Global venture capital (VC) investments in the cryptocurrency sector have experienced a significant decline, dropping by 63% in the third quarter of this year. This marks the lowest level of funding since 2020, according to research from PitchBook. Only $2 billion was invested in the sector during this period, a stark contrast to the previous […]
The U.S. Department of Justice (DOJ) is seeking to prevent Sam Bankman-Fried, the founder of FTX, from introducing evidence about the current value of certain investments, including Anthropic, an AI-focused startup. The prosecutors argue that this evidence is irrelevant and could prejudice the jury. They also highlight the speculative nature of venture capital investments, pointing […]
Leading cryptocurrency exchanges Binance and OKX, along with crypto payment service MoonPay, have taken significant steps to comply with the United Kingdom’s latest Financial Promotions (FinProm) Regime enforced by the Financial Conduct Authority (FCA). These regulatory changes aim to promote transparency and fairness in promoting cryptocurrency products and services in the UK.Binance has introduced a […]
Billionaire investor Ray Dalio believes that the notion of “cash is trash” is no longer accurate in today’s macroeconomic landscape. Speaking at the Greenwich Economic Forum, Dalio stated that financial conditions have changed significantly in recent years, making cash a relatively attractive asset class, at least for the time being. He acknowledged that his previous […]
Bitcoin (BTC) could reach its all-time high of almost $70,000 and even surpass that level sometime in 2024, according to the AI-powered language model ChatGPT. This could be driven by a general bullish sentiment, a successful halving event, and positive momentum. Regulatory developments, such as potential SEC lawsuit outcomes and a US BTC ETF approval, […]
Cosmos-based Stride has been experiencing a surge in its governance token – STRD – which has increased 330% year-to-date. According to a recent Nansen report, the protocol currently commands more than 80% of the market share within the Cosmos ecosystem. STRD has surpassed both Ethereum (ETH) and the native token of Lido (LDO) in YTD […]
14 years ago, Bitcoin (BTC) made history by surpassing the $0 mark. With just $1, one could own 1309.03 BTC. Since then, the value of a single Bitcoin has grown by an astonishing 3.6 billion%. If someone had invested just $1 in BTC on Oct. 5, 2009, they’d be sitting atop a staggering $36 million […]
Stars Arena, a fast-growing social app, announced a major attack on Saturday, resulting in the theft of over $3 million. The developers have since secured the resources to close the gap and are conducting a major security audit. Meanwhile, Memeinator, a new cryptocurrency, has raised over $643k in its token sale. It seeks to become […]
Yuga Labs has announced a restructuring that has seen several roles “eliminated across the company”. CEO Daniel Alegre suggested the firm had taken on too many projects that were ultimately distracting it from its “core priorities”. Moving forward, Alegre outlined that the firm will ramp up its focus on community building, “going all-in” on its […]
Tron, a platform for deploying smart contracts and running decentralized applications (dapps), is rapidly growing its daily active addresses (DAA). According to Token Terminal, Tron has over 1.9 million DAA, more than twice those in the BNB Chain, which stood at 915,000. Ethereum and Polygon had 320,000 and 301,000 respectively, trailing Bitcoin, which had 570,000 […]
