Cryptocurrency company Coinbase is announcing a handful of new features. While the company is better known for its exchange that lets you convert USD into various cryptocurrencies, Coinbase wants to expand its consumer services so that you use the platform for different use cases with more financial services. First, the company will soon launch direct […]
New Treasury sanctions take aim at blocking ransomware groups from cashing out
The U.S. Treasury is wading into the fight against ransomware by sanctioning virtual cryptocurrency exchange Suex for its role in facilitating ransomware payments. The sanctions are the first of its kind against a cryptocurrency exchange, and prohibit Americans from doing business with the company. It’s the latest action as part of a U.S. government-wide effort […]
Crypto asset management platform Cobo bags $40M Series B
Cobo, a Singapore-based crypto asset management platform, raised a $40 million Series B to accelerate the development of decentralized finance as a service (DFaaS). The round was co-led by DST Global, A&T Capital and IMO Ventures. The company will use its proceeds for the development of DeFi as a service (DFaaS) infrastructure and its existing […]
SEC Regional Director Erin Schneider talks SPACs, Coinbase and what startups could do better
Schneider shares insight into her personal thinking about a range of issues including crypto lending, SPACs, NFTs and what startups can do to stay out of regulators’ cross hairs.
Robinhood muscles deeper into Coinbase’s territory with new crypto wallet feature
The fervor around Dogecoin delivered big revenues for stock-trading app Robinhood, and the company announced Wednesday that it’s wandering deeper down the crypto rabbit hole, sharing that it will soon begin testing crypto wallets for its users. The crypto wallets, which Robinhood says it will begin rolling out next month over time to users on […]
AI luminary Kai-Fu Lee and sci-fi author Chen Qiufan predict the future in ‘AI 2041’
What will an AI-infused world look like in 20 years? Sinovation founder and AI thought leader Kai-Fu Lee and breakout sci-fi author Chen Qiufan (AKA Stanley Chen) make an educated guess in “AI 2041.”
“they were persuaded by the immediacy of suffering”
“Byzantine Empathy” is a novelette by Ken Liu about virtual reality, moral reasoning, atrocities, institutional philanthropy, geopolitics, and two very determined women at odds with each other. Content note: violence, including harm to children.
Sorare raises $680 million for its fantasy sports NFT game
French startup Sorare has announced that it has raised a significant funding round. SoftBank’s Vision Fund 2 has led a $680 million Series B round, which values the company at $4.3 billion. Sorare has built a fantasty football (soccer) platform based on NFTs, or non-fungible tokens. Each digital card is registered as a unique token […]
Following SEC lawsuit threat, Coinbase cancels launch of ‘Lend’ product
Coinbase efforts to play hardball with the Securities and Exchange Commission didn’t last too long. The cryptocurrency exchange had garnered the ire of the regulatory commission over its plans to launch a crypto lending product, with the SEC sending the company a Wells notice which indicated that the agency would sue Coinbase if they launched […]
For the love of the loot: Blockchain, the metaverse and gaming’s blind spot
The way NFTs are currently being discussed in relation to gaming are very much in danger of Killing the core gameplay loop via a financial fast track.