Chainalysis, a blockchain analytics provider, has announced its $170 million Series F funding round. The fresh funding succeeded its $100 million raise back in June 2021 and more than doubly exceeded its valuation of $4.2 billion at the same time. The raise was led by Singaporean sovereign wealth fund GIC and further participated in by investors Accel — who previously led…
Digital art was born in the 1960s, but the 2020s will surely go down as the era when the medium came into its own, and turned the art industry upside down in the process. Technology, in the form of non-fungible tokens (NFTs) such as CryptoPunks, has played a key role in disrupting traditional art-market dynamics. Online marketplaces and platforms have…
Decentralized blockchain technology has been around for a relatively short period of time, in the grand scheme of things, but its decentralized nature has the power to keep data and information out of the hands of censors looking to create a “safe” and “faultless” version of history. Blockchain is permissionless and literally owned by no one. So, while we can’t…
Ark Invest, the investment house led by Cathie Wood, bought a total of 546,579 shares of Coinbase on Wednesday, worth $2.9 million, according to the firm’s daily trade information newsletter. The purchase is spread out across the company’s three actively managed exchange-traded funds: Ark Innovation (ARKK), Next Generation Internet (ARKW), and Fintech Innovation (ARKF). Coinbase, America’s largest cryptocurrency exchange, released…
Bitcoin fell below $30,000 for the second time this week, however today’s plunge saw prices fall to their lowest level since December 2020. BTC hit a low around $26,000 on Thursday, whilst ETH moved below $2,000 for the first time in over a year. Bitcoin Following a slight rally on Wednesday, BTC fell back into the red on Thursday, as…
Web3 identity platform Unstoppable Domains has teamed up with Blue Studios to launch Wallio, a software wallet that allows groups to manage their cryptocurrency together. Wallio is being marketed as a “family wallet” because of features that allow an administrator to set spending limits, savings goals, and approvals for transactions. It could be used to monitor children’s introduction to Web3,…
The world’s largest asset manager, Blackrock, and hedge fund giant Citadel Securities have denied claims that they had a role in the fall of terrausd (UST) and terra (LUNA). In addition, crypto exchange Gemini has denied making a bitcoin loan that resulted in the terra collapse. Blackrock, Citadel Securities, Gemini Deny Rumors Following the collapse of terra (LUNA) after algorithmic…
The crypto winter could be claiming more casualties among the stablecoin camp. The depegging of TerraUSD (UST) on May 10 triggered market selloffs, and now Tether (USDT) appears to be losing its footing. It has slipped against the U.S. dollar. The algorithmic stablecoin UST, as the name implies, is algorithmically backed. Terra (LUNA), the ecosystem’s corresponding token, sank over 95% since…
On Thursday, Terraform Labs, the team behind the Terra ecosystem, outlined three emergency measures aimed at saving LUNA and its native stablecoin UST from collapse. The three measures include burning the remaining UST in the community pool, burning any UST that still exists on Ethereum, and staking $240 million LUNA to protect the project from a governance attack. With a…
The queen of pop has collaborated with record-setting artist Beeple to create a series called “Mother of Creation” which includes three nonfungible tokens (NFTs) titled Mother of Technology, Mother of Nature and Mother of Evolution. The NFTs show a 3D likeness of Madonna giving birth to robot centipedes, butterflies and trees. As the markets went crazy over stablecoins showing instability,…
