Celia Wan

Celia joined The Block as a reporter after earning her BA in the History of Science from the University of Chicago. Having spent years pondering over why 2+2 cannot equal 5, she is interested in the history and philosophy of mathematics, computation, and cryptography. She also had a very brief stint at Crunchbase News.

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Dragonfly managing partner: Balancer's and FCoin's liquidity mining programs are "very different"

Balancer’s liquidity mining program is very different from FCoin, the infamous Chinese crypto exchange that lost around $130 million of user funds, according to Dragonfly Capital’s Haseeb Qureshi. In a recent webinar with The Block, Qureshi pointed out that unlike FCoin, which incentivized users to wash trade by rewarding transactions with the exchange’s native token […]
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Jul 7, 2020, 10:32PM UTC

The price of DeFi protocol Balancer’s governance token surges over 200% on first trading day

Balancer, an Ethereum-based automated market maker exchange protocol, has officially deployed its governance tokens on the Ethereum mainnet. Announcing the news on Tuesday, the Balancer team said almost 1,000 Ethereum addresses would receive the governance token BAL today, and a total of 35,435,000 BAL has been minted as of Tuesday. Soon after the deployment, the […]
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Jun 23, 2020, 9:33PM UTC

Crypto exchange FTX to list COMP and cUSDT on its spot and derivatives exchanges

Cryptocurrency exchange FTX is listing decentralized lending protocol Compound’s governance token COMP and cUSDT this week, The Block has learned.  The exchange’s CEO Sam Bankman-Fried confirmed to The Block that it will be listing COMP and cUSDT on both FTX and FTX US for spot trading. Meanwhile, it will also launch a slew of futures […]
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Jun 18, 2020, 7:48PM UTC

Matter Labs deploys zkRollup-based scaling tool on Ethereum's mainnet

Research group Matter Labs has deployed its Layer 2 scaling tool on the Ethereum mainnet. Based on a technology called zkRollup, the new tool, called zkSync, aims to pave the way for larger transaction volumes and less network pressure on Ethereum.   zkSync promises to achieve a maximum throughput of 2,000 transactions per second and an […]
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Jun 18, 2020, 2:34PM UTC

A conversation with Whale Alert, one of crypto Twitter's most mysterious watchdogs

It is hard to be on Crypto Twitter without noticing Whale Alert.  With more than 232,000 followers, it is one of the most famous crypto accounts on Twitter. Whale Alert is known for being one of the first heralds of large token movements by particularly rich blockchain addresses — also known as “whales.”  The account’s […]
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Jun 17, 2020, 9:26PM UTC

A leaked note that CZ sent to Binance staff says the exchange will defend itself against 'desperate' Chinese competitors

In an internal note sent out today and obtained by The Block, Binance CEO Changpeng Zhao (CZ) lashed out at unnamed Chinese competitors, accused them of “trying to attack” the exchange, and told the company’s employees that Binance will defend itself. The note, whose authenticity was confirmed by multiple Binance employees, was written in both […]
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Jun 16, 2020, 5:35PM UTC

Compound governance token begins its first day of trading

COMP, the governance token of decentralized finance (DeFi) lending protocol Compound, is currently trading at around $62 on decentralized exchange Uniswap, a few hours after the protocol started distributing them on Monday. The Compound team announced earlier today that it had started distributing COMP to users. Soon after, a COMP-ETH market was opened on Uniswap, […]
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Jun 15, 2020, 10:12PM UTC