Techteryx Gains Full Control of TrueUSD
Techteryx, the stablecoin TrueUSD (TUSD) owner, has announced that it is taking full control of its operation more than two and a half years after acquiring it from crypto firm ArchBlock. Techteryx will now handle all offshore operations and services related to TUSD, including minting, redemption, compliance, and banking. TrueUSD is a stablecoin that aims […]
Multichain Shuts Down After CEO Arrest, $125M Hack
Multichain, a cross-chain bridge protocol, has announced that it will cease operations due to lack of funds and contact with its CEO, who is in Chinese police custody. The announcement comes after a massive exploit that drained over $125 million from the protocol, which some experts suspect to be an internal rug pull. Multichain is […]
Indonesia Names New Crypto Chief Amid Industry Growth
Hasan Fawzi, a former stock exchange executive, has been appointed the head of fintech and digital assets oversight and innovation by Indonesia’s financial watchdog. Fawzi will be responsible for regulating and supervising the emerging crypto sector in the country, which is working towards launching a state-backed crypto exchange by 2023. Hasan Fawzi’s Background and Role […]
Snoop Dogg, a16z Back Web3 Music Startup Sound with $20M
Sound, a blockchain-based platform that connects music artists directly to fans, has raised $20 million in a Series A round led by rapper Snoop Dogg and venture capital firm Andreessen Horowitz. Sound’s Vision for Web3 Music Sound we is a Web3 music platform that aims to help artists by removing intermediaries and connecting them directly […]
LunarCrush Raises $5M to Grow Its Crypto Social Analytics Platform
LunarCrush platform has raised $5 million in a Series A round co-led by Draper Round Table and INCE Capital. LunarCrush, a Los Angeles-based platform that provides social analytics and trading insights for digital assets, non-fungible tokens (NFTs), and equities, has announced that it has raised $5 million in a Series A funding round. The round […]