The Block

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The Block

The first and final word in digital assets

Bitcoin stalls after post-FOMC slide as inflation data looms over December, analysts say
With bitcoin under $90,000, analysts say this week's macro releases will likely set the tone for the rest of December....

UK aims to regulate crypto like financial products by 2027
With the move, the UK government aims to ramp up transparency in the digital asset sector, according to The Guardian....

The Funding: Why privacy is a hot narrative in crypto right now
Privacy tokens are rallying, new infrastructure is gaining steam, and VCs are paying closer attention to this area....

Aevo’s legacy Ribbon DOV vaults exploited for $2.7 million following oracle upgrade
In response, Aevo is decommissioning all Ribbon vaults, which lost about 32% of their assets in the oracle manipulation exploit. ...

Brazil’s largest bank recommends a 3% Bitcoin portfolio allocation: ‘real diversification’
A partner at the investment arm of Itaú Unibanco, the largest private bank in Latin America, is urging investors to allocate a portion of their portfolios to bitcoin as a “dual opportunity” for a...

Binance to advise Pakistan on $2 billion asset tokenization as country prepares stablecoin launch
Pakistan also granted preliminary clearances to Binance and HTX to prepare its license applications for a full launch in the country. ...

‘Bitcoin Rodney’ faces decades in prison as feds add wire fraud to HyperFund charges
Rodney Burton used to promote crypto alongside Jamie Foxx and Rick Ross; now, he faces decades in prison on wire fraud and money laundering charges. ...

Exor unanimously rejects Tether’s $1.3 billion bid to acquire Juventus football club
Tether holds a minority stake of over 10% in Juventus, and has a seat on the board, but its bid to buy the team in full was rejected in less than 24 hours. ...

Fogo cancels $20 million pre-sale, will airdrop tokens instead in upcoming mainnet launch
Fogo will airdrop the tokens set aside for a pre-sale next week, a change in strategy to better distribute tokens and reward early users....

Crypto giant Tether offers to buy famous Italian football club Juventus
Tether, already a minority shareholder in Juventus, is "prepared to invest 1 billion Euros in the support and development of the club."...