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SEC Asks for Increased Funding to Tackle Crypto Market Risks and Wrongdoing


U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has asked Congress for more funding for his agency to address “risks in the crypto markets.” In a Senate hearing, he stressed: “We’ve seen the Wild West of the crypto markets, rife with noncompliance...

OpenSea’s New Deal, McNuggets Land in the Metaverse


This week, OpenSea introduced “Deals,” allowing NFT collectors to trade directly with one another and McDonald’s launched McNugget Land in The Sandbox, inviting users to interact with pixelated nuggets and play mini-games

Crypto Firm RISC Zero Secures $40M Funding Round Led by Blockchain Capital


RISC Zero, a startup that builds zero-knowledge (ZK) proof software, has raised $40 million in a Series A funding round led by the major crypto-focused investor Blockchain Capital. In its announcement of the closing of the funding round, RISC Zero said the fresh capital will be used to bring...

Web3 VC Funding Takes a Nosedive: Crunchbase Data Shows 76% Drop


Funding of Web3 firms from venture capitalists has dropped 76% in the second quarter this year as compared to the same quarter in 2022, Crunchbase data revealed.  Web3 firms raised just over $1.8 billion in the second quarter of 2023 as compared to $7.5 billion during the same period last year. ...

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