May 2, 2024
Investors

Former BlockTower investors raise $6.5 million for crypto yield marketplace Superform

Superform Labs, a crypto startup founded by two former BlockTower Capital investors and a former Microsoft product manager, has raised $6.5 million in seed and angel funding rounds. Polychain Capital led the seed round, with BlockTower Capital, Maven 11, Circle Ventures, and other firms participating, Superform said Wednesday. Angel investors in the round included Arthur

Read More
Funds

Mississippi Supreme Court hears oral arguments in taxpayer funds for private schools case

The legal battle began after the legislature passed a $10 million appropriation in 2022 which would provide funds toward infrastructure improvements at private schools across the state.  Facilitated through a grant program and funded in part by federal COVID-19 relief money under the American Rescue Plan Act, or ARPA, those schools could be granted funds

Read More
Loans

Digital nano-loans as enablers of financial empowerment

Chik Shampoo’s case study on sachets in the 70s often serves as a playbook to tap into India’s billion people-strong potential. What started as a revolution in FMCG has now transcended industries, even reaching financial services. And one such space in the BFSI subset has managed to gain significant momentum: lending. Sachetised loans, also called

Read More
Crypto

February will see $800 million of unlocks from Avalanche, Optimism, Aptos and more

Published 1 minute earlier on In the month ahead, a number of crypto projects will unlock significant quantities of tokens. Here’s a breakdown of the most significant unlocks and airdrops for the month of February, according to TokenUnlocks data.  Significant unlocks Aptos will unlock nearly 25 million tokens worth $222 million at current prices on

Read More
Crypto

Genesis asks bankruptcy court to approve $1.4 billion sale of GBTC shares

Published 1 minute earlier on Bankrupt crypto lender Genesis Global Capital has filed a new motion with the U.S. Bankruptcy Court in the Southern District of New York seeking authorization to sell approximately $1.6 billion in trust assets.  According to the filing, the assets held by Genesis, a subsidiary of the Digital Currency Group, include

Read More
Crypto

Tired of Tinder? New app lets you swipe left and right on cryptocurrencies

Layer 1s • January 21, 2024, 5:37PM EST Published 1 minute earlier on What do you get when you combine cryptocurrency charts with Tinder? Answer: Chinder, naturally, a new app that lets users swipe between cryptocurrency charts for Solana-based tokens. Swipe right to buy, and swipe left to keep browsing.  The experiment comes courtesy of

Read More
Crypto

Denver pastor behind alleged crypto scam says $300k home remodel was God’s idea

Eli Regalado, the Denver pastor who’s being sued along with his wife by Colorado’s securities commission for selling millions of dollars in ‘valueless’ INDXcoin cryptocurrency, has responded to the allegations in the lawsuit in a video uploaded to INDXcoin’s community forum.  In the video, Pastor Eli Regalado admits that the investors into the cryptocurrency run

Read More
Crypto

Weekly Preview: Coinbase v. SEC, big token unlocks, and more

For anyone craving a return to last week’s exciting spot bitcoin ETF horse race, I have unfortunate news: tomorrow marks the federal holiday of Martin Luther King Jr. day, so the stock market will be closed. However, the blockchains will continue on validating, and several important events are scheduled for later in the week, including

Read More
Crypto

GameStop axes NFT marketplace, citing regulatory uncertainty

Published 1 minute earlier on GameStop has announced the closure of its NFT marketplace. In a statement posted to the site, the company cites “the continuing regulatory uncertainty of the crypto space” as the reason behind the closure. The marketplace officially launched on Halloween of 2022, focusing on gaming assets in partnership with ImmutableX, an

Read More
Crypto

Someone spent $66,000 to inscribe data onto Bitcoin. No one knows what it says.

Published 1 minute earlier on Over the course of 332 transactions, an anonymous wallet spent about 1.5 BTC, worth about $66,000 at current prices, to inscribe almost 9 megabytes of encrypted data onto the Bitcoin blockchain.  The most expensive transactions cost thousands of dollars each in fees, though most of the transactions were closer to

Read More