• Injective has launched a $150 million ecosystem fund to accelerate interoperable infrastructure and decentralized finance (DeFi) adoption. • The fund is backed by marquee Web 3.0 firms, including Pantera Capital, Kraken Ventures, Jump Crypto, Kucoin Ventures, Delphi Labs, and IDG Capital. • Injective has also announced a hackathon to be launched in March with […]
• The U.S. Securities and Exchange Commission (SEC) has charged Avraham Eisenberg with manipulating the MNGO cryptocurrency token. • Eisenberg used multiple accounts to swap perpetual futures and MNGO tokens and purchased $116 million of other crypto assets from Mango. • The SEC seeks to have Eisenberg refrain from certain activities by obtaining permanent injunctive […]
• Elitsa Taskova, the head of product for the Nexo wallet, recently sat down with Akiba, the host of the SlateCast podcast to discuss the company’s new non-custodial wallet. • The development of the Nexo wallet took several months and involved a lot of uncertainty and decision-making. The team decided to focus on creating a […]
• The latest episode of SlateCast discussed the topic of safety in Web3 and the creation of tools to help users stay safe when interacting with applications and apps in the world of Web3. • Ricardo from Web3 Builders discussed the importance of end-user security as a barrier to crypto adoption. They are laser-focused on […]
Bullet Points • Meld confirmed it has no control over the actions of private sale token holders after accusations of insiders selling. • TapTools had identified two associated addresses that sold but never bought Meld tokens. • Meld denied suggestions that staff were involved and benefited from the token sales. The Cardano protocol Meld is […]
• A recent analysis of Glassnode data by CryptoSlate revealed that the total amount of Bitcoin (BTC) that was last active six months ago reached just below 15 million. • The total supply of stagnant coins typically grows during bear markets as speculators and investors leave the market. • A clear green spike in the […]
• Entities holding 10,000+ Bitcoin have continued to accumulate Bitcoin since the FTX collapse. • A Glassnode metric called the Accumulation Trend Score (ATS) showed a divergence between super whale buyers and retail sellers. • The ATS score has since become more neutral, indicating lingering macroeconomic uncertainties. Bitcoin has been in the spotlight in recent […]
• Genesis, a crypto lender, has laid off 30% of its workforce and may file for Chapter 11 bankruptcy. • This move follows the previous layoff of 20% of its workforce in August 2022. • If Genesis does decide to file for bankruptcy, it will be one of several crypto firms that have done so […]