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An updated analysis of blockchain-related references in scholarly journals

December 2, 2021, 3:28PM EST • 2 min read Quick Take The Block Research examines the growth of blockchain-related citations in scholarly journals using data from Google Scholar. 2021 saw the lowest annual growth rate for blockchain-related scholarly citation. Join The Block Research for exclusive research like this Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s …

Current state of DeFi in 2021: Part 2

December 2, 2021, 3:27PM EST • 9 min read Quick Take This is a section from The Block Research’s upcoming 2022 Digital Assets Outlook report The nature of decentralized stablecoins became more diverse with the rise of algorithmic stablecoins backed by fractional reserves or endogenous collateral Centralized custodians played a pivotal role in bringing Bitcoin into DeFi Lido denominated the liquid staking sector with billions under management Most miner extractible value originated from arbitrage Join The Block Research for exclusive …

Blockchain.com launches beta version of its own NFT marketplace

Crypto finance company Blockchain.com announced Thursday that it is going to be launching its own non-fungible token (NFT) platform, which will be powered by OpenSea.  While its NFT marketplace is still in the beta stage and requires individuals to sign up on a waiting list, Blockchain.com now joins one of many other crypto firms entering the NFT market. The firm’s forthcoming NFT marketplace will enable individuals to purchase, sell, and store NFTs inside their Blockchain.com wallet.  “The growth and excitement …

SEC charges operator of ICO and cloud crypto mining schemes

On December 2, the Securities and Exchange Commission announced charges against Ivars Auzins over a series of digital asset-related investment schemes that the SEC is calling fraudulent. The SEC highlighted a 2018 initial coin offering for a token called Denaro, for which Auzins’ allegedly gathered $11 million worth of investments before the project disappeared. Another scheme, Innovamine, allegedly promised investors the opportunity to mine crypto using cloud computing. Auzins was accused of collecting over $7 million for Innovamine before disappearing …

Coinbase clients are staking more than $30 billion worth of crypto assets

Coinbase announced Thursday that is has more than $30 billion worth of crypto assets staked on its platform as of November 2021. Coinbase holds these assets on its Cloud platform, which it operates along with staking infrastructure firm Bison Trails. Coinbase acquired Bison Trails earlier this year for a reported price of above $80 million. Coinbase says Bison Trails is a non-custodial platform, meaning it does not control clients’ staked assets. Coinbase clients and non-custodial users have staked the massive …

Brazilian users of fintech Mercado Pago can now buy, sell and hold crypto through Paxos partnership

Latin America fintech Mercado Pago has partnered with Paxos to allow its Brazil-based users to buy, hold and sell cryptocurrencies directly in the app they use to make payments and send money.  The app will initially support bitcoin, ethereum and Paxos’ dollar-pegged stablecoin, Pax Dollar (USDP). Paxos will be the custodian for the cryptocurrencies. Mercado Pago is incrementally rolling out the feature to Brazilian users this month, starting with employees. These people will immediately have access to those cryptocurrencies if …

Crypto industry accounts for a majority of campaign donations to the Senate’s leading Bitcoin advocate

Quick Take The Senate’s most outspoken crypto advocate is seeing a sizeable portion of her campaign donations coming from players in the crypto industry. As the crypto industry has become an increasingly viable force in Washington, DC, its role in political funding has been on the rise.  This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block.

Diplo, DJ Khaled, Future and Martin Garrix buy NFTs through MoonPay

Music stars Diplo, DJ Khaled, Martin Garrix and Future have bought NFTs from the Bored Ape Yacht Club collection via MoonPay’s ‘concierge service’.  In the last week, all four musicians have changed their profile pictures on either Twitter or Instagram to flaunt their purchases.  Yesterday, alongside changing his profile picture to Bored Ape #5384, producer Diplo tweeted a Spotify Wrapped image featuring the item. On November 28, rapper Future posted #4672 with the caption ‘gm’.  All of these items from …

Maven 11 Capital closes second crypto investment fund at $120 million

Maven 11 Capital, an Amsterdam-based crypto investor, has closed its second venture capital fund with a total of $120 million raised, according to an announcement. The vehicle, named Venture Fund II, is a closed-end fund that wrapped up a $40 million ‘first raise’ in June. Since then, the Maven team has made 28 investments — primarily in DeFi protocols and Web3 apps. Maven has been venture investing since 2017, and through its two funds has backed projects such as Celestia, …

DeFi protocol BadgerDAO exploited for $120 million in front-end attack

DeFi protocol BadgerDAO has fallen victim to a large hack. According to security researchers PeckShield, $120.3 million was stolen from users of the protocol. BadgerDAO is a DeFi protocol focused on providing yield for bitcoin. The idea is that you bridge your bitcoin over onto a smart contract platform like Ethereum, as wrapped bitcoin, which you can then use within DeFi applications. BadgerDAO provides a variety of vaults where users can park their wrapped bitcoin and earn yields depending on …