Coinbase’s asset recovery tool just saved my bacon

Last year, Coinbase launched an asset recovery tool for people who really don’t understand how blockchain works, and think they can send CDAI coins to an Etherium wallet. I know that sounds like a pretty specific example, and I am able to make it because I am the numpty that made that mistake, several yearsContinue reading “Coinbase’s asset recovery tool just saved my bacon”

Addressable raises $7.5M to match crypto wallets to Twitter accounts. But how?

Marketo, which was developed – among other things.- to enhance marketing around social media users, ended up being acquired by Adobe. Now a new startup hopes to do what Marketo did in Web2, but this time in Web3. Addressable has a digital fingerprinting startup that claims to be able match anonymous crypto wallets with socialContinue reading “Addressable raises $7.5M to match crypto wallets to Twitter accounts. But how?”

Enterprise blockchain adoption may grow as hybrid use cases evolve

While crypto markets remain volatile, enterprise blockchain adoption is continuing to grow as businesses find new use cases for the technology, according to Daniela Barbosa, general manager of blockchain and identity and Hyperledger executive director at The Linux Foundation. One of the biggest demands over the past two years has been “hybrid use cases,” BarbosaContinue reading “Enterprise blockchain adoption may grow as hybrid use cases evolve”

Tesla records $204M loss from bitcoin in 2022

Tesla recorded a $204 million impairment loss in 2022 on its bitcoin holdings, according to regulatory filings. The loss was offset by $64 million in profits from bitcoin trading, leaving the automaker with a net loss of $140 million. Tesla had invested $1.5 billion in bitcoin during the first quarter of 2021, stating that itContinue reading “Tesla records $204M loss from bitcoin in 2022”

Lost your crypto amid Chapter 11 bankruptcy filings? You’re probably not getting it back

If you lost access to your money when the crypto firm holding your assets filed for bankruptcy, then you’re probably out of luck. As Chapter 11 bankruptcy proceedings move forward for several big-name crypto companies, those who lost funds are surely hoping to get all — or at least some — of their money back.Continue reading “Lost your crypto amid Chapter 11 bankruptcy filings? You’re probably not getting it back”

Bitcoin-based app Strike expands in Philippines to grow cross-border payment solutions

Strike, a Bitcoin-based payment network and financial app, is expanding to the Philippines to grow cross-border payments and remittance markets. “The Philippines is one of the biggest remitting markets in the world, especially from the United States,” Jack Mallers, CEO of Strike, said to TechCrunch. In 2021, about $12.7 billion in cash remittances was sentContinue reading “Bitcoin-based app Strike expands in Philippines to grow cross-border payment solutions”

Spatial Labs, a web3 infrastructure and hardware company, closes $10M seed round

Spatial Labs, a web3 infrastructure and hardware company, announced today the closing of a $10 million seed round led by Blockchain Capital with participation from Marcy Venture Partners, the firm co-founded by Jay-Z. Iddris Sandu founded Spatial Labs in 2021, seeking to create products and shopping experiences using augmented reality. “The metaverse to us isContinue reading “Spatial Labs, a web3 infrastructure and hardware company, closes $10M seed round”

VC funding to Black web3 founders popped last year, bucking trends

Much hope remains after the crypto winter almost froze the sector: the Luna crash, the bankruptcy of Celsius and the arrest of FTX founder Sam Bankman-Fried for alleged fraud. Then there was the venture pullback amid an economic downturn. In 2021, web3 startups globally raised a record $29.2 billion. By 2022, that number dipped to $21.5Continue reading “VC funding to Black web3 founders popped last year, bucking trends”

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, co-founders Preston Evans and Cem Özer told TechCrunch. The startup is building an “open, interconnected rollup ecosystem” with a software development kit (SDK) to provide a framework for secure and interoperable zero-knowledge rollups (ZK-rollups). “Sovereign’s goal has always been to make scalingContinue reading “Haun Ventures leads Sovereign Labs’ $7.4M seed round to help scale blockchains”

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