Crypto firm’s CEO resigns after being robbed of company funds at gunpoint
Revelo Intel’s now-former CEO Nick Drakon believes the robbery may have been an inside job and is working with local authorities on the matter.
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VC firm Konvoy launches new $150M fund, eyes blockchain-based games
Gaming venture capital firm Konvoy launches new $150 million fund, with a portion set to be invested in cryptocurrency and blockchain-based games. 264 Total views 31 Total shares Venture capital firm Konvoy Ventures is set to fork out at least $30 million to back various cryptocurrency and blockchain-based games.The American firm announced the launch of…

Ethereum supply surpasses 120M ETH as staking, restaking surge
Despite Ethereum’s inflationary trend, staking and restaking gains momentum, boosting network security and rewards.

Bitcoin Mining Firm Layer1 Accused of Copyright Infringement
Layer1 — a Bitcoin mining firm backed by PayPal co-founder Peter Thiel — was accused of copyright infringement. 388 Total views 1 Total shares United States-based cloud computing company Lancium LLC has filed a lawsuit against Bitcoin (BTC) mining firm Layer1 for patent infringement in the Western District Court of Texas.According to a complaint filed…

Ripple CEO Brad Garlinghouse: ‘The SEC created this mess’
Brad Garlinghouse has lashed out at the SEC for its "absurd" comments on the Ripple Labs case. 472 Total views 2 Total shares Ripple CEO Brad Garlinghouse has condemned the United States securities regulator over recent comments from its lawyers that hint at a possible appeal to its case against Ripple.In a July 23 tweet,…

Bitcoin price metrics point to more upside despite $92K acting as resistance
Data hints that new all-time highs are on the way, even if Bitcoin struggles to gain above $92,000.

Coinbase begins $150M debt buyback at 36% discount
The cryptocurrency exchange's 2031 Senior Notes, which have a coupon rate of 3.625%, have $1 billion in outstanding principal. 131 Total views 2 Total shares Cryptocurrency exchange Coinbase will begin buying back up to $150 million of its 2031 Senior Notes for 64.5 cents on the dollar, or a discount of 35.5%.According to the Aug.…

BitMEX CEO Arthur Hayes Reveals Plans to Open Crypto Options Platform
Arthur Hayes, co-founder and CEO of major crypto derivatives exchange BitMEX, has revealed that the firm is hoping to open a cryptocurrency options platform in the medium term. Hayes made his remarks during an interview on the Venture Coinist podcast on April 12.Hayes — a former equities trader for Citigroup — indicated a rough timeline…

Iota Lays Out Plan to Re-Enable Network After 20 Days Offline
For over two weeks now, the Iota network has been down, with MIOTA token-holders being unable to facilitate any transactions since Feb. 12. This is because a hacker was able to make off with over $2 million from Iota’s native Trinity wallet, causing the project to lose around 40% of its value — which has…