Crypto

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

Venom Foundation, a layer-1 blockchain licensed and regulated by the Abu Dhabi Global Market, and investment manager Iceberg Capital have partnered to launch a $1 billion venture fund, the two firms announced on Wednesday. The $1 billion vehicle, Venom Ventures Fund (VVF), is a blo

We're only in the second week of 2023, but demo days have already begun as founders try to keep momentum alive in the ever-changing crypto market. Beacon, a web3-focused early-stage accelerator program, launched last year, and its flagship cohort just graduated. The teams in th

Tomorrow, January 11, is a big day in the web3 universe. It's The Cross Chain Coalition Web3 Demo Day, a showcase of 12 boundary-pushing early-stage startups building projects across web3, DeFi, NFT and gaming. Today we're revealing the final four startups ready to deliver their best five-m

The Easy Company has raised $14.2 million in a seed round and launched its “social” crypto wallet to help onboard more mainstream audiences, it shared exclusively with technewss. Easy aims to combine user-curated profiles with engaging social features so that people can search

Coinbase plans to cut 950 jobs, or about 20% of its workforce, and shut down “several” projects as the U.S. crypto exchange giant looks to reduce its expenses to increase its “chances of doing well in every scenario.” This is the second round of major layoffs at the crypto e

Mastercard, one of the biggest financial payments providers in the world, is launching a web3-focused incubator to help artists connect with fans through a new medium, the company shared at CES 2023 on Friday. “The core of this program is providing emerging artists with the web3 tools and skills

Given Logan Paul’s dubious history on YouTube, it probably doesn’t come as a surprise that his CryptoZoo NFT project has allegedly turned out to be a scam. Some investors ended up losing up to half a million dollars, according to independent YouTube reporter Coffeezilla. The development

We have so many (12, in fact) outstanding early-stage startups ready to pitch at the Cross Chain Coalition Web3 Demo Day on January 11. If you want to learn more about who's on the cutting edge of building the future of web3, DeFi, NFT and gaming, you do not want to miss this event. Tune in: Re

New York Attorney General Letitia James filed a lawsuit against Alex Mashinsky, co-founder and former CEO of Celsius Network, according to an announcement on Thursday. James alleged that Mashinsky defrauded “hundreds of thousands of investors…out of billions of dollars worth of

Immunefi's Crypto Losses 2022 report found over $3.9 billion was “lost” last year. While that might seem like a whopping amount of capital to lose track of, it's down 51.2% compared to 2021, when over $8 billion was stolen, the report found. Crypto losses are defined as a combination of

A federal bankruptcy judge ruled cryptocurrencies deposited into interest-bearing accounts at Celsius Network, a now-bankrupt cryptocurrency lending platform, actually belong to the firm — thanks to the fine print. The verdict gives Celsius ownership of the $4.2 billion in crypto

Sam Bankman-Fried's not guilty plea to several federal fraud charges was largely anticipated and something a few legal experts suggested was a tactical response. The former CEO of crypto exchange FTX, whose company collapsed in November, made the plea in Federal District Court in New York.

New York financial regulators have found that the popular cryptocurrency exchange Coinbase violated anti-money laundering laws by failing to conduct adequate background checks. Coinbase will pay a $50 million fine to the New York State Department of Financial Services and is also required to spend