VC Roundup: Web3 funding hits $5.4B in 2024

The Australian Securities Exchange (ASX) has announced that it will delay its transition to  use blockchain for equity transactions by six months, the Sydney Morning Herald reports September 4.As Cointelegraph has previously reported, the ASX has been working to implement blockchain as of December 2017 to replace its current system for processing equity transactions.According to…

Bitcoin (BTC) is witnessing a tough tussle near the $58,000 mark but that has not stopped select altcoins from hitting a new all-time high. This shows that traders are watching the fundamental developments on individual coins.One of the recent top performing major altcoins has been Avalanche (AVAX), which has soared more than 120% in November.…

What is California’s crypto scam tracker tool? On Feb. 16, 2023, the Department of Financial Protection and Innovation (DFPI) in California launched the crypto scam tracker tool to help residents spot and avoid crypto scams. The tracker details crypto scams identified through a review of complaints submitted by the public. California’s DFPI crypto scam tracker

"Everyone’s making so much money — can you please explain what’s an NFT?" asked Pete Davidson's Eminem. 876 Total views 8 Total shares The craze behind non-fungible tokens, or NFTs, has seemingly reached peak parody after NBC's famed Saturday Night Live sketch comedy featured it in a skit with United States Treasury Secretary “Janet Yellen."In…

Participants piled $7 million into a dutch auction to win one of 50 Golden Tokens granting ownership to unminted NFTs from artist Tyler Hobbs. 581 Total views 4 Total shares Nonfungible token (NFT) investors have poured $7 million into a dutch auction that sold 50 tokens conferring ownership over digital artworks that will not be…

Despite seeing falling trading volumes, Coinbase said they were “pleased” with how the quarter played out. 909 Total views 12 Total shares Cryptocurrency exchange Coinbase narrowed its net loss to $2 million in the third quarter, as inotched a year-on-year increase in revenue despite lower trading volumes. The firm’s net loss in Q3 was trimmed

The platform’s treasury was drained of over $100 million worth of cryptocurrency after an attacker manipulated price data of its native token to take out loans against their holdings. 84 Total views 1 Total shares

The South Korean government has announced a 20% tax rate for income generated from cryptocurrency trading.Following a Tax Development Review Committee meeting on July 22, the Ministry of Economy and Finance published its revised tax code detailing the new rules. In a section headed, “Taxation on Virtual Asset Transaction Income,” the ministry introduced the new rules…