Category Archives: Blockchain

Crypto VC funding: Balance brings in $30m, Hypernative collects $16m

Crypto VC funding

Venture capitalists are significantly ramping up their investments in crypto-related funds this year, marking a stark contrast to the downturn experienced last year. According to a recent PitchBook report released on September 5, the median fund size has surged by 65.1%, reaching $41.3 million in 2024. Crypto-savvy investors are increasingly establishing midsized venture capital funds, […]

Trump crypto venture peeves allies: ‘Huge mistake… the juiciest DeFi target ever’

Trump crypto

The Trump family’s latest business venture, initially branded as “The Defiant Ones” and now known as World Liberty Financial, is already surrounded by controversy just days after its announcement. The platform is being promoted by Trump’s eldest sons, Eric Trump and Donald Trump Jr., who serve as “ambassadors” for the initiative. However, reports reveal connections […]

VanEck to close Ethereum futures ETF by late September

VanEck to close Ethereum futures ETF

VanEck has announced its decision to close and liquidate its Ethereum Strategy ETF, listed on the CBOE under the ticker symbol ‘EFUT.’ Trading for the fund will cease after the market closes on September 16, with liquidation expected to be completed around September 23. Shareholders holding EFUT shares on the liquidation date will receive a […]

Bitcoin Pumps, Then Dumps Below $54K as Jobs Report Spurs Crypto Volatility

bitcoin dump

The recent price volatility in the cryptocurrency market resulted in nearly $50 million worth of leveraged derivatives positions being liquidated within just one hour, according to data from CoinGlass. The broader Piinetbox 20 Index fell by 3% in the past 24 hours, with major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, and Cardano (ADA) […]

Telegram Revamps Rules to Allow Moderation of Private Chats Following CEO Pavel Durov’s Arrest

telegrampi

The move follows the CEO’s recent arrest in France for allegedly neglecting to monitor illegal content. Telegram is making a significant shift in its approach to “illegal” activities on its messaging platform, just days after CEO Pavel Durov was detained in France for purportedly failing to regulate unlawful content. On Thursday evening, the previously permissive […]

In Trump-Backed Crypto Project, Insiders Are Poised for Unusually Big Token Payouts

trumb1

The team behind World Liberty Financial is poised to receive an astonishing 70% allocation of the project’s WLFI tokens, a figure that significantly surpasses typical distributions for projects claiming to address the inequities of the traditional finance system. According to a draft white paper obtained by Pinetbox, a staggering 70% of WLFI tokens will be […]

Kamala Harris Meme Coin Soars to All-Time High After Joe Biden Drops Out

KAMA meme coin (KAMA)

Crypto traders are once again engaging with the serious realm of presidential politics through the lens of meme coins, with one particular coin for Vice President Kamala Harris seeing a notable surge. The coin, named KAMA, skyrocketed to an all-time high of 2.4 cents shortly after President Joe Biden announced he would not seek re-election. […]

After ‘Civil War’ and Anti-Immigrant Tweets, Ryan Selkis Told to Cool It by His Crypto Startup’s Leadership

Messari's Ryan Selkis (Suzanne Cordiero/Shutterstock for CoinDesk's Consensus)

“I ran too hot this week, and will address that in full soon.” Ryan Selkis, the founder and CEO of the crypto data platform Messari, is known for his outspoken presence on social media, often using X (formerly Twitter) to direct sharp criticisms at Gary Gensler’s Securities and Exchange Commission, among others. However, his recent […]

Crypto Exchange Kraken Paid Dave Portnoy Bitcoin in Sponsorship Deal

Barstool founder and CEO Dave Portnoy Michael HickeyGetty Images

The chief of Barstool Sports, Dave Portnoy, has made it clear that while he wouldn’t consider purchasing Bitcoin (BTC) at its current price levels, he is “always” open to accepting it as a form of payment. “I believe in it that much,” he stated. Portnoy shared that he took a substantial portion of his sponsorship […]

What is a Blockchain and How Does It Work?

Blockchain technology

Key Takeaways When Satoshi Nakamoto published the Bitcoin whitepaper, he shared his mission to develop a “purely peer-to-peer version of electronic cash that would allow online payment to be sent directly from one party to another without going through a financial institution” This version of electronic cash will be built on a peer-to-peer network that timestamps transactions […]