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Foresight Ventures Acquires Majority Stake in The Block


Foresight Ventures, a Singaporean Web3 VC firm, has announced it acquired a majority stake in The Block, a cryptocurrency-focused news outlet. The deal, which values The Block at around $70 million, will allow the news platform to purchase the stake belonging to former CEO Mike McCaffrey, who...

Uniswap V3 User’s Costly Liquidity Pool Error: $700,000 Lost to MEV Bot


A trader using the decentralized exchange (DEX) Uniswap V3 lost over $700,000 after he entered wrong values while creating a new liquidity pool. According to an X post from on-chain analytics firm Arkham, the user added a total of $1.5 million of liquidity in the WBTC-CRV pool he created on Uniswap...

FASB Says Crypto Assets Should Be Marked at Current Values


The first U.S. accounting rule specifically for cryptocurrency will say that companies must use a fair-value approach that would demand certain digital assets be measured at what they would trade for in the markets, according to the Financial Accounting Standards Board (FASB)

USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement


The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California’s Silicon Valley...

Code vs. Values: The Crypto Twist on ‘Trust’


The annual Edelman Trust Barometer shows that society has worsening trust issues. Crypto promises a different type of trust alternative and nudges us toward a new understanding of the word

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