Former a16z VC Balaji Srinivasan has acquired a personal island for a brand new “technocapitalist” college aimed toward longevity.
Relying on how you’re feeling in regards to the intersection of crypto and Silicon Valley libertarianism, that is both a dream concept or a weird one: Former a16z investor Balaji Srinivasan has rented out an island in Singapore to create his personal “Community College,” the place he’ll run applications on crypto, longevity, and what it […]
Binance resumes companies in India after seven-month suspension
Binance, the world's largest cryptocurrency alternate, has resumed operations to customers in India after being suspended for seven months by native authorities for working “illegally” within the nation. The alternate stated on Thursday that it had registered as a reporting entity with the Monetary Intelligence Unit (FIU), an Indian authorities company tasked with monitoring monetary […]
Cryptocurrency founder fails to save lots of Puerto Rico
In Puerto Rico, tax breaks enacted in 2012 had been meant to encourage mainland U.S. residents to do enterprise and stay on the island, boosting the financial system by exempting them from capital positive factors taxes. However judging by current information, the tech (principally cryptocurrency) entrepreneurs who arrived in droves to save lots of their […]
SEC Prices Crypto Agency Novatec with Fraud
The U.S. Securities and Trade Fee (SEC) is suing cryptocurrency startup NovaTech, alleging that it fraudulently raised greater than $650 million from over 200,000 buyers within the Haitian-American neighborhood. The SEC has accused Novatec, based in 2019 by husband and spouse duo Cynthia and Eddie Petion, of working as a multi-level advertising and marketing (MLM) […]
Terraform Labs co-founder and crypto fugitive Do Kwon set to be extradited to South Korea
Montenegro's Excessive Court docket dominated on Thursday that Terraform Labs co-founder Do Kwon needs to be extradited to his native South Korea. The ruling confirms an April ruling by the Podgorica Excessive Court docket that rejected a cryptocurrency fugitive's request for extradition to america. A date for Kwon's extradition to South Korea has but to […]
The SEC has filed fraud prices in opposition to a16z and the founders of a Sequoia-backed cryptocurrency startup.
The founding father of once-hyped cryptocurrency startup BitClout is in bother. The SEC on Tuesday charged BitClout founder Nadar Al Naji with fraud and an unregistered providing of securities, alleging that he used a false title to evade regulatory scrutiny whereas elevating greater than $257 million in cryptocurrencies. BitClout, a decentralized social media platform, raised […]
WazirX 'socializes' $230M safety breach loss amongst clients
Indian cryptocurrency trade WazirX on Saturday introduced controversial plans to “share” the $230 million loss from a current safety breach with all of its clients, a transfer that has despatched shock waves by way of the native crypto group. The Mumbai-based firm suspended all buying and selling exercise on its platform final week after almost […]
Ledger launches mid-range {hardware} crypto pockets Ledger Flex
Ledger, the French startup recognized for its safe crypto {hardware} wallets, has launched a brand new mid-range system, the Ledger Flex. At present promoting for $249, the tiny {hardware} pockets options an E-Ink show that allows you to navigate the interface and approve transactions with only a faucet. Like all Ledger wallets, Ledger Flex is […]
Proton Releases Self-Custodial Bitcoin Pockets
If you concentrate on it, Proton has all the time been a crypto firm — cryptography, not cryptocurrency — however the Swiss-based firm greatest identified for its safe electronic mail, VPN and storage companies is now launching its first crypto product. It's a cryptocurrency pockets referred to as Proton Pockets that's designed to make it […]
Wazir X halts buying and selling attributable to $230 million 'power majeure' loss
WazirX, one of many largest cryptocurrency exchanges in India, has halted all buying and selling exercise on its platform, days after a safety breach induced it to lose roughly $230 million, practically half of its reserves. The Mumbai-based trade mentioned in a tweet on Sunday night that the cyberattack had considerably impaired its potential to […]