The $85 billion venture capital firm launched the Sequoia Crypto Fund in February 2022. Venture capital giant Sequoia Capital reportedly downsized its cryptocurrency fund from $585 million to $200 million, amid a liquidity crunch and a pivot away toward smaller crypto players. According to a July 27 Wall Street Journal report, the tech-focused VC firm…
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The decision in an Australian court was driven by increasing concerns about illicit activities in the crypto market and the desire to safeguard investors. An Australian court has reportedly ordered Meta Platforms, the owner of Facebook, to pay fines amounting to 20 million Australian dollars ($14 million) for collecting user data through a smartphone application,…
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Singapore, the United States and Japan top the global chart in terms of sovereign debt per capita, according to research based on U.N. data. The burden of government debt for every American is 10 times heavier than that for a Chinese citizen, according to the study. U.S. Ranks Second in the World by Debt per…
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Spot and futures trading volumes on centralized crypto exchanges (CEXs) have increased in June, a new report shows. At the same time, website traffic to major trading platforms for digital assets continued to decline, according to the study which also tracks its geographical distribution. Spot Volume on Leading Exchanges Jumped by Over 10% in a…
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A week after Google updated its privacy policy to allow data scraping for AI training purposes the company is now facing a class action lawsuit. Google is now facing a lawsuit in the follow-up to its recent privacy policy update that accuses the tech giant of misusing large amounts of data, including copyrighted material in…
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Arkham CEO Miguel Morel said public blockchains are “probably the worst possible way of keeping one’s private information private.” The chief of the startup blockchain intelligence platform Arkham has refuted claims by the crypto community that its new “Intel Exchange” is a “snitch-to-earn” or “dox-to-earn” system. On a July 11 Twitter Space, Arkham CEO Miguel…
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Newcomers account for the highest percentage of developers that have left the industry over the past 12 months. The number of new developers entering the cryptocurrency sector has dropped by nearly 50 percent over the past year, according to research from Electric Capital’s Developer Report. The latest gauge of the state of the cryptocurrency developer…
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The latest updates to Google’s privacy policy reveal that Google may use any public information available to train its various AI products and services. Google has made updates to its privacy policy which now allows it to take any publicly available data and use it for artificial intelligence (AI) training purposes. The update to the…
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What does the blockchain space need to enable the development of high-storage apps? Web3 — the third generation of the internet — refers to a decentralized and distributed version of the web that uses blockchain technology, and other decentralized technologies, to enable greater user control, privacy and data ownership. It aims to redefine how we…
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Layer-2 scaling, wallet security and privacy-preserving features are all necessary to secure Ethereum’s future, according to the Ethereum co-founder. Ethereum co-founder Vitalik Buterin believes the success of Ethereum will come down to three major technical “transitions” that need to happen almost simultaneously — layer-2 scaling, wallet security and privacy-preserving features. In a June 9 post…
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