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Tech

Crypto Casino Founder Apologizes for Gambling Away Investor Funds

Galaxy says it has reported a former general partner, Richard Kim, to the authorities for misappropriating at least $3.67 million of company funds belonging to Zero Edge, Kim's crypto casino.

Zkasino has re-opened ether bridge to users. (Carl Raw/Unsplash)

Finance

OKX Picks Malta Over France as Europe Hub to Comply With EU's MiCA Crypto Rules: Sources

OKX previously said in May 2023 that France would be its preferred European hub. "Compliance in Malta is way more lenient," said a person with direct knowledge of OKX's EU regulatory efforts.

Malta (Nick Fewings / Unsplash)

Tech

Top Crypto VC Says Ex-General Partner Made Undisclosed Side Deal With Portfolio Company

Polychain says Niraj Pant broke the fund's policies by secretly accepting "adviser" tokens from Eclipse.

Ritual co-founder Niraj Pant (Ritual)

Tech

Blockchain Startup Rome Raises $9M to Serve Ethereum Layer-2s Through Solana

Shared sequencers and data availability (DA) are services that Rome could provide, as blockchain builders increasingly rely on "modular" networks to handle Ethereum's myriad components and functions.

Rome co-founders Anil Kumar and Sattvik Kansal (Rome)

Finance

Digital Asset Trader Auros to Invest Over $50M in Crypto Startups Through Its Newly Established VC Arm

Auros Ventures aims to make concentrated bets on crypto startups to help them scale with Auros being "power user," Auros co-founder and CIO Ben Roth said in an exclusive interview with CoinDesk.

Julien Auchecorne, the newly appointed head of Auros Ventures (Auros)

Finance

Private Equity Giants Are Circling Bitcoin Miners on AI Allure

Private equity firms are seeing value in partnering with bitcoin miners to help with AI computing after Core Scientific signed a 200MW deal with CoreWeave in June, the company’s CEO said in an exclusive interview with CoinDesk.

Lending money handing over paying cash (Shutterstock)

Markets

Solana Meme Coin MEW's Cat Character to Feature on Trending Telegram Mini Game

The MEW character will be featured on TON, the network where Pixelverse’s Telegram mini-games operate, in a first for a Solana meme coin.

MEW in-game character. (Pixelverse)

Finance

Mantra to Tokenize $500M Real Estate Assets for UAE Builder MAG Group

In March, the Middle-East-focused Mantra raised $11 million for its real-world tokenization efforts.

John Patrick Mullin, CEO of Mantra (Left) and Talal Moafaq Al Gaddah, CEO of MAG Lifestyle Development (Right) (Mantra)

Tech

Crypto Exchange Kraken Is Considering Going Nuclear

Massive demand for energy from high performance computing and artificial intelligence firms is changing the landscape in terms of power stability, the company’s CTO said in an exclusive interview with CoinDesk.

Schematic of a small modular nuclear reactor (Department of Energy via Wikipedia, modified by CoinDesk using PhotoMosh)

Finance

Abra Launches Treasury Service for Corporates That Want to Hold Crypto

The service will provide corporates, family offices and non-profits with a range of digital asset treasury management solutions.

Abra CEO Bill Barhydt. (CoinDesk archives)