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Eetika Kapoor
CoinSwitch launches $10 million Web 3 Discovery Fund to invest in early-stage Indian startups
The Web3 Discovery Fund will invest in early-stage startups building blockchain solutions for the Indian Web3 landscape.
Binance ceases off-chain fund transfer with WazirX after ED raids
The world's largest crypto exchange Binance, which disowned the Nischal Shetty-run crypto platform WazirX, on Monday said that it is removing the off-chain fund transfer channel between WazirX and Binance.
Katie Canales
Tom Brady bought a Bored Ape NFT for $430,000 in April. He's lost at least $194,000 on it since then.
The NFL quarterback is one of many celebs that have thrown support behind NFTs, but he's lost anywhere from $194,564 to $293,966 on his Bored Ape.
Carla Mozée
Bitcoin rises 4% to retake $24,000 as investors shift to risk-on ahead of this week's inflation report
Bitcoin has trimmed this year's loss to roughly 50%. A decline in US Treasury yields has aided bitcoin as the cryptocurrency offers no yield.
Phil Rosen
Bitcoin-bull Mike Novogratz's Galaxy Digital loses $555 million in 2nd quarter amid crypto winter
The crypto firm's second-quarter losses were more than triple those from a year earlier.
Pocharapon Neammanee
Czech prince William Rudolf Lobkowick is preserving heirlooms from his family's 700-year-old legacy, which were stolen by the Nazis and Communists, using NFTs
"It's not just about selling NFTs to support cultural monuments, but it's also looking at how do we preserve a record of our history?" he told CNBC.
Jennifer Sor
India's financial regulator raids director of Binance-owned crypto exchange and freezes funds over potential fraud and money-laundering
When asked about the activity, regulators said the crypto exchange was uncooperative, calling their responses "contradictory and ambiguous."
Katie Canales
The crypto winter has come for Jack Dorsey's company, Block
The ex-Twitter CEO's digital payments firm reported a fall in revenue due to bitcoin's slumped price and "broader uncertainty" in the crypto world.
Harry Robertson
Coinbase short-sellers lose $234 million in one day as shares surge following BlackRock tie-up
At one point on Thursday short-sellers were down more than $1 billion as Coinbase's stock skyrocketed.
Carla Mozée
Block slides as drop in bitcoin revenue dents 2nd-quarter earnings for the Cash App parent
Bitcoin's price dropped by nearly 60% during the second quarter but has recovered slightly to trade above $23,000.
Solana hack that drained $8 million is linked to the Slope mobile wallet
The multi-million Solana crypto hack, that drained more than 8,000 wallets worth around $8 million, has been linked to accounts tied with the Slope mobile wallet app.
Meta rolls out NFT support on Instagram to 100 countries
Meta CEO Mark Zuckerberg said that the company is beginning the international expansion of non-fungible tokens (NFT) support on Instagram.
Brian Evans
Coinbase will help BlackRock's top clients gain exposure to the cryptocurrency market in a new partnership
The partnership will initially be limited to bitcoin exposure, according to a Coinbase blog post. Shares of the exchange jumped as much as 21% early Thursday.
Jennifer Sor
A South Korean VC firm says it lost more than $3 billion in Luna's stunning crash earlier this year
It's one of the largest losses reported by a firm that backed Luna, with even more of a headwind than bankrupt Three Arrows Capital.
Aaron Weinman
The crypto winter has investors gearing up for court dates to recoup their losses, while the layoffs continue
Today's big story on Wall Street digs into crypto. With Coinbase and Block on deck to report their latest earnings, the Street has lowered expectations for the fintechs. Investors, meanwhile, are trying to win back some of their losses.
Eetika Kapoor
Binance co-founder Yi He to head its $7.5 billion VC arm
Binance, the world’s largest cryptocurrency exchange, said that its co-founder Yi He will now head its VC arm Binance Labs.
Carla Mozée
Michael Saylor to step down as MicroStrategy CEO as the software maker records $917 million charge on bitcoin investment
Saylor will become MicroStrategy's executive chairman and said he'd focus more on the company's bitcoin acquisition strategy.
Zahra Tayeb
Global stocks fall as US-China tensions mount while the dollar steadies after Fed-driven rally
Equities were in the red as tension between the US and China grows, while investors eyed the OPEC meeting for oil supply developments.
Eetika Kapoor
Solana Hack: 8000 crypto wallets compromised, millions wiped out
The popular blockchain Solana on Wednesday reported that an unknown bad actor has drained funds from 7,767 wallets on the Solana Network.
Avery Hartmans
Robinhood cuts 23% of its workforce in a second round layoffs affecting more than 800 jobs
The stock-trading app previously said it would lay off 9% of its workforce in April, after growing too rapidly during the pandemic.
Jennifer Sor
Robinhood's crypto unit gets slapped with a $30 million fine for failure to enforce proper security and money-laundering prevention
The action is the New York Department of Financial Services' first enforcement action related to crypto
Carla Mozée
SEC charges 11 people for running a crypto Ponzi scheme that raised $300 million from retail investors worldwide
A defendant known as Lola Ferrari was among those who created Forsage, a website used to bilk millions of dollars from crypto investors, the SEC said.
Jennifer Sor
The total value of the crypto market has surged in recent weeks as bears start to buy back in and bulls 'hold on for dear life'
Bank of America analysts said investors appear to be coming off the sidelines and back into crypto, but a recession would likely spark another sell-off.
Jennifer Sor
Regulators order embattled crypto firm Voyager to stop saying customer accounts are FDIC insured
Claims that Voyager or its customers are FDIC insured are not true, banking regulators said in a cease-and-desist letter to the crypto brokerage.
Eetika Kapoor
Sunanda Sharma becomes world’s first female Punjabi singer to launch song as NFT
FanTiger, one of India’s music NFT marketplace, launched its debut music NFT with Punjabi singer and actress, Sunanda Sharma, making her the world’s first female Punjabi singer to release a song as an NFT on Friday .
