Blockchain Founders Fund’s Post

🚨 Top Blockchain News of the Week: 20th April 2024 🚨 1.⁠ ⁠Aptos Labs partners with #Microsoft, Brevan Howard, and SK Telecom to launch #Aptos Ascend, providing institutions a #DeFi gateway with tools for regulatory compliance, privacy, and KYC checks. 2.⁠ ⁠Avraham ‘Avi’ #Eisenberg convicted on #fraud charges for exploiting #MangoMarkets, manipulating MANGO token prices, and causing over $110M in damages. He returned $67M but kept $47M after a community vote. 3.⁠ ⁠In anticipation of #Bitcoin's halving, traders have invested billions in speculative, pre-launch layer 2s, one surpassing the #TVL of #Ethereum’s top platforms like Optimism and Arbitrum, despite not being listed on major trackers like DeFiLlama. 4.⁠ ⁠Amid #MiddleEast tensions and market #volatility, Bitcoin's price fluctuated dramatically, dropping to a seven-week low of $59,630 before rebounding to $65,190 on rumors of easing #geopolitical tensions. 5.⁠ ⁠#Tether and #Telegram announce the launch of #USDT on the #TON network and Telegram wallet at #Token2049 in Dubai, aiming to enhance global value transfer and expand TON’s appeal to Telegram users. Check here for more information: https://lnkd.in/dYQDnsky

🚨 Top Blockchain News of the Week: 13th April 2024 🚨 1. Security engineer Shakeeb Ahmed sentenced to 3 years for hacking two crypto exchanges and stealing $12M, causing significant damage including the shutdown of Nirvana Finance. 2. Winklevoss twins invest $4.5M in Bitcoin to become co-owners of Real Bedford FC, aiding its ambition to join the English Premier League and establishing a Bitcoin treasury to protect against fiat debasement. 3. Coinbase files an interlocutory appeal challenging the SEC's authority over digital asset transactions, arguing significant legal disagreements on the application of the Howey Test to cryptocurrencies. 4. Bitwise reports that spot Bitcoin ETFs have greatly outperformed initial AUM predictions, reaching $59.1B in just three months, surpassing forecasts by JP Morgan, NYDIG, and others. 5. Bitcoin Cash's post-halving 15% price drop serves as a cautionary signal for Bitcoin traders ahead of Bitcoin's own reward halving, suggesting potential volatility. Check here for more information: https://lnkd.in/dh_Xfiae #web3 #blockchain #founders #vcfunding #startups #founders #crypto #technology #community #innovation #news #weekly

🚨 Top Blockchain News of the Week: 9th March 2024 🚨 1. #Binance exits Nigeria, ending all Nigerian #naira transactions by March 8 due to regulatory issues, converting balances to #USDT. #NGN services cease, including deposits and trading pairs. 2. Arkham Intelligence reveals #Tesla and #SpaceX wallets have been identified and hold $1.3B in BTC, with Tesla at $771M and SpaceX at $555M, after tracking their #Bitcoin transactions since 2021. 3. Las Vegas CEO, Martin Mizrahi, faces 127 years for laundering $4M for cartels and a hacked charity via #bitcoin. He has been convicted on multiple charges, including #fraud, #moneylaundering, and aggravated #identity theft. 4. Leaders meet in D.C. for the Bitcoin #Policy Summit to discuss Bitcoin's impact on #US policy, focusing on #energy, #security, and countering #digital authoritarianism. 5. #Memecoins market cap hits $55B, leading #crypto's latest #bullrun as the sector surges 77% in a week. Taylor Swift’s Cat token spikes 25x, overtaking advancements in blockchain #scalability and #AI. Check here for more information: https://lnkd.in/dYQDnsky

🚨 Top Blockchain News of the Week: 10th February 2024 🚨 1. SEC delays decision on Invesco Galaxy's spot Ether ETF, extending the review period with a 35-day public comment phase. The final decision due by July 2024. 2. Hacken hints at insider involvement in the $112M hack of Ripple Chairman Chris Larsen, tracing key roles to two wallets linked to an XRP authorized wallet. 3. Over 200 entities, including major tech firms like OpenAI, Microsoft, Google, Apple, and Amazon, form the U.S. AI Safety Institute to prioritize AI safety and trustworthiness, following Biden's executive order. 4. 78% of crypto industry insiders predict a new Bitcoin all-time high within 12 months, expecting a rise to $77,423 by end of 2024 and $366,935 by 2030, driven by institutional interest, ETF approvals, and economic factors. 5. Terraform Labs co-founder, Do Kwon, wins second appeal in Montenegro against extradition to the U.S. and South Korea, marking a key step in his legal battle. Check here for more information: https://lnkd.in/dh_Xfiae #web3 #blockchain #founders #vcfunding #startups #founders #crypto #technology #community #innovation

🚨 Top Blockchain News of the Week: 17th March 2024 🚨 1. #US prosecutors seek 40-50 years in prison for ex-#FTX CEO Sam Bankman-Fried, citing vast victim impact and severe #crimes across continents. 2. Hong Kong's #SFC alerts that #MEXC #crypto exchange has been operating without a license, with a stance to enforce against unlicensed activities. This warning follows previous concerns raised by regulators in Japan and Germany. 3. After reaching a new high above $73,000, #Bitcoin falls 10% to $66,076, amid #inflation worries and an overbought market. The #cryptocurrency still shows a significant gain, starting 2024 below $45,000. 4. #Starbucks announces the closure of its #Odyssey Beta #NFT rewards program by March 31, ceasing the earning and trading of digital stamps for customers, as it shifts focus to new initiatives. 5. #Fox and #Polygon Labs introduce #Verify to authenticate content and tackle #deepfakes, gaining traction across industries for ensuring content trustworthiness. Check here for more information: https://lnkd.in/dYQDnsky

🚨 Top Blockchain News of the Week: 13th April 2024 🚨 1.⁠ ⁠Security engineer Shakeeb Ahmed sentenced to 3 years for #hacking two #crypto exchanges and stealing $12M, causing significant damage including the shutdown of #Nirvana Finance. 2.⁠ ⁠#Winklevoss twins invest $4.5M in #Bitcoin to become co-owners of #Real Bedford FC, aiding its ambition to join the English Premier League and establishing a Bitcoin treasury to protect against fiat debasement. 3.⁠ ⁠#Coinbase files an interlocutory appeal challenging the #SEC's authority over digital #asset transactions, arguing significant legal disagreements on the application of the Howey Test to #cryptocurrencies. 4.⁠ ⁠#Bitwise reports that spot #Bitcoin #ETFs have greatly outperformed initial AUM predictions, reaching $59.1B in just three months, surpassing forecasts by JP Morgan, NYDIG, and others. 5.⁠ ⁠#BitcoinCash's post-halving 15% price drop serves as a cautionary signal for Bitcoin #traders ahead of Bitcoin's own reward halving, suggesting potential #volatility. Check here for more information: https://lnkd.in/dYQDnsky

What happened in the crypto industry last week (July 8-14)? Top 3 News: 1. The SEC has officially concluded its investigation into stablecoin issuer Paxos without recommending any enforcement actions. The company announced that it had successfully demonstrated compliance in its operations. Full details: https://lnkd.in/e5KGsHAK 2. The head of the CFTC stated that Bitcoin and Ethereum are commodities, not securities. This statement was supported by the 2022 Financial Stability Oversight Council report, which highlighted regulatory gaps in the "spot digital asset market" and called for resolution. Full report: https://lnkd.in/eQ4NA4HT 3. The German Federal Criminal Police's wallet, containing 49,859 BTC, was fully depleted after two weeks of active withdrawals, causing market turmoil. Wallet activity details: https://lnkd.in/eDnP4d3f Other News - BitMEX pleaded guilty to violating the Bank Secrecy Act by failing to implement and maintain an adequate AML program. Full article: https://lnkd.in/edrmB9Ny - Uniswap Labs has called on the SEC to reconsider its approach to regulating the DeFi sector, following the Supreme Court's elimination of the Chevron doctrine. Read the document: https://lnkd.in/erDw3fh3 - A New York judge has rejected Coinbase's request to subpoena SEC Chair Gary Gensler regarding personal correspondence related to the case. Full details: https://lnkd.in/eKtpBVc5 - After a three-year probe, the SEC has dropped its investigation into Hiro Systems, a developer of the Bitcoin Stacks Layer-2 blockchain, which raised $70 million from token sales between 2017 and 2019. Full details: https://lnkd.in/eDzmaU8S - The Lithuanian Financial Crime Investigation Service (FNTT) fined cryptocurrency payment company Payeer €9.29 million (approximately $10 million USD) for AML violations and allowing clients to transfer funds to sanctioned banks. Full details: https://lnkd.in/eP5dmvfM #CryptoRegulation #SEC #Paxos #CFTC #Bitcoin #Ethereum #BitMEX #Uniswap #Coinbase #HiroSystems #Payeer #Cryptocurrency #Blockchain

Keep up with the latest in the #crypto world. In this edition of the Two Worlds Colliding series, we explore regulatory activity, crypto adoption both domestically and globally, security concerns, and the potential future of digital finance. https://lnkd.in/eYEbEgNW

Good morning LinkedIn Family! Here are the latest crypto news for the past 24 hours: 🔵 Former Binance CEO Changpeng Zhao's request to leave the U.S. until his February sentencing is denied by a judge following his guilty plea in a DOJ case. 🔵 The SEC escalates its investigation into Binance US for potential fraud, spurred by Binance's $4.3 billion DOJ settlement and CEO Changpeng Zhao's guilty plea. 🔵 Hong Kong police probe Hounax, a crypto trading platform, for a $15.4 million scam, impacting 131 individuals; previously flagged as suspicious by the SFC. 🔵 Google Cloud collaborates with EigenLayer's testnet involving over 65 operators, gearing up for a mainnet launch in early 2024 despite concerns about Web3 centralization. 🔵 Binance's new CEO, Richard Teng, announces the company's shift from a tech startup to a traditional financial institution. 🔵 Tron network surpasses Bitcoin as the preferred platform for crypto transfers linked to Iran-backed militant groups, resulting in increased Tron wallet seizures by Israel. 🔵 OKX launches its crypto exchange and Web3 wallet in Brazil, providing a fiat-on ramp with Brazilian Real and enabling self-custody DeFi access. 🔵 Hive Digital Technologies expands in Sweden through a new data center acquisition, aiming to boost Bitcoin production using green energy. 🔵 Despite multiple audits, DeFi protocols Raft Finance and KyberSwap experience significant exploits, raising concerns about the reliability of audits in ensuring security. 🔵 Tornado Cash's value drops by 56% after Binance announces the delisting of the token, along with others like BitShares, PERL eco, and Waltonchain. #cryptonews #cryptoupdates #crypto

🚨 Top Blockchain News of the Week: 9th March 2024 🚨 1. Binance exits Nigeria, ending all Nigerian naira transactions by March 8 due to regulatory issues, converting balances to USDT. NGN services cease, including deposits and trading pairs. 2. Arkham Intelligence reveals Tesla and SpaceX wallets have been identified and hold $1.3B in BTC, with Tesla at $771M and SpaceX at $555M, after tracking their Bitcoin transactions since 2021. 3. Las Vegas CEO, Martin Mizrahi, faces 127 years for laundering $4M for cartels and a hacked charity via bitcoin. He has been convicted on multiple charges, including fraud, money laundering, and aggravated identity theft. 4. Leaders meet in D.C. for the Bitcoin Policy Summit to discuss Bitcoin's impact on U.S. policy, focusing on energy, security, and countering digital authoritarianism. 5. Memecoins market cap hits $55B, leading crypto's latest bull run as the sector surges 77% in a week. Taylor Swift’s Cat token spikes 25x, overtaking advancements in blockchain scalability and AI. Check here for more information: https://lnkd.in/dh_Xfiae #web3 #blockchain #founders #vcfunding #startups #founders #crypto #technology #community #innovation #news #weeklynews