Baton, Wormhole, Rokid, Saga, Bazooka Tango, Authentic, and Intract are among the latest startups to secure venture capital funding. November strengthened venture capitalists’ confidence in crypto and Web3 projects, with major funding rounds returning to the charts alongside seed capital for early-stage firms.  Cross-chain protocol Wormhole, for instance, secured a $225-million investment at a valuation of $2.5 […]

The Hong Kong-based crypto exchange had no KYC and was a major support for the darknet marketplace Hydra. Anatoly Legkodymov, co-founder and former CEO of cryptocurrency exchange Bitzlato, pleaded guilty to one count of operating an unlicensed money services business on Dec. 6. Legkodymov appeared in New York Eastern District Court in Brooklyn before Judge […]

On Wednesday, Google unveiled Gemini, its most advanced artificial intelligence system to date, marking a significant milestone in its AI development. Dubbed “our largest and most capable AI model yet” by Google CEO Sundar Pichai, Gemini is designed to understand and operate seamlessly across text, images, audio, video, and other modes of information. “This new […]

Hong Kong’s Securities and Futures Commission (SFC) has restricted access to two cryptocurrency websites, according to a Dec. 6 notice. In that post, the securities regulator said that it had taken steps to block access to the websites of HongKongDAO (also known as Hong Kong Digital Research Institute) and BitCuped. Despite the regulator’s actions, both […]

Executives working in the gaming industry weighed in on potential Web3 gaming trends in 2024. In this week’s newsletter, read about how Michael Jackson’s first recording is coming to the blockchain and why the nonfungible token (NFT) lending protocol ParaSpace was rebranded to Parallel Finance. Check out how the Rarible ecosystem is furthering its commitment […]

Jamie Dimon has previously referred to cryptocurrencies as “decentralized Ponzi schemes” and Bitcoin as a “fraud.” JPMorgan Chase chair and CEO Jamie Dimon told several United States lawmakers that if he had the authority in government, he would try to shut down crypto. In a Dec. 6 hearing of the Senate Banking Committee on oversight […]

WonderFi is currently one of the largest digital asset operators in Canada. Bitbuy and Coinsquare, two of the largest crypto exchanges domiciled in Canada, have surpassed $1 billion CAD in assets ($736 million) under management. According to the Dec. 6 announcement by parent company WonderFi, the two entities currently hold $1 billion CAD in clients’ […]

Coinbase has unveiled a new feature to its wallet service, streamlining international fund transfers. This new update aims to make the transfer of funds as effortless as sending a text. Coinbase Unveils Link-Based Money Transfer Service Coinbase (Nasdaq: COIN) has launched its latest wallet feature that facilitates global fund transfers. The platform now allows users […]

This article is featured in Bitcoin Magazine’s “The Primary Issue”. Click here to get your Annual Bitcoin Magazine Subscription. “Every election is a sort of advance auction sale of stolen goods.” ― H.L. Mencken Voting is sometimes fake, sometimes real. Elite coalitions gather behind the scenes and what you see in front of the camera […]

At the “Annual Oversight of Wall Street Firms” hearing before the Senate Committee on Banking, Housing, and Urban Affairs on Dec. 6, Senator Elizabeth Warren (D-MA) questioned bank CEOs about illicit financial activities involving cryptocurrencies as part of a broader effort to advance regulatory legislation. Present at the hearing were the CEOs of JPMorgan, Wells […]