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Crypto Venture Funds Variant, 1kx Lead $6M Funding Round for ZK-Meets-AI Startup Modulus

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Crypto Venture Funds Variant, 1kx Lead $6M Funding Round for ZK-Meets-AI Startup Modulus

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The round was led by Variant and 1kx, and includes participation from Inflection, Bankless, Blockchain Builders Fund and others. Angel investors include names in the blockchain ecosystem like the Ethereum Foundation, Worldcoin, Polygon, Celestia and Solana, according to Modulus.

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Crypto at the Center of $300M Fraud Case in China

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Crypto at the Center of $300M Fraud Case in China

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21 people were sentenced in a case involving converting ‘dirty’ USDT to RMB.[/]

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Goodbye ‘Play-to-Earn’, Hello Play AND Earn

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Goodbye ‘Play-to-Earn’, Hello Play AND Earn

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As a first step to getting traditional gamers interested in exploring Web3, games need to move away from the play-to-earn model to a vision that more fully embraces the original gaming ethos: fun! This means that before Web3 games can offer players ownership of in-game assets, game developers need to focus on the elements that draw players to games in the first place: evocative worlds, great storytelling, frictionless game-play experience, a sense of community and the ability to hone in-game skills.

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SafeMoon Execs Arrested by DOJ in Fraud Investigation, Charged by SEC

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SafeMoon Execs Arrested by DOJ in Fraud Investigation, Charged by SEC

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Nagy, known as “Safemoon Dev,” 35; Karony, “CPT_HODL_T_MUN,” 27; and Smith, known as “papa,” 35, were charged with conspiracy to commit securities fraud, conspiracy to commit wire fraud and money laundering conspiracy. In one example, the DOJ said Smith diverted tokens to buy himself a Porsche 911.

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Bitcoin (BTC) Price Flat as FOMC Leaves Rates Unchanged; Powell Press Conference Upcoming

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Bitcoin (BTC) Price Flat as FOMC Leaves Rates Unchanged; Powell Press Conference Upcoming

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“Fed interest rate decisions have seen reduced medium-term directional impact on BTC as correlations reign moderate, K33 analysts Anders Helseth and Vetle Lunde noted in a market preview Tuesday. “We still expect a significant intraday volatility contribution from the Wednesday FOMC, as the market typically reacts with bursts of strongly correlated and heightened volatility during the FOMC hours.”

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Bitcoin Retakes $35K After FOMC as Solana's SOL Leads Sharp Altcoin Rally

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Bitcoin Retakes $35K After FOMC as Solana's SOL Leads Sharp Altcoin Rally

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The Federal Reserve pulled no surprises on Wednesay as it kept policy on hold but promised a continued focus on bringing inflation to heel.[/]

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As SBF’s Fraud Trial Winds Down a Year After FTX Collapse, Solana (SOL) and Other Assets Are Flying High

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As SBF’s Fraud Trial Winds Down a Year After FTX Collapse, Solana (SOL) and Other Assets Are Flying High

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“This is great, but it’s not entirely straightforward because a lot of the solana is locked,” Braziel said. “Some of it is being moved around, being staked and perhaps there are plans to explore selling some of it. Just like with Anthropic, it’s fantastic news, but the estate has to get liquid on this stuff.”

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Sam Bankman-Fried on Verge of Tears as His Lawyer Concludes Defense

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Sam Bankman-Fried on Verge of Tears as His Lawyer Concludes Defense

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At the end of the proceeding, which stretched past 6 p.m. in the Manhattan courtroom, he offered an appeal for the jury to find Bankman-Fried acted in “good faith” throughout his time running FTX and Alameda Research, his crypto trading firm, and therefore could not be convicted of fraud.

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Prediction Market Kalshi Sues U.S. CFTC for Denying Its Contracts for Congressional Elections

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Prediction Market Kalshi Sues U.S. CFTC for Denying Its Contracts for Congressional Elections

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When the CFTC denied the application earlier this year, Commissioner Summer Mersinger dissented, arguing, “It is important for the commission to make this determination the right way – by undertaking a public rulemaking process.” However, she added, “my dissent should not be taken as an endorsement of Kalshi’s Congressional Control Contracts.”

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The Latest Tech News in Crypto and Blockchain

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The Latest Tech News in Crypto and Blockchain

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Nov. 2: Toposware, a specialist in the technology of zero-knowledge cryptography, announced the completion of a $5 million strategic seed extension round. “This latest funding round was purposefully constructed to bring key VCs and industry leaders on board with direct experience in building global standards, scaling ubiquitous products to massive market share, and aligning access and utility within target market sectors,” according to a press release. Investors included Evolution Equity Partners, Triatomic Capital, K2 Access Fund and Polygon co-founder Sandeep Nailwal.

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