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.
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The most recently hacked DeFi project couldn’t even copy and paste Uniswap and Sushiswap’s code

Earlier this week, Uranium Finance, a Binance Smart Chain-based DeFi project, claimed to have lost $50 million dollars in an exploit of its platform, which had borrowed code extensively from Uniswap, a leading decentralized crypto exchange that runs on the Ethereum blockchain.
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Surveillance project supported by Ripple’s Chris Larsen sees backlash from LGBTQ group

A $695,000 donation from Ripple co-founder Chris Larsen towards a community-led surveillance camera project in San Francisco is receiving backlash from certain sections of society, local outlet San Francisco Examiner reported today.
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Crypto market livens up as MicroStrategy says it wants more Bitcoin

Prices of Bitcoin (BTC) and other major cryptocurrencies swiftly began to pick up steam today after a week of uncertainty, potentially boosted by MicroStrategy announcing its plans to continue buying BTC.
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Bitcoin miners in China receive ’emergency notice’ amidst energy concerns

The Beijing Municipal Bureau of Economy and Information Technology has begun sending out “emergency notices” to local data centers, urging their operators to report whether they are involved in cryptocurrency mining, Reuters reported yesterday.
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US bank BNY Mellon blames “no exposure to Bitcoin” for fund underperformance

US bank BNY Mellon says one of its technology-focused funds had underperformed the market because it wasn’t exposed to companies investing in Bitcoin, a filing from yesterday showed.
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