Crypto

Coinbase, the U.S.-based cryptocurrency exchange that is the third-largest globally, is “facing a U.S. probe into whether it improperly let Americans trade digital assets that should have been registered as securities,” according to a Bloomberg report. The news follows a move by the U.S

As many subsectors in the crypto market continue to take heavy hits from recent volatility, some market players see decentralized finance (DeFi) as resilient and gaining interest despite the negative macroeconomic environment. Centralized financial institutions are similar to traditional firms, wit

Blockchain ecosystem Topl has raised $15 million in a Series A funding round to help companies track and monetize social impact initiatives, the firm exclusively told technewss. The raise was co-led by Mercury, Republic Asia and Cryptology Asset Group. The company raised $5 millio

A former product manager at Coinbase has been arrested, the U.S. Justice Department announced Thursday, after being charged in a cryptocurrency insider trading scheme related to the listing of new crypto tokens on the Coinbase exchange. A separate filing on the case by the SEC signals the beginning

As the crypto markets continue to tumble, a major industry player's beliefs are also taking a turn as he shifts from being a “Bitcoin maximalist” to what he calls a “Bitcoin rationalist.” The reason for this change seems to be that he sees a future for the coin in decentralized finance

Despite announcing that Tesla had sold 75% of its bitcoin holdings in Q2, CEO Elon Musk disclosed in a quarterly investor call that the company also held Dogecoin and had not sold any of those holdings. “We have not sold any of our Dogecoin; we still have it,” Musk said in the call.

Elon Musk apparently isn’t trying to hodl Tesla’s bitcoin during a crypto winter. During the company’s Q2 earnings report, the electric car company revealed it has sold 75% of its bitcoin holdings this quarter. The company sold the coins for $963 million. Tesla sai

Crypto infrastructure provider Blockdaemon has acquired Danish startup Sepior, a digital asset security company providing key management services for institutional clients, for an undisclosed price. The deal marks the startup’s fourth acquisition in two years, the latest of which was Blockdae

After seemingly pulling off the strangest unicorn success story in tech, the founders of NFT project Bored Ape Yacht Club (BAYC) have an awful lot to prove with their startup Yuga‘s early beta vision of the metaverse, a gaming platform called Otherside. Few entertainment startups have had thi

As the crypto industry continues to grow, regulators across the world are looking for operational and legal frameworks to guide their actions to more effectively monitor the industry. The U.S. government in particular, which has been criticized for moving slowly on crypto rule-making in the past, h

As capital continues to enter the crypto space, Tribe Capital has launched its incubator program Tribe Crypto Labs, which has raised $25 million from outside investors, its CEO Arjun Sethi exclusively told technewss. The firm has approximately $1.5 billion in assets under management and has prev

Animoca Brands, the Hong Kong-based gaming company and the investor behind web3 big names like The Sandbox, Sky Mavis, Dapper Labs and OpenSea, just got a talent boost. Alan Lau, former CEO and chairman at Tencent’s in-house insurance agency WeSure, has joined Animoca as its chief business of

Just seven weeks after crypto exchange Gemini cut approximately 10% of its workforce due to “turbulent market conditions,” the startup has made a second round of layoffs, technewss has learned, and there may be more on the way. The company had not widely communicated the extent of MondayR

India's central bank wants to ban cryptocurrencies, the government told the parliament on Monday, raising more uncertainty about the future of the nascent virtual digital asset in the world’s second largest internet market. Nirmala Sitharaman, the minister of finance in India, said Monday