Kyt Dotson
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NFT infrastructure platform startup NFTPort raises $26M
Estonian nonfungible token infrastructure startup NFTPort said Wednesday that it raised $26 million in new funding co-led by Taavet+Sten and Atomico. The Series A round was also joined by Sparkle Ventures, IDEO CoLab Ventures, Filecoin creator Protocol Labs, Polygon co-founder Jaynti Kanani and many others. NFTs are a type of peer-to-peer blockchain-based technology that provides ...
Report: Three Arrows Capital may be facing insolvency amid crypto crash
Major crypto venture capital fund Three Arrows Capital Ltd. is facing possible insolvency after suffering almost $400 million in liquidations from lenders, according to a report today from The Block. Speculation about the firm’s potential insolvency has been swirling on social media after the collapse of the Terra ecosystem in May. The firm had co-led ...
Coinbase to cut workforce by 18% amid crypto market downturn
Cryptocurrency exchange Coinbase Inc. is reducing its staff by 18% as part of a restructuring plan due to the beginning of a recession and the anticipated extended “crypto winter.” “Today I am making the difficult decision to reduce the size of our team by about 18% to ensure we stay healthy during this economic downturn,” ...
Crypto lender Celsius pauses withdrawals, citing market volatility
Celsius Network LLC, a major U.S. cryptocurrency lending company, has suspended withdrawals and transfers citing “extreme” conditions, during a downturn affecting the prices of bitcoin, Ethereum and other currencies. “We are taking this necessary action for the benefit of our entire community in order to stabilize liquidity and operations while we take steps to preserve ...
Orderly raises $20M for decentralized crypto exchange on the NEAR protocol
Orderly Network, a decentralized cryptocurrency exchange built on NEAR, said today that it has raised $20 million in new funding to expand its ecosystem and recruit more people for its team. The strategic funding round was joined by crypto venture capital outfits Three Arrows Capital, Pantera Capital, Dragonfly Capital, Sequoia China, Jump Crypto, Alameda Research, ...
Android 13 Beta 3 builds in further large-screen support and app compatibility
Google LLC’s Android team released Android 13 Beta 3 today, which brings the beta test of its mobile operating system into its final phase of platform stability — a milestone that means developers can expect all app-facing behaviors will remain final until full release. As part of the Beta 3 release, Google also updated its list ...
Checkout.com partners with Fireblocks for USDC stablecoin payments
The global payment provider Checkout.com unveiled a new stablecoin settlement solution today that will allow merchants to convert the cryptocurrency during customer transactions, opening up new opportunities for e-commerce. A stablecoin is a type of cryptocurrency that maintains one-to-one parity with a traditional currency, such as the U.S. dollar, so that it always trades $1 ...
At WWDC, Apple unveils the M2 chip, new MacBook Air, iOS 16, macOS Ventura and more
Apple Inc. took to the stage today at its annual Worldwide Developers Conference to make a raft of announcements, including new features for iOS 16, iPadOS 16, WatchOS 9, a new release for macOS named Ventura and, not least, a MacBook Air powered by the newly unveiled M2 chip. “M2 starts the second generation of ...
New York passes bill to ban bitcoin mining facilities that rely on nonrenewable energy
The New York Senate passed a bill early Friday morning that will ban certain types of cryptocurrency mining that rely on nonrenewable energy sources. The bill targets mining facilities that process “proof-of-work” currencies such as bitcoin and Ethereum, which is a particularly energy-intensive process of validating and protecting the integrity of the underlying blockchain infrastructure. The ...
Blockchain bug causes Solana’s fifth outage in 2022
Solana, a popular blockchain protocol for cryptocurrencies and nonfungible tokens, suffered a network outage on Wednesday that took down the network for approximately four hours. According to a tweet from the Solana Status Twitter account, the network stopped working because a bug was causing blocks to generate invalid results. That meant that network validators needed ...