Kyt Dotson
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Coinbase’s staking products and listings under scrutiny by SEC
Major cryptocurrency exchange Coinbase Inc. confirmed that the United States Securities and Exchange Commission is investigating some of its products, including staking, which allows holders to earn interest by holding certain digital assets. The company revealed the information in its quarterly report on Tuesday stating that it had received subpoenas from the SEC for documents ...
Superblocks nabs $37M for custom enterprise internal tool development
Superblocks, the newly launched startup that provides a platform to create bespoke internal apps and workflows for companies, said today it has raised $37 million in funding to change how businesses build and maintain their own internal tools. Kleiner Perkins, Greenoaks, Spark and Meritech led the funding round. Additional investment came from a number of ...
Injective raises $40M to build finance-focused blockchain
Injective, a company that has built and deployed a purpose-built blockchain for finance, said today that it has raised $40 million in new funding. The move capitalizes on a trend in which blockchain-based applications are redefining finance with decentralized technologies. The funds were raised in a private token sale led by Jump Crypto. BH Digital, the ...
Cloudflare targeted by same hackers that breached Twilio
Cloud content delivery provider Cloudflare Inc. disclosed Tuesday that it was targeted by an attack similar to the one that breached Twilio. Cloudflare said that some of its employees did fall for the attack, but it confirmed that none of its internal systems were compromised due to its own security technologies. The hackers used what ...
At SIGGRAPH, Nvidia pushes the envelope for virtual worlds and digital humans
Nvidia Corp. took the stage today at the ACM SIGGRAPH computer graphics and technology conference in Los Angeles to announce advances in tools that developers will use to create the metaverse and avatars for digital humans. “The combination of artificial intelligence and computer graphics will power the metaverse, the next evolution of the internet,” said Jensen ...
Pinata raises $21.5M to optimize NFT distribution for Web3 creators
Pinata, a nonfungible token content delivery network, said today it has raised $21.5 million in funding to build an ultra-fast, reliable platform for delivering the media represented by NFTs such as images, video and apps. The total comes from a recently closed $18 million Series A round co-led by Greylock and Pantera and a $3.5 ...
Offchain Labs launches Arbitrum Nova blockchain for gaming and social media
Offchain Labs, the developer of the Ethereum scaling solution Arbitrum, today announced the launch of a new blockchain named Nova designed for Web3 gaming and social media applications. Nova is the second chain launched in the Arbitrum ecosystem alongside Arbitrum One, which was designed to support scaling decentralized finance and nonfungible tokens. Speaking to SiliconANGLE ...
Twilio customer data breached after employee credentials hacked
Cloud communications provider Twilio Inc. disclosed today that it was targeted by a cyberattack that led to the theft of employee credentials, which in turn gave the hackers access to a “limited number” of customer accounts. The company said in a blog post that it became aware of the attack on Aug. 4. Employees were ...
US Treasury sanctions cryptocurrency mixing service Tornado Cash
The United States Treasury announced today that it has sanctioned Tornado Cash, a decentralized cryptocurrency mixing service that allows users to anonymize the origin of funds. The Treasury accused Tornado Cash of laundering more than $7 billion worth of virtual currency since its inception in 2019. “Today, Treasury is sanctioning Tornado Cash, a virtual currency ...
Meta expands NFT features on Instagram internationally
Meta Platforms Inc. announced today that it’s expanding nonfungible token features on its Instagram social media platform internationally to more than 100 countries across Africa, Asia-Pacific, the Middle-East and the Americas. Meta Chief Executive Mark Zuckerberg confirmed the move today on Instagram, sharing what he called a “soon-to-be NFT” of an old Little League Baseball ...