Late last week, U.S. Securities and Exchange Commission chair Gary Gensler said that he was “proud to serve” the agency, which some are taking as a hint at an upcoming resignation. Gensler has faced heavy criticism for his crackdown on crypto, including a recent lawsuit from 18 states, and is likely to be replaced under […]
Building trust in crypto with Jonathan Levin of Chainalysis Read More »
In August, the crypto news website Web3 Is Going Just Great published a post about the arrest of Roman Ziemian, the founder of crypto trading platform FutureNet, which is alleged to have defrauded victims out of a combined $21 million. For the news site’s administrator, Molly White, a software engineer and one of the world’s
Prominent crypto critic says someone offered bribes to take down a blog post Read More »
Stripe is in talks to acquire stablecoin platform Bridge for a whopping $1 billion, according to Forbes. The talks are reportedly in advanced stages, although nothing has been finalized. Bridge, cofounded by Coinbase alumni Zach Abrams and Sean Yu, has built an API that helps companies accept stablecoins. The pair raised $58 million from investors
Stripe in talks to acquire Bridge for $1 billion Read More »
Binance founder Changpeng “CZ” Zhao was released from US custody on Friday after serving out his four-month sentence in a low-security correctional facility. CZ’s sentence was the product of a federal investigation that found Binance had failed to stop widespread criminal activity on the world’s largest cryptocurrency exchange. CZ pleaded guilty to the DOJ’s charges,
Binance founder ‘CZ’ released from custody after four-month sentence Read More »
The promise of blockchain to change the world hasn’t materialized. For the most part, the technology has instead enabled people to speculate on a new asset class. A big hurdle to realizing blockchain’s full potential, web3 proponents argue, is that decentralized services are incredibly hard to build. Tomasz Tunguz, best known for his popular startup
Tomasz Tunguz’s Theory Ventures bets $12M on Initia, the ‘iOS for web3’ Read More »
OpenAI’s official press account on X was compromised by cryptocurrency scammers. Or, at least that’s what appears to have happened. Late Monday afternoon, OpenAI Newsroom, an account OpenAI recently launched to spotlight product- and policy-related announcements, posted about a supposedly new OpenAI-branded blockchain token, “$OPENAI.” “[$OPEANAI bridges] the gap between Al and blockchain technology,” the
Crypto scammers hack OpenAI’s press account on X Read More »
A North Korean hacking group earlier in August exploited a previously unknown bug in Chrome to target organizations with the goal of stealing cryptocurrency, according to Microsoft. In a report published on Friday, the tech giant’s cybersecurity researchers said they first saw evidence of the hackers’ activities on August 19, and said the hackers were
North Korean hackers exploited Chrome zero-day to steal crypto Read More »
Many tech companies are expanding their reach into the web3 market, integrating blockchain and web3 technologies into their products and services. In the latest development, South Korean internet giant Naver is launching its first digital asset wallet, Naver Pay Wallet, for the Korean market. It is partnering with Chiliz, a blockchain provider for sports and
South Korean tech giant Naver launches crypto wallet in partnership with Chiliz Read More »
OpenSea, which calls itself the “world’s largest” nonfungible token (NFT) marketplace, received a Wells notice from the SEC, the company said in a blog post Wednesday, indicating the regulator may soon bring a lawsuit against the company. In a tweet, CEO Devin Finzer says the SEC is claiming NFTs on OpenSea’s platform are unregistered securities.
SEC takes aim at NFT marketplace OpenSea Read More »
A security researcher says six companies were saved from having to pay potentially hefty ransom demands, in part thanks to rookie security flaws found in the web infrastructure used by the ransomware gangs themselves. Two companies received the decryption keys to unscramble their data without having to pay the cybercriminals a ransom, and four hacked
