The startup’s current projects split into partnering with existing networks to integrate Mysten technology and the creation of open protocols based on Mysten-designed components. The scalability-focused protocol Narwhal, for example, is in development to deploy on Celo and Sommelier. Mysten is also launching a next-generation NFT platform Source link … [Read more...] about A16z Leads $36M Bet on Web 3 Startup From Facebook Crypto Vets
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Algorand Project Raises $3.6M to Make Cross-Chain DeFi Friendly for Big Investors
C3 Protocol, a cryptocurrency trading project linked to the Algorand blockchain, has raised $3.6 million led by Arrington Capital and Jump Capital.C3′s ambitious plan to allow decentralized finance (DeFi) liquidity to flow across blockchains was also backed by Golden Tree Asset Management, Cumberland, ParaFi Capital, Mechanism Capital, Borderless Capital, Node Capital and … [Read more...] about Algorand Project Raises $3.6M to Make Cross-Chain DeFi Friendly for Big Investors
Canadian Police Arrest Teen for Allegedly Stealing $36M in Crypto
Hamilton police in Ontario arrested a teen for allegedly stealing CAD$46 million (US$36 million) worth of cryptocurrency through a SIM swap attack on a victim located in the U.S.This is the biggest cryptocurrency theft reported so far in Canada, the Hamilton police said in a press release on Wednesday. The victim was targeted by a SIM swap attack, in which scammers hijack … [Read more...] about Canadian Police Arrest Teen for Allegedly Stealing $36M in Crypto