The Block

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The Block

The first and final word in digital assets

Cathie Wood’s Ark Invest buys more Bitmine, Bullish shares, doubling down on crypto dip
The firm also purchased $12.4 million worth of shares in Robinhood, which saw a notable 9% decline for the day....

‘Cupid doesn’t ask for crypto’: DOJ warns of romance scams as Valentine’s Day nears
The U.S. DOJ has warned Americans to beware of romance scams involving cryptocurrency ahead of Valentine’s Day....

South Korean police lose seized bitcoin held in cold wallet since 2021
Police authorities have launched an internal probe to determine the circumstances of the incident and potential internal involvement....

US spot bitcoin ETFs bleed $410 million as BTC slips below $66,000
US spot bitcoin ETFs recorded $410 million in outflows as bitcoin fell below $66,000 after stronger-than-expected jobs data....

Bitcoin trading firm CEO sentenced to 20 years over $200 million ponzi scheme
Ramil Ventura Palafox falsely promised investors 0.5% to 3% daily returns when the company was not able to produce such amounts, per the DOJ....

CFTC Chair Selig appoints crypto heavyweights to 35-person innovation advisory panel
CFTC Chair Selig said the IAC will help shape the watchdog's oversight of "breakthrough" technologies like AI and blockchain....

New England man charged in alleged crypto fraud after losing nearly $1 million on gambling site
Elmin Redzepagic allegedly posed as a "cryptocurrency investor who earned high rates of return" to defraud his investors. ...

DraftKings forecasts $6.9 billion revenue guidance on ‘expected investment in DraftKings Predictions’
DraftKings Predictions was offered last December in more states than its traditional sportsbook betting platform....

Coinbase swings to $667 million loss as crypto slump drags Q4 revenue
Coinbase’s institutional and subscription businesses helped cushion the impact of weaker retail trading in the fourth quarter....

Aave Labs proposes sending 100% of protocol revenue to DAO in exchange for funding
Marc Zeller, ACI founder and prominent DAO advocate, argues Aave Labs' proposal is an attempt to cash out framed as a benevolent act. ...