Backpack was founded by Armani Ferrante and Trian Yver, alums of defunct trading companies Alameda Research and bankrupt crypto exchange FTX respectively.
Web 3 Startup Tensorplex Labs Raises $3M Seed Funding to Decentralize AI
Tensorplex said decentralization is an antidote to the risk of tech giants monopolizing artificial intelligence, making them prone to biases or censorship.
North Korean Crypto Hackers Have Stolen $3B Since 2017, Says UN Security Council: Report
A UN Security Council panel is investigating 17 crypto heists in 2023, for which North Korea may have been responsible, which were valued at more than $750 million.
Guilty Verdict for Woman Accused of Laundering Bitcoin Tied to Alleged $6B China Fraud: Bloomberg
Police in the U.K. seized over 1.7 billion pounds ($2.2 billion) worth of related bitcoin in 2018.
Bitcoin’s Halving May Be Here Sooner Than You Know (Again)
Several months ago, the halving was expected to take place on April 28; now it’s on track to land on April 18. Blame the surge in bitcoin’s price, which has attracted more mining power and sped up the network.
Lithuania-Licensed Crypto Bank Meld to Offer Tokenized RWAs to Retail Investors
Meld, which is in partnership with the layer-1 blockchain of the same name, signed an initial agreement with DeFi platform Swarm Markets, which started a real-world asset platform in December.
Immutable, King River Capital, Polygon Labs Set Up $100M Web3 Gaming Fund
Immutable and Polygon Labs will identify investment opportunities while King River will manage the investment process and deploy the capital across game studios and web3 infrastructure firms.
Michael Saylor’s MicroStrategy Acquired Another 9,245 BTC For $623M
MicroStrategy now holds approximately 214,246 BTC ($13.5 billion), which is more than 1% of all the 21 million bitcoin that will ever exist.
Galaxy Digital to Introduce Exchange-Traded Products in Europe in ‘Matter of Weeks’
Galaxy Digital teamed up with asset manager DWS last April to develop ETPs designed to give Europeans access to digital-asset investment through traditional brokerage accounts.
Grayscale CEO Believes Bitcoin ETF Fees Will Drop Over Time: CNBC
GBTC has seen $12 billion in outflows since due in part to its high fees compared to its competitors.
Standard Chartered Raises Year-End BTC Forecast to $150K, Sees 2025 High of $250K
The bank also predicted that approval of an ether ETF could be expected on May 23, leading to as much as $45 billion of inflows in the first 12 months and ETH climbing to $8,000 by the end of 2024.
Michael Saylor’s MicroStrategy Prices Upsized $525M Debt Offering to Buy More Bitcoin
The firm announced its plans to raise $500 million in a debt offering on Wednesday only days after purchasing 12,000 BTC with the proceeds of a previous $700 million offering.
Michael Saylor’s MicroStrategy Prices Upsized $525M Debt Offering to Buy More Bitcoin
The firm announced its plans to raise $500 million in a debt offering on Wednesday only days after purchasing 12,000 BTC with the proceeds of a previous $700 million offering.
Binance Spun Off Venture Capital Arm Earlier This Year: Bloomberg
Binance Labs now has a disclaimer on its website describing it as “an independent venture and not part of the Binance Group.”
Ethereum Staking Protocol Swell Unveils Layer-2 Rollup With $1B Total Value Locked
Swell developed the rollup alongside Ethereum scaler AltLayer and a16z-backed crypto-staking project EigenLayer.
Jack Dorsey’s Block Begins Shipping Bitkey Bitcoin Wallets
Block unveiled Bitkey for pre-order in 95 countries last December having commenced beta testing during the summer.
Jamie Dimon Defends Right to Buy Bitcoin Even Though He Never Will
Dimon has been a consistent critic of the cryptocurrency over the years and his latest comments demonstrate nothing has changed despite the ongoing mainstream adoption of bitcoin in the form of ETFs in the U.S.
BRC-20 Creator Domo Addresses Thorny Governance Issues With New ‘Lead Maintainer’ Appointments
Governance on BRC-20 and on Bitcoin general is often a thorny subject, as highlighted at the start of this year when Ordinals marketplace UniSat and Domo came into a potential conflict.
MicroStrategy Acquires 12,000 More BTC With Convertible Senior Notes Proceeds
The software firm, founded by staunch bitcoin advocate Michael Saylor, now holds 205,000 BTC worth around $14.7 billion.
Unibot Tanks 33% After Ending Collaboration With Solana Group
From trading at a high of $77 at the start of the European morning on Monday, UNIBOT sank 40% to around $45.51 before rebounding slightly.