Crypto

Hey Siri, when does a “macroeconomic downturn” become a “recession”? It’s another bleak week for startups weathering dismal tech stocks and even worse cryptocurrency prices. But let’s start with some good news: your children can get vaccinated against COVID-19!

The crypto gaming industry is continuing to grow in popularity as more capital is deployed in the space and traditional Web 2.0 gaming studios look to enter the web3 market. Immutable, an Australia-based web3 gaming firm, launched an inaugural $500 million developer and venture inv

Huobi Thailand will shut down its exchange permanently on July 1, according to an announcement posted on its website. This marks the exchange’s short-lived ambition in the Southeast Asian country where crypto adoption is flourishing. According to blockchain analysis company Chainalysis, Thail

The crypto sell-off of the past several weeks has erased hundreds of billions of dollars in paper gains and is leaving plenty of had-been crypto millionaires looking for something else to hold on to. A class action lawsuit was filed Thursday in federal court in Manhattan by an American Dogecoin inv

The idea of the “family” culture that so many businesses push for is seeping deeper into the crypto world as communities are formed on a sometimes toxic, cultish stance to unwaveringly back the projects they are invested in. Don't get me wrong, some parts of the cry

As the crypto market continues to plummet, founders in the space are struggling to hold on to investors who are now trying to minimize their risk and backing out of funding rounds. This week, the global crypto market capitalization fell below $1 trillion for the first time since January 2021. As ma

Samsung announced today that it's launching “Samsung Wallet” to enable users to store select digital keys, boarding passes, identification cards and more all in one location. The company says Samsung Wallet combines Samsung Pay and Samsung Pass into one secure platform. The mobile wallet wa

While several major crypto trading platforms are making large-scale layoffs and freezing hiring, some of their rivals have rushed to reassure their staff and the public that they are sticking to their recruiting plans despite the current market downturn. San Francisco-based Kraken, the world’

Coinbase has hired Arnab Kumar, former executive at Prosus Ventures, in the latest push to relaunch its eponymous cryptocurrency exchange in India. Kumar, who has previously also worked at influential think tank Niti Aayog and Deutsche Bank, is joining the exchange as director of India market expan

Binance.US, the American company associated with the world’s largest crypto exchange, isn’t worried about the market turmoil that has pushed some of its competitors to tighten their belts. CEO Brian Shroder told employees yesterday that the company is “in the strongest position po

Coinbase CEO Brian Armstrong said today that the company will reduce its workforce by 18% — nearly 1,100 people — to “stay healthy during this economic downturn.” The crypto exchange, which went public last year with share prices touching the $350 mark, has lost momentum and is trad

Southeast Asia, a diverse region with an expanding population and rising income, is emerging as a popular destination for crypto entrepreneurs and investors hunting down high-growth startups in the space. More than 600 crypto or blockchain companies are now headquartered in Southeast Asia, accordin

Crypto markets were shaken as the not-so-stablecoin UST and sister cryptocurrency LUNA collapsed last month, bringing the digital asset economy down with them and exposing smaller, more vulnerable players. Now, we're seeing crypto whales like Celsius floating up to the surface for different rea

Credit card companies are trying to sweeten the perks they offer their customers, and American Express is doing just that through a new partnership with crypto wealth management platform and wallet provider Abra. The companies’ CEOs announced the launch of the Abra Crypto Card on the Amex net