Trending Stories from coindesk.com
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
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
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
Binance has suspended withdrawals of LUNA and UST tokens due to high volume of pending withdrawals and "network slowness and congestion"
Arianee, which provides NFTs tied to the provenance and ownership of luxury goods, raises a €20M Series A led by Tiger Global
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
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%+
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%
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
The Wikimedia Foundation decides to stop accepting cryptocurrency donations following community feedback, citing Mozilla's similar move in January 2022
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
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
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
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"
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
An interview with Senator Cynthia Lummis on advocating for the crypto industry, educating members of Congress, buying $100K+ in bitcoin and holding, and more
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
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
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
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
Former Ethereum developer Virgil Griffith is sentenced to 5+ years in prison and fined $100K for helping North Koreans use cryptocurrencies to evade sanctions
NFT and metaverse content creation company Infinite Reality announces an all-stock deal worth $470M to acquire esports company ReKT Global
Circle, which maintains the USDC stablecoin, raises $400M from BlackRock, Fidelity, and others, after raising $440M in May 2021
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
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