Blockchain

Investment in digital asset products recorded a minor outflow of $17 million last week, marking the fourth consecutive week of negative sentiment, according to Coinshares. The total volumes of investment products were low at $844 million for the week, which also reflects a similar situation for the...

The non-fungible token (NFT) market is seeing a surge in trading volumes, with February recording the highest numbers since May 2022, according to DappRadar's latest industry report. What Happened: The data platform revealed NFT trading volumes reached $2 billion, with much of the growth...

Decentralized finance (DeFi) lending protocol Iron Bank is calling on Alpha Homora to take responsibility for its bad debt. Alpha Homora allegedly failed to provide a proposed solution to the issue despite repeated requests by Iron Bank. Iron Bank said it has been seeking a transparent and written...

British Virgin Islands-based digital Collectibles web3 platform Few and Far has raised $10.5 million in a funding round led by blockchain investment firm Pantera Capital. Cypher Capital, Huobi Ventures, Hypersphere, Metaweb, Mantis Partners, and K5 Global also participated in the effort. The new...

Six major crypto projects raised a total of $301.9 million in February. That's a 34% increase from the previous month's fundraising amount, according to a report. These projects hope to expand infrastructure, scale services, and hire top talent, DeFi TVL aggregator DefiLlama...

Cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) announced Thursday that it has stopped accepting or initiating payments to or from Silvergate Capital Corp (NYSE: SI) out of an "abundance of caution."  On Wednesday, Silvergate delayed the filing of its annual report...

UBS (NYSE: UBS) has issued a report stating that concerns over the release of large amounts of Bitcoin (CRYPTO: BTC) onto the market as a result of the Mt. Gox bankruptcy repayments are overdone. While creditors of the now-defunct cryptocurrency exchange are set to recover some of their funds after...

After the industry meltdown, U.S. payment giants Visa Inc (NYSE: V) and Mastercard Inc (NYSE: MA) paused plans to forge new partnerships with crypto firms. Both Visa and Mastercard postponed the launch of certain products and services related to crypto until recovery of the...

Goldman Sachs Group Inc.’s (NYSE: GS) digital asset team is exploring the potential for blockchain technology to enhance the efficiency of private equity and other markets. What Happened: According to the team's global head, Mathew McDermott, the bank remains "hugely supportive...

The emirate of Ras Al Khaimah in the United Arab Emirates (UAE) is launching a free zone exclusively for digital and virtual asset companies called the RAK Digital Assets Oasis (RAK DAO). What Happened: The zone is designed to support emerging technologies such as blockchain, the...

Despite the ongoing market downturn in the cryptocurrency industry, illicit cryptocurrency transaction volume has risen for the second consecutive year, reaching an all-time high of $20.6 billion in 2022, according to a report by blockchain analytics firm Chainalysis. The estimate is a lower bound...

Decentralized finance protocol Platypus Finance (CRYPTO: PTP), which runs on Avalanche (CRYPTO: AVAX), has confirmed that two individuals suspected of hacking their system have been arrested by the French National Police. The suspects were traced with the help of a "KYC-verified...

DeFi protocol Huma has raised $8.3 million in seed funding. Race Capital and Distributed Global led the effort, with participation from ParaFi Capital, Circle Ventures, Folius Ventures, and Robot Ventures. Huma, which offers income-backed lending services, plans to use the funds to develop its...

A federal grand jury in the District of Oregon has charged four founders of Forsage, a purportedly decentralized finance (DeFi) cryptocurrency investment platform, with running Ponzi and pyramid scheme that raised approximately $340 million from victim investors. What Happened: The...

Solana (CRYPTO: SOL), like other cryptocurrencies, experienced the fallout in the crypto markets in 2022. But its technical fundamentals remained strong despite the collapse of FTX, which had an inordinate impact on the blockchain's ecosystem, according to a recent research report by Coinbase....