ethereum

Roll still doesn’t know how its hot wallet was hacked

Move fast, break things, get hacked. That’s what happened at Roll, the social currency platform that allows creators to mint and distribute their own Ethereum-based cryptocurrency known as socia

NFT marketplace OpenSea raises $23 million from a16z

OpenSea has been one of a handful of NFT marketplaces to explode in popularity in recent weeks as collectors wade into the trading of non-fungible tokens on the blockchain. While new startups have bee

Vega raises $5M to give anyone the ability to launch a derivatives market

Vega, a startup that is building a decentralized protocol for creating and trading on derivatives markets, has raised $5 million in funding. Arrington Capital and Cumberland DRW co-led the round, whic

$5.7M stolen in Roll crypto heist after hot wallet hacked

A security breach at cryptocurrency platform Roll allowed a hacker to obtain the private key to its hot wallet and steal its contents — worth about $5.7 million. In a statement, the company said it

Chinese beauty app Meitu bought $40 million worth of cryptocurrency

Following in the footsteps of Tesla, Chinese app maker Meitu has joined the ranks of cryptocurrency investment. In the early 2010s, Meitu reached such dominance in the portrait touch-up space that its

Coinbase is going public via direct listing

Coinbase plans to go public by way of a direct listing, the company announced in a blog post today. The cryptocurrency exchange was founded in 2012 and allows users to buy and trade decentralized toke

Could meme stocks like GameStop kill Bitcoin’s rise?

Cryptocurrencies, more so than most other things, are only valuable because of a shared agreement that they are valuable. Their value is a product of digital handshakes over millions of transactions f

Cryptos lose ground as bitcoin falls 23%, ether 29% in last 24 hours

After rallying to record-setting prices, recapturing the attention of the public and becoming once-again the topic du jour, cryptocurrencies are losing ground today. Bitcoin, the best-known cryptocurr

Is rising usage driving crypto’s recent price boom?

Do the price gains make sense in the short-term? Who knows. But they are not based on nothing.

PayPal says all users in US can now buy, hold and sell cryptocurrencies

PayPal announced today it’s dropping the waitlist to buy, hold and sell cryptocurrency in the U.S. With the move, all customers in the U.S. will be able to purchase cryptocurrency directly from

Singapore-based options trading platform Sparrow raises $3.5 million Series A

Sparrow Exchange, a Bitcoin and Ethereum options trading platform based in Singapore, will launch more products after raising $3.5 million in Series A funding. The round was led by HDR Group, the owne

Crypto Startup School: Capturing value in crypto through network effects and mechanism design

Week three of a16z’s Crypto Startup School focuses on understanding how to capture value and design proper incentives within the decentralized framework. We learn how familiar ideas like network eff

Buzzy Ethereum wallet app Argent comes out of stealth

Argent is launching the first public version of its Ethereum wallet for iOS and Android. The company has been available as a limited beta for a few months with a few thousand users. But it has already

Crypto Startup School: A new type of computer drives waves of innovation

In week one of a16z’s Crypto Startup School, the firm addresses “Crypto Networks and Why They Matter” and “Blockchain Primitives: Cryptography and Consensus.”

FalconX raises $17M to power its crypto trading service

Over the last few weeks all eyes in the crypto world have been glued to the halvening, a nigh-religious moment in the blockchain realm. Every once in a while, the amount of new bitcoin mined — d

NEAR Protocol raises $21.6M from A16Z and launches its MainNet, beating Ethereum 2.0

It was only the other week that Andreesen Horowitz announced their second blockchain-focused fund of $515 million. In the announcement, they said: “We are still early in this Web 3 build-out. Hi

Andreessen Horowitz just closed its second crypto fund

Two years ago, the venture firm Andreessen Horowitz (a16z) took the wraps off a dedicated crypto fund from a subset of its limited partners who provided the firm with $300 million in capital commitmen

Securitization platform Cadence surpasses $125M deal volume and raises $4M

Securitization is a critical function of the modern financial system. Banks “package” individual loans, say a mortgage or an auto loan, into a group with similar characteristics and sell them to o

Stocks sharply rebound as markets rally on expectations of government bailout, testing

As America’s fractured Congress inches closer to an agreement on a comprehensive bailout for the economic hardships businesses and workers are facing due to the COVID-19 pandemic, stocks are po

Alchemy is secretly fixing blockchain’s node nightmare

The top cryptocurrency companies have quietly begun to outsource their infrastructure problems to a tiny stealth startup. It’s called Alchemy. Today it’s making the big public reveal of it
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