Cathie Wood’s Investment Management firm Ark Invest has gone back to buying Coinbase shares again, just a day after the COIN’s stock price dipped amid news of its Wells notice. On March 23, the firm purchased 268,928 Coinbase shares via its ARKK Innovation and ARKW Next Generation Internet exchange-traded funds (ETFs), which are worth $17.88 million at the time of…
Artificial intelligence chatbot ChatGPT can now retrieve information from online sources and interact with third-party websites via a new plugin feature introduced by its creator, OpenAI. The plugin feature is still in its “limited” alpha phase and will only be available to a small set of users initially before rolling out to “larger-scale access. Users must add themselves to a…
The United States’ crackdown on cryptocurrencies and firms will only serve to stifle crypto-related innovation and “weaken” the country, said industry pundits in the wake of Coinbase’s recent Wells notice. On March 22, crypto exchange Coinbase became the latest crypto firm to receive a “legal threat” — in the form of a Wells notice, just a month after stablecoin-issuer Paxos…
Kyle Davies, co-founder of bankrupt crypto hedge fund Three Arrows Capital (3AC), has been ordered to answer the subpoena issued to him in Januaryor risk being held in contempt of court. The Jan. 5 subpoena was issued to Davies via Twitter by a New York bankruptcy court, instructing Davies to provide 3AC’s liquidators with documents within 14 days such as…
Daily transaction fees for minting Bitcoin Ordinals inscriptions reached a new all-time high on Thursday of 9.28 BTC, around $257,460, according to a Dune Analytics report. The surge is largely attributed to Bitcoin Apes, a variation of the popular Bored Ape Yacht Club NFT collection that is being reproduced on the Bitcoin Network. Since the launch of the Ordinals project…
Our weekly roundup of news from East Asia curates the industry’s most important developments. Chinese crypto billionaire sued by SEC On Mar. 22, the U.S. Securities and Exchange Commission, or SEC, announced charges against Chinese blockchain personality and billionaire Sun Yuchen — better known as Justin Sun — and three of his wholly-owned companies Tron Foundation Limited, BitTorrent Foundation Ltd., and…
Terraform Labs CEO Do Kwon has been charged with fraud by United States prosecutors in New York, just hours after he was reportedly arrested in Montenegro. The 31-year-old entrepreneur was charged with eight separate counts, including securities fraud, commodities fraud and wire fraud, according to a March 24 report from Bloomberg. Filip Adzic, minister of interior of Montenegro on March…
Debtors of collapsed cryptocurrency exchange FTX filed a motion in bankruptcy court Thursday, seeking to sell a multimillion-dollar stake in the Web3 firm Mysten Labs back to the Delaware-based startup. The Mysten Labs offer comprises $95 million in preferred stock and $1 million worth of SUI token warrants—a financial derivative that grants its holder the right to purchase tokens at…
Midnight Society’s Rob Bowling Talks Deadrop Launch and Working With Dr. Disrespect Former “Call of Duty” developer Rob Bowling, now head of Midnight Society Studio, checked in with Decrypt’s Kate Irwin at GDC and shared some behind-the-scenes statistics on how players are enjoying “Deadrop.” The game saw 90,000 player hours over the weekend, with 97 minutes average play time per…
Since the collapse of three American banks friendly to cryptocurrency businesses and the U.S. government’s insistence that crypto assets are “risky investments,” many speculators believe bureaucrats are purposely closing access to cryptocurrencies. Some refer to the U.S. government’s recent enforcement as “Operation Chokepoint,” a mission aimed at eliminating access to the crypto ecosystem in the United States. Bank Shutdowns Raise…
