Catie Wood Buys Coinbase (COIN) Shares Again
Catie Wood, the founder of ARK Investment Management, has resumed buying shares of Coinbase (COIN) after a nearly month-long break. On Friday, ARK disclosed that it had purchased 162,325 shares of COIN, worth $3.3 million. This is the second time ARK has purchased shares of the exchange, the first being in mid-January. Wood has been a long-time supporter of...
“Friends With Benefits” Launches Social Networking App
Friends With Benefits (FWB), a decentralized autonomous organization (DAO), has launched a new social networking application. The group announced the news on Twitter on Thursday. FWB was founded in 2021 with the goal of building a social community enthusiastic about Web3 adoption and education, as well as hosting local in-person meetups. In September 2021, the group raised $10 million...
Surojit Chatterjee Joins a16z Crypto as Executive in Residence
Surojit Chatterjee, the former chief product officer for cryptocurrency exchange Coinbase (COIN), has joined venture capital firm Andreessen Horowitz (a16z) as an executive in residence for its crypto unit. Chatterjee is excited to join the a16zcrypto team and learn from some of the smartest minds in the business. He is looking forward to helping founders and builders scale their...
Crypto Ads Banned from NFL Super Bowl 2021
This year's National Football League (NFL) Super Bowl will not feature any crypto commercials. While this may seem like a disappointment, it is actually a good thing. After a year of spectacular failures of trust, ethics and corporate responsibility in the crypto world, as well as market crashes, it is best to take a step back and focus on...
SEC to Sue Paxos Over Binance USD Stablecoin
The U.S. Securities and Exchange Commission (SEC) is reportedly planning to sue Paxos, the issuer of the Pax Dollar (USDP) and Binance USD (BUSD) stablecoins, over the latter. The SEC alleges that BUSD is an unregistered security. This news comes days after Paxos was reported to be under investigation by the New York Department of Financial Services, though the...
Argo Blockchain CEO Wall Resigns After 3 Years
Argo Blockchain (ARBK) announced on Thursday that its CEO and interim chairman, Peter Wall, has resigned after three years. The London-based company had a difficult 2022 due to soaring power prices at its biggest site, Helios, where it didn't have a fixed-rate power agreement. To avoid bankruptcy, Argo sold the Texas facility to Galaxy Digital for $65 million. Wall's...
Rihanna Offers Song as NFT, Earn Royalties
Rihanna has released a popular song as a non-fungible token (NFT) through Web3 music startup anotherblock. This new platform allows holders to receive partial streaming royalties from the rights holders, including artists, producers and writers. The NFTs are fractionalized, meaning that the rights holders can divest a percentage of their streaming royalty rights. This is a revolutionary way for...
Optimism Network Airdrops 11.7M Governance Tokens
Optimism Network conducted a surprise token airdrop Thursday, sending 11.7 million governance tokens to more than 300,000 wallets. This airdrop is part of the blockchain’s initiative to distribute 19% of its initial governance token supply as the blockchain forges a path toward wider adoption. Optimism Collective, the caretaker group of the layer 2 blockchain, distributed 5% of its initial...
U.S. and U.K. Sanction Russian Cybercrime Group Trickbot
The U.S. and U.K. have issued joint sanctions against seven members of the Russian cybercrime group Trickbot. This is the first time the U.K. has taken action against a Russian cybercrime group, and is part of a new coordinated effort against international cybercrime. The sanctions are intended to disrupt the group’s activities and prevent them from profiting from their...
CleanSpark Seeks Growth Through Accretive Acquisitions
CleanSpark (CLSK), a bitcoin miner, is looking for growth through accretive acquisitions of mining assets as the crypto winter continues to weigh on the industry. Chief Financial Officer Gary Vecchiarelli said that the company will take advantage of good deals, and that if bitcoin's price doesn't get close to $40,000 before the next halving event, there will be plenty...
