Bfree, a Nigerian credit management fintech has embarked on global expansion after raising $1.7 million in a pre-Series A round, to tap the opportunities in emerging markets, where digital lending apps have recently sprung up in droves. Funds that participated in the latest round included 4Di Capital, Octerra Capital, VestedWorld, Voltron Capital, Logos Ventures, and […]
Crypto mayors on the rise
One mayor is certainly notable, and two mayors a pattern. But with more than three mayors on board the bitcoin bandwagon, it’s clearly a trend.
Really stupid “smart contract” bug let hackers steal $31 million in digital coin
Company says it has contacted the hacker in an attempt to recover the funds. Good luck.
Ben Rubin explains why the Web3 era of social media will help everybody get paid
After a decade of a handful of social media companies trading what are essentially publishing tools in exchange for serving us all an endless deluge of ads, the winds of change are finally blowing.
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 […]
Cryptocurrency launchpad hit by $3 million supply chain attack
SushiSwap’s MISO launchpad hacked via a malicious GitHub commit.
SEC wants to regulate Coinbase’s crypto yield product, Coinbase disagrees
Coinbase CEO Brian Armstrong has reacted strongly to the company’s current relationship with the U.S. Securities and Exchange Commission. According to him, the SEC is threatening to sue the cryptocurrency exchange if it launches its yield-generating product called Coinbase Lend. With this new product, Coinbase wants to compete with popular decentralized finance (DeFi) products, such […]