Polychain Capital was founded in 2016 by early Coinbase employee Olaf Carlson-Wee. The firm has about $2.6 billion in assets under management, Fortune said citing Pitchbook data. The extended crypto winter has put pressure on the crypto investment landscape for both startups and the venture capital firms that back them. Source
“Victims were fraudulently induced to transfer money into shell companies, at which point the money underwent a series of transfers, generally ending overseas, designed to conceal the source, nature, ownership, and control of the funds,” the affidavit reads. CryptoX Portal
Regardless of its chances of becoming law, this bill should likely generate some discussion. If you have any thoughts the various provisions – whether you think something needs clarity, is unnecessary, will help the industry immensely, etc. – reply to this email and you may see your comment in next week’s edition of the newsletter. Source
While the regulator published documents seeking public consultations last week, the clock on the review process formally starts only when filings are published in the register, which occurred Tuesday. The register is the daily gazette of the U.S. government and contains executive orders, federal agency regulations, proposed agency rules and other documents that, by law, have to published. Original
“I personally bought about a quarter of the new Telegram bonds,” said Pavel Durov, the CEO of the popular but not-yet-profitable platform. Source
The XRP ruling could impact creditor repayments for holdings of Celsius’ token CEL, given U.S. bankruptcy rules which apply a mandatory downgrade to customer claims relating to securities. The estate has previously judged the token’s worth at $0.20, but it could also fall to zero, Koenig said, while some creditors have argued it should be valued at $0.81, its apparent price at the time of bankruptcy in July 2022. Source
Across industries, it seems all anyone is talking about is artificial intelligence. Even companies that aren’t tech-forward are scrambling to discover how AI works and what it could do for them. Given the impact AI is predicted to make, it’s hardly surprising that blockchain protocols — part of an industry that is decidedly tech-forward — are exploring what role(s) AI could play for them. From data analysis to improving scalability to fostering interoperability, AI could prove to be a powerful tool in the arsenal of blockchain protocols. Still, it’s essential…
Bitcoin (BTC) targeted new month-to-date lows at the July 18 Wall Street open as bulls refused to give up on the $30,000 support. BTC/USD 1-hour chart. Source: TradingView BTC price: Heavy resistance risks weekly downtrend Data from Cointelegraph Markets Pro and TradingView showed BTC price action dropping after a modest rebound from $29,675 — its worst level in July so far. Few signs of upward momentum and a waning relative strength index (RSI) offered little hope for those seeking a return to range highs. Traders continued to offer downside targets…
Bitcoin (BTC) targeted new month-to-date lows at the July 18 Wall Street open as bulls refused to give up on $30,000 support. BTC/USD 1-hour chart. Source: TradingView BTC price: Heavy resistance risks weekly downtrend Data from Cointelegraph Markets Pro and TradingView showed BTC price action dropping after a modest rebound from $29,675 — its worst level in July so far. Little sign of upward momentum and a waning relative strength index (RSI) offered little hope for those seeking a return to range highs. Traders continued to offer downside targets extending…
That tokenized “stuff” can be almost anything. Artwork, real-estate, luxury items, wine bottles, cars, carbon credits, and financial instruments like T-bills and stocks — they can all go on-chain. “We’re trying to get everything to tokens, then we’re going to try to see if we can wipe out all the costs from the underlying systems,” says Allan Pedersen, CEO of the Monetalis group, which has worked to tokenize RWAs and use them as collateral on MakerDAO. Pedersen says they have tokenized $1.2 billion in treasury bills that are now used…