Rethinking the longevity of cryptocurrency's pay-for-processing model
The pay-for-processing business model has always been a largely unquestioned mainstay within the cryptocurrency landscape. Since the inception of digital assets, investors, developers and enthusiasts have been subjected to paying a processing or “miner” fee on top of the cost of the actual tok
2FA compromise led to $34M Crypto.com hack
Crypto.com shared new details about a recent hack on its platform last weekend in a statement on its website today, saying 483 of its users were affected and that unauthorized withdrawals of over $15 million worth of ETH, $19 million worth of BTC and $66,200 in “other currencies” occurred. The
Crypto.com CEO admits hundreds of customer accounts were hacked
Crypto.com CEO Kris Marszalek said around 400 customer accounts have been compromised in a hack in an interview with Bloomberg TV on Wednesday. His confirmation of the breach comes after multiple Crypto.com users alleged their funds had been stolen — complaints that had until now been met wit
Web3 ‘Proof of attendance’ startup raises $10M to mint shared memories as NFTs
If blockchains are immutable records of our digital history, what kinds of history do we want to inscribe on them? Predictably, most records thus far have been transaction data, but as entrepreneurs expand their ambitions for NFTs, startups are aiming to tie those asset transactions to real world e
A hard rain is coming for UK’s crypto boom
The U.K.’s ad-fuelled boom in crypto trading looks to be headed for major speed restrictions: The country’s financial watchdog said it will beef up rules around marketing of crypto assets and could even put limits on who can invest, following government confirmation yesterday that it wi
Register today for DeFi and the Future of Programmable Money Summit
Yes, money makes the world go around, but touch-and-feel currency controlled by banks is so 2008. Cryptocurrency aims to be the decentralized future of finance, and that's why we're excited to announce DeFi and the Future of Programmable Money on March 30, 2022.
This free, one-day virtual c
Block’s Cash App adopts Lightning Network for free bitcoin payments
Late last year, Twitter CEO Jack Dorsey stepped down from his position in order to give his full attention to his other company, Square (now called Block), which had become increasingly invested in blockchain technology and cryptocurrency — just like Dorsey himself. Now we’re starting t
North Korea hacked nearly $400M in cryptocurrency last year
North Korean hackers launched at least seven attacks on cryptocurrency platforms last year to steal almost $400 million worth of digital assets, according to a report by blockchain analysis firm Chainalysis.
“From 2020 to 2021, the number of North Korean-linked hacks jumped from four to seven,
Meet Paysail, the startup making B2B payments faster using crypto
Companies use invoices to pay for many of their major costs, ranging from materials to contract work. Most still rely on solutions built on top of bank transfers or credit cards to complete cross-border payments, which typically take two-five days to complete and represent a $130 trillion global ma
Crypto API provider Conduit wants to be the Stripe of decentralized finance
Financial institutions continue to search for ways to pile into the crypto market, and decentralized finance (DeFi) products are one mechanism that could help them capture share. Investors in DeFi products can earn yield on their capital by lending out their cryptocurrency in exchange for interest.
A peek into web3 power player Animoca Brands
If you haven’t heard of Animoca Brands over the last year or so, you haven’t been paying close attention. With a long and growing list of digital entertainment, blockchain and gaming properties, the eight-year-old, 600-person Hong Kong-based outfit has quietly become one of the most act
How will the crypto selloff impact the NFT market?
Major cryptocurrencies are currently enduring price declines from already depressed levels. It’s a selloff, though likely not one large enough to shake the confidence of the crypto faithful. Still, the impact of falling crypto prices on assets priced in crypto should prove interesting.
The NF
Goldfinch raises $25M from a16z to power its DeFi lending protocol for borrowers in developing countries
For all of the excitement pulsing through the so-called web3 space in the past year, most of the heartiest sums of investor dollars have seemed to find their way toward products touching users in the United States. But an increasing number of startups are looking to tap opportunities in developing
5 NFT trends that will bring social media audiences into web3
As the debates on Twitter rage on, most tech founders and VCs have by now chosen a side: Web 2.0 or web3.
Proponents of web3 believe it is the future of the internet, and that blockchain-based products will completely supplant Web 2.0 within the next few years.
Web 2.0 stalwarts say