In the week following the sanctioning of the Tornado Cash website by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), the price of the token underpinning the system is down 56%,…
Sam Bankman-Fried has handed out some $750 million in lifelines to BlockFi and Voyager after the two lenders went insolvent amid the current crypto crash, and he has made clear that more bailouts…
Ripple Labs—the blockchain payments company behind XRP—may be interested in purchasing assets belonging to the insolvent crypto lending company Celsius. A company spokesperson told Reuters that Ripple is “interested in learning about Celsius…
Barely a day after the U.S. Treasury Department blacklisted Tornado Cash, Ethereum’s cofounder identified himself as someone who used the service to make donations to Ukraine. “I’ll out myself as someone who has…
Singaporean crypto lender Hodlnaut is the latest digital asset company to announce that it is freezing withdrawals “due to recent market conditions.” In an announcement on Holdnaut’s website, the firm says it took…
Beanstalk, a credit-based stablecoin, has rebooted on the one-year anniversary of its launch—and not quite four months since it was hacked for $182 million. “The Beanstalk experiment is out in the wild once…
As more game studios look to incorporate digital assets and collectibles into their properties, Web3 startup Halliday has raised $6 million in a new seed round led by Andreesen Horowitz (a16z) to change…