On a sultry One day in mid-April, thousands of people lined up to enter the Hong Kong Convention Center where the city’s inaugural web3 festival was underway. Most had flown in from mainland China, but many others had come from Singapore, Japan, Indonesia, Thailand and even the US to see what the city had to … Read more
A crypto wallet A theft lawsuit filed by a man claiming to be Bitcoin creator Satoshi Nakamoto could jeopardize the future of open source software development. That’s according to the Jack Dorsey-backed Bitcoin Legal Defense Fund, which is filing a case to defend 11 Bitcoin developers named in a lawsuit brought by Craig Wright, an … Read more
“I think Sam has been working against us regulatoryly,” says FTX investor Anthony Scaramucci Jacquelyn Melinek 2 weeks It’s been nearly six months since FTX collapsed, and a lot has happened since then, including executives being sued for industrial companies dealing with ripple effects of the downfall. At Consensus 2023, Anthony Scaramucci, former White House … Read more
Welcome back to Chain reaction. Earlier this week, Binance.US broke its $1.3 billion deal to buy the assets of crypto broker Voyager Digital due to a “hostile and uncertain regulatory environment”. The announcement comes about nine months after Voyager filed for bankruptcy. At the time, the US-headquartered company — and its two subsidiaries — said … Read more
OpenSea, one of the largest NFT marketplaces, is known for its trading platform, which allows users to buy and sell digital assets. But the company continues to expand its product footprint to appeal to other audiences, such as Web 2.0 brands, said Shiva Rajaraman, OpenSea’s chief business officer. “We’re looking at the rest of this … Read more