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Finance

OpenSea Ventures Among Backers for $7M Round for Crypto Security Startup

Web3 Builders also launched the free TrustCheck tool to verify the safety of smart contract and NFT transactions

Web3 Builders co-founder Nicholas Horelik, CEO Riccardo Pellegrini and Chief Technology Officer Henry Katz (Web3)

Policy

CFTC’s Behnam Calls FTX Idea a Potential ‘Evolution’ in Market Structure

Chairman Rostin Behnam says the FTX proposal for directly clearing certain crypto derivatives without intermediaries is still being weighed and would mark a “significant shift.”

Rostin Behnam, chairman of the U.S. Commodity Futures Trading Commission (Jesse Hamilton/CoinDesk)

Policy

CFTC Commissioner to Pitch Retail Investor Definition to Get Set for Crypto

Commissioner Christy Goldsmith Romero says the agency needs a new way of categorizing investors as it prepares for new digital-assets oversight.

Commissioner Christy Goldsmith Romero (Jesse Hamilton/CoinDesk)

Finance

Investing App Stash Raises $52.6M Weeks After Expanding Access to Cryptocurrencies

The convertible debt offering was revealed in a regulatory filing and confirmed by the company.

(Pixabay)

Finance

NFT Infrastructure Company Gomu Closes $5M Seed Round

The fundraise included participation from Coinbase Ventures, DeFiance Capital and Saison Capital, among others.

Pixel Art NFT Collectibles Background.  Vector Illustration.  NFT Seamless Pattern. (Getty Images)

Policy

US CFTC as Crypto’s Regulatory Savior? Crypto Firms Might Not Like What They Get

The Securities and Exchange Commission is treated as a villain in crypto, but the view of the Commodity Futures Trading Commission as a government ally may not survive the honeymoon, insiders suggest

CFTC Chair Rostin Behnam (Suzanne Cordeiro/Shutterstock/CoinDesk)

Policy

Italy Hasn't Vetted the 73 Crypto Firms It Approved This Year

Companies entered into a new registry for crypto firms say they’ve secured regulatory approval in Italy, but they haven’t been checked for compliance yet.

Italy's Organismo Agenti e Mediatori, a supervisory body which oversees its crypto exchanges, told CoinDesk it didn't plan to start collecting information from registered exchanges until next year – at least. (Mathew Schwartz/Unsplash)

Finance

Indian Crypto Exchange WazirX Lays Off Roughly 40% of Its Employees: Sources

The eliminated workers were told they would be paid for 45 days.

WazirX CEO Nischal Shetty (WazirX)

Finance

DeFiance Capital's Arthur Cheong Is Raising Money for a New Fund: Sources

The fund will focus on liquid crypto investments and targets raising about $100 million, a person familiar with the matter said.

(Dall-E/CoinDesk)

Finance

Fintech App Eco to Convert User Balances From US Dollars to USDC

Eco will use digital settlement-service platform Zero Hash to custody the stablecoins.

Andy Bromberg speaks at Token Summit NYC 2018.