Bears abound, but none in sight at Denver’s crypto fest
Many entrepreneurs and investors believe the market downturn is constructive to the long-term health of the web3 space.
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Author: Rita Liao
Aspecta nabs $3.5M to build AI-vetted coder profiles
While LinkedIn is helpful for displaying people’s educational and professional achievements, there exists a world of self-taught tech talent whose skills are not so easily reflected on the networking site. Rather, their expertise is hidden in the lines of code they write. Aspecta is trying to fill that gap by providing an AI-powered profile builder […]
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Backed with $3M, Soul Wallet aims to bring self-hosted crypto wallets to the next billion
If you own a non-custodial crypto wallet like MetaMask, you know the headache of keeping your 16-word seed phrase safe. That’s the responsibility that comes with having full control over one’s digital assets. A third-party wallet, like one hosted by an exchange, on the other hand, stores private keys on users’ behalf and provides a […]
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KuCoin and Circle back Chinese yuan-pegged stablecoin in $10M round
Circle Ventures, the venture arm of the USDC issuer Circle, has invested in an offshore Chinese yuan-backed stablecoin project, CNHC. It’s hard to overlook the timing and strategic significance of the tie-up. In a matter of several years, stablecoins have grown from a fringe category into a more than $130 billion market. These digital coins […]
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Once scammed for ten grand, this VC is building a crypto security vault
One of the barriers to bringing cryptocurrency into the mainstream is the frequency of fraud in the space. Last year alone, over $3.9 billion worth of crypto was “lost”, according to an industry report, even though the number was already down roughly 50% from the year before. Francois Le Nguyen, an angel investor and former […]
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Founder of troubled crypto asset unicorn Babel launches new DeFi project, stablecoin
Flex Yang, the former CEO and founder of Babel Finance, is leading efforts to restructure the now embattled crypto asset unicorn while introducing a new decentralized project with hopes to avoid some of the flaws of his previous venture. In light of the downfall of centralized crypto services like FTX, Gemini and Babel itself, Yang […]
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Crypto-friendly bank Silvergate to wind down after FTX blow-up
Silvergate Capital Corporation, the holding company of crypto-focused Silvergate Bank, announced Wednesday its intent to wind down operations and voluntarily liquidate the banking unit. The move came days after Silvergate shocked the industry with news that it was facing a financial crisis. The institution, which was one of the few banks that acted as an […]
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Ant veteran turns to NFT verification for SXSW festival VIP feast
As funding into web3 projects cool down during the crypto winter, startups in the space are increasingly focused on building bridges for mass adoption and exploring revenue opportunities to stay afloat. The key to driving mass adoption? Offer experiences that are so seamless that users don’t realize blockchain is involved. One company that is demonstrating […]
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Tencent is finally joining the web3 wild west
China’s web3 community is rallying around the news of Tencent’s march into the decentralized land. On Wednesday, the social and gaming giant held its first global web3 summit in Singapore, which has emerged as a refuge for China’s blockchain developers after Beijing cracked down on cryptocurrencies in 2021. It’s hard to overlook the timing of […]
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Hong Kong shows desire to be crypto hub with new regulation
As the U.S. government continues to rein in the crypto industry with a spate of regulations, other places are emerging as new hubs for the virtual asset industry. On Monday, Hong Kong proposed rules that would let retail investors trade certain “large-cap tokens” on licensed exchanges, a stark contrast to mainland China across its border […]
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