In brief NFT fractionalization platform Fractional has rebranded to Tessera and raised a $20 million Series A funding round. Fractionalizing an NFT means that large numbers of people can own a small share of a potentially valuable asset and build community around it. Many of us will never own a CryptoPunk or a Bored Ape Yacht Club avatar, or one…
Dutch officials told the non-profit DeFi Education Fund that it “may be punishable” if a developer writes code “for the sole purpose of committing criminal acts.” It’s the latest detail from the Fiscal Information and Investigation Service (FIOD), which last week arrested a 29-year-old developer in Amsterdam in connection with Tornado Cash. The Block reported that the identity of the person…
Eos rose by as much as 20% on Wednesday, as bulls continued to react to the news of its upcoming Yield+ incentive program. Today’s price surge comes despite the global cryptocurrency market cap falling by almost 2% as of writing. Tezos was also higher, hitting a two-month high on hump day. EOS was one of Wednesday’s biggest movers, as prices…
Bitcoin (BTC) dropped to weekly lows at the Aug. 17 Wall Street open as upcoming Federal Reserve comments unsettled risk assets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar climbs as Fed minutes due Data from Cointelegraph Markets Pro and TradingView tracked a more than 2% daily decline on BTC/USD, which hit $23,325 on Bitstamp. Already showing signs of weakness,…
Coinfund is betting big on Web3. While some of the biggest crypto companies continue to lay off employees, Coinfund is doubling down on the future of Web3. The crypto-focused investment firm announced Wednesday that it’s launching a massive $300 million venture capital fund for Web3 founders looking to finance their crypto projects. Adams Street Partners, StepStone Group, Accolade Partners, Theta…
Cryptocurrency exchange Binance announced a temporary freeze on withdrawals on Wednesday morning. The suspension took place across multiple networks as a result of a technical issue by a third-party provider, according to Binance. In a tweet, the exchange said the incident took place around 7:00 am UTC and was resolved by the team within an hour. Earlier today, around 07:00am…
Manchester United Fan Token (MUFC) is a dead coin and not related to the sports franchise, but one Elon Musk tweet was enough to revive it on Aug. 17. Also, I’m buying Manchester United ur welcome — Elon Musk (@elonmusk) August 17, 2022 Fake Man U token pumps after Elon Musk’s tweet To clarify, MUFC is not an official Manchester…
Crypto broker Genesis Trading announced that the firm’s CEO Michael Moro will be immediately stepping down from his role. Derar Islim, Genesis’ chief operating officer, will take over as interim CEO while the firm is seeking a permanent replacement. “It has been an honor to lead Genesis for nearly a decade and I look forward to supporting the company’s next…
Shima Capital, a new venture firm focused on early-stage blockchain projects, has launched its debut fund to support emerging digital asset companies — and has received considerable backing in doing so. The Shima Capital Fund I raised a combined $200 million from several high-profile crypto investors, including Dragonfly Capital, Animoca Brands and OKX, the company announced Wednesday. The fund is…
Bit Mining Limited has announced that it has entered a $9.3 million registered direct offering with specific institutional investors. Bit Mining explained that it aims to use the funds from the offering to expand infrastructure and invest in new mining machines. Bit Mining to Use Fresh Capital for Expansion, Mining Rigs, and Improving the Firm’s Working Capital Position The cryptocurrency…
