Blockchain

Meta is pulling the plug on its crypto payments wallet, Novi

Three years after Facebook announced its ill-fated push into cryptocurrency, aka the Libra project, the tech giant has signalled another scaling back of its activity — announcing Friday that Nov

Despite crypto ban, China’s tech talent rides the global web3 wave

Despite China’s sweeping bans on cryptocurrencies, domestic web3 talent is quietly flourishing, with many venturing beyond the country’s border. From offering crypto derivative products to

Ring ring ring ring Solanaphone

Welcome back to Chain Reaction. Last week, we talked about the NFT community being down bad but still down to party. This week, we’re looking at the desperation of web3 startups for a post-Apple

Crypto mega hedge fund Three Arrows Capital reportedly files for bankruptcy in New York

Crypto hedge fund Three Arrows Capital (3AC) has filed for Chapter 15 bankruptcy in New York, according to a report in Bloomberg. The mega fund, founded by Credit Suisse traders Zhu Su and Kyle Davies

Valkyrie CEO says suing US SEC for a spot bitcoin ETF ‘isn’t likely to succeed’

Grayscale Investments responded to the SEC's rejection of its application for a bitcoin spot exchange-traded fund by filing a lawsuit against the agency. But not everyone is convinced that it’ll wor

FTX US deal with troubled crypto lender BlockFi floats acquisition with ‘up to’ $240M purchase price

Sam Bankman-Fried’s FTX is taking advantage of rampant instability in the crypto lending market to assert itself while propping up major institutions. The company’s U.S.-based arm has a de

OpenSea’s $13B valuation doesn’t make sense as NFT trading volumes plunge

The web3 faithful will note that the NFT market goes up and down, and as it is down today, it will go up again. That may be true, and it may even be correct soon. Today, however, it is not true.

China’s tech giants promise speculation-free NFTs

The future of non-fungible tokens is getting more clarity in China as the country’s tech giants come together to formulate standards for the nascent industry. The China Cultural Industry Associa

Crypto wants its own iPhone

Apple’s relative hostility to the desires of crypto developers hasn’t gone unnoticed, and as the industry buckles down for a bear market, some of its proponents are pushing forward plans t

As the NFT boom fades, major gaming companies slow their crypto plans

When there’s money to be made, feedback can, and often does, go unheard. Still, a few major gaming companies did backtrack on their plans to add NFTs to games. So what happened?

Binance taps TikTok’s mostly silent superstar Khaby Lame to explain how crypto works

Khaby Lame is quite literally on top of the world (if TikTok follower counts are the world). After attending his first VidCon and surpassing Charli D’Amelio as the most followed TikToker, the It

Facebook begins testing NFTs with select creators in the US

After debuting NFT support on Instagram in May, Meta has launched digital collectibles support on Facebook with select creators. A spokesperson for Meta told TechCrunch that the company has started a

OP Crypto raising $100M for ‘Fund of Funds’ to back fund managers

The typical fund consists of deploying capital into certain sectors or industries, but venture capital firm OP Crypto is taking their own twist on the term. OP Crypto is raising $100 million for its n

NFT giant OpenSea reports major email data breach

OpenSea, the popular NFT marketplace that hit a colossal $13 billion valuation in January, is warning users of email phishing after a data breach. A staff member at Customer.io, an email vendor contra

FTX says no active talks to buy Robinhood

SBF praises Robinhood, hints at possible partnerships

This crypto winter may be long, but builders remain bullish

Many of the top digital assets in the cryptocurrency market are down significantly, but some market participants are shrugging it off and focusing on the long game.

Battery giant Anker backs programmable robot maker Keyi

The promise of STEAM robots, which are billed to increase children’s interest in science, technology, engineering, arts and mathematics (STEAM), has been around for years. The market is teeming

Web3 artist Latashá on educating creators about crypto’s ebbs and flows

Despite all the controversy surrounding the crypto world, one obvious bright spot of blockchain technology has been its ability to support creators and artists in monetizing their work. Rapper and vis

Formerly rich NFT buyers party through the pain

Welcome back to Chain Reaction. Last week, we talked about infinite pessimism in the crypto markets. This week, we’re talking about parties and tattoos and booze and fun. If you want to get this

NFT summer in New York is in full swing amid crypto winter

The NFT NYC conference this week has brought hordes of web3 enthusiasts to Times Square in an extravagant celebration that stands out against the much-less-exuberant crypto market. There have been yac
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