Indian crypto entrepreneur’s blockchain venture seeks seed funding at $200 million valuation

Thirdweb raises $24M at a $160M valuation from Haun Ventures, Shopify and Coinbase for its Web3 development kit

There’s been a lot of hype about “Web3”, but the reality is that it’s still a largely nascent and fragmented concept, and that has led to Web3 startups building platforms to engage with it more easily getting a lot of attention. In the latest development, a startup called thirdweb — which has created a development […]

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Why Twitter anons are sending crypto to celebrities

Why Twitter anons are sending crypto to celebrities

Welcome back to Chain Reaction. Last week, we talked about a hack that gave new, ironic meaning to the word “trustless.” This week, we’ll get into one of the most polarizing aspects of crypto — privacy. If someone forwarded you this message, you can subscribe on TechCrunch’s newsletter page. all mixed up A weekly window […]

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Former Palantir engineers raise $20M to simplify web3 tooling

Former Palantir engineers raise $20M to simplify web3 tooling

Kurtosis, a crypto-focused developer tool system, has raised $20 million in a Series A round led by tech-focused hedge fund Coatue. Investors in the round include Coinbase Ventures, the Chainsmokers’ Mantis VC and angel investor Olivier Pomel, who is the CEO and founder of Datadog, among others. The round comes about one year after its […]

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Solana’s speedy approach to crypto is attracting developers, despite hiccups

Hackers abuse ‘chaotic’ Nomad exploit to drain almost $200M in crypto

Cross-chain messaging protocol Nomad has become the target of crypto’s latest nine-figure attack after hackers abused a “chaotic” security exploit to steal almost $200 million in digital assets. Nomad, a token bridge that allows users to send and receive tokens between Avalanche (AVAX), Ethereum (ETH), Evmos (EVMOS), Moonbeam (GLMR) and Milkomeda C1 blockchains, was attacked […]

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This niche cryptographic technique could transform privacy in web3

This niche cryptographic technique could transform privacy in web3

Privacy is a core concern in crypto. Once you know a crypto wallet address corresponds to a certain individual, you can track all the transactions that individual has made through their wallet on any public blockchain, including Bitcoin and Ethereum. Some cryptographers think the solution to crypto’s privacy concerns lies in zero-knowledge proofs (ZKPs), a […]

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