Crypto

Cryptocurrency coverage and news on major investments, tokens like Bitcoin and Ethereum, as well as blockchain and web3 startups that aim to build a more decentralized, community-owned future.

Binance founder Changpeng “CZ” Zhao was released from U.S. custody on Friday after serving out his four-month sentence in a low-security correctional facility. CZ’s sentence was the product of a…

Binance founder ‘CZ’ released from custody after four-month sentence

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We’re in the final stretch of Ticket Reboot Week with just 48 hours remaining! You can still save up to $600 on individual ticket types to TechCrunch Disrupt 2024. Don’t…

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The promise of blockchain to change the world hasn’t materialized. For the most part, the technology has instead enabled people to speculate on a new asset class. A big hurdle…

Tomasz Tunguz’s Theory Ventures bets $12M on Initia, the ‘iOS for web3’

Caroline Ellison, the former CEO of FTX affiliate Alameda Research, was sentenced to two years in prison on Tuesday. Ellison pled guilty to conspiring with FTX’s Sam Bankman-Fried to steal…

Caroline Ellison sentenced to two years in prison for FTX fraud

Blockchain technology is all about decentralization and virtualization. So it’s a little ironic that humans love to come together in person at big blockchain events. Such was the case last…

A walk through the crypto jungle at Korea Blockchain Week

Lawyers representing Sam Bankman-Fried, the FTX CEO and co-founder who was convicted of fraud and money laundering late last year, are seeking a new trial. Following crypto exchange FTX’s collapse,…

Sam Bankman-Fried appeals conviction, criticizes judge’s ‘unbalanced’ decisions

Telegram has had a tough few weeks. The messaging app’s founder, Pavel Durov, was arrested in late August and later released on a €5 million bail in France, charged with…

Telegram CEO Durov’s arrest hasn’t dampened enthusiasm for its TON blockchain

The U.K. government has introduced a new bill to Parliament which proposes new legal protections for digital assets such as Bitcoin.

Bitcoin and NFTs may get greater legal protections as ‘personal property’ under proposed UK law

In a development that will surprise few, former WeWork CEO Adam Neumann’s climate/crypto/carbon-credit startup Flowcarbon appears to be in the process of curling up to die, Forbes reported today. Buyers…

Adam Neumann’s crypto comeback company is reportedly refunding investors

TechCrunch sat down with Shaikh this week at the Korea Blockchain Week 2024 conference in Seoul to talk about Aptos’ expansion; its partnerships with major Asian web2 companies; and how…

Aptos CEO Mo Shaikh shares his journey to web3 and market opportunities in Asia and Middle East

The Federal Trade Commission (FTC) published a report about increasing fraud at bitcoin ATMs. These ATMs allow people to turn their cash into crypto, but they’ve become a tool for…

Bitcoin ATMs are a hotbed for scams, FTC says

Curious about how top venture capitalists are positioning themselves for the next wave in the crypto market?  Dragonfly Capital’s Haseeb Qureshi, Galaxy Ventures’ Will Nuelle, and NFX’s Morgan Beller will…

Dragonfly Capital, Galaxy Ventures and NFX share insights on crypto scaling and strategy at TechCrunch Disrupt 2024

Customers of WazirX, the Indian cryptocurrency exchange that suffered a $234 million hack in July, are unlikely to recover their funds in full through the ongoing restructuring process, a company…

Customers of Indian crypto exchange WazirX unlikely to recover full funds

Many tech companies are expanding their reach into the web3 market, integrating blockchain and web3 technologies into their products and services. In the latest development, South Korean internet giant Naver…

South Korean tech giant Naver launches crypto wallet in partnership with Chiliz

OpenSea, which calls itself the “world’s largest” nonfungible token (NFT) marketplace, received a Wells notice from the SEC, the company said in a blog post Wednesday, indicating the regulator may…

SEC takes aim at NFT marketplace OpenSea

CoinSwitch, a prominent Indian cryptocurrency exchange, is suing rival platform WazirX to recover trapped funds.

CoinSwitch sues WazirX to recover trapped funds

AI giants like Anthropic, OpenAI and Stability AI have faced a lot of heat over how they’ve scraped data and rode rough-shod over others’ intellectual property when training and operating…

Story raises $80M at $2.25B valuation to build a blockchain for the business of content IP in the age of AI

There’s a lot of hype about the promise of AI agents today, but payments are a huge limiting factor. Today, an AI agent might be able to plan a vacation…

Skyfire lets AI agents spend your money

Fabric has developed a custom RISC-V-based chip that is optimized to run the algorithms necessary to establish zero-knowledge proofs and enable fully homomorphic encryption.

How Fabric plans to make advanced cryptography ubiquitous

Former a16z-investor Balaji Srinivasan has booked out an island near Singapore to create his own “Network School.”

Former a16z VC Balaji Srinivasan obtained a private island for his new longevity ‘technocapitalist’ school

Binance, the world’s largest cryptocurrency exchange, has resumed operations for users in India after a seven-month hiatus imposed by a local authority for operating “illegally” in the country. The exchange…

Binance restarts services in India after seven-month regulatory halt

In Puerto Rico, tax breaks enacted in 2012 aimed to juice the economy by encouraging mainland U.S. citizens to do business and live on the island, where they could apply…

The crypto founder who didn’t save Puerto Rico after all

The U.S. Securities and Exchange Commission (SEC) is suing a crypto startup, NovaTech, for allegedly fraudulently raising more than $650 million from over 200,000 investors, many in the Haitian-American community.…

SEC charges crypto firm NovaTech with fraud

The ruling confirmed an earlier decision in April from the High Court of Podgorica which rejected a request to extradite the crypto fugitive to the United States.

Terraform Labs co-founder and crypto fugitive Do Kwon set for extradition to South Korea

The founder of once-hyped crypto startup BitClout is facing trouble. On Tuesday, the SEC charged him with fraud and other offenses.

SEC charges BitClout founder Nader Al-Naji with fraud; says proceeds paid for L.A. mansion, gifts

Indian cryptocurrency exchange WazirX announced on Saturday a controversial plan to “socialize” the $230 million loss from its recent security breach among all its customers, a move that has sent…

WazirX to ‘socialize’ $230M security breach loss among customers

Ledger, a French startup mostly known for its secure crypto hardware wallets, has launched a new mid-range device, the Ledger Flex. Available now, priced at $249, the dinky hardware wallet…

Ledger launches Ledger Flex, a mid-range hardware crypto wallet

Proton’s first cryptocurrency product is a wallet called Proton Wallet that’s designed to make it easier to get started with bitcoin.

Proton releases a self-custody bitcoin wallet

WazirX, one of India’s largest cryptocurrency exchanges, has “temporarily” suspended all trading activities on its platform days after losing about $230 million, nearly half of its reserves, in a security…

WazirX halts trading after $230 million ‘force majeure’ loss