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Latest from James Rubin
Borderless Capital Launches $500M Algorand-Focused Fund
The fund will look to invest in a range of DeFi and NFT projects built on the Algorand blockchain network.
NFT Music Platform Royal Closes $55M Funding Round Led by A16z
Electronic music performers The Chainsmokers and the rapper Nas also provided funding, which comes less than three months after the Justin “3LAU” Blau venture closed a $16 million round.
First Mover Asia: Bitcoin Drops to $56.5K After Brief Rally; Ether Also Falls
Crypto and equity markets rose in early trading after the news that U.S. President Joe Biden had reappointed Jerome Powell as chair of the Federal Reserve.
FC Barcelona Cancels Marketing Agreement With NFT Marketplace Ownix
But the soccer powerhouse is still scheduled to launch an NFT collection on the Ownix platform next week.
DOJ to Sell $56M in Crypto Proceeds From BitConnect Fraud Scam
The agency called the liquidation the largest recovery of assets tied to a cryptocurrency fraud to date.
SEC Stops Wyoming-Based DAO From Registering 2 Digital Tokens
The agency is alleging that American CryptoFed filed a “materially deficient and misleading registration form.”
DeFi Lender bZx Suffers Hack for Reported $55M
bZx tweeted that a private key controlling the protocol’s deployment on Polygon and Binance Smart Chain was breached.
Chia Network to Develop Prototype for World Bank’s Climate Warehouse
The Bram Cohen-founded firm, which aims to reduce public blockchains’ energy dependency, is developing a model that will enable countries to share information on carbon credits and other climate-related issues.
BIS Report Questions Whether Stablecoins, CBDCs Can Create Risks in Developing Countries
The Bank for International Settlements paper found that although stablecoins may be adopted in some of these markets, they may also present wider challenges and have not been tested on a large scale.
DOJ to Hire Director for Its Crypto Enforcement Unit
The director will lead a team of prosecutors in investigating and prosecuting cryptocurrency cases as part of a national effort to prevent the use of crypto for illegal purposes.
