Terra's LUNA drops to $0.01, a 99%+ decline in 24 hours, down from $60 earlier this week and $120 in mid-April, after Terra's UST stablecoin lost its dollar peg Techmeme · 2 weeks ago
Sources: Terraform Labs CEO Do Kwon pseudonymously co-founded Basis Cash, a failed algorithmic stablecoin set up in 2020 that peaked at $174M total value locked Techmeme · 2 weeks ago
Congo-based Jambo, a Web3 "super app" featuring play-to-earn games and more, raises $30M Series A led by Paradigm, marking Paradigm's first investment in Africa Techmeme · 2 weeks ago
Co:Create, which helps NFT collections launch their own tokens, raises a $25M seed round led by a16z, following ApeCoin's approach that's seen ongoing success Techmeme · 2 weeks ago
Binance has suspended withdrawals of LUNA and UST tokens due to high volume of pending withdrawals and "network slowness and congestion" Techmeme · 2 weeks ago
Arianee, which provides NFTs tied to the provenance and ownership of luxury goods, raises a €20M Series A led by Tiger Global Techmeme · 2 weeks ago
UST loses its dollar peg twice in <48 hours, dropping under $0.95, after the Luna Foundation Guard said it would defend the stablecoin with bitcoin reserves Techmeme · 2 weeks ago
Sources: Instagram to launch a pilot for NFT integrations for Ethereum, Polygon, Solana, and Flow as soon as Monday, will not charge users for showcasing NFTs Techmeme · 2 weeks ago
Block reports Q1 revenue down 22% YoY to $3.96B, vs. $4.1B est., profit up 34% YoY to $1.29B, and Cash App bitcoin revenue down 51% YoY to $1.73B; stock up 5%+ Techmeme · 3 weeks ago
Crypto.com announces reductions in rewards for its Visa-enabled cards, including a drop from 5% to 2% for its highest tier; its native CRO token drops ~10% Techmeme · 3 weeks ago
Solana's network suffered another outage on Saturday, lasting seven hours, when NFT minting tool Candy Machine was hit with bots, leading to ~4M requests/second Techmeme · 3 weeks ago
The Wikimedia Foundation decides to stop accepting cryptocurrency donations following community feedback, citing Mozilla's similar move in January 2022 Techmeme · 3 weeks ago
DeFi lender Rari Capital, which merged with Fei Protocol in December, loses ~$80M in a hack that exploited a reentrancy vulnerability in Rari's Fuse protocol Techmeme · 3 weeks ago
Meta's Reality Labs division posts a $2.96B loss in Q1 2022, up from a $1.8B loss in Q4 2021, on revenue of $695M, and says Reality Labs has ~17,000 employees Techmeme · 4 weeks ago
Filing: Silk Road creator Ross Ulbricht will see his $183M debt forfeited following the 2020 seizure of 69K+ bitcoins connected to an unnamed Silk Road hacker Techmeme · 1 month ago
The US OCC says Anchorage Digital, the first US chartered digital asset bank, failed to adopt a BSA/AML compliance program and has "begun corrective action" Techmeme · 1 month ago
Research: blockchain game companies raised $2.5B in Q1 2022, up 150% YoY; blockchain gaming accounted for 52% of all blockchain activity in March, up 2,000% YoY Techmeme · 1 month ago
An interview with Senator Cynthia Lummis on advocating for the crypto industry, educating members of Congress, buying $100K+ in bitcoin and holding, and more Techmeme · 1 month ago
A lawsuit filed against OlympusDAO's co-founders over $20M+ in the DAO's native tokens could unmask their identities, testing the limits of pseudonymity in DAOs Techmeme · 1 month ago
The US Treasury says North Korea-backed hacking group Lazarus is tied to the theft of cryptocurrencies worth $600M+ from the Axie Infinity-linked Ronin bridge Techmeme · 1 month ago
An NFT of Jack Dorsey's first-ever tweet, which sold for $2.9M last year, has been up for sale since last week and has failed to garner a bid over $1K Techmeme · 1 month ago
Cryptocurrency lender Celsius, recently valued at ~$3B, says only accredited US investors will be able to add new assets and earn rewards starting April 15 Techmeme · 1 month ago
Former Ethereum developer Virgil Griffith is sentenced to 5+ years in prison and fined $100K for helping North Koreans use cryptocurrencies to evade sanctions Techmeme · 1 month ago
NFT and metaverse content creation company Infinite Reality announces an all-stock deal worth $470M to acquire esports company ReKT Global Techmeme · 1 month ago
Circle, which maintains the USDC stablecoin, raises $400M from BlackRock, Fidelity, and others, after raising $440M in May 2021 Techmeme · 1 month ago
Coinbase will produce a movie trilogy based on the Bored Ape Yacht Club, set to premier at NFT.NYC in June; BAYC owners can submit their apes for consideration Techmeme · 1 month ago
Crypto payments company Strike announces Shopify integration for bitcoin's Lightning payments network, rolling out to Shopify merchants in the US Techmeme · 2 months ago
US Treasury Secretary Janet Yellen gives her first speech on digital assets, saying a CBDC "would require years of development, not months", and more Techmeme · 2 months ago
Senator Patrick Toomey introduces a bill to regulate stablecoins, including defining a "payment stablecoin", creating a license for issuers, and more Techmeme · 2 months ago
Ethereum Layer 2 scaling solution Boba Networks raises a $45M Series A at a $1.5B valuation from investors including Crypto.com, Huobi, and BitMart Techmeme · 2 months ago
Lightning Labs raises a $70M Series B for its Lightning Network-powered Taro protocol, which could bring stablecoins and other assets to Bitcoin's blockchain Techmeme · 2 months ago
Bitcoin mining company PrimeBlock will go public via a SPAC merger at a $1.25B valuation; PrimeBlock made $24.4M in revenue in Q4 2021 Techmeme · 2 months ago
The EU Parliament votes to outlaw anonymous crypto payments, extending KYC rules to even the smallest transactions with unhosted or self-hosted wallets Techmeme · 2 months ago
LayerZero, a startup that offers a protocol for blockchain interoperability, raises $135M co-led by a16z, FTX, and Sequoia at a $1B valuation Techmeme · 2 months ago
The Ronin Network, which supports Sky Mavis' Axie Infinity game, says it was hacked, and 173,600 ETH and 25.5M USDC was stolen, worth $600M+; RON is down ~20% Techmeme · 2 months ago
Indian parliament approves a 30% capital gains tax on crypto transactions, in effect starting April 1 Techmeme · 2 months ago
Upshot, which provides NFT appraisals after launching in 2019 as an insurance-focused prediction tool, raises a $22M Series A2 led by Polychain Capital Techmeme · 2 months ago
UK's ASA issues new guidance for crypto ads, like disclosing that crypto is unregulated in the UK, and asks 50+ companies including Coinbase to comply by May 2 Techmeme · 2 months ago
Digital banking app Dave raises $100M in a convertible note from FTX Ventures; FTX US will be the exclusive partner for any crypto offerings by Dave Techmeme · 2 months ago
C2X, which is building a gaming platform on the Terra blockchain, raises $25M through a private token sale led by FTX Ventures and others at a $500M valuation Techmeme · 2 months ago
Ukrainian president Volodymyr Zelenskyy signs a law legalizing cryptocurrency in the country, after the bill passed through parliament in February Techmeme · 2 months ago
OXIO, a "carrier-as-a-service" company that lets brands launch mobile services by turning data into blockchain-based digital assets, raises a $40M Series B Techmeme · 2 months ago
ConsenSys, which develops and invests in Ethereum projects, announces a $450M Series D led by ParaFi Capital at a $7B valuation and says MetaMask has 30M+ MAUs Techmeme · 2 months ago
Ukraine partners with FTX, Everstake, and Kuna to launch a crypto donations website; FTX will convert donations into fiat for deposit at Ukraine's national bank Techmeme · 2 months ago
Solana-based NFT marketplace Magic Eden raises a $27M Series A led by Paradigm and says it will use the funds to build a gaming vertical Techmeme · 2 months ago
EU Parliament committee rejects a provision for its Markets in Crypto Assets framework that would have limited the use of proof-of-work cryptocurrencies Techmeme · 2 months ago
The DOJ says Samuel Reed is the final BitMEX co-founder to plead guilty to US Bank Secrecy Act violations and has agreed to pay a $10M criminal fine Techmeme · 2 months ago
The EU clarifies that sanctions on Russia and Belarus extend to crypto assets, deeming them "transferrable securities" that can be used for loans and credit Techmeme · 2 months ago
The CFTC charges three Americans and one Indian for operating two alleged Ponzi schemes, Ecoinplus and JetCoin, that defrauded investors of $44M in bitcoin Techmeme · 3 months ago
The EU Parliament will vote on crypto rules on March 14, after the removal of wording that would have banned proof-of-work cryptocurrencies over energy concerns Techmeme · 3 months ago