Industry
Crypto VC funding hits 2-year low, U.S. firms remain favorites: Galaxy Research
Venture capitalist investment in cryptocurrency companies continued to decline in the first quarter of 2023, according to a new report and despite the current turmoil over cryptocurrency regulation in the U.S.Barry StidhamIrreplaceable, my friend: Bruce Lee enters Web3
Bruce Lee Estate has partnered with NFT-powered video platform Shibuya to release a series of NFTs commemorating the late kung fu fighter and movie star Bruce Lee.Craig GreenSEC Argues Recent Court Cases Undercut Ripple Labs' Fair Notice Defense
A recent court decision further weakens an important defense made by technology company Ripple Labs in its ongoing legal battle with the U.S.Martha GrizzardWeb3 economy gains traction in Africa with DeFi-based financial inclusion
Web3 in Africa started with cryptocurrencies, and blockchain technology has brought about a lot of transformations in terms of transparency and people’s control over their finances.Hallie GillUniswap Funds DAO Incentivized Improvement Project
Financial modeling platform Gauntlet has received funding from the Uniswap Foundation to improve DAO incentives, according to a Gauntlet announcement.James DeanCore Scientific Debtors File for Bankruptcy Court Approval of New President
The debtors behind bankrupt cryptocurrency mining firm Core Scientific have filed a motion seeking approval to hire a permanent president.Barry StidhamCircle and BlockFi Questioned by Warren and AOC over Banking with SVB
Executives from stablecoin issuer Circle and bankrupt cryptocurrency lender BlockFi have been questioned by two members of Congress who are investigating alleged "mutually beneficial arrangements" allegedly with the now-defunct Silicon Valley bank.Craig GreenCoinbase wins $470,000 in insider trading case
The brother of a former Coinbase employee has agreed to pay the cryptocurrency exchange nearly $470,000 for his role in an insider trading scheme.Christopher SmithPush to ban ransomware payments after Australia's biggest cyber attack
The Australian government has been forced to ban online ransom payments, often requiring payment in cryptocurrency, after a local business suffered a massive data breach and subsequent ransom demands.Cornell RachelHong Kong Virtual Bank Offers Crypto Conversions and Accounts
According to reports, ZA Bank, the largest virtual bank in Hong Kong by assets, will provide encrypted account services and facilitate the exchange of cryptocurrencies and fiat currencies.Martha GrizzardRen Protocol transfers all assets to FTX debtor's wallet in case of closure
Ren Protocol, a cross-chain bridging platform, announced that FTX, Alameda Research and other affiliates acquiring the platform in 2022 have authorized and directed the platform to transfer all of its crypto assets to the wallets of FTX debtors.Wayne IngramElon Musk reportedly bought thousands of GPUs for Twitter AI project
Elon Musk, CEO of SpaceX, Tesla and, by October 2022, Twitter, recently made headlines for spearheading a letter calling for a halt to the development of artificial intelligence (AI) due to societal concerns.Hallie GillOpenAI launches bug bounty program to combat system bugs
Amid privacy and cybersecurity concerns and recent bans in various countries, artificial intelligence (AI) company OpenAI has released a plan to address vulnerabilities.Jerry McNeillChainalysis and Calgary Police Launch Cryptocurrency Investigative Center
Dubbed the Western Canada Cryptocurrency Investigative Center, a joint task force comprising investigators from the Calgary Police Department and analysts from blockchain data firm Chainalysis officially launched on April 12.Sherry CantwellFirst mover in Asia: Ether climbs past $2,100 to further fuel surge after Ethereum Shanghai upgrade
Bitcoin also continued on a more modest trajectory, slowly approaching $31,000. Plus: CoinDesk columnist considers Shapella's immediate and potential long-term implications.Jerry McNeillThings to Know About the Ethereum Shanghai Upgrade
Cryptocurrency watchers have turned their attention to ethereum this week as the currency undergoes an upgrade that some believe could negatively impact the coin's price, at least in the short term.Sherry CantwellBankrupt digital asset exchange FTX reportedly repossesses over $7B in crypto assets
Bankrupt digital currency exchange FTX has reportedly recovered more than $7.3 billion in cash and liquid digital assets. This represents an apparent increase of over $800 million since January 2023.James DeanG20 Countries Aim to Develop Global Framework to Address Crypto-Related Risks
The G20, an intergovernmental forum of 19 countries and the European Union, plans to develop a common framework to help all countries address the risks associated with investing in cryptocurrencies.Craig GreenChinese authorities impose security review on artificial intelligence services
Governments around the world are faced with how to respond to the rapid rise of artificial intelligence (AI).Christopher SmithTech giant Alibaba launches ChatGPT rival AI
The Chinese e-commerce giant has entered the global artificial intelligence (AI) race with its own version of a chatbot assistant. Alibaba announced the launch of a ChatGPT-like product in the "near future."Cornell Rachel
