Crypto Developer Platform Thirdweb Gets Katie Haun’s Backing at $160M Valuation

Thirdweb tools have been used by global brands like buy now, pay later platform Afterpay, and New York Fashion Week, and the startup has a partnership with Coinbase’s NFT marketplace. In the past nine months, over 55,000 developers have used thirdweb tools to build applications, according to the company. Source 160MBackingCryptoDeveloperHaunsKatiePlatformThirdwebValuation CryptoX Portal

BendDAO’s NFT-Collateralized Crypto Loan Platform Suffers a Bank Run, Prompting a Move to Avoid Another Liquidity Crisis

BendDAO – from a distance – looks like an old-school bank: Some customers deposit money into the decentralized finance (DeFi) platform, which loans the money out, giving depositors a cut of the interest payments. Those loans are backed by collateral but with a crypto-quirk: that collateral is pictures of monkeys, pixelated heads and other pricey non-fungible tokens (NFTs). Source

Brazilian Crypto Investment Platform Bluebenx Backpedals on Hack Reports, States It Was Victim of a Listing Scam – Exchanges Bitcoin News

Bluebenx, a Brazilian crypto company that recently stopped customer withdrawals, has changed its story regarding the causes which took it to take that measure. While the exchange issued an email statement informing customers it had been the victim of a vicious hack, now the company states the liquidity problems were the consequence of a listing scam. Bluebenx Switches Versions Regarding Liquidity Issues Brazilian crypto investment company Bluebenx changed the version on the recent liquidity issues it is facing, having stopped the withdrawals for some customers last week. The…

Can exchanges create imaginary Bitcoin to dump price? Crypto platform exec answers

One of the most substantial value propositions of Bitcoin (BTC) is that no one can create more of it apart from its fixed supply. However, an executive from a crypto exchange made a bold claim that some exchanges can create and sell BTC that’s only in their system, not on the blockchain, to manipulate the market.  In an interview with Cointelegraph, Serhii Zhdanov, the CEO of crypto exchange Exmo, shared his beliefs that market manipulation is still prevalent in the digital asset space and gave an example of how it…

BBC Chair Linked to Russian-sanctioned Subsidiary Blockchain Platform

Chairman of the British Broadcasting Corporation (BBC), Richard Sharp, has been shown to have ties with Vladimir Potanin, one of Russia’s richest men.  While there has been no direct indictment for the business relationship between Sharp and Potanin, the link has stimulated media, considering the fact that Potanin has now been placed under various sanctions for supporting the Russian regime. Potanin is not just an ally of Russian President Vladimir Putin but also one of those men in his inner circle. Potanin has even been seen playing hockey with Putin…