VC Roundup: Investors tap blockchain ecosystems to reach startups

Just two weeks after appearing in an ask me anything (AMA) with Celsius founder Alex Mashinsky, crypto Youtuber Ben Armstrong has announced he intends to file a class action lawsuit against the lending platform and its chief executive. Armstrong made legal threats via Twitter on June 15, and has since provided more detail in multiple…

The Justice Department joins CFTC and SEC probes into wild markets facilitated by Robinhood and other apps for retail traders. 2556 Total views 17 Total shares The Department of Justice is reportedly the latest to turn up the heat on last month's crazed markets.Citing unnamed sources, the Wall Street Journal reported on Thursday that the DoJ's fraud…

Some people think that permissioned distributed ledger technology can perform better than open blockchain because it is tweaked to address the issues of the latter. Such systems are also called “permissioned blockchain,” as if blockchain is a high-level concept and “permissioned” is one of its variants. But this statement is controversial and down below, you…

The nonfungible token venture, originally scheduled with a half-year road map, lasted a little under four months. 473 Total views 30 Total shares

Buterin has been both the golden child of crypto, and the recipient of some of the most trenchant criticism. For a bit of fun, he decided today was the day he wanted to dig some notable digs up and share them with his Twitter followers. 152 Total views 6 Total shares Ethereum co-founder Vitalik Buterin…

Bitcoin’s (BTC) strong recovery and march toward the psychological level at $50,000 has improved the overall sentiment in the crypto sector. That has boosted the total crypto market capitalization to over $1.9 trillion.Data from Glassnode shows a sharp increase in the dominance of Bitcoin transactions exceeding $1 million in the past few months. The on-chain…

Multichain has suspended its operations after an unexplained transfer of crypto assets worth millions of dollars took place on July 6. Stablecoin issuers Circle and Tether have frozen over $65 million in assets tied to the suspected exploit of cross-chain router protocol Multichain. The move follows unexplained large outflows from the Multichain MPC bridge on…

Kakao Corp, the major internet conglomerate and service provider for popular South Korean messaging app KakaoTalk, and a new stablecoin project, dubbed Terra, have signed a partnership agreement to develop the latter's blockchain-based payment system, local news outlet The Korea Times reported Nov. 14.The new partnership agreement is to apply the former's blockchain platform technology…

It's reported the U.S.-based crypto exchange is planning to quickly launch a derivatives exchange based in the island nation. 153 Total views 1 Total shares Own this piece of history Collect this article as an NFTUnited States-based cryptocurrency exchange Coinbase has received a license to operate in Bermuda and it's reportedly set to launch a…