Venture capital firm Sequoia announced an impending split that will see the company break into three distinct partnerships serving the United States, China, and Asian markets separately. The move, announced on June 6, is intended to decentralize back office functions for the company. Citing increased global financial complexity and a growing brand confusion, per a post on Twitter, Sequoia said…
Bitcoin (BTC) recovered some of its lost ground after the June 6 Wall Street open despite new legal action from United States regulators. BTC/USD 1-day candle chart on Bitstamp. Source: TradingView Analyst sees Coinbase marking BTC price low Data from Cointelegraph Markets Pro and TradingView tracked an ongoing rebound for BTC/USD, which reached $26,250 on Bitstamp. The pair had dipped to…
Lightning data provider Amboss wants to draw more enterprises to Bitcoin’s Lightning, hopefully spurring adoption of the speedy and cheaper protocol, with the introduction of the so-called LINER (Lightning Index Rate) index. The index provides businesses more insight into how much it costs to set up Lightning accounts on an annualized basis, as well as the yield businesses can earn…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG Crypto gaming startup Argus Labs has raised $10 million in seed funding in a round led by Haun Ventures, the firm announced today, with Robot Ventures, Anagram, Dispersion Capital, and Alchemy also participating in the round. The raise also included angel investors like Gitcoin co-founder Scott Moore, Sandbox VR…
The stock of cryptocurrency exchange Coinbaseplunged more than 20% at the open on June 6. At the time of publication, shares have pared some losses and are currently trading at $50.14, compared to an intra-day low of $46.43. The company’s market capitalization currently stands at $13.7 billion. The same day, the U.S. Securities and Commission (SEC) filed a lawsuit against…
Tech developers looking for a new challenge may well be turning their attention to blockchain. The space is still fresh enough that a newcomer can get in on the ground floor of exciting new developments and take their place among industry pioneers. However, devs who are used to being “tech gurus” may hesitate at the threshold, uncertain where to begin…
According to a statement published by the Alabama Securities Commission on June 6, a multi-state task force comprising of state regulators from Alabama, California, Illinois, Kentucky, Maryland, New Jersey, South Caroline, Vermont, Washington, and Wisconsin have issued a Show Cause Order against cryptocurrency exchange Coinbase. The order alleges that “Coinbase violates the securities law by offering its staking rewards program…
Coinbase shares plunged ahead of Wall Street’s opening bell on Tuesday as investors assessed what a lawsuit from the Securities and Exchange Commission (SEC) could mean for the leading U.S. cryptocurrency exchange. Coinbase, which trades on the Nasdaq under the COIN ticker, saw its shares fall more than 18% to $48.53 during pre-market trading, extending losses it sustained after rival…
When the U.S. government sanctioned coin mixer Tornado Cash, many thought it might spell the end for illicit crypto mixing services. But they’re back — and with a glossy new institutional sheen and legit use cases to help traders and funds keep their market moves a “trade” secret. Tornado Cash is what is known as a “mixer,” a “coin anonymizer”…
Twitch and Fractal co-founder Justin Kan and Fractal co-founder Dan Borstelmann share their perspectives on Web3 gaming’s changing landscape with Decrypt’s Kate Irwin. Source: https://decrypt.co/videos/interviews/MQG3SaBM/playing-for-money-in-web3-games-not-durable-says-fractals-justin-kan
