The anonymous group of crypto developers is promoting the use of a decentralized autonomous organization to govern an alternative version of the internet.
Sam Bourgi
Sam Bourgi is a business editor at Cointelegraph, where he brings a decade of experience in economic analysis and financial market writing. Past roles included think tanks, boutique research firms and the wild world of freelance crypto. His passions include Bitcoin, Austrian economics and writing. Also heavy music and strong coffee.
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Anonymous DAO tomi raises $40M for 'surveillance-free' internet - News
USDC depeg will hinder stablecoins’ growth, increase regulatory scrutiny — Moody’s “Financial institutions may reconsider adopting stablecoins to settle agreements involving tokenized securities out of concern over the coins’ potential volatility,” Moody’s said.
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Crypto Biz: SVB collapses, USDC depegs, Bitcoin still up Turmoil in traditional finance spilled over into Bitcoin and crypto markets, forcing federal regulators to step in.
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Betting on turmoil: Deribit launches Bitcoin volatility futures Volatility products are popular with traditional investors, as they enable portfolio hedging, risk management and speculation.
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Crypto investment products see largest outflows on record amid SVB collapse Fear and trepidation spread across the crypto market last week following the high-profile collapses of Silvergate Bank and Silicon Valley Bank.
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Crypto Biz: Silvergate shutting down, Alameda suing Grayscale Negative headlines surrounding Silvergate dragged Bitcoin's price below $20,000. Meanwhile, bankrupt Alameda is planning to sue Grayscale and its parent company DCG.
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Silicon Valley Bank shut down by California regulator The FDIC stated that as the receiver, it had immediately transferred all insured deposits of Silicon Valley Bank to the newly created Deposit Insurance National Bank of Santa Clara (DINB).
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Coinbase launches wallet-as-a-service for businesses The adoption of Web3 wallets is hindered by complex seed phrases and a poor user experience, according to Coinbase.
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Web3 app Kresus raises $25M to bridge consumers to blockchain Kresus’ SuperApp aims to bridge more everyday consumers to digital goods, NFTs and other Web3 products and services.
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Crypto Biz: Did crypto winter scare off Visa and Mastercard? Visa's head of crypto has pushed back against the notion that the credit card giant is getting cold feet because of the bear market.
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Coinbase CEO reiterates that ‘staking’ products aren’t securities The SEC is broadening its investigation into crypto exchanges and has targeted staking products for potential securities violations.
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Bitcoin-friendly Cash App integrates TaxBit amid tax-filing season Bitcoin evangelist Jack Dorsey’s Cash App is making it easier for BTC holders to calculate their taxes with the TaxBit integration.
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Crypto Biz: Coinbase has a lot at stake Coinbase says its staking product offerings are different than Kraken's, which came under SEC scrutiny and resulted in a $30 million fine.
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FDIC-insured Citizens Trust Bank to hold $65M in USDC reserves The Atlanta, Georgia-based bank joined the Federal Reserve System in 1947 and is classified as a minority-owned depository institution.
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Crypto Biz: Celsius, FTX feel investors’ wrath as lawsuits multiply Celsius creditors have filed a proposal to sue Alex Mashinsky, while creditors of FTX are turning their attention to the exchange's venture backers.
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Tether taps Cantor Fitzgerald to help oversee bond portfolio: Report The USDT issuer has made inroads into the traditional finance and accounting sectors as it attempts to increase transparency around its holdings.
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Crypto Biz: FTX clawbacks, Genesis silver lining? As FTX seeks clawbacks on political donations, Digital Currency Group and its bankrupt subsidiary, Genesis, have reached a restructuring agreement.
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Bitfarms settles outstanding loan with BlockFi for $7.75M The Toronto-based Bitcoin mining company has reduced its debt by nearly 85% since June 2022.
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DeFi securitization of real-world assets poses credit risks, opportunities: S&P Decentralized finance protocols could attract institutional interest if they get securitization right, according to S&P Global Ratings.
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VC Roundup: ZK proofs, DeFi protocol and longevity DAO attract investment Venture capital deals slowed in the second half of 2022 amid the bear market. However, behind the scenes, blockchain startups continue to build.
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Value of WisdomTree’s crypto holdings fell 61.9% in Q4 According to recent financial statements, the fund manager’s crypto portfolio has booked a loss in three of the past four quarters.
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Crypto Biz: A peek into BlockFi’s secret financials (it’s not pretty) How much exposure does BlockFi have to Sam Bankman-Fried failed enterprises? A lot, according to accidentally leaked financials.
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Crypto-friendly Stripe weighs public offering: Report In 2021, Stripe raised $600 million from a group of investors at a valuation of $95 billion, making it one of Silicon Valley's most valuable startups.
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Injective launches $150M ecosystem fund to boost DeFi, Cosmos adoption “DeFi has proven to be a resilient and reliable option for users in the face of the overarching CeFi collapse in 2022,” said Eric Chen, CEO of Injective Labs.
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Blockstream raises $125M to finance expanded Bitcoin mining operations Bitcoin miners came under significant pressure during the bear market; however, Blockstream said institutional hosting customers were more “resilient.”
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Blockchain developer QuickNode raises $60M at $800M valuation Like other blockchain developers, QuickNode is pivoting sharply into Web3 — a sector that has attracted keen venture capital interest.
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Crypto Biz: SBF’s newest Excel spreadsheet reveals all FTX's debtors are applying "Herculean" effort to unearth the exchange's remaining assets. Meanwhile, Sam Bankman-Fried claims FTX US is solvent.
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Former FTX US president raises $5M for new crypto software firm Brett Harrison departed FTX US roughly two months before FTX Group filed for bankruptcy, citing "cracks" in his relationship with SBF.
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Bitcoin miner CleanSpark expands operations in Georgia Some BTC miners have declared bankruptcy or sought financial aid to stay afloat. Others are finding unique ways to grow amid the bear market.
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SSV launches $50M ecosystem fund to support ETH staking tech Vitalik Buterin identified distributed validator technology, or DVT, as a key component of Ethereum’s decentralization efforts.