VC Funding Into Web3 Start-Ups Down 82% Year-Over-Year: Crunchbase
According to data from Crunchbase, venture capital (VC) funding into Web3 start-ups tanked 82% year-over-year (YoY), declining from $9.1 billion in Q1 2022 to $1.7 billion in Q1 2023.
Ether Erases All Gains from Shanghai Rally as Bitcoin, Crypto Prices Fall
Ether (ETH) dropped to as low as $1,833 Friday afternoon, its lowest price since April 9, CoinDesk data shows.
U.S. SEC Cracks Down On Crypto Firm, Secures Historic $2.8 Mn Settlement
A lawsuit by the U.S. SEC that dates back to September of 2022 against a crypto firm, has finally ended in a settlement worth $2.8 million.
Ava Labs CEO Calls for Crypto Regulators Who Can Read and Audit Code
The blockchain and cryptocurrency space cannot consider itself mature until the day its regulators are able to read and audit code, Ava Labs CEO and founder Emin Gün Sirer told attendees of the annual Cornell Blockchain conference.
What Are Crypto Derivatives
With the rise of cryptocurrencies, derivatives have emerged as a popular tool for traders to manage risk and speculate on the price movements of digital assets.
Demystifying Web3: A Comprehensive Guide for Beginners
The internet has undergone numerous transformations since its inception. The rise of Web3, a decentralized and user-centric vision of the Internet, has garnered significant attention.
What is Crypto Proof of Reserves
A centralized exchange lets you use an account with the premise that, unlike the bank, they will not lend or use customer assets.
Banks, VCs, Pension Funds Once Crypto-Friendly Steering Away From Crypto
Banks, investment firms, and pension funds are becoming increasingly hesitant to invest in cryptocurrency due to the collapse of FTX, increased regulatory scrutiny, and a lack of clarity. US regulators, including the Federal Reserve, Treasury Department, and FDIC, closed three major crypto-friendly banks, triggering a banking crisis. The Metropolitan Commercial Bank has terminated most of its cryptocurrency-related services, and Canada's Ontario Teachers' Pension Plan has decided to move away from the crypto market after writing off a $95 million investment in FTX. Crypto exchanges such as Coinbase, Kraken, and Binance are seeking to move offshore amid regulatory crackdowns led by the US SEC, with some firms believing that Hong Kong can become a major crypto hub.
Crypto Firms Alleged to Have Faked Execs Using AI and Actors: Cali Regulator
On April 19 the California Department of Financial Protection and Innovation (DFPI) issued desist and refrain orders against five entities purporting to use AI to trade crypto assets including Harvest Keeper, Visque Capital, Coinbot, and QuantFund, along with Maxpread Technologies and its CEO Jan Gregory Cerato.
SEC Issues Bulletin Urging Advisers to Exercise Heightened Scrutiny on Risky Products, Including Crypto
The SEC had previously overlooked digital assets in its rules and guidance until last year.
