Haun Ventures leads Sovereign Labs’ $7.4M seed round to help scale blockchains
Sovereign Labs has raised $7.4 million in seed funding led by Haun Ventures to scale blockchains through ZK-rollups.
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crypto ecosystem
Injective launches $150M ecosystem fund to accelerate interoperable infra and DeFi adoption
Injective, a layer-1 blockchain focused on building financial applications, has launched a $150 million fund ecosystem initiative, the platform’s CEO and co-founder, Eric Chen, told TechCrunch. “We’ve seen a lot of ecosystem funds in the past do various things, but there isn’t really an established ecosystem fund for Injective and Cosmos as a whole,” Chen […]
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Crypto recruiters see opportunity to snatch up talent amid Big Tech layoffs
Major crypto companies have laid off employees, which is giving startups the opportunity to snatch up new talent.
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DCG’s crypto lending subsidiary Genesis files for Chapter 11 bankruptcy
Genesis Global Trading, a subsidiary of the crypto conglomerate Digital Currency Group (DCG), filed for Chapter 11 bankruptcy in the Southern District of New York (SDNY) court late Thursday night. Genesis Global Holdco and two of its lending business subsidiaries Genesis Global Capital and Genesis Asia Pacific filed voluntary petitions under the bankruptcy code for […]
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Delphia co-founder placed on leave after sexual assault allegations from former employee
Delphia, a mobile investment platform, is facing a lawsuit and allegations that its co-founder and CTO Cameron Agius-Westland sexually assaulted and harassed a former employee, according to a complaint filed on Monday and shared exclusively with TechCrunch. The complaint alleges that on August 17, 2022, Westland “sexually assaulted and harassed Plaintiff for at least 30 […]
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Web3 developer activity spiked in Q4 2022 despite market volatility
Web3 developer activity still grew in the last quarter of 2022, according to a new report, despite crypto market volatility.
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Crypto in for a ‘choppy year’ of slow capital deployment, investors say
Crypto investors are trying to put 2022’s chaotic market behind them and look forward to the future, even as market sentiment remains sour.
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The Easy Company raised $14.2M to build an easy-to-use ‘social’ crypto wallet
The Easy Company has raised $14.2 million in a seed round and launched its “social” crypto wallet to help onboard more mainstream audiences, it shared exclusively with TechCrunch. Easy aims to combine user-curated profiles with engaging social features so that people can search, navigate and discover the world of web3 on their own. Today, its […]
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Crypto losses in 2022 dropped 51% year on year to $4B
Immunefi’s Crypto Losses 2022 report found over $3.9 billion was ‘lost’ last year down 51.2% from 2021, when over $8 billion was stolen.
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Solana price spikes as newly launched dog coin BONK gains community hype
Last week, Solana (SOL) fell to its lowest level since February 2021. But its price has risen over 12% in the past 24 hours on Tuesday after almost nine days of consecutive losses that brought its price to around $8 on Friday. Amid Solana’s movement, the two largest cryptocurrencies by market cap, bitcoin and ether, […]
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