Google Cloud becomes main validator on Cronos blockchain
Google Cloud will contribute to Cronos’ decentralization and security, along with other notable validators like Crypto.com and Blockdaemon.
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PwC’s global crypto tax report reveals the need for further regulatory guidance
One of the Founding Fathers of the United States, Benjamin Franklin, once said: “But in this world, nothing can be said to be certain, except death and taxes.” While this phrase was realized in 1789, the same still holds true today. The only difference is that taxes are slowly but surely catching up with crypto…

DeFi flash loan hacker liquidates Defrost Finance users causing $12M loss
Moments after a few users complained about the unusual loss of funds, Defrost Finance’s core team member Doran confirmed that Defrost V2 was hit with a flash loan attack. Ho-ho-ho! Get Limited Holiday Trait!Collect this article as NFTDefrost Finance, a decentralized leveraged trading platform on Avalanche blockchain, announced that both of its versions — Defrost…

CoinFund launches $300M early-stage Web3 venture fund
The New York- and Miami-based VC firm said several of its seed-stage crypto investments are preparing Series A funding rounds. 226 Total views 4 Total shares Blockchain venture firm CoinFund has launched a new investment fund devoted to Web3 and other crypto-focused startups, opening the door to fresh funding opportunities for entrepreneurs during the bear…

CZ and Binance face new lawsuit, RFK Jr suspends campaign, and more: Hodler’s Digest Aug. 18 – 24
Binance and former CEO CZ face lawsuit by investors over unrecoverable assets; RFK Jr. suspends, but doesn’t end, campaign: Hodler’s Digest.

DeFi, DAOs and NFTs: Crypto is redefining how charities raise funds
Non-fungible tokens (NFTs), decentralized autonomous organizations (DAOs), and decentralized finance (DeFi) are redefining how charities raise donations and distribute funds to those most in need. Through ever-evolving crypto and blockchain-related technology, crypto philanthropists told Cointelegraph that they've witnessed “new wealth distribution mechanisms" never seen before. “Philanthropy has traditionally been seen as a high-cost-of-entry, individualistic activity but with web3, collective…

Andreessen Horowitz aims to raise $4.5 billion to invest in crypto funds
Last week, A16z reportedly said it would raise $3.5 billion for its VC fund, as well as another $1 billion for Web3 seed investments. 261 Total views 16 Total shares A16z, a VC company with investments in Protocol Labs, Polychain Capital and Opensea among others, is now planning to raise $4.5 billion for its latest…

Coinbase Wallet Adds Support for Dogecoin to Wallet App
American major cryptocurrency exchange Coinbase has added support for Dogecoin (DOGE) to its crypto wallet service Coinbase Wallet, according to an announcement published on May 1.The announcement states that users can now store DOGE directly in the Coinbase Wallet app. The coin thus joined other digital currencies — bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH),…

US DoJ Charges Group of Individuals Who Stole $2.5 Mln in Crypto Via SIM Swapping
The United States Department of Justice released a fifteen-count indictment on May 9 that charges a hacking group labeled “The Community” with SIM swapping in order to steal cryptocurrencies.U.S. Attorney Matthew Schneider and his colleague from the U.S. Immigration and Customs Enforcement Angie Salazar announced the charges in the Eastern District of Michigan. Per Salazar,…