Blockchain VC Shima Capital debuts with $200M Web3 fund
The venture firm, which was founded in 2021, is prioritizing decentralized social media, DAOs, DeFi, metaverse, zero-knowledge proofs and layer-1...
Day: August 17, 2022
Binance assures users after 3rd-party glitch briefly halted withdrawals
The exchange cited technical issues as the reasons for halting withdrawals across multiple networks earlier this morning. Cryptocurrency exchange Binance...
Indian police launch probe into BitConnect founder wanted by US SEC
The Indian police launched an investigation into BitConnect co-founder Satish Kumbhani months after the U.S. SEC said he had relocated...
Do Kwon reportedly hires lawyers in S.Korea to prepare for Terra investigation
Terraform Labs co-founder Do Kwon has claimed that Korean authorities haven’t contacted or filed any charges against him in the...
UK hits double-digit inflation for the first time in 40 years
At 10.1% inflation, the United Kingdom joins 2 billion people around the world suffering as price rises erode people's purchasing...
CoinFund launches $300M early-stage Web3 venture fund
The New York- and Miami-based VC firm said several of its seed-stage crypto investments are preparing Series A funding rounds....
Troubled miner returns 26,000 rigs to eliminate debt
The mining operator entered into a deal with NYDIG to sell rigs to alleviate $64.7 million in outstanding debt. The...
Web3 gives creators in emerging markets a shot, says Faro Company CEO
Mehmet Eryılmaz said that Web3 opens up opportunities for creators to properly showcase their culture through films and music. While...
EthereumPoW team plans to freeze selected contracts, community pushes back
The PoW hard fork of Ethereum is being propagated by a set of miners, but many experts believe that the...
Nasdaq-Listed Eqonex Closing Crypto Exchange Due to High Competition, Fallen Volumes
The Nasdaq-listed firm Eqonex is closing its cryptocurrency exchange business. The company cited high competition among crypto trading platforms and...
Binance Obtains In-principle Approval to Operate With Cryptocurrencies in Kazakhstan
Crypto exchange Binance has been granted preliminary approval to offer trading and custody services for digital assets in Kazakhstan. The...
Colombia Plans to Launch Digital Currency to Reduce Tax Evasion
The government of Colombia revealed it has plans to launch a digital currency. One of the purposes of this new...
Colombia to prevent tax evasion with national digital currency: Report
A national digital currency would help curb tax evasion in Colombia, which is estimated at up to 8% of GDP,...
Another depeg — Acala trace report reveals 3B aUSD erroneously minted
As the dust settles on another decentralized finance exploit, Acala continues to trace tokens that were erroneously minted after a...
What is CeDeFi, and why does it matter?
CeDeFi is a new financial system that combines centralized and decentralized systems. It provides privacy, reduced fees and ease of...
