Brett Harrison, president of the United States division of cryptocurrency exchange FTX, announced today that he is stepping down from the role. He plans to shift into an advisory role over the next few months as he transfers his duties and exits his current role. This story is developing and will be updated. Stay on top of crypto news, get…
Strike, a leading payment provider for the Bitcoin Lightning Network, has raised $80 million in a series B funding round led by the bitcoin-focused investing firm Ten31, per a press release. “We believe Strike is poised to disrupt the financial services and payments landscape, enabling a more efficient, innovative, and inclusive financial experience for everyone,” said Grant Gilliam, co-founder and…
Web3 and tech companies participated in a funding round for a data platform called Space and Time that aims to transform central databases into trustless data sources powered by smart contracts. In an announcement sent to Cointelegraph, Space and Time mentioned that they’ve raised $20 million in strategic funding from investors like Microsoft’s M12 fund, the venture capital arm of…
According to a new press release published on Tuesday, Alex Mashinsky, CEO of troubled crypto lender Celsius Network, has resigned effective immediately. In explaining the decision, Mashinsky wrote: “I regret that my continued role as CEO has become an increasing distraction, and I am very sorry about the difficult financial circumstances members of our community are facing. Since the pause,…
The Proof-of-Stake (PoS) blockchain Axelar and infrastructure company behind Sui blockchain, Mysten Labs, disclosed a partnership on Tuesday to deliver cross-chain communication for developers through General Message Passing, aiming to advance the prospect of a “super dApp”. Integration is expected to be completed before the end of the year. The collaboration will enable dApps built in Move — Mysten’s programming…
Microsoft’s Blockchain Lead: ‘Developers Keep Building in a Bear Market, They Don’t Stop’ Microsoft’s blockchain lead Yorke Rhodes tells Decrypt’s Dan Roberts and Kate Irwin in our Decrypting Mainnet series at Mainnet 2022 about how Microsoft approaches Web3 and how it began its blockchain tooling with Ethereum but is now looking into working on other chains. “We think about it…
Chainlink hit a six-week high during Tuesday’s session, as the token rose for a sixth consecutive session. The move saw the token rally past a key resistance level in the process. Uniswap was also in the green, with prices climbing by as much as 16% earlier in the day. Chainlink (LINK) Chainlink (LINK) rose for a sixth straight day on…
Space and Time, a Web3-native data platform that leverages business logic through a cryptographic protocol called Proof of SQL, announced it has raised $20 million in a strategic funding round led by Microsoft’s M12 fund. Other participants in the round include crypto investment firm Framework Ventures, HashKey, Foresight Ventures, SevenX Ventures, Polygon, Avalanche, Stratos, Hash CIB, and Coin DCX, as…
The Bitcoin Policy Institute (BPI) has released a report detailing why the U.S. should not create a central bank digital currency (CBDC) and should instead promote freedom and privacy, per a release sent to Bitcoin Magazine. BPI begins by exploring the strong possibility of the 21st century being known as “The Chinese Century”, in reference to the authoritarian use of…
Bitcoin (BTC) will see increased interest from the United Kingdom “very quickly” as fiat currency volatility makes BTC look like a stablecoin. That was the conclusion from Gabor Gurbacs, strategy advisor at investment giant VanEck, one of many flagging Bitcoin’s appeal over the pound this week. UK becomes fertile ground for Bitcoin “orange pill” As the U.S. dollar runs rampant,…
