The year 2023 marked a significant transformation in the realm of cryptocurrency investments, as the landscape of crypto venture capital (VC) funding experienced a substantial decline of 68%. This decline, which saw investments drop from $33.3 billion in 2022 to $10.7 billion, unsurprisingly caused concern among industry experts. However, despite this decrease, the year 2023
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In a recent development, Coinbase Global, the renowned cryptocurrency exchange, has undergone a change in its custody division’s leadership. As confirmed by a spokesperson, Aaron Schnarch, the former CEO of Coinbase Custody, has left the company. His departure marked the appointment of Rick Schonberg as his successor in August. This move by Coinbase aligns with
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Catalyx, a prominent crypto trading platform based in Canada, recently fell victim to a devastating security breach. The company has confirmed the loss of customer funds held in its custody, although the exact value of the loss remains undisclosed. As a result, Catalyx has temporarily suspended crypto and fiat withdrawals while investigations are underway. This
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The cryptocurrency market has experienced a surge of innovation in Artificial Intelligence (AI) technology since the release of ChatGPT by OpenAI over a year ago. As traders increasingly seek out protocols that incorporate AI-based solutions, a promising project called Launchpad XYZ has gained significant traction among seasoned crypto analysts. With its native token LPX set
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