Two weeks after suspending client withdrawals and five weeks after raising $80 million in fresh funding, The Block has learned that troubled crypto lender Babel Finance is losing multiple top employees. One is Yulong Liu, head of global partnerships, who plans to leave by the end of this month or ea...
Dynamic, a startup building web3 authentication and authorization tools for developers, has raised $7.5 million in a seed funding round led by Andreessen Horowitz (a16z). Sharing the news exclusively with The Block on Tuesday, Dynamic said other investors in the round included Castle Island Ventures...
A draft law that would exempt issuers of cryptocurrencies and digital assets from value-added tax (VAT) was approved by the Russian parliament on Tuesday. According to a Reuters report, the law would not only exempt issuers from paying VAT but also establish a new tax rate of 13% for Russian compani...
On Monday, a document released by a group of Cosmos contributors, revealed that the Cosmos network will soon enable interchain security. This is an optional feature allowing certain application-specific chains on Cosmos to secure themselves by using the same security validators that run Cosmos Hub —...
MakerDAO, the issuer of the Dai (DAI) stablecoin, is currently voting on how to allocate 500 million DAI ($500 million) of treasury funds into investments in US Treasury bills and bonds, the protocol announced on Monday. The governance vote is the result of the community agreeing to an asset allocat...
Montreux, SWITZERLAND, 28th June, 2022, Chainwire The Montreux Jazz Festival today launched its second series of  NFTs as part of its partnership with OneOf, a music NFT platform built on the Tezos blockchain ‘Diamond Seated  Package' NFTs unlock exclusive hospitality offers duri...
Crypto data firm Kaiko has bagged $53 million in fresh funding even as venture capital investors tighten their purse strings. Eight Roads led the Series B fundraise, which was announced in a statement today, with Revaia participating alongside existing investors Alven, Point9, Anthemis, and Undersco...
The hacker responsible for stealing $100 million from Horizon, a cross-chain bridge tied to the Harmony blockchain protocol, has begun laundering the funds, according to reports by PeckShield. Data from Etherscan show the wallet used by the hacker in the attack sent out about 18,000 ETH ($21 million...
Embattled crypto lender Celsius Network is resisting a recommendation from its own lawyers to file for Chapter 11 bankruptcy — and seeking a show of support from users to help win the internal argument against the suits. With the company’s management prevented from making any public pronouncements d...
Voyager Digital, a crypto app offering up to 12% returns, said it has issued a default notice against Three Arrows Capital for failure to repay a loan worth more than $650 million. The crypto platform issued the notice to Three Arrows Capital, the crypto hedge fund known as 3AC, over a debt of 15,25...

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