Crypto

Protagonist, a fairly new crypto fund and incubation lab, has launched its first $100 million fund to focus on early-stage crypto companies. The firm began in the beginning of 2022 and originally was called Ship Capital, but changed its name soon after. “Protagonist is more refle

These are turbulent times for both crypto investors and projects alike. Over the past several months, Bitcoin and Ethereum have seen substantial declines in their token prices. But investors have given even bigger haircuts to the breakout success stories of the 2021 bull run. Solana, a newer blockc

As more people enter the web3 ecosystem, there are increasing opportunities for hackers to attack. And during the second quarter, there was a significant rise in crypto-focused phishing attacks across social media sites, according to a new report. There were 290 recorded attacks during the second q

After nine months of searching, Binance.US, the American partner of the world’s largest crypto exchange, has finally found a new permanent chief financial officer (CFO). Jasmine Lee is coming on board at the company after serving as CFO and chief operating officer (COO) in a dual role at fint

The second quarter of 2022 was one for the books amid a tumultuous period of what I like to call market madness, and the evidence keeps stacking up for the crypto markets. Q2 was full of massive crypto “losses” across the web3 ecosystem, some 97% of which were the result of hacks, accor

Mask Network, a Binance-backed startup that enables users to send cryptocurrencies and encrypted messages on established internet platforms like Twitter, has an ambitious goal: to become the corporate venture capital powerhouse in web3 as Tencent has done in Web 2.0. To that end, the five-year-old

Voyager Digital, a high-profile crypto broker, has filed for bankruptcy, citing market volatility and the surprising collapse of Three Arrows Capital, just weeks after it suspended withdrawals, trading and deposits on its platform. The U.S.-headquartered firm — and its two affiliates —

India's government on July 1 implemented a 1% tax deducted at the source (TDS) on every cryptocurrency trade over 10,000 Indian rupees, or about $127. The law has only been in place a few days, but there's already been a chilling effect on Indian digital asset marketplaces.

Three years after Facebook announced its ill-fated push into cryptocurrency, aka the Libra project, the tech giant has signalled another scaling back of its activity — announcing Friday that Novi, the digital wallet payments pilot it launched last October, will be ending on on September 1. In

Despite China’s sweeping bans on cryptocurrencies, domestic web3 talent is quietly flourishing, with many venturing beyond the country’s border. From offering crypto derivative products to making NFT games, Chinese web3 entrepreneurs’ footprint is far-reaching worldwide. We spoke

Crypto hedge fund Three Arrows Capital (3AC) has filed for Chapter 15 bankruptcy in New York, according to a report in Bloomberg. The mega fund, founded by Credit Suisse traders Zhu Su and Kyle Davies, at one time managed an estimated $10 billion in assets and was a linchpin among crypto finance pl

Earlier this week, the U.S. Securities and Exchange Commission rejected two applications for bitcoin spot exchange-traded funds (ETFs). One of the firms, Grayscale Investments, responded by filing a lawsuit against the agency. But not everyone is convinced that it'll work. “The SEC rejecting

Sam Bankman-Fried’s FTX is taking advantage of rampant instability in the crypto lending market to assert itself while propping up major institutions. The company’s U.S.-based arm has a deal in place with troubled crypto lender BlockFi that gives them the option to buy the startup, rece

It may feel like it’s been a few years since OpenSea announced the funding round that pushed its valuation to the $13 billion mark. It was January. At the time, this column dug into the company’s financial performance and came to a number of conclusions, primarily that the company was g