The U.S. Department of Justice on Monday announced that law enforcement seized $3.36 billion of bitcoin from a man who “unlawfully obtained” over 50,000 bitcoin from darkweb market Silk Road over a decade ago. The U.S. Attorney for the Southern District of New York said that James Zhong of Gainesville, Georgia, pleaded guilty on November […]
Crypto entities ranging from major exchanges to small projects are on the road to stateside regulation. Whether it comes through the Securities and Exchange Commission or the Commodity Futures Trading Commission, many actors in the space are looking for concrete future guidance on how to build compliant businesses in an emerging sector while navigating rules […]
The crypto ecosystem may be experiencing fewer hacks and alleged fraud incidents, but they’re still occurring as bad actors take hundreds of millions of dollars from users in the space. According to Immunefi’s Crypto Losses Q3 2022 report, crypto losses have declined for the past three quarters in a row, but it’s not clear whether […]
You’d be forgiven for expecting public fintech companies that facilitate consumer trading to be under pressure this week. And yet, after reporting earnings, the share prices of two pandemic-era highfliers gained ground. Coinbase and Robinhood up? In this economy? Yes. Of the out-of-fashion tech sectors, consumer trading has to be among the most out of […]
Binance’s CEO and founder, Changpeng Zhao, made headlines outside his typical wheelhouse of web3 as an investor in Elon Musk’s Twitter buyout. Zhao, who put in $500 million, told an audience at Web Summit in Lisbon, Portugal this week that he would consider joining the social media company’s board if Musk asked him to do […]
Image Credits: ZebethMedia Welcome back to Chain Reaction. Last week on the podcast, we talked about Apple’s App Store tax and how it could hinder NFT adoption. This week, we dug up a few stories about bankruptcies brewing in the bitcoin mining sector and asked ourselves whether this could unfold in a similar way to […]
Crypto entities ranging from major exchanges to small projects are on the road to stateside regulation. Whether it comes through the Securities and Exchange Commission or the Commodity Futures Trading Commission, many actors in the space are looking for concrete future guidance on how to build compliant businesses in an emerging sector while navigating rules […]
Top crypto firms including Coinbase and Polygon are among the firms that have formed an industry body in India to promote dialogue between key stakeholders and drive awareness about web3, months after the largest local crypto advocacy group was disbanded. Members of the new industry body, named Bharat Web3 Association (BWA), include top local crypto […]
Web3 developer tooling startup Tenderly is getting into the node game with a new product it announced today called Web3 Gateway. The product will help web3 developers read, stream and analyze blockchain data, according to the company. The offering builds on the company’s observability stack, which it says indexes over nine billion transactions across more […]
In recent months, conversations around NFT creator royalties shifted as some platforms abandoned royalties for other alternatives. Not everyone is happy about it. “Every platform had royalties about a year ago,” Alex Salnikov, chief strategy officer and co-founder of NFT marketplace Rarible, said to ZebethMedia. Then half a year passed and some marketplaces stopped implementing […]
