#ec blockchain

Phaver aims to to build a service that provides a web3 onboarding experience that’s similar to existing social platforms.

At this point, it seems the only thing that could shake up the seemingly never-ending decline in venture interest in crypto would be a drastic thawing of the crypto winter.

As the crypto market continues to deal with depressed prices, many traditional investors are shying away from the sector as they seek safer abodes for their capital. Mega VC firm Sequoia Capital is the latest to do so, with the firm paring down two major venture funds, including its crypto fund, in an effort to downsize. Sequoia has slashed its crypto fund down by 65.8% to $200 million from $585…

Startups that look to improve an industry’s outdated infrastructure are definitely welcome in sectors like financial services and healthcare. But why would a company build infrastructure for an industry that seems to have hit its prime and zoomed past it in record time? That was my question when I saw the news about Futureverse’s recent $54 million Series A round. The startup is a platform of 11…

This morning, the U.S. Securities and Exchange Commission (SEC) sued Coinbase, the largest domestic cryptocurrency exchange, for securities laws violations. The suit comes just one day after the SEC sued Binance, the largest crypto exchange in the world by volume, also over securities matters. In the wake of the Binance suit, Coinbase shares fell 9% yesterday, and they are down more than 20% in…

As some crypto companies gain mainstream adoption through partnerships, alliances or deals with big brand names, others are operating by the beat of their own drum and not worrying about whether a big label is with them. Solana, a layer-1 blockchain that launched in 2020, is one of the biggest chains that developers are building on. Excluding stablecoins, Solana is the eighth largest…

Mainstream brands and financial services firms are testing the waters of crypto, but many are hesitant to fully dive into the blockchain realm due to uncertainty and a general lack of trust. Every industry has its hiccups and bumps, but crypto has been especially hit hard recently, facing a lot of headwinds from regulators and its own internal pitfalls as it tries to scale. “The crypto industry…

As the artificial intelligence market continues to heat up, a number of crypto players — big and small — are diving in. The Solana Foundation, the nonprofit organization behind the layer-1 blockchain Solana, has officially integrated AI into its network with a ChatGPT plug-in developed by Solana Labs, the team exclusively told TechCrunch+. (Solana Labs is the team building products and tools for…