Andreessen Horowitz (a16z), the venture capital behemoth known for its role in the ascension of Web3 platforms like Dapper Labs, Foundation, and more, has announced plans to establish its first international outpost in London. The strategic move comes amidst an escalating climate of regulatory scrutiny towards crypto exchanges in the United States, highlighted by a…
It seems proceedings may soon become even more complex within the U.S. Securities and Exchange Commission (SEC) crypto crackdown. Because today, June 12, House Republicans have begun pushing for significant restructuring of the regulatory body. Last week, the SEC filed civil lawsuits against Binance and Coinbase, citing investor protection failures and customer fund mismanagement. Amidst…
BOCI, Bank of China’s investment banking division, has broken new ground by issuing 200 million yuan ($28 million) in fully digital structured notes in Hong Kong. This is the first instance of a tokenized security issuance by a Chinese financial institution in the region. UBS originated the product, which was allocated to its clients across…
Over the years, the inhabitants of the metaverse have come to understand Web3 as a place where artists of all creeds and colors can flourish. Although diversity and inclusion are ideals the blockchain industry strives for, underrepresented creators still quite often go unseen, unsupported, and uncelebrated. This problem isn’t only localized to the blockchain, though,…
ApeCoin DAO — the Web3 organizational entity built up around ApeCoin, a cryptocurrency token created in the spring of 2022 as a part of the Bored Ape Yacht Club ecosystem — has come under fire for paying out exorbitant salaries to its leadership board and being out of touch with its own community. On June…
Let’s face it: The NFT space moves really fast. Considering how quickly things can change in the metaverse, a week in NFTs might as well be a month IRL. Don’t get us wrong — the more people onboarded into the space, the merrier. But because of the constant influx of great art and ideas, it’s…
On Friday, June 9, Crypto.com, the Singapore-based cryptocurrency exchange, announced the suspension of its institutional exchange services in the United States, according to a statement from the company. The decision, set to take effect starting June 21, 2023, is primarily attributed to the lackluster demand from institutional customers in the prevailing market scenario. Institutional clients,…
Web3 has no shortage of “crossover episodes,” moments in crypto art culture where projects, memes, and personalities bleed into and influence each other in significant ways. Beeple’s daily commentary on the NFT space is a good example of this, but he is far from the only influential voice turning existing trends into something fresh and…
Welcome back to Now Runway, where we report to you from the frontlines of the digital fashion and luxury revolution. 9DCC, the digital fashion house from gmoney and streetwear pioneer Jeff Staple tease out a networked product to be revealed at Paris Fashion Week. DRAUP and Nicolas Sassoon give us this week’s more affordable collector’s…
