decentralization
‘Selling Sunset’ star Christine Quinn’s brokerage debuts new crypto credit scoring platform
For fans of both reality television and web3 (hopefully that group includes more than just this reporter), Christine Quinn’s move to leave the Oppenheim Group and co-found a brokerage with…
Twitch founder Justin Kan: Web3 games don’t need to lure players with profit
Top crypto VCs are constantly touting the potential of video games as one of the most compelling use cases for blockchain technology. Andreessen Horowitz partner Arianna Simpson, for example, who…
Bitmain co-founder welcomes crypto regulation to restore market confidence
The collapse of Three Arrow Capital and the counterparties wrapped in the crypto hedge fund’s troubles have drawn questions about the soundness of the heady digital asset investment space. For…
Play now, pay later: Halliday bags $6M seed round led by a16z
Blockchain-based games have seen a surge in popularity, but playing them is getting expensive. Play-to-earn games like StepN require players to purchase an NFT before they can participate, while other…
Solana’s speedy approach to crypto is attracting developers, despite hiccups
Even though the market is shaky and Solana has had its share of problems, there’s still a pool of developers who want to build on Solana in this bear market…
Playstudios launches blockchain gaming division and $10M web3-focused fund
Playstudios, a publicly traded mobile gaming platform and developer, is venturing into the web3 world with a new blockchain division and investment fund. The gaming entity, which owns popular mobile…
Tiffany and Gucci’s dip into crypto is a balance of reputation and revenue
Are crypto integrations by household name brands and sports teams evidence of increasing use cases for digital assets and cryptocurrencies — or more of a marketing ploy?
Hackers abuse ‘chaotic’ Nomad exploit to drain almost $200M in crypto
Cross-chain messaging protocol Nomad has become the target of crypto’s latest nine-figure attack after hackers abused a “chaotic” security exploit to steal almost $200 million in digital assets. Nomad, a…
U.S. regulators are seizing their moment during this ongoing crypto bear market to crack down on bad actors in the space as many investors are already souring on the asset…
Welcome back to Chain Reaction. Last week, we looked at Musk holding onto doge. This week, we’re talking about where all of this crypto VC money is possibly gonna go.…
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Gaming vets promise to make blockchain games fun and sustainable
The runaway success of Axie Infinity and StepN has convinced a flurry of entrepreneurs that web3 gaming, where the ownership of in-game assets is in the hands of users via blockchain adoption rather than a centralized platform, is the future. Some of the biggest hits in the space to date reward users with tokens that…
Investors focus on DeFi as it remains resilient to crypto market volatility
As many subsectors in the crypto market continue to take heavy hits from recent volatility, some market players see DeFi as resilient and gaining interest despite the macroeconomic environment.
New York City’s Interplay is raising $10M for new blockchain fund
We’ve seen a number of new web3-focused venture fund launches in the past month from large traditional VCs, including Lightspeed, as well as smaller, crypto-native firms such as Valkyrie. Although…
Topl blockchain raises $15M to help track social impact initiatives
Blockchain ecosystem Topl has raised $15 million in a Series A funding round to help companies track and monetize social impact initiatives, the firm exclusively told TechCrunch. The raise was…
For founders looking to foray into the world of decentralization, it’s all too easy to become distracted from core business objectives by shiny new buzzwords.
Welcome back to Chain Reaction. Last week, we looked at a crossover episode for meme investing. This week, we’re talking about Musk dumping tokens while holding onto others. You can…
“Speculation of a broader crackdown on digital assets as an industry has been coming for years. The truth is, if the Feds wanted this industry regulated — it would be.”
Former ‘Bitcoin maximalist’ Dan Held sees a future in DeFi for the digital asset
As the crypto markets continue to tumble, a major industry player’s beliefs are also taking a turn as he shifts from being a “Bitcoin maximalist” to what he calls a…
The team behind Minecraft, one of the most popular games of all time, declared today that it won’t support NFTs. Gaming has been touted as a potential use case for…
Regulators should address crypto ‘garbage’ first, former SEC Chairman Clayton says
Stablecoins, CFTC oversight are among the first issues the U.S. Senate hopes to tackle in a bipartisan crypto bill.
FBI warns hackers are using fake crypto apps to defraud investors
The FBI has issued a public warning about fraudulent cryptocurrency investment apps after hackers posing as legitimate services stole tens of millions of dollars from U.S. investors. In an advisory published…
Crypto startups — fresh off a mind-boggling bull run — are preparing for the next phase of life where the mere mention of “NFT,” “DAO” or “DeFi” may not tempt…
As Netflix pivots, American attitudes shift to owning digital assets, not just streaming them
On a day when Netflix said it would launch an ad-supported service with Microsoft, it would appear the streaming world may, in fact, be poised to compete in popularity terms,…
After flagging concerns over the financial risks associated with non-fungible tokens, some of China’s authorities are putting forward guidance on how to best make use of the novel technology. The…
The US government is digging into NFTs’ impact on intellectual property
After NFTs exploded over the past year, the U.S. Patent and Trademark Office and Copyright Office are launching a joint study to investigate the digital assets’ impact on intellectual property…
Crypto-native venture capital firm Multicoin Capital announced a new fund, its third and largest to date at $430 million. “As evidenced by our first and second venture funds, some of…
Protagonist launches $100M fund to make early-stage crypto companies the main character
Protagonist, a fairly new crypto fund and incubation lab, has launched its first $100 million fund to focus on early-stage crypto companies. The firm began in the beginning of 2022…
Online donation platform Change helps charities fundraise in crypto
Crypto owners tend to be more generous than other investors when donating to charity, research shows. Whether that’s because of their strong sense of community or because of the lucrative…
Solana founder Anatoly Yakovenko discusses the crypto downturn at Disrupt
These are turbulent times for both crypto investors and projects alike. Over the past several months, Bitcoin and Ethereum have seen substantial declines in their token prices. But investors have…
Crypto hackers are increasingly phishing for new bait on social media
There was a significant rise in crypto-focused phishing attacks across social media sites in the second quarter, according to a new CertiK report.
