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Former Meta employees seek to resurrect Diem with Aptos blockchain amid struggling crypto markets
Diem, Facebook parent company Meta Platform Inc.’s doomed crypto payment project met an untimely end at the start of 2022 after years of attempting to gain regulatory acceptance, its assets were sold off, including the blockchain technology that supported it. Unwilling to accept this fate, ex-Meta veteran employees Mo Shaikh and Avery Ching founded the ...
Cloud-first operating system Chrome OS Flex emerges from beta for Macs and PCs
Google LLC today announced that Chrome OS Flex, a cloud-first operating system for Macs and PCs, is now out of beta and available to scale across enterprise fleets. As devices and networks age, they begin to slow down, especially as more applications are added, updates build up and hardware falls behind the times. This bloat ...
Gnosis Safe rebrands as Safe and raises $100M for digital asset management
Digital asset management platform Gnosis Safe announced today that it has raised $100 million in a token sale and rebranded as Safe as the community voted to split from its parent company Gnosis Ltd. The funding was led by 1kx and other investors participating in the round included Tiger Global, A&T Capital, Blockchain Capital, Digital ...
Paladin Cloud raises $3.3M to launch cloud-native security-as-code platform
Paladin Cloud, an enterprise-grade, cloud-native and open-source security platform, today announced it launched with $3.3 million in seed funding led by Okapi Ventures and Bowery Capital. SaaS Ventures, Touchdown Ventures, Samsung Next, T-Mobile Ventures and UST also participated in the funding round. The company describes itself as a “security-as-code” model that is designed to give ...
Crypto lender Celsius Network accused of fraud in lawsuit
Cryptocurrency lending platform Celsius Network LLC has been accused of fraud and acting as a “classic ‘Ponzi scheme’” in a lawsuit filed by Jason Stone, the chief executive of KeyFi Inc. The lawsuit comes at a time when Celsius is facing continuing problems after it had to suspend withdrawals during a downturn in the crypto ...
Web3 gaming startup Planetarium Labs raises $32M led by Animoca Brands
The Web3 gaming startup Planetarium Labs announced late Wednesday that it has raised $32 million in new funding led by Animoca Brands to build the next generation of games governed by the communities that play them. Krust Universe, the investment arm of South Korean tech giant Kakao, WeMade, the publisher of the play-to-earn game “MIR4,” ...
Reddit announces storefront for limited-edition blockchain collectible avatars
Reddit Inc., which runs the “front page of the internet,” announced today that it’s launching an upcoming storefront that will bring limited-edition series of blockchain-based Collectable Avatars that users can use to express themselves on the social media site. Customizable avatars, cartoonish portraits that stand in for profile pictures, were introduced to Reddit in 2015 ...
Cryptocurrency broker Voyager Digital files for bankruptcy
Major cryptocurrency broker Voyager Digital Ltd. has filed for bankruptcy protection, becoming the second major company to file during the recent volatility in the crypto market after the collapse of Three Arrows Capital. The company filed for Chapter 11 bankruptcy late Tuesday, a mere week after it suspended withdrawals, deposits and trading on its platform. ...
EU regulators come to agreement to tame the ‘Wild West’ of crypto markets
Officials in the European Union have come to a provisional agreement on new crypto regulations that will protect customers and supervise service providers in a bid to tame the “Wild West” of the volatile crypto markets. The new regulation struck between the European Parliament and Council Thursday evening is called MiCA, Markets in Crypto-Assets. It ...
Report: Crypto brokerage Genesis Trading facing ‘hundreds of millions’ in losses
Genesis Global Trading Inc., a cryptocurrency lender and prime broker, may be facing considerable losses of “hundreds of millions” of dollars from its exposure to the collapsing crypto hedge fund Three Arrows Capital and Hong Kong-based crypto lender Babel Finance, according to a report from CoinDesk. The losses Genesis is potentially facing are part of ...