API
Stands for Application Programming Interface, a software intermediary that helps two separate applications communicate with one another. They define methods of communication between various components.
Digital Currency Group Reports Over $1 Billion Loss Due to 3AC Collapse
Digital Currency Group (DCG) has reported losses of over $1 billion in 2022, largely due to the collapse of Three Arrows Capital (3AC) and falling cryptocurrency prices. DCG's lending arm, Genesis, filed for Chapter 11 bankruptcy in January, as it was 3AC's largest creditor. DCG's fourth-quarter losses came to $24 million, while revenues came in at $143 million. Full-year revenues for DCG came in at $719 million, with total assets of $5.3 billion.
Illuvium Community Blocks NFT Event Over Controversial Figure
Illuvium's community utilized its decentralized autonomous organization (DAO) to block an NFT event between Illuvium CEO Kieran Warwick and Three Arrows Capital founder Su Zhu. Due to controversies surrounding Zhu, Illuvium's community expressed concerns over the potential risks of being associated with him. The DAO then voted unanimously to cancel the event to avoid any association with Zhu.
2022 was a tough year for crypto with a decline in venture
Due to tough macro circumstances and industry developments, blockchain and cryptocurrency-related VC investments fell every quarter in 2022.
Alexis Ohanian bought 50000 ETH
Ohanian founded 776 Venture Capital using his early ETH and Coinbase investments.
ConsenSys Acquires Hal to Improve Alerts
Infura co-founder Eleazar Galano said the startup would cover holes in crypto ecosystem app development.
Bitcoin Flips Visa Again
Bitcoin (BTC) market valuation surpassed Visa's after a near 50% price increase in 2023. BTC has "flipped" the payment giant three times.
FTX investors file class-action suit against Sequoia
FTX investor class-action lawsuit venture capital companies have a "tricky case," according to a crypto lawyer.
Shopify Launches Blockchain Commerce Tools to Enhance User Experience
SIWE allows Shopify users to sign in using Ethereum addresses without revealing private information.
A group of nine banks has invested $45 million in Carbonplace
The independent UK Carbonplace organization will start later this year under CEO Scott Eaton.
Venture capital firm Andreessen Horowitz voted against a Uniswap proposal
Andreessen Horowitz (a16z) opposed a final plan to instal Uniswap V3 on the BNB Chain utilising the Wormhole bridge.