According to an analysis from investment manager firm VanEck, exchange volume across DeFi protocols declined to $52.8 billion in August, 15.5% lower than in July.

DeFi economic activity drops 15% in August —VanEck

The decentralized finance (DeFi) ecosystem suffered more setbacks in August as on-chain economic activity dwindled. According to an analysis from investment manager firm VanEck, exchan...

1 year ago

Anthony Scaramucci’s SkyBridge Capital is among the asset management firms leading the bids for Silicon Valley Bank’s venture capital arm, with a sale expected in the coming weeks.

Scaramucci leads bidding for Silicon Valley Bank VC arm: Report

SVB Financial Group, the former parent company of Silicon Valley Bank, is getting closer to a deal that will see the institution sell its venture capital arm SVB Capital. According to ...

1 year ago

NFL Star Trevor Lawrence and Two Other Celebrities Settle FTX Lawsuit

Three high-profile figures, including NFL quarterback Trevor Lawrence and popular YouTubers Kevin Paffrath and Tom Nash, have chosen to settle a lawsuit relating to their promotional a...

1 year ago

Cryptocurrency platform JPEX

Crypto Exchange JPEX Suspends Earn Trading Amid Ongoing Investigations in Hong Kong

Cryptocurrency platform JPEX, headquartered in Dubai, is reportedly shutting down some of its operations, as the exchange is facing a probe from Hong Kong police ...

1 year ago

Developers of the Ethereum blockchain say there was a misconfiguration in the genesis files of the test network, and now they plan to try again in about two weeks.

Ethereum’s Holesky Testnet Fails to Launch, in Rare Tech Misstep for the Blockchain

Ethereum developers failed to get their new test network, Holesky, started on Friday, marring a technological milestone that was supposed to serve as a celebration of the first anniver...

1 year ago

TikTok has emerged as the latest breeding ground for fraudulent crypto giveaways that have collectively siphoned off millions from unsuspecting user

TikTok Battling Influx of Elon Musk Crypto Scams

According to a recent report by Bleeping Computer, TikTok has become a hotbed for fake cryptocurrency giveaway scams, many of which impersonate Elon Musk, Tesla, or SpaceX.  These...

1 year ago

Grab, Southeast Asia’s Uber-like super app, is working with the USDC issuer Circle to enable Web3 services for its 187 million users.

Grab, Uber’s Southeast Asian rival, debuts Web3 services with Circle

Grab, Southeast Asia’s super app and the biggest technology startup in the region, is piloting Web3 services in Singapore in collaboration with the USD Coin 

1 year ago

Sui joins the growing ranks of Web3 firms looking to onboard users who are all too often “irretrievably lost” at the doorstep of Web3.

Sui Network launches Google, Twitch and Facebook logins for DApps

Layer-one blockchain Sui Network has taken a step towards simplifying Web3 onboarding, allowing users to sign up for Sui-powered apps without having to manage an external crypto wallet or seed p...

1 year ago

Three Arrows Capital founders Kyle Davies and Zhu Su are barred from regulated activities or acting as top execs at any financial firm in Singapore.

Singapore’s central bank slugs Three Arrows founders with 9-year ban

Singapore’s central bank has issued nine-year prohibition orders to Kyle Davies and Su Zhu over alleged violations of the country’s securities laws at their co-founded crypto hedge f...

1 year ago

Australian F1 driver Daniel Ricciardo said it took him a while to get comfortable with the idea of crypto, and that was before the collapse of FTX.

How OKX convinced F1 star Daniel Ricciardo it’s safe to promote crypto

Australian F1 driver Daniel Ricciardo and his Olympic snowboarder mate Scotty James say they always think long and hard about the risks of promoting the wrong thing.  And as brand...

1 year ago