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The former chief technology officer at crypto exchange Coinbase and a former partner at venture capital firm Andreessen Horowitz, Srinivasan in mid-March – shortly after the failures in short order of Silvergate Bank, Signature Bank, and Silicon Valley Bank – said he expected a banking crisis to trigger a sizable
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Founder and CEO Matthew Sedigh says trading volumes have surpassed $200 million since Xclaim started operations in 2018. Original Source
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The infamous hack of the Mt. Gox crypto exchange in 2014 saw it lose 850,000 Bitcoin (BTC) overnight. The situation around repaying creditors of the defunct Mt. Gox cryptocurrency exchange has reached yet another chapter. This follows after the just concluded registration exercise where clients who lost funds to the famous
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“We spent millions on compliance, but even that still wasn’t enough,” Youssef told CryptoX in an interview. “And then to make things worse, in the middle of January,” he went on, “my co-founder decided to sue the company and myself. The litigation got really nasty and he scared away our
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The third skunkwork project has not been officially announced, but involves the “creator economy” and tokens, Cassatt said. Franklin, for its part, plans to use its recent funding to expand into retirement accounts and health benefits. Its clients include Soul Wallet, Echooo and Alto, according to the press release. Original Source
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Blockchain-oriented VC firm Contango plans to use the seed round proceeds to facilitate increased Web3 adoption globally. Contango Digital Assets recently successfully concluded a $1.2 million seed round geared toward establishing Web3 infrastructure. To date, the leading blockchain venture capital firm has deployed more than $7 million globally to support Web3
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The products on the chopping block include the 21Shares Crypto Layer 1 ETP (LAY1), the 21Shares DeFi 10 Infrastructure ETP (DEFII), 21Shares S&P Risk Controlled Bitcoin Index ETP (SPBTC), the 21Shares S&P Risk Controlled Ethereum Index ETP (SPETH) and the 21Shares USD Yield ETP (USDY), which will all close after
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Pfizer has been on an acquisition spree as it seeks to cushion the impact of a projected $17 billion revenue drop by 2030. Pfizer Inc (NYSE: PFE) has closed a $43 billion deal to acquire biotechnology company Seagen Inc and its leading line of cancer drugs. The deal comes as revenue
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Privacy-oriented blockchain platform Aztec is preparing to shut down Aztec Connect, the network’s privacy infrastructure serving as the encryption layer for Ethereum.Aztec Network officially announced the upcoming closure of Aztec Connect, planning to disable Aztec Connect deposits from front-ends like zk.money and zkpay.finance on March 17.According to a blog post
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According to play-to-earn nonfungible tokens (NFT) protocol Aavegotchi on Mar. 11, the entity closed the bonding curve defining the exchange rate between its namesake token (GHST) and the DAI U.S. dollar stablecoin (DAI). The same day, the DAI stablecoin depegged as part of the ongoing USD Coin destabilization, which was,
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