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Invest news

A collection of 119 issues

Stanford University to Return Millions in Gifts from Bankrupt Crypto Firm FTX

Stanford, CA - In an unprecedented move, Stanford University announced plans to return "the entirety" of millions of dollars it received in donations from FTX, a now-bankrupt cryptocurrency firm, and from the parents of the firm's co-founder and former CEO, Sam Bankman-Fried. The announcement comes on the heels of a

The US Federal Reserve has launched the FedNow instant payment system

The US Federal Reserve has launched the FedNow instant payment service. The system will link credit unions and banks and process payments between their customers.

Manta Network developer P0x labs has raised $25m in a Series A funding round

In a Series A funding round, Manta Network developer P0x labs has raised $25 million at a valuation of $500 million. The round was led by Polychain Capital and Qiming Venture Partners. Manta Network also announced the launch of their test L2 network for zk applications Manta Pacific. We will

How can outstaffing help a business?

This, relatively new concept, is now faced only by those who are directly related to a business that involves a team of human resources. For certain reasons, the owner of a company or firm has the need to reduce the number of staff to a minimum. And the activity of

Venture funds sued Curve founder

Venture firms ParaFi, Framework Ventures and 1kx sued Curve founder Mikhail Yegorov. He is accused of defrauding and using trade secrets, which led to financial losses. The plaintiffs also allege that the CRV tokens that Egorov sold for millions of dollars actually belonged to them.

Paradigm to expand its investment focus to "cutting-edge technology"

Venture capital firm Paradigm plans to go beyond its Web3 investments and expand its focus on advanced technologies, including AI. The Block reports this, citing sources familiar with the situation. Earlier this month, references to Web3 and cryptocurrencies disappeared from the firm's official website, but the publication writes that "this

Tornado Cash suffered a hacker attack

A hacker attacked the Tornado Cash mixer. He was able to gain full control of the mixer control, revoked all blocked votes, pulled all tokens from the control contract and hacked the router. In total, the attacker obtained 483,000 TORN from Tornado Cash's control vault. 385,300 TORN sold

New World Bank president named

The post of president of the World Bank following the resignation of David Malpass will be taken by the former head of Mastercard, Ajay Banga. The organisation's management on Wednesday, May 3, elected Ajay Banga for a five-year term. The former head of Mastercard as the 14th president will lead

Gemini launches futures exchange

Gemini has announced the launch of Gemini Foundation, a crypto derivatives exchange. The platform is not available to customers in the United States, the United Kingdom and the European Union. Users of the exchange will be able to trade an open-ended BTC contract with up to 100x leverage.

Berachain has raised $42m investment

The Berachain project has received $42m in funding, with a valuation of $420.69m, in a Series A funding round led by Polychain Capital. Other investors included Shima Capital, GoldenTree Asset Management, Tribe Capital, Hack VC, Robot Ventures, dao5 and two angel investors, Zaki Manian, Mustafa Al-Bassam.