cryptocurrencies

An estimated $2 billion worth of cryptocurrencies has been stolen from cross-chain bridges across 13 separate hacks so far this year. The attacks on cross-chain bridges account for 69% of total funds stolen, according to a recent report by blockchain data firm Chainalysis, and pose a serious risk...

MicroStrategy (NYSE: MSTR) recently reported a net loss of more than $1 billion in the second quarter compared with a loss of about $299.3 million in the same period last year. Co-founder Michael Saylor promptly resigned on the heels of the news. As a result, financial services company Canaccord...

Fan engagement and rewards platform Socios.com, along with technology provider Chiliz, announced a $100 million investment in FC Barcelona.  The move accelerates the football club's blockchain, non-fungible tokens (NFTs), digital assets and Web3 strategies. Socios.com and Chiliz will...

A majority of the community of decentralized non-custodial market protocol Aave (CRYPTO: AAVE) DAO has voted in favor of creating a stablecoin GHO, which will be backed by a portfolio of other cryptocurrencies as collateral. Aave DAO is a non-custodial, decentralized market system that lets users...

American rapper Soulja Boy mistakenly included the details of how much he stood to gain if he successfully promoted a cryptocurrency project. What Happened: The rapper recently tweeted in support of a new cryptocurrency project SaferMars, unintentionally including details of how much the...

Schwab Asset Management, the asset management arm of Charles Schwab Corporation (NYSE: SCHW) has announced the launch of a Schwab Crypto Thematic ETF, with the first day of trading expected to be on or about August 4 on the New York Stock Exchange. The ETF will trade under the symbol STCE. Offers...

Crypto enthusiasts and investors alike are going gung-ho about the Metaverse like it is the largest societal disruption that civilization has ever seen, even as the globe continues to deal with the COVID-19 pandemic's effects. In an effort to grab consumers' attention, the word "...

Amid a subdued cryptocurrency market, leading venture capitalist firm Variant has announced the raising of $450 million, targeting DeFi projects, blockchain infrastructure, consumer application, stablecoins, and non-fungible tokens (NFTs). $150 million to be invested in start-ups Out of the total $...

Daimler South East Asia, part of the Mercedes Benz Group, introduced a blockchain-based data sharing network called Acentrik that is specifically designed for corporate users. The new project will let businesses purchase and sell data in a decentralized setting. Polygon, an Ethereum Layer-2 scaling...

Amid sluggish sentiments in the cryptocurrency market, a Ukrainian minister on Tuesday said the digital assets have played an important role in the country’s defense against the invasion by Russia, saving the lives of the country’s soldiers and that cryptocurrencies were going to...

A new class action lawsuit alleges that Yuga Labs, the company behind ApeCoin and Bored Ape Yacht Club, swindled investors. Miami-based Yuga touted its non-fungible tokens (NFTs) and coins for having huge growth prospects and investment returns through celebrity promoters and endorsements,...

The Financial Supervisory Commission (FSC) of Taiwan has banned the use of credit cards for cryptocurrency transactions on the island nation. According to a letter issued by the financial watchdog to the banking industry association, banks have been directed to not grant the “merchant status...

Crypto venture funding, which saw a record Q1 in 2022, witnessed the deal pace of Coinbase Ventures slow down in the second quarter, with the total count decreasing 34%, from 71 to 47. According to data released by The Block, venture funding in the blockchain sector declined 22%, from $12.5 billion...

Even as Ethereum (CRYPTO: ETH), the world’s second-largest digital currency by market capitalization is up 40% in a month and has played a crucial role in the recovery of the cryptocurrency market, the network’s co-founder Vitalik Buterin said the protocol will only be 55% complete...

Founders of the beleaguered crypto lending and borrowing firm Three Arrows Capital (3AC) say they received death threats following the collapse of their company, and that's what compelled them to disappear. See Also: Here Is Everyone (For Now) 3 Arrows Capital (3AC) Owes Money To In a recent...