Handshake Revealed: VCs Back Plan to Give Away $100 Million in Crypto

news Crypto lending startup BlockFi has gathered another $18 million of bitcoin and ether deposits since last month, bringing its total interest-earning accounts to $53 million. The company also lowered its minimum balance to earn interest on bitcoin from 1 BTC to 0.5 BTC and expanded its operations to India, meaning its service is now available…

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The estate for bankrupt crypto exchange FTX wants to sell its shares of artificial intelligence (AI) startup Anthropic, court filings from Friday show.A motion seeking a court order approving proposed sale procedures for the stake says Sam Bankman-Fried’s FTX estate owns around 7.84% of Anthropic as of January 2024. FTX and sister investment firm Alameda

NEWS Oct 30, 2018 at 18:32 UTC Bank of America was awarded a patent for a device that stores cryptographic keys on Tuesday, and the document's details hint at applications for cryptocurrencies. In a patent awarded Tuesday by the U.S. Patent and Trademark Office, the bank outlines a "hardened storage device" for storing private keys…

Blockchain-focused venture capital (VC) firm Polychain Capital has raised around $200 million in an initial close for its fourth crypto venture capital fund, Fortune reported citing a person familiar with the matter.Fortune said that Polychain still plans to raise $400 million in total for the fund, which matches the targeted amount in an April filing…

news Messaging app LINE has officially launched a cryptocurrency exchange service for its 80 million users based in Japan, days after the platform received final regulatory approval. The Shinjuku-based messaging provider, which is 73.36-percent owned by South Korea’s Naver, said in a statement on Tuesday that the new exchange, dubbed Bitmax, is now live with trading…

Michael J. Casey is CoinDesk's Chief Content Officer. When they look at non-fungible tokens, non-crypto “normies” in the mainstream tend to focus on the mind-blowing prices that have been paid for digital art and the fanaticism around avatar communities such as the $542 million in sales of Bored Ape Yacht Club NFTs. They wonder what…

Bloomberg analyst James Seyffart believes a spot ether exchange-traded fund won't get approved in May.Seyffart and his colleague had previously seen a 35% chance that one or more of the issuers will receive a green light.Odds that spot ether ETFs will get approved in May have gotten slimmer, according to a Bloomberg ETF analyst who

ARK sold $34.3 million worth of shares from three different funds, according to an emailed daily trading report.Coinbase has advanced 19% since the firm's previous sale and is due to report earnings after the market close.ARK Invest, the Cathie Wood-run investment vehicle, sold Coinbase (COIN) stock for the first time in a month on Wednesday