crypto

Security engineer jailed for 3 years for $12M crypto hacks

Shakeeb Ahmed, a cybersecurity engineer convicted of stealing around $12 million in crypto, was sentenced on Friday to three years in prison. In a press release, the U.S. Attorney for the Southern Dis

How Ukraine’s cyber police fights back against Russia’s hackers

On February 24, 2022, Russian forces invaded Ukraine. Since then, life in the country has changed for everyone. For the Ukrainian forces who had to defend their country, for the regular citizens who h

Nine crypto VCs on why Q1 investments were so hot and how it compares to previous bull market

If the 2023 crypto venture landscape was an ice-cold pot of water, the first quarter of 2024 is the part where the bubbles start to form right before water boils, Tom Schmidt, a partner at Dragonfly C

The AI world needs more data transparency and web3 startup Space and Time says it can help

As AI proliferates and things on the internet are easier to manipulate, there’s a need more than ever to make sure data and brands are verifiable, said Scott Dykstra, CTO and co-founder of Space and

SBF’s prison sentence marks the end of the crypto grift era — so what’s next?

Nearly everything else that's being built on or enabled by blockchains replaces something that's already being done fairly well.

Sam Bankman-Fried gets 25 years in prison for fraud and money laundering at FTX, ordered to pay $11B in forfeiture

Before sentencing, Bankman-Fried acknowledged in court that he made a "series of bad decisions," but argued they were not "selfish" ones.

SBF sentenced, Worldcoin hit with another ban order and big web3 pre-seed rounds are back

Welcome to TechCrunch Crypto, formerly known as Chain Reaction. This is the last edition of this newsletter. I want to personally thank each of you for reading this and if you would like to stay in to

0G Labs launches with whopping $35M pre-seed to build a modular AI blockchain

As the crypto space heats back up, so has funding for new startups. 0G Labs, a web3 infrastructure firm,” has raised $35 million in a pre-seed round, the team exclusively told TechCrunch. If $35 mil

A new web3 network is being built right now that wants to end Big Tech’s control of your data

Many of the people building web3 feel like the traditional web ecosystem has taken advantage of users and their data. While it benefits a number of businesses, data miners and even AI models, some see

Solana memecoin hype continues, Backpack’s beta phase was a success and Starbucks axes its NFT program

Welcome to TechCrunch Crypto. This week, Starbucks killed its Odyssey NFT program, Solana continued to see memecoin momentum and India faces more challenges with the crypto space.

Rails launches with $6.2M round for its decentralized FTX alternative

Rails, a decentralized crypto exchange, has raised $6.2 million in attempts to fill the void FTX left behind after crashing in 2022, the startup’s co-founder and CEO Satraj Bambra exclusively told T

Crypto exchange OKX ceases services in India; KuCoin becomes FIU compliant

Updated at 12.16am IST, March 23: KuCoin said it has become the first global crypto exchange to comply with India’s FIU. KuCoin said it will support local banks in India and other fiat entities

How crypto exchange Backpack climbed its way to success after its major investor FTX died

Backpack’s founders, who are building a crypto exchange and wallet, have experienced strong growth since launching in 2022. But the road wasn’t easy. FTX co-led Backpack’s $20 million strategic

Starbucks ditches its Odyssey NFT program

Starbucks launched Starbucks Odyssey in 2022 as its initial foray into the web3 world.

Blockchain tech could be the answer to uncovering deepfakes and validating content

Two months ago, media giant Fox Corp. partnered with Polygon Labs, the team behind the Ethereum-focused layer-2 blockchain, to tackle deepfake distrust. Fox and Polygon launched Verify, a protocol tha

Bitcoin hits new high, Solana price jumps as memecoins mania rises and Worldcoin faces heat in Spain

Welcome to TechCrunch Crypto, formerly known as Chain Reaction -- it was an eventful week in the crypto world.

Former web3 gaming founders raise $2.5M for their NFT marketplace to retain users even when there ‘isn’t money to be made’

Even though NFT sales volume is still down 88% from 2022 all-time highs (and down 38% year-to-date), Pallet Exchange is building a new type of NFT marketplace focused on user retention. And it’s doi

Solana’s price rises to $160, highest level since January 2022 as memecoin mania rises

The token behind Solana, a layer-1 blockchain that’s competitive with the Ethereum blockchain, has been through the wringer after it plummeted from a high of about $260 in late 2021 to a low aro

Bitcoin hits new all-time high of $72,700 but one index warns we’re in ‘extreme greed’ territory

The crypto scene continues to remain so hot that bitcoin is hitting one new high after another. It surpassed $72,700 on Monday. This was initially driven by the approval of spot bitcoin ETFs, but is n

NFT platform Zora is offering a novel way for AI model makers to earn money

Zora, an NFT-based social network platform, is continuing its expansion beyond the crypto-sphere into the hot artificial intelligence market, Dee Goens, the startups’ co-founder, said on Chain React
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