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 […]
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 […]
Fraud in UK at level where it ‘poses national security threat’
UK Finance says £754m stolen from bank customers in first half of 2021 as scammers capitalised on CovidCoronavirus – latest updatesSee all our coronavirus coverageFraud in the UK has risen to a level where it poses a “national security threat”, accordi…
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.
OpenSea admits incident as top exec is accused of trading NFTs on insider information
The “eBay of NFTs” is running into a scandal as it admits one of its employees traded the crypto digital assets using insider information from the platform. Yesterday, a top executive at NFT platform OpenSea was accused of front-running sales on the platform, purchasing pieces from NFT collections before they were featured on the homepage […]
The disastrous voyage of Satoshi, the world’s first cryptocurrency cruise ship
Last year, three cryptocurrency enthusiasts bought a cruise ship. They named it the Satoshi, and dreamed of starting a floating libertarian utopia. It didn’t work outOn the evening of 7 December 2010, in a hushed San Francisco auditorium, former Google…
CryptoPunks creator inks representation deal with major Hollywood talent agency
One of Hollywood’s biggest talent agencies is getting into the NFT game. Larva Labs, the creator of CryptoPunks, just signed with United Talent Agency (UTA) in a representation deal that will bring one of the earliest and most iconic NFT projects into the entertainment and branding worlds. “I would say that it is one of […]
Offchain Labs raises $120 million to hide Ethereum’s shortcomings with its Arbitrum product
As the broader crypto world enjoys a late summer surge in enthusiasm, more and more blockchain developers who have taken the plunge are bumping into the blaring scaling issues faced by decentralized apps on the Ethereum blockchain. The popular network has seen its popularity explode in the past year but its transaction volume has stayed […]
CryptoPunks blasts past $1 billion in lifetime sales as NFT speculation surges
Hello friends, and welcome back to Week in Review! Last week we dove into Bezos’s Blue Origin suing NASA. This week, I’m writing about the unlikely and triumphant resurgence of the NFT market. If you’re reading this on the TechCrunch site, you can get this in your inbox from the newsletter page, and follow my […]