Dragonfly Capital has passed on investing in Eclipse as sexual harassment allegations against its CEO, Neel Somani, have come to light. In a May 10 X post, Haseeb Qureshi, managing partner of crypto VC firm Dragonfly Capital, said that his firm declined to invest in Eclipse while completing due diligence on the L2 solution. During the process, Dragonfly discovered...
Roger Ver spoke at Token2049 in Dubai last month — weeks prior to his arrest — about his commitment to cryptocurrency freedom as a bulwark against tyranny. Ver’s speech at TOKEN2049 in Dubai showcased his commitment to cryptocurrency as a tool for financial freedom and privacy. While he has been a vocal proponent of privacy and control over personal financial...
The outflow of investments in digital assets for the fourth week in a row amounted to $251 million. According to CoinShares data, the week from April 27 to May 3 marked the first time there were any measurable outflows from newly issued U.S. ETFs. The average purchase price of the underlying ETF asset since launch is $62,200 per...
As traders and investors seek gains, this year’s Solana rebirth has buoyed SOL-native exchanges to the forefront of defi activity. DefiLlama data shows five Solana-only protocols appeared in the top 10 decentralized exchange (DEX) volumes in the past 24 hours. A DEX is a trading venue built atop a blockchain that allows users to buy, sell, and swap cryptocurrencies. On-chain...
Binance, crypto’s largest exchange, disclosed reserve increments across the top five digital assets by market cap despite a slump in prices over the past month. The Binance proof-of-reserve (PoR) reported an excess backing of at least over 104% for Bitcoin (BTC), Ethereum (ETH), Tether (USDT), BNB, and Solana (SOL). “When we say Proof of Reserves, we are specifically...
The Starknet Foundation announced the launch of a $5 million grant program for 200 crypto project teams. According to the Starknet Foundation team, this initiative aims to provide 200 crypto project teams with funding of up to $25,000 in USDC to accelerate the growth of the Starknet ecosystem. The Starknet Foundation aims to support projects that have already developed a minimum...
MoonPay, a web3 fintech firm, and BitPay, a crypto payments platform, have teamed up to simplify crypto transactions, aiming to make the process smoother. MoonPay announced via social media that the partnership would enable easier and faster crypto sales, streamlining how users transfer cryptocurrency to their bank account or debit card. The integration aims to simplify the digital finance landscape...
SEPANG: Two more job scam victims have returned to Malaysia after six months of being forced to work as online scammers in Myawaddy, Myanmar. For 29-year-old Sarawakian man who only wanted to be known as Lau, he said the hellish experience began at the end of last year. "I had been working in Singapore for six years...
KUALA LUMPUR: Four monorail stations - Bukit Nanas, Raja Chulan, Bukit Bintang and Imbi - will be temporarily closed for cleaning and repair works after an uprooted tree smashed onto the monorail track on Tuesday (May 7). Rapid Rail Sdn Bhd (Rapid Rail) in a statement on Tuesday night said the service provider would carry out...
KUANTAN: Sultan of Pahang Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah has proposed that the state government establish a Syariah Supreme Court to further streamline syariah laws in the state. His Royal Highness said that currently, Pahang has three levels of syariah laws, namely the Syariah Lower Court, the Syariah High Court and the Syariah Appeals Court. "Islamic...
