The U.S. Securities and Exchange Commission (SEC) has settled with a former Coinbase product manager and his brother for insider trading, the agency announced Tuesday. Former Coinbase employee Ishan Wahi and brother Nikhil Wahi were working on “a plan to act ahead of multiple announcements regarding at least nine crypto asset securities to be made … Read more
While some crypto companies are going mainstream through partnerships, alliances or deals with big brand names, others operate to the beat of their own drum and don’t worry about having a big label with them. Solana, a layer-1 blockchain launched in 2020, is one of the largest chains developers build on. Excluding stablecoins, Solana is … Read more
It is” target=”_blank” rel=”noopener”>Memorial Day here in the United States, which means the flow of tech news is slower than usual, which can leave you feeling deprived, adrift without the usual 3,239 individual items that happen every day in startup land, but never fear because Acutely.info+ is here with a quick rewind of our work … Read more
This week, Worldcoin, an outfit that aims to serve as proof of personality in a world where it’s getting harder every day to tell a human from a bot, raised $115 million in Series C funding. Led by 10-year-old Blockchain Capital, whose bets include Coinbase, Kraken and OpenSea, the investment brings Worldcoin’s funding to at … Read more
follow me on twitter @Jacqmelinek for breaking crypto news, memes and more. Welcome back to Chain reaction. Do you have a coin? No? Well, Worldcoin did. Tools for Humanity, the team building Worldcoin, has raised $115 million in a Series C round led by Blockchain Capital. The crypto-focused project was co-founded by Sam Altman, CEO … Read more
Following a bankruptcy process, the assets of failed cryptocurrency lender Celsius Network are about to be acquired by a consortium called Fahrenheit. Behind this name is a group of bidders led by investment company Arrington Capital. The other members of the consortium are crypto mining company US Bitcoin Corp., Proof Group, Steven Kokinos and Ravi … Read more
Historically, startups have built their products on blockchains outside of the Bitcoin network to avoid the slow transaction speeds, high fees, and inability to communicate cross-chain. But thanks to efforts like the Lightning Network and Taproot (formerly Taro), which have improved the accessibility, speed, and scalability of the Bitcoin network, a number of enthusiasts are … Read more
A high court in Montenegro overruled an earlier decision by a lower court that would have released Terraform Labs founder Do Kwon on bail. Bloomberg first reported the news. Kwon will remain in jail until the court in Montenegro makes a new decision in light of the high court’s latest decision, according to Bloomberg, which … Read more
Critics have long discredited non-fungible tokens as overpriced JPEGs sold by people looking to make a quick buck. NFT believers want to prove them wrong and show that these certificates of digital art stored on the blockchain, a distributed, immutable database, have real use cases. Their efforts often include integrating NFTs into applications that are … Read more
Mainstream brands and financial services companies are testing the waters of crypto, but many are hesitant to fully dive into the blockchain realm due to uncertainty and a general lack of confidence. Every industry has its hiccups and bumps, but crypto has been hit particularly hard recently, with plenty of headwinds from regulators and its … Read more
This deep into the crypto winter has seen few debuts from major venture capital funds, a far cry from previous years. But the freeze hasn’t stopped some venture capitalists from launching new funds aimed at the decentralized technology market. Dispersion Capital has assembled an initial $40 million fund to invest in decentralized infrastructure, the company … Read more
The Solana Foundation launches an AI accelerator program and increases the grant program to $10 million Jacquelyn Melinek 12 hours As the artificial intelligence market continues to heat up, a number of crypto players – big and small – are diving in. The Solana Foundation, the nonprofit behind the layer-1 blockchain Solana, has officially integrated … Read more