The flagship crypto fund of a16z recorded a loss of 40% in the first half of 2022. Fund Manager Chris Dixon remains undeterred by the market downturn.  The VC firm has poured millions into multiple funding rounds in the crypto industry this month despite the crypto winter.  Dixon had stated earlier that the crypto bear market is “more appealing” for […]

The Saga smartphones will be available to users from Q1 2023  The smartphone includes crypto-friendly features such as Solana Pay and other leading built-in crypto wallets. Solana’s debut smartphone, Saga, is yet to be launched globally but has still managed to generate credible buzz in the cryptocurrency market.  The smartphone will include a unique set of crypto-friendly features, including built-in […]

Recently, Raj Dhamodharan, Executive Vice President of Blockchain / Digital Asset Products and Digital Partnerships at Mastercard, explained what his firm is doing to unlock crypto’s “potential to transform the financial system’s infrastructure”. In a blog post published on Wednesday (October 12), Dhamodharan gave examples of things that Mastercard is doing to “turn cryptocurrencies into an everyday way to pay”: crypto […]

The second largest stablecoin issuer, Circle, is expanding support for USDC across five leading blockchains  USDC will now be available on Arbitrum One, Near, Polkadot, Optimism, and Cosmos  In addition, the firm has also launched the Cross Chain Transfer Protocol to facilitate smooth interoperability for USDC across all chains. USDC will now be available on five additional blockchains, as per […]

TL;DR According to a U.S judge, the stock trading platform Robinhood Markets Inc should face market manipulation claims. This lawsuit was one of many brought against the platform after it temporarily barred customers from purchasing stocks back in Jan 2021, such as GameStop and AMC. Robinhood prices surged in May after the CEO of FTX SBF announced that he had […]

Summary: Gemini exchange has allegedly laid off 7% of its staff, with potentially more on the way. The crypto exchange is laying off staff due to ‘extreme cost-cutting.’ This marks the second round of lay-offs after Gemini reduced its workforce by 10% in early June. The Gemini crypto exchange founded by the Winklevoss brothers has reportedly laid off 68 members […]

Thanks to two generous donations, the University of Cincinnati (UC) is launching “a pair of programs focused on cryptocurrency and new financial technologies.” An article by UC News published on June 22 says gifts from longtime supporters Dan Kautz and Woodrow Uible means the university will “create an educational program with the Carl H. Lindner College of Business for UC students and […]

Brooks Entwistle, SVP of Global Customer Success and the Managing Director for APAC & MENA at Ripple, talked about “crypto winter” on day two of the week-long 2022 Aspen Ideas Festival (AIF) being held in Aspen, Colorado. Before joining Ripple in March 2021, Entwistle “served as Chief Business Officer International for Uber, responsible for business development and the firm’s relationships […]

Summary: UFC has agreed to onboard the protocol as its official Layer 1 blockchain partner. The deal is valid for five years. VeChain will receive exposure to a massive mainstream audience through UFC’s platforms. Benefits for UFC fighters and athletes are also included in the package agreed on between both entities. According to an official announcement released on Thursday, layer […]