Crypto venture funding dips for second quarter in succession
Venture funding for crypto startups declined for two straight quarters for the first time since 2018. According to new research, venture funding for crypto businesses fell this quarter by around 35% to $6.2 billion, following a 22% reduction in Q2. VC deals also experienced a substantial decline, falling by 22% quarter over quarter. Even said, […]
Kazakhstan Government Adopts New Crypto Rules
The lower house of the country’s parliament has passed five bills related to digital assets. The government is trying to get a tighter hold on crypto activity, especially crypto mining, so these bills are a step in that direction. The Russian news agency TASS said Wednesday that the lower house of Kazakhstan government, called the […]
Morgan Stanley Shares View On Crypto Ecosystem
A report said that the move to proof-of-stake made the Ethereum blockchain more centralized, as only four companies manage 60% of validators. Morgan Stanley (MS) said in a research report on Wednesday that the crypto ecosystem is becoming less decentralized. The blockchains themselves may be decentralized, but the report said that as crypto regulation grows, […]
Celsius Former Boss cash Out $960K in CEL
Alex Mashinsky, who quit as CEO of Celsius on September 27, is still moving crypto out of wallets even though customers can’t withdraw their money. Nansen’s data shows that since the beginning of October, Alex Mashinsky’s wallets have sent almost $1 million in CEL and USDC to UniSwap and MetaMask. On-chain data from the analytics […]
Bank of New York Mellon Launches Crypto Custody Service
A report says that New York’s financial regulators gave the custodial lender permission in the fall to start holding bitcoin and ether for some customers. Bank of New York Mellon (BK), the oldest bank in the U.S. and the biggest custodian bank in the world, added cryptocurrency custody services on Tuesday, according to a press […]