block·2024/12/18 16:00
Bitcoin drops below $100,000 after Fed Chair Powell’s comment against BTC reserve
Bitcoin drops below $100,000 after Fed Chair Powell’s comment against BTC reserve

Bitcoin fell below the $100,000 mark on Wednesday following Federal Reserve chair Jerome Powell’s comments.Powell spoke against the idea of a U.S. national bitcoin reserve, while giving a hawkish 2025 outlook.

The Block·2024/12/19 03:33
Federal judge says Coinbase can delist wBTC, denying Justin Sun-affiliated BiT Global's bid for a temporary restraining order
Federal judge says Coinbase can delist wBTC, denying Justin Sun-affiliated BiT Global's bid for a temporary restraining order

Quick Take A California judge has ruled that Coinbase can delist wrapped bitcoin while denying BiT Global’s request for a temporary restraining order. Coinbase announced it would remove the tokenized bitcoin product after its custodian partnered with the Hong Kong-based firm with ties to Justin Sun. A Coinbase representative said the exchange may look to sanction the plaintiffs for bringing a spurious lawsuit.

The Block·2024/12/17 16:00
Wallet provider Exodus stock rallies 37% on NYSE American debut
Wallet provider Exodus stock rallies 37% on NYSE American debut

Quick Take Exodus Movement’s stock was listed on the New York Stock Exchange sister company, NYSE American, on Wednesday. EXOD stock is up over 37% as the trading day ends.

The Block·2024/12/17 16:00
'We're not allowed to own bitcoin,' Fed Chair Powell says in light of Trump's strategic bitcoin reserve promise
'We're not allowed to own bitcoin,' Fed Chair Powell says in light of Trump's strategic bitcoin reserve promise

Quick Take “We’re not allowed to own bitcoin,” Federal Reserve Chair Jerome Powell said during a news conference on Wednesday. In Congress, Sen. Cynthia Lummis, R-Wyo., has a draft bill circulating that would direct the U.S. Treasury to buy one million bitcoin over a period of five years.

The Block·2024/12/17 16:00
The Daily: World Liberty Financial teams up with Ethena, Polygon rejects $1.3 billion stablecoin proposal and more
The Daily: World Liberty Financial teams up with Ethena, Polygon rejects $1.3 billion stablecoin proposal and more

Quick Take World Liberty Financial, the fledgling DeFi project supported by President-elect Donald Trump, announced a “long-term collaboration” with synthetic dollar project developer Ethena Labs, starting with the implementation of sUSDe as a collateral token on the WLFI protocol. Polygon community members rejected a recent preliminary proposal to deploy $1.3 billion in stablecoins from the PoS Chain bridge for yield generation, citing security and user consent concerns. Ethereum Name Service (ENS), which

The Block·2024/12/17 16:00