Kyt Dotson
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Report: SEC investigating Coinbase over cryptocurrency listings
Major cryptocurrency exchange Coinbase Inc. is under investigation by the United States Securities and Exchange Commission related to digital assets listed on the exchange that the agency alleges should have been registered as securities. Bloomberg reported today that three people familiar with the matter said that the SEC had begun the probe into Coinbase’s practice after ...
Aptos Labs secures $150M led by FTX Ventures and Jump Crypto
Aptos Labs, the blockchain startup formed by former employees who worked on Meta Platform Inc.’s ill-fated payment system Diem, today announced that it has raised $150 million in new funding led by FTX Ventures and Jump Crypto. The Series A funding round was also joined by Apollo, Griffin Gaming Partners, Franklin Templeton, Superscrypt founded by ...
Voyager Digital calls FTX bailout offer harmful ‘low-ball bid’
Major crypto brokerage firm Voyager Digital Ltd. said on Sunday that a joint offer from crypto exchange FTX US and Alameda Ventures, both owned by crypto billionaire Sam Bankman-Fried, set to rescue the firm from insolvency is a harmful “low-ball bid” that will disrupt its bankruptcy process. Voyager wrote that the proposal would not maximize ...
Meta engineers join tech industry efforts in calling for no more leap seconds
Most people are aware of leap days, the way that the astronomical calendar stays in tune with the seasonal cycle, but what about leap seconds? The leap second was introduced in 1972 as a way to adjust worldwide clocks to keep them in line with the Earth’s rotation because the day is not precisely 24 ...
Blameless appoints former New Relic CTO Jim Gochee as new CEO
Site reliability engineering platform Blameless Inc. today announced that it’s hiring Jim Gochee as chief executive, and its current co-founder and CEO Lyon Wong will take a new role as executive chairman. Wong founded Blameless in 2017 and led the company as CEO to become an industry leader in providing site reliability solutions and incident ...
Blockchain.com lays off 25% of its workforce amid crypto market downturn
The cryptocurrency exchange Blockchain.com Inc. is laying off 25% of its staff, citing poor market conditions and the need to cut expenses after financial losses. The news was first reported today by CoinDesk, which noted that it will bring the company back to its staffing levels in January. This will reduce the number of employees at ...
Blockchain startup Blockdaemon acquires digital asset security firm Sepior
Blockchain infrastructure provider Blockdaemon today announced that it has bought Sepior, a company that secures digital assets such as cryptocurrencies using cryptographic key management solutions. Blockdaemon gives businesses the capability to manage and handle their own crypto assets securely by providing the necessary infrastructure to operate their own blockchain asset management. It is aligned particularly ...
Zebedee raises $35M to power blockchain payments in virtual worlds and games
Zebedee Inc. today said it has raised $35 million in new funding led by Kingsway Capital to grow its bitcoin-powered payments ecosystem for developers to add “programmable money” to games and virtual worlds. Using Zebedee’s platform any developer can add cryptocurrency micropayments into their games with low transaction speeds and extremely low fees. The Series ...
Microsoft’s Project AirSim creates metaverse to train autonomous flying drones
Microsoft Corp. today announced the launch of Project AirSim, a powerful physics simulator that replicates the real world in 3D digitized environments to train autonomous aerial drones quickly and safely. The best way to train autonomous vehicles is in the field, where the artificial intelligence experiences the same conditions that it will encounter day in ...
Circle discloses detailed report of reserves for its USDC stablecoin
Circle Internet Financial Inc. today released a detailed breakdown of its USD Coin holdings for the first time in an action designed to provide greater transparency and trust for the stablecoin issuer. The report, published in a blog post, revealed that as of June 30, Circle held $55.7 billion in reserves that were comprised of ...