Crypto VC Firm Polychain Capital Raises $200M for Fourth Fund: Fortune
he crypto-focused firm has also cut three members of its research and development staff.
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Deadlines for U.S. Spot Bitcoin ETF Approvals Come Into Sight
The clock for the SEC approval process of spot bitcoin exchange-traded fund (ETF) applications will begin Wednesday after all eight applicants, including BlackRock, were listed in the Federal Register.
Messaging Platform Telegram Has Issued $270M in Bonds to Fund Growth
“I personally bought about a quarter of the new Telegram bonds,” said Pavel Durov, the CEO of the popular but not-yet-profitable platform.
Celo Proposes to Ditch Own Standalone Blockchain for Layer-2 Network on Ethereum
The development team behind the independent Celo blockchain says benefits could accrue from transitioning to the Ethereum ecosystem, in terms of greater liquidity, improved security and more compatibility.
SEC’s Gensler Says AI Could Play Big Role in Future Financial Crises
Artificial intelligence “may heighten financial fragility as it could promote herding,” the regulator said in a speech
Ron DeSantis Promises to Ban CBDCs if Elected President
DeSantis in March signed a bill as Florida’s governor to prohibit the use of CBDC’s within his state.
Binance Slashes Worker Benefits as Profit Falls: WSJ
Binance has stopped offering certain benefits to its employees on June 19 as the company’s profits continue to decline, according to former employees and internal company messages viewed by the Wall Street Journal.
BlockFi Bet Big on FTX and Alameda Even After Seeing Infamous Balance Sheet, Creditors Say
The crypto lender saw “the exact same balance sheet” later published by CoinDesk but still put clients’ money in Sam Bankman-Fried’s companies, a scathing new report claims.
Hector Network Votes to Liquidate $16M Treasury Following Multichain, Fantom Losses
Hector Network’s HEC and TOR tokens, and its treasury, suffered major losses related to Multichain. The project is based on Fantom.