Tim Draper Backs Bitcoin Lending Protocol Zest in $3.5 Million Seed Funding
Draper Associates, the venture capital firm established by renowned investor Tim Draper, has led a $3.5 million seed funding round for Zest Protocol. This innovative protocol operates on the Stacks blockchain, which is designed to bring smart contracts…
Hacker gives back phishing victim’s crypto valued at $71 million
This was nearly the case for a crypto whale who, on May 3, 2024, fell victim to a sophisticated phishing attack, resulting in the loss of 1,155 Wrapped Bitcoin (WBTC), valued at a staggering $71 million. The incident serves as a stark reminder of the…
Franklin Templeton acknowledges Base Network in Success with Friend.Tech
Franklin Templeton, a powerhouse asset manager overseeing trillions in assets, has recently turned its attention to the burgeoning field of Social Finance (SocialFi). In a groundbreaking report, Franklin Templeton highlights Base, an Ethereum…
Ethereum Co-Founder Joe Lubin Criticizes SEC for Spreading ‘FUD’
Recently, Ethereum co-founder Joe Lubin voiced his concerns over the U.S. Securities and Exchange Commission’s (SEC) approach towards the crypto industry, which he believes is designed to instill “fear, uncertainty, and doubt” (FUD).…
Floki Inu to be Title Sponsor for Ireland v Pakistan T20I Series
In a groundbreaking move, the cryptocurrency ecosystem Floki Inu has been announced as the title sponsor for the upcoming “Ireland v Pakistan T20I Series”. This three-match cricket series promises to be a thrilling contest between two…
Standard Chartered: Digital Assets May Benefit from a Trump Victory
Standard Chartered, a global banking institution, has reiterated its stance on digital assets in light of the U.S. presidential elections. The bank suggests that a Trump victory could have implications for the crypto market, particularly…
SEC Warns Robinhood That Its Crypto Business Faces Lawsuit
Robinhood Markets Inc., the popular stock trading app, has recently received a Wells notice from the US Securities and Exchange Commission (SEC). The notice indicates that the SEC is preparing for a potential enforcement action against Robinhood’s crypto…
Tectum Introduces Instant Fiat Gift Cards for TET Holders
Tectum recently partnered with DeFi Nation to bring an exciting new feature to its community: instant fiat gift cards. TET token holders can now seamlessly convert their digital assets into real-world spending power within minutes. What is Tectum? Tectum…
Coinbase’s Remarkable Q1 Performance: A Leap Beyond 2023
In an extraordinary start to the year, Coinbase has reported a net income of $1.2 billion for the first quarter of 2024, a figure that not only signifies a robust rebound but also eclipses the company’s total earnings for the entire previous year. A…
The FBI is looking into Jack Dorsey’s Block for terrorist transactions and breaking sanctions
Federal prosecutors are currently investigating financial transactions at Block, Inc., the parent company of the widely-used Cash App and Square payment platforms. The inquiry follows allegations of significant and prolonged compliance failures within…