VC Roundup: Venture firms push Web3 forward despite macro headwinds

Decentralized finance and shopping seem like an unusual combination at first. How can liquidity pools help you save money at the till? But scratch a little deeper and some compelling use cases for DeFi emerge. With the retail sector suffering through one of the most challenging times seen in a generation, here are the main…

Last week, the United States Internal Revenue Service sent another round of letters to crypto traders called CP2000. These notices were sent to traders of some crypto exchanges due to inconsistencies found in their tax reports.Using the information provided by third-party systems — such as crypto exchanges and payment systems — the IRS has been…

The Lightning Network is a layer-2 solution built on top of the Bitcoin blockchain, and its primary objective is to address the Bitcoin network’s scalability issues. It also allows for faster and cheaper transactions by facilitating off-chain payments through a network of payment channels. The Lightning Network has gained traction since its launch in 2018, hitting a…

The white-hat hacker responsible for discovering a crisis-level flaw in Coinbase API said the $250K bounty was not "too low." 707 Total views 21 Total shares On February 11th, two days before the Super Bowl and Coinbase’s $14 million color-changing QR code advert, an engineer was desperately trying to reach out to Coinbase management and…

The company will soon accept BTC payments for insurance premiums as part of a broader embrace of digital assets. 8344 Total views 24 Total shares Metromile Inc., a digital insurer headquartered in San Francisco, is making Bitcoin (BTC) a core part of its business operations, offering further evidence of the growing mainstream adoption of digital…

The former CEO of BitMEX surrendered in Hawaii and was later released after posting a $10 million bond. 3057 Total views 23 Total shares Former BitMEX CEO Arthur Hayes surrendered to U.S. authorities in Hawaii on Tuesday, six months after federal prosecutors first levied charges against him and three fellow BitMEX executives.In a statement, Hayes’…

Singaporean investment firm Matrixport blamed for Bitcoin price correction, Asian exchanges performance in 2023, and more! by Zhiyuan Sun 5 min January 4, 2024 Share Share Share Share Our weekly roundup of news from East Asia curates the industry’s most important developments. Binance’s secret sauce, Bitget gets going Cryptocurrency exchange Binance claims that it grew

The New York Office of the Attorney General (NYAG) has submitted a letter to Justice Joel M. Cohen, arguing that cryptocurrency exchange Bitfinex and affiliated Stablecoin firm Tether should not be granted a continuing stay of demands.The NYAG submitted its letter on August 1 — the latest chapter in the New York Attorney General’s ongoing…

Disclaimer: The interview was edited and condensed for publicationMt. Gox crypto exchange is well remembered — but mostly for a bad reason. The year of 2011 marked the biggest heist in terms of the amount of crypto stolen, an eye-watering figure of 850,000 bitcoins (BTC), worth around $473 million at that time. Four years on…