Crypto

The past few years have been a wild ride through the cryptoverse, and there’s no sign of it calming down anytime soon. Not when you have extremes like a multibillion-dollar collapse of the Terra ecosystem and its UST stablecoin and Andresseen Horowitz (a16z) closing a $4.5 billion crypto mega

In 2021, it felt like every week a crypto company joined forces with a sports team or athlete. Fast-forward to today’s stagnating crypto market: Those partnerships still exist, but they’re less talked about. I wondered whether these alliances were paying off in a meaningful way, so I as

The crypto market may be in limbo between a deep bear market and recovery, but that hasn't stopped investors from deploying capital into the space. “In a sense, bear markets are arguably good for the industry,” Shreyansh Singh, head of investments at Polygon, said to technewss. “They all

As capital continues to deploy the crypto economy, another big fund is entering the space. Seven-year-old CoinFund is launching a $300 million early-stage web3 venture fund, CoinFund Ventures I, which is backed by institutional investors, family offices and crypto-native founders.

When it comes to crime, illicit activity is still abundant regardless of crypto volatility, according to a new Chainalysis report. “Cryptocurrency transaction volumes this year for both illicit and legitimate entities are tracking behind 2021 through July,” the report stated. “Overall, crimin

The pace of crypto hacks hasn’t slowed in the dog days of summer, with tens of millions of dollars stolen in August alone. As the crypto community carries on in the wake of the expensive exploits, many web3 users are biting their tongue waiting for the next big one to strike. On August 1, Nom

India's anti-money laundering agency has frozen assets worth $46.4 million from the local entity of Vauld for facilitating “crime-derived” proceeds from predatory lending firms in the latest headache for the crypto exchange that filed for protection from creditors last month. Flipvolt Techn

Lawsuits from disgruntled investors are beginning to stack up after crypto prices plummeted over the past few months, leaving them with steep losses. Blionaire Mark Cuban is the latest celebrity on the receiving end of investor ire. A group of Voyager Digital customers fed a class-action suit in Fl

In the past few years, the crypto community has relied on social media sites like Twitter or messaging apps like Discord and Telegram to interact. But some say Telegram is the ultimate hub for communication and information — an imperative place to be in the crypto community. “Telegram usage is

Shares of U.S. crypto exchange Coinbase teetered this morning after its second-quarter results missed both top- and bottom-line expectations, off more than 5% in pre-market trading then jumping as much as 7% after markets opened. The company, once hugely profitable in the wake of its 2021 direct li

LongHash Ventures, a web3-focused investment firm and accelerator, has launched its second fund for $100 million, its CEO, Emma Cui, told technewss. The VC firm is still raising capital and planning to hit $100 million for its Fund II by the end of the year, Cui said. This fund will be much larger

Today after the bell, the largest U.S. cryptocurrency exchange Coinbase reported its second quarter performance. In the second quarter, Coinbase reported net revenues of $802.6 million and earnings per share of -$4.98 (diluted), predicated on net income of -$1.09 billion. The company's adjuste

For fans of both reality television and web3 (hopefully that group includes more than just this reporter), Christine Quinn’s move to leave the Oppenheim Group and co-found a brokerage with her husband to serve the crypto-rich was quite the bombshell. Now, RealOpen CMO Quinn and CEO Christian

Binance has told customers of its estranged partner WazirX to move their funds to the global crypto exchange platform and said it plans to remove off-chain fund transfer between the services in the latest escalation of tension between the firms over ownership of the Indian startup. Patrick Hillmann