Category Archives: Crypto

Web3 gaming firm Immutable and layer-2 blockchain Polygon hope that a new strategic alliance will accelerate innovation and adoption in the nascent crypto gaming space, the two companies announced at the Game Developer Conference on Monday. “For us this is a pretty obvious play,” Robbie Ferguson, co-founder and president of Immutable, said. “We realized veryContinue reading “Polygon and Immutable partner to help onboard more gamers and developers into web3”

Two key players in the web3 gaming space predict exponential expansion in the next few years. Robbie Ferguson, co-founder and president of web3 gaming company Immutable, and Ryan Wyatt, president of layer-2 chain Polygon Labs, told TechCrunch+ that web3 will add the first 10 million to 100 million gamers within the next year or two.Continue reading “Web3 gaming will onboard up to 100M gamers in next 2 years, Polygon and Immutable presidents predict”

Flagstar Bank, a subsidiary of New York Community Bancorp, has signed a takeover agreement with U.S. regulators for some of Signature Bank’s assets and loans. Earlier this month, after Silicon Valley Bank’s customers all tried to withdraw their funds at the same time, Signature Bank was the second victim of a bank run. Both banksContinue reading “Flagstar Bank to buy some Signature Bank assets, but not crypto operations”

A new class action lawsuit alleges that several well-known finance YouTubers, including Graham Stephan, Andrei Jikh, Jaspreet Singh and others, should be held responsible for promoting now-disgraced cryptocurrency exchange FTX. The lawsuit’s plaintiff is Edwin Garrison, a private investor who also filed a lawsuit against former FTX CEO Sam Bankman-Fried himself, plus celebrity promoters likeContinue reading “Finance YouTubers sued over promotion of FTX”

To get a roundup of TechCrunch’s biggest and most important crypto stories delivered to your inbox every Thursday at 12 p.m. PT, subscribe here. Welcome back to Chain Reaction. It’s been an insanely busy and chaotic past seven days. Unless you live under a rock, you probably know what I’m talking about. But for thoseContinue reading “Bitcoin rises about 14% in 7-day span as US banking system wobbles”

Following a shakeup in the U.S. banking system over the past week, crypto exchanges and wallets gained momentum as some look for bankless alternatives. The top 10 crypto applications for exchanges and wallets have risen about 15% since Silicon Valley Bank’s stock fell 60% last week, according to a chart from real-time app data providerContinue reading “Top crypto app downloads rise over 15% following SVB collapse”

Ledger, one of the largest cold storage crypto wallet providers, launched a browser extension to improve online security and connectivity for digital assets, the company exclusively told TechCrunch. “You think of Web 1.0 as usernames and passwords, Web 2.0 as log in with Facebook, Google, iCloud, Twitter, and web3 is [about] connecting to your wallet,”Continue reading “Ledger launches browser extension to improve crypto wallet connectivity”

If you own a non-custodial crypto wallet like MetaMask, you know the headache of keeping your 16-word seed phrase safe. That’s the responsibility that comes with having full control over one’s digital assets. A third-party wallet, like one hosted by an exchange, on the other hand, stores private keys on users’ behalf and provides aContinue reading “Backed with $3M, Soul Wallet aims to bring self-hosted crypto wallets to the next billion”

Circle Ventures, the venture arm of the USDC issuer Circle, has invested in an offshore Chinese yuan-backed stablecoin project, CNHC. It’s hard to overlook the timing and strategic significance of the tie-up. In a matter of several years, stablecoins have grown from a fringe category into a more than $130 billion market. These digital coinsContinue reading “KuCoin and Circle back Chinese yuan-pegged stablecoin in $10M round”