Crypto News | TechCrunch (2024)

Crypto

FTX crypto fraud victims to get their money back — plus interest

2:53 am PDT • May 8, 2024

Bankruptcy lawyers representing customers impacted by thedramatic crash of cryptocurrency exchange FTX 17 months agosay that the vast majority of victims will receive their money back — plus interest. The…

AI

Crypto? AI? Internet co-creator Robert Kahn already did it … decades ago

11:51 am PDT • May 7, 2024

Robert Kahn has been a consistent presence on the Internet since its creation — obviously, since he was its co-creator. But like many tech pioneers his resumé is longer than…

Crypto

Global crypto firms turn to Hong Kong for refuge — and opportunity

1:35 pm PDT • May 6, 2024

With U.S. regulators continuing to ramp up their scrutiny of crypto, startups and founders in the space are looking overseas to find friendlier climates to support their growth. One such…

Crypto

Alliance DAO is attracting fewer US founders amid crypto crackdown

12:57 pm PDT • May 2, 2024

The graduates of Alliance DAO are often useful indicators of investor appetite and user adaption trends within the crypto space. The latest batch of the stage-agnostic crypto accelerator, unveiled today,…

Crypto

TechCrunch Minute: Where CZ’s sentencing leaves the state of crypto

9:05 am PDT • May 2, 2024

Four months behind bars and a massive fine, that’s what CZ is getting from the government for his crypto exchange’s misdeeds. Regardless of how you view the verdict — too…

Featured Article

Haun Ventures is riding the bitcoin high

Haun Ventures has made 48 investments, including some of its token positions, across its early-stage $500 million and $1 billion later-stage acceleration funds.

4:24 pm PDT • May 1, 2024

Crypto

Binance CEO ‘CZ’ sentenced to four months in prison

1:36 pm PDT • April 30, 2024

Changpeng Zhao, also known as “CZ,” the founder and CEO of crypto exchange Binance, has been sentenced to four months in prison. Six days ago, the US Department of Justice…

Fintech

After 6-year hiatus, Stripe to start taking crypto payments, starting with USDC stablecoin

9:55 am PDT • April 25, 2024

The company announced that it would start to let customers accept cryptocurrency payments, starting with USDC stablecoins, initially only on Solana, Ethereum and Polygon

Startups

Carv raises $10M Series A to help gamers monetize their data

6:00 am PDT • April 25, 2024

Carv, a data layer platform that lets web3 gaming and AI companies, as well as gamers, control and monetize their data, has raised a $10 million Series A round led…

Apps

Block lets Square merchants convert a part of their daily sales to bitcoin

7:00 am PDT • April 24, 2024

Block, the company behind Square, Cash App and other services, announced a new program today allowing merchants using Square’s solutions to convert a percentage of their daily sales to bitcoin.…

Security

Security engineer jailed for 3 years for $12M crypto hacks

9:39 am PDT • April 12, 2024

Shakeeb Ahmed, a cybersecurity engineer convicted of stealing around $12 million in crypto, was sentenced on Friday to three years in prison. In a press release, the U.S. Attorney for…

Startups

Kiki World, a beauty brand that uses web3 for customer co-creation and ownership, raises $7M from a16z

5:00 am PDT • April 9, 2024

If you think that choosing a nail polish color or which ingredients go into your face cream can’t have anything to do with blockchain, think again. Kiki World, a beauty…

Featured Article

Nine crypto VCs on why Q1 investments were so hot and how it compares to previous bull market

If the 2023 crypto venture landscape was an ice-cold pot of water, the first quarter of 2024 is the part where the bubbles start to form right before water boils, Tom Schmidt, a partner at Dragonfly Capital, said to TechCrunch. And he’s not wrong: $2.52 billion in total capital has been raised across the crypto…

11:28 am PDT • March 29, 2024

Crypto

TechCrunch Minute: Sam Bankman-Fried’s sentencing marks an end to the FTX saga

9:00 am PDT • March 29, 2024

After a lengthy trial and conviction, we finally learned how long former crypto baron Sam Bankman-Fried will be behind bars: up to 25 years. It’s a lengthy sentence, but one…

Crypto

SBF’s prison sentence marks the end of the crypto grift era — so what’s next?

5:13 pm PDT • March 28, 2024

Nearly everything else that’s being built on or enabled by blockchains replaces something that’s already being done fairly well.

Crypto

Sam Bankman-Fried gets 25 years in prison for fraud and money laundering at FTX, ordered to pay $11B in forfeiture

12:42 pm PDT • March 28, 2024

Before sentencing, Bankman-Fried acknowledged in court that he made a “series of bad decisions,” but argued they were not “selfish” ones.

Crypto

0G Labs launches with whopping $35M pre-seed to build a modular AI blockchain

6:00 am PDT • March 26, 2024

As the crypto space heats back up, so has funding for new startups. 0G Labs, a web3 infrastructure firm,” has raised $35 million in a pre-seed round, the team exclusively…

Crypto

Web3 investment firm Borderless Capital acquires CTF Capital to bring AI and quant expertise

5:49 am PDT • March 26, 2024

Borderless Capital, an investment firm that specializes in web3, announced Tuesday that it is acquiring CTF Capital, a quantitative trading and asset management firm headquartered in Miami, with technology and…

Privacy

Worldcoin hit with another ban order in Europe citing risks to kids

5:36 am PDT • March 26, 2024

Controversial crypto biometrics venture Worldcoin has been almost entirely booted out of Europe after being hit with another temporary ban — this time in Portugal. The order from the country’s…

Crypto

Rails launches with $6.2M round for its decentralized FTX alternative

9:00 am PDT • March 21, 2024

Rails, a decentralized crypto exchange, has raised $6.2 million in attempts to fill the void FTX left behind after crashing in 2022, the startup’s co-founder and CEO Satraj Bambra exclusively…

Crypto

Crypto exchange OKX ceases services in India; KuCoin becomes FIU compliant

3:52 am PDT • March 21, 2024

Updated at 12.16am IST, March 23: KuCoin said it has become the first global crypto exchange to comply with India’s FIU. KuCoin said it will support local banks in India…

Crypto

TechCrunch Minute: Solana is ushering in a new round of memecoin mania

9:00 am PDT • March 20, 2024

Blockchain is back and Bitcoin is hot, the Ethereum blockchain is seeing price gains, and lots of folks are stoked about ETFs. But lately, one less-mainstream blockchain is perhaps making…

Featured Article

How crypto exchange Backpack climbed its way to success after its major investor FTX died

Backpack’s founders, who are building a crypto exchange and wallet, have experienced strong growth since launching in 2022. But the road wasn’t easy. FTX co-led Backpack’s $20 million strategic investment round in September 2022. Less than two months later, in November 2022, FTX collapsed. “We lost 80% of the operating capital on FTX. We spent…

9:17 am PDT • March 19, 2024

Crypto

Former web3 gaming founders raise $2.5M for their NFT marketplace to retain users even when there ‘isn’t money to be made’

6:00 am PDT • March 14, 2024

Even though NFT sales volume is still down 88% from 2022 all-time highs (and down 38% year-to-date), Pallet Exchange is building a new type of NFT marketplace focused on user…

Featured Article

Solana’s price rises to $160, highest level since January 2022 as memecoin mania rises

The token behind Solana, a layer-1 blockchain that’s competitive with the Ethereum blockchain, has been through the wringer after it plummeted from a high of about $260 in late 2021 to a low around $8 in early 2023. But like every good movie with a character redemption arc, Solana has one too. The cryptocurrency passed…

1:23 pm PDT • March 13, 2024

Featured Article

Blockchain startup Sei Labs creates an interesting solution to make Ethereum faster

Sei Labs, a startup co-founded by a former Robinhood engineer and a former VC from Coatue, has launched a new open sourced project that offers a novel and exciting approach to make Ethereum faster and less expensive for developers. On Wednesday, Sei launched The Parallel Stack, a public good project — meaning free for any…

6:00 am PDT • March 13, 2024

Crypto

Nigeria demands Binance disclose top users, executives remain detained

12:39 pm PDT • March 12, 2024

Nigeria is actively seeking information from Binance regarding its top 100 users in the country and all transaction history spanning the past six months, according to a Financial Times report.…

Privacy

Worldcoin fails to get injunction against Spain’s privacy suspension

9:30 am PDT • March 11, 2024

Controversial eyeball scanning startup Worldcoin has failed to get an injunction against a temporary suspension ordered Wednesday by Spain’s data protection authority, the AEPD. The authority used emergency powers contained…

Crypto

Bitcoin hits new all-time high of $72,700 but one index warns we’re in ‘extreme greed’ territory

9:28 am PDT • March 11, 2024

The crypto scene continues to remain so hot that bitcoin is hitting one new high after another. It surpassed $72,700 on Monday. This was initially driven by the approval of…

Privacy

Worldcoin says it’s paused services in Spain, after filing legal challenge to temporary ban

3:50 am PST • March 8, 2024

A German subsidiary involved in Sam Altman’s controversial crypto blockchain digital identity business, Worldcoin, was reported Friday to have filed a legal challenge against a suspension order from Spain’s data…