Investment giant Fidelity announced today that it has acquired Shoobx, a venture-backed fintech startup, for an undisclosed amount. Jason Furtado and Stephan Richter founded Boston-based Shoobx in 2013, according to Crunchbase. The pair went on to raise a known $10 million in funding for the company with investors such as Austin-based Scout Ventures and Steve … Read more
AR/VR/MX took center stage at CES 2023. Automotive trends got a lot of love, as well, as did robotics and the metaverse. Heck, even pee-related gadgets had their moment to shine last week in Vegas. Another trend, however, was ever-present, if decidedly more understanded. The last few years have been a roller coaster for the … Read more
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Terraform Labs is the founder of US Dollar Terra (UST), an algorithmic stablecoin that lost its peg in May.
The crypto exchange said there was a “timing mismatch in backing Binance-Peg BUSD with BUSD” seemingly showing data in which the stablecoin was not fully backed at times.
MP Andrew Griffith and colleagues spoke before a hearing of the U.K. parliamentary Treasury Committee about payments technology and CBDC.
Virgin Orbit’s much-hyped launch from Cornwall, U.K. on Monday ended in failure, with the company announcing that the mission experienced an “anomaly” that prevented the rocket from reaching orbit. The “Start Me Up” mission attracted much attention; not only was it the company’s sixth launch, it was also billed as the first-ever space flight from … Read more
Registered cryptocurrency exchanges in Ontario, Canada cannot list USDT due to regulatory prohibition.
The Web3 developer program received interest from over 1,000 projects but only 15 were selected for Cohort 0.
Exchanges should introduce decentralized finance to their centralized models to protect their customers and restore confidence in cryptocurrency.
After a 2-year wait, the layer-1 Flare blockchain has finally followed through and sent its tokens to those who held XRP at the time of the snapshot.
The company provides regulated bank accounts and offers crypto purchases through affiliated exchanges.
Alongside a big drop in the price of bitcoin, MicroStrategy slumped more than 70% in 2022.
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Four senators are urging the judge in the bankruptcy case to support a motion for to appoint an examiner.
This is believed to be the first insider trading case involving cryptocurrency.
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The metaverse-building company is looking to leverage the digital ecosystem so big brands can expand their demographic footprint while increasing their revenue streams.
The crypto venture capital industry has become more selective thanks to the general market downturn and wavering trust caused by a slew of scandals and market disruptions, but investors at major firms are still writing checks in the space. Amid market volatility, decentralized finance, or DeFi, is an area that continues to be in focus … Read more
