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Cardano Developer IOG Restructures to Venture Studio Model, Lays Off Some Staff
12.6.2023
The blockchain research and engineering company has cut jobs as it pivots to a smaller venture studio business model
DeFi Protocol Maverick Raises $9M Led by Peter Thiel's Founders Fund
12.6.2023
The round was led by Founders Fund and included contributions from Pantera Capital, Binance Labs, Coinbase Ventures and Apollo Crypto
Crypto Storage Firm Censo Offers Institutions Mobile Phone-Enabled Self Custody
12.6.2023
Censo is the latest in a crop of cheap, open-source options for organizations looking to store digital assets
Curve Finance Founder Deposits $24M CRV into Aave to Safeguard $65M Stablecoin Loan
12.6.2023
Curve Finance founder Michael Egorov has deposited $24 million worth of Curve DAO (CRV) tokens to decentralized lending platform Aave to mitigate against liquidation risk on a $65 million stablecoin loan
A16z Chooses London as Destination for First Office Outside U.S.
12.6.2023
The venture capital firm plans to use the office, which will open later this year, to fund growth in the crypto and startup ecosystems in the U.K. and Europe
Attacker drains $800K from DeFi protocol Sturdy Finance
12.6.2023
The lending platform responded by pausing all markets and assuring its community that no additional funds were at risk
Blockchain-Based, AI Compute Protocol Gensyn Closes $43M Series A Funding Round Led by a16z
12.6.2023
The capital infusion comes as interest in AI surges. Gensyn said it would use the money to accelerate the launch of the protocol and expand its workforce
Smart Contract Tokens and Defi Sector Suffer Steep Losses, Threatening TVL to Fall Below $40 Billion
10.6.2023
The overall value of the crypto economy has dropped by more than 5% against the US dollar in the past 24 hours, with the top smart contract token sector losing more than 8% in the same time frame. The downturn has also affected the decentralized finance (defi) sector, with the total value locked...
Russia’s Largest Bank to Allow Retail Investors to Trade Digital Assets
10.6.2023
Majority state-owned lender Sberbank is preparing to allow Russian citizens to buy and sell digital assets. Private individuals will be provided access to its proprietary blockchain platform as early as this month, a top executive of the bank announced. Sberbank to Open Digital Assets Platform...
Custodia's Suit Against Fed Over Denial of Master Account Can Proceed, Court Rules
10.6.2023
Custodia's challenge of the Federal Reserve Bank of Kansas City's decision to deny the crypto-friendly bank access to the Fed banking services can continue, a U.S. district court ruled Thursday, rejecting a Fed motion to dismiss the case. The U.S. District Court of Wyoming, however, did reject...
DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined
9.6.2023
The top-100 DeFi tokens by market capitalization had a bearish week as the total value locked in these protocols fell below $50 billion again
Jack Dorsey-Backed Nostr Platform Collaborates with Zebedee to Create New Social Media Later – How Does it Work?
9.6.2023
A rapidly growing decentralized Twitter competitor, Nostr, is collaborating with Zebedee to design a new social media.
This move would enable interoperability between Zebedee's ZBD app and Nostr apps.
Zebedee is a New Jersey-based video game payment platform with over one million Bitcoin...
Crypto.com Winding Down U.S. Institutional Business
9.6.2023
Singapore-based crypto exchange Crypto.com will no longer be offering its service to institutional clients in the U.S. due to “limited demand,” the company announced Friday
Curve Finance CEO Egorov Sued by 3 DeFi-Focused Venture Capital Firms
9.6.2023
Michael Egorov, the CEO of decentralized finance (DeFi) firm Curve Finance, is being sued for fraud by venture capital firms ParaFi Capital, Framework Ventures and 1kx in the U.S
Former CFTC Chairman Heath Tarbert Joins Circle as Chief Legal Officer
9.6.2023
Tarbert will guide the company’s global strategy as it contends with regulatory issues in the U.S
Hut 8 Says Repairs to Damaged Crypto Mining Equipment Are Taking Longer Than Expected
9.6.2023
The delays are impairing the miner's hashrate and bitcoin production
Crypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust: Source
8.6.2023
Cryptocurrency custody firm BitGo is seeking to buy Prime Trust, another crypto custody specialist regulated in the state of Nevada, according to a person familiar with the matter
Fitness App Sweat Economy to Decide Fate of 2.5 Billion Abandoned Tokens
8.6.2023
Move-to-Earn fitness platform Sweat Economy has proposed a governance vote to reassign over 2 billion abandoned SWEAT tokens.
The protocol had assigned billions of SWEAT tokens to users who signed up during its token generation event (TGE).
According to a recent blog post, several users never...
Amid Crypto Chaos, Soros Fund CEO Sees Opportunity for Traditional Finance
8.6.2023
Soros Fund Management CEO Dawn Fitzpatrick has expressed her continued faith in cryptocurrency, despite the recent setbacks.
During a recent Bloomberg investment summit, Fitzpatrick mentioned that although it is a testing time for the industry, it is a huge opportunity for established financial...
Ethereum Staked on Coinbase Sees Massive Redemptions, Over 27,000 Tokens Redeemed on June 6
8.6.2023
Recent statistics reveal that a significant amount of ethereum staked on Coinbase has been redeemed, with 27,280 tokens being redeemed on June 6. This development comes in the wake of the U.S. Securities and Exchange Commission (SEC) filing a lawsuit against Coinbase for not registering...