This venture capitalist’s $2.5 million investment in Coinbase turned into $4.6 billion

Eight years ago, Fred Wilson, a co-founder of New York-based venture capital firm Union Square Ventures, invested $2.5 million in then-unknown crypto exchange Coinbase—and that recently became the company’s most profitable exit, Bloomberg pointed out yesterday.
The post This venture capitalist’s $2.5 million investment in Coinbase turned into $4.6 billion appeared first on CryptoSlate.

Turkey considers crypto regulation following the collapse of two exchanges

Turkish authorities are planning to start regulating the cryptocurrency space in the country after two local crypto exchanges allegedly conducted an “exit scam” within a week, as per a report on business news outlet Bloomberg yesterday.
The post Turkey considers crypto regulation following the collapse of two exchanges appeared first on CryptoSlate.

Crypto market returns into green zone after last week’s dip

Monday’s trading session has marked a return to form for Bitcoin (BTC) and other top cryptocurrencies, mostly offsetting the losses incurred by the last week’s slump, according to crypto metrics platform CoinGecko.
The post Crypto market returns into green zone after last week’s dip appeared first on CryptoSlate.

Korean tax officers seize $22M in crypto directly from exchange accounts

South Korea’s Seoul metropolitan government has seized 25 billion won ($22 million) worth of crypto from tax evaders—directly out of their exchange accounts, local news outlet Yonhap reported yesterday.
The post Korean tax officers seize $22M in crypto directly from exchange accounts appeared first on CryptoSlate.

62 detained in Turkey a day after alleged $2 billion crypto ‘exit scam’

Turkish police have detained 62 people across eight provinces in connection to an ongoing investigation into local crypto exchange Thodex going dark, news agency Associated Press reported today.
The post 62 detained in Turkey a day after alleged $2 billion crypto ‘exit scam’ appeared first on CryptoSlate.

South Korea aims to “pay special attention” to Bitcoin and crypto transactions

South Korea’s regulators have announced a new crackdown on crypto-related illegal activity amidst the ongoing digital assets trading boom, local news outlet Yonhap News Agency reported today.
The post South Korea aims to “pay special attention” to Bitcoin and crypto transactions appeared first on CryptoSlate.

Verto.exchange founder explains why he built the first DEX on “permaweb” protocol Arweave

CryptoSlate recently had the opportunity to chat with Tate Berenbaum, the founder of Verto.exchange, a decentralized trading protocol built on top of Arweave.
The post Verto.exchange founder explains why he built the first DEX on “permaweb” protocol Arweave appeared first on CryptoSlate.