A 360° view on tech world
New York Attorney General Letitia James filed a lawsuit against Alex Mashinsky, co-founder and former CEO of Celsius Network, according to an announcement on Thursday. James alleged that Mashinsky defrauded “hundreds of thousands of investors…out of billions of dollars worth of cryptocurrency.” The lawsuit also claims that Mashinsky “repeatedly made false and misleading statements about […]
Read more
During the lull between last Christmas and New Year’s, New York State became one of the first in the country to enact a “right to repair” law — albeit with amended language that some advocates say make the law toothless. Called the Digital Fair Repair Act and set to go into effect on July 1, […]
Read more
The cost of cybercrime has been growing at an alarming rate of 15% per year, projected to reach $10.5 trillion by 2025. To cope with the challenges that this poses, organizations are turning to a growing range of AI-powered tools to supplement their existing security software and the work of their security teams. Today, a […]
Read more
Web3 doesn’t have the most inclusive reputation, yet so many crypto founders talk about onboarding the next 100 million users into the space. Statistically speaking, the next 100 million can’t possibly be comprised entirely of a homogenous group of white men who spend most of their waking hours coding and/or day trading (no shade, just […]
Read more
Welcome back to Chain Reaction. Last week, we looked at the near-term future for crypto gaming as VCs zero in on where to place consumer bets. This week, we’re looking at hardware wallets and the endless journey toward feeling safe in the crypto world. To get this in your inbox every Thursday, you can subscribe […]
Read more
We’ve seen a number of new web3-focused venture fund launches in the past month from large traditional VCs, including Lightspeed, as well as smaller, crypto-native firms such as Valkyrie. Although crypto startups have had a tougher time attracting capital, venture firms seem to be raking in money from investors, perhaps preparing themselves to scoop up […]
Read more
Didi, the Chinese ride-hailing behemoth that has undergone a year of regulatory overhaul, faces a fine of over 8 billion yuan ($1.28 billion) from the country’s authorities, The Wall Street Journal and Reuters reported. The company did not immediately respond to a request for comment. Along with the fine, the regulators will also allow Didi […]
Read more
Crypto asset manager Valkyrie, best known for launching one of the only U.S. SEC-approved bitcoin futures ETFs, is moving into a new asset class — venture capital. The firm hired investor Lluís Pedragosa in April and has been quietly preparing him to helm Valkyrie Ventures, its new VC arm announced today, as managing partner. Pedragosa, […]
Read more
Crypto owners tend to be more generous than other investors when donating to charity, research shows. Whether that’s because of their strong sense of community or because of the lucrative tax benefits of doing so is anyone’s guess, but nonetheless, savvy charities have taken note of the trend and sought to leverage it. That’s part […]
Read more
Crypto hedge fund Three Arrows Capital (3AC) has filed for Chapter 15 bankruptcy in New York, according to a report in Bloomberg. The mega fund, founded by Credit Suisse traders Zhu Su and Kyle Davies, at one time managed an estimated $10 billion in assets and was a linchpin among crypto finance players. Its insolvency […]
Read more