Crypto

Although the crypto gaming industry remains below its 2021 peaks, it still pulled in substantial venture funding last year. But looking to the future, the subsector may look outside of tokenomics to grow and sustain itself for the long haul. “Tokens are a fantastic way to share ownership of econo

QuickNode, a blockchain deployment platform, has raised $60 million in a Series B round for an $800 million valuation, the company's CEO and co-founder, Alex Nabutovsky, told technewss. The round was led by 10T Holdings, with participation from Tiger Global, Seven Seven Six Ve

Genesis Global Trading, a subsidiary of the crypto conglomerate Digital Currency Group (DCG), filed for Chapter 11 bankruptcy in the Southern District of New York (SDNY) court late Thursday night. Genesis Global Holdco and two of its lending business subsidiaries, Genesis Global Ca

As FTX news subsided in recent weeks, the new CEO of the crypto exchange shared that he is exploring the possibility of restarting the company, according to a report from The Wall Street Journal. John Ray III, the new FTX CEO, said in an interview that “everything is on the table

Ethereum's shift from proof-of-work (PoW) to proof-of-stake (PoS) in September 2022 increased interest in staking across a number of parties — including institutions. The success of the Merge propelled Ethereum from “a smart contract platform lagging behind” into “something that was doi

In a press conference on Wednesday, the U.S. Department of Justice announced it has arrested Anatoly Legkodymov, founder of crypto exchange Bitzlato, for allegedly processing over $700 million of illicit funds. “Overnight, the Department worked with key partners here and abroad to disrupt Bitzlat

As the crypto developer ecosystem expands, major ecosystems outside of the top two cryptocurrencies — Bitcoin and Ethereum — are growing, according to a new report. About 72% of monthly active developers (devs) are working on blockchains that are not part of the Bitcoin and Eth

Deal Box, a capital markets advisory and token offering packaging platform, has launched its venture arm with plans to invest $125 million in startups using web3 technology, the company shared Wednesday. “We believe in the transformative power of web3, and we plan to invest in bo

Delphia, a mobile investment platform, is facing a lawsuit and allegations that its co-founder and CTO Cameron Agius-Westland sexually assaulted and harassed a former employee, according to a complaint filed on Monday and shared exclusively with technewss. The complaint alleges th

Web3 developer activity still grew in the last quarter of 2022, according to a new report, despite crypto market volatility and stacks of negative headlines. Ethereum, one of the largest layer-1 (L1) blockchains in the crypto ecosystem, had a 453% increase in mainnet smart contract deployments in t

Crypto exchange Crypto.com is cutting its global workforce by 20%, it said on Friday, as it navigates ongoing economic headwinds and “unforeseeable” industry events. This is the second major layoff at the Singapore-headquartered Crypto.com, which cut 250 jobs in mid-last year — th

If there is one industry that could use web3, that industry is fashion. Hear us out. Fashion is one of the most polluting sectors in the world, and, according to the United Nations Environmental Programme, is responsible for up to 10% of the world's carbon dioxide output, more than the internat

Although the crypto ecosystem has faced its fair share of bumps, venture capitalists are still bullish about the space and continue to look at decentralized finance (DeFi) as a promising opportunity. technewss surveyed six crypto-focused investors about the road ahead for crypto adoption, their se

Amazon Web Services (AWS) has partnered with Ava Labs, the company building out layer-1 blockchain Avalanche, to help scale blockchain adoption across enterprises, institutions and governments, the two firms exclusively told technewss. “Looking forward, web3 and blockchain is in