Coinbase Ventures has invested in Rocket Pool, acquiring RPL tokens to support the decentralized Ethereum staking pool. The move aligns with efforts to scale Ethereum’s infrastructure. (Read More)

Coinbase, Alameda-backed Mara launches African crypto wallet service

Africa’s cryptocurrency landscape welcomes a new crypto wallet backed by global firms in the ecosystem.

Former Palantir engineers raise $20M to simplify web3 tooling

Kurtosis, a crypto-focused developer tool system, has raised $20 million in a Series A round led by tech-focused hedge fund Coatue. Investors in the round include Coinbase Ventures, the Chainsmokers’ Mantis VC and angel investor Olivier Pomel, who is the CEO and founder of Datadog, among others. The round comes about two years after its $2.5 million seed round in August 2020, which was led by…

Hackers abuse ‘chaotic’ Nomad exploit to drain almost $200M in crypto

Cross-chain messaging protocol Nomad has become the target of crypto’s latest nine-figure attack after hackers abused a “chaotic” security exploit to steal almost $200 million in digital assets. Nomad, a token bridge that allows users to send and receive tokens between Avalanche (AVAX), Ethereum (ETH), Evmos (EVMOS), Moonbeam (GLMR) and Milkomeda C1 blockchains, was attacked on Monday, with…

CoinDCX raises $135 million in funding

Crypto exchange platform CoinDCX has raised $135.9 million from investors led by Pantera Capital and Steadview Capital. The latest round values the company at $2.15 billion. Kingsway, DraperDragon, Republic and Kindred Ventures also participated in the startup’s new funding round. The platform plans to use the funds to more than double its workforce to 1,000 people this year, add more products,…