Kyt Dotson
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Coinbase introduces Base, a developer-friendly Ethereum Layer 2 blockchain
Cryptocurrency exchange Coinbase Global Inc. expanded its blockchain developer tools today with Base, an Ethereum Layer 2 network that offers a secure, low-cost and developer-friendly way for builders to construct and deploy decentralized apps. A Layer 2 blockchain is a separate chain that operates alongside another, in the case of Base it works with Ethereum, ...
Israeli startup Chain Reaction raises $70M to build blockchain chips
Chain Reaction, an Israel-based semiconductor startup that develops blockchain and privacy chips, revealed today that it has raised $70 million in new funding to expand its engineering team and focus on the development of a new chip as its first one comes to market later this year. The Series C round was led by Morgan ...
Crypto risk startup Chaos Labs raises $20M co-led by PayPal, Galaxy
Crypto risk management platform Chaos Labs Inc. raised $20 million in seed funding Tuesday in a round co-led by PayPal Ventures, the venture arm of payments giant PayPal Holdings Inc., and the investment management firm Galaxy Digital. Notable crypto companies and investment firms also participated in the round, including Coinbase Ventures, Uniswap, Lightspeed, OpenSea, Polygon ...
Wipro’s newest secure digital identity solution taps into the blockchain
Wipro Lab45, the innovation lab of technology services and consulting firm Wipro Ltd., today announced the launch of its newly minted Decentralized Identity and Credential Exchange service that taps blockchain technology to provide users full control of their private information. The new service, known as DICE ID, allows credentials to be issued and verified using ...
Google Cloud collaborates with Tezos Foundation on Web3 development
The Tezos Foundation, the nonprofit foundation that supports the development of the Tezos blockchain, announced today it has teamed up with Google Cloud to provide tools for developers to deploy blockchain nodes and build Web3 applications. Through the collaboration, Google Cloud will become a validator on the Tezos blockchain so Google Cloud customers will gain ...
Preciate renames itself Scoot alongside $12M raise for more comfortable virtual meetings
Preciate Inc., a virtual socialization and meeting platform, today announced it raised $12 million in a Series A funding round led by Woodland Capital to scale its 2D virtual meeting product that helps remote workers combat “Zoom fatigue.” Alongside the announcement, the company also changed its name to Scoot in order to reflect the company’s ...
Ankr partners with Microsoft to deploy enterprise blockchain node service
Web3 infrastructure firm Ankr Inc. said today that it’s partnering with Microsoft Corp. to provide enterprise-level blockchain node hosting services via the Microsoft Azure cloud solution for decentralized app developers and builders. Ankr will provide its knowledge in blockchain infrastructure and Microsoft will offer the service through the Azure Marketplace with easy-to-purchase solutions. Customers will ...
Gateway.fm raises $4.6M to provide access to Web3 node infrastructure tools
Decentralized blockchain infrastructure node provider Gateway.fm today announced that the company has raised $4.6 million in seed funding to provide developers tools for accessing scalable Web3 infrastructure so they can build decentralized applications. The round was led by Lemniscap, an investment firm specializing in cryptoassets and blockchain startups, with participation from other notable investors in ...
GrainChain raises $29M to expand agricultural blockchain
Texas-based GrainChain, a company building an agricultural blockchain for supply chain tracking, said today it has raised $29 million in a new funding round to accelerate growth across the U.S. and Latin America. The round included investments from Overstock.com Inc., which participated in the company’s previous rounds via Medici Ventures, Pelion Venture Partners and Brigham ...
SEC charges Do Kwon, Terraform Labs with fraud over the collapse of TerraUSD
The U.S. Securities and Exchange Commission charged Terraform Labs Pte. Ltd. and its Chief Executive Officer Do Kown with “orchestrating a multibillion-dollar crypto asset securities fraud” almost a year after the meltdown of his company’s so-called “algorithmic” stablecoin TerraUSD that sent ripples through the crypto industry. In its complaint filed on Thursday, the SEC alleged ...