Tag Archives: AA News

The venture capital firm – Andreessen Horowitz – announced it will form a cryptocurrency research unit encompassing various talents from the space. The team’s main goal will be to solve important problems related to the emerging Web3 ecosystem. a16z’s Next Endeavor The leading VC firm – Andreessen Horowitz (known as “a16z”) – has been active on the digital asset scene for years now. In a recent blog post, it disclosed a new project in the field – a crypto research team that...

Blockpass, a digital identity verification provider partnering with various crypto wallets and exchanges, has started offering KYC services to Cardano’s commercial arm, EMURGO. Cardano-based addresses will be added to the Blockpass App, and projects can directly access on-chain KYC services, if needed, to comply with regulatory requirements. Positioned as the axis of the Cardano ecosystem, EMURGO is responsible for developing the community’s NFT marketplace Fibo, Yoroi...

CertiK – a Web 3 and blockchain security firm – has secured an additional $60 million investment from SoftBank Vision Fund 2 and Tiger Global. This follows the firm’s $2 billion valuation last month, after an $88 million round in which Tiger Global also took part. With the new funding, investments in CertiK over the past nine months have surpassed $290 million. It also marks SoftBank’s first investment into the web 3 security space. The Japanese investment manager has...

The French president has been known for his ambition of making the country a “startup nation” that is friendly to new technologies and appealing to talents and capital. When campaigning for his second bid for the presidency, Emmanuel Macron expressed his favorable opinions toward Web 3.0 and the Metaverse while maintaining that regulation led by public authorities is necessary for ensuring the sector’s long-term success. Proud of the made-in-France crypto unicorns like Ledger...

The National Bank of Ukraine issued a statement on Thursday clarifying that cryptocurrency purchases using the native currency are temporarily banned. This is part of a wider effort to keep capital within the country’s borders while martial law is in place. Preventing ‘Quasi-Cash’ Transactions As the statement explained, assets that are directly convertible for cash or considered ‘quasi cash’ transactions can now only be bought with foreign currencies, at a limit of 100,000...

Binance’s CEO reported earlier today that the company recovered nearly $6 million out of the $600 million stolen in the hack against the Ronin Network. These are among the first funds on the move since the exploit took place roughly a month ago. CZ took it to Twitter on April 22 to inform that the hacker group behind the largest DeFi exploit started to move some of the stolen funds. As part of it was transferred to Binance and was spread among 86 accounts, the exchange...

Singapore-headquartered cricket NFT platform Rario has bagged $120 million in funding led by Dream Capital. The Series A funding round also saw the participation of Alpha Wave Global. Founded in 2011, Rario’s existing investors include Animoca Brands, Presight Capital, and Kingsway Capital. “We are pleased to announce that we have raised $120M Series A Funding led by Dream Capital….,” Rario tweeted on Thursday, with a link to the Rario blog where the company had put out a...

Marielle Cohen-Branche – the French financial ombudsman – revealed that approximately 25% of suspected monetary frauds in France last year involved cryptocurrency investment schemes. This is a sharp increase from 2020 when the figures stood at 6%. Crypto Scams in France on the Rise The increasing popularity of the digital asset sector leads to its imminent employment in fraudulent activities. In a recent report, the French ombudsman – Marielle Cohen-Branche – disclosed that...

The National Basketball Association (NBA) revealed pausing minting of its new non-fungible token collection, dubbed – The Association – after a major loophole was detected by BlockSec. Less than a day after the league announced the minting of its Ethereum-based non-fungible token (NFT), it recognized the issues with the smart contract that triggered the “Allow List” supply to sell out prematurely. The Flaw Blockchain security firm, BlockSec revealed identifying a serious...

World-leading crypto exchange Binance has announced the hiring of former Financial Conduct Authority (FCA) and Financial Industry Regulatory Authority (FINRA) members to its team. The two are intended to help the exchange enhance its regulatory compliance with jurisdictions around the globe. According to a press release shared with CryptoPotato, Steven McWhirter (FCA) will join the company as Director of Regulatory Policy. His job will be to ensure Binance meets its...