The U.K.’s financial services regulator plans to tighten restrictions on crypto-asset advertising after the government gives it increased power to regulate the industry and protect investors who may not fully understand the risks they are taking on. The Financial Conduct Authority (FCA) said it plans to classify crypto assets such that consumers would be able […]

Andreessen Horowitz (a16z), a venture capital firm that has invested extensively in the crypto industry, is looking to raise $4.5 billion for new funds, the Financial Times reported. The firm told investors it is looking for $3.5 billion for a crypto venture fund, the FT said, citing people briefed on the discussions. That will surpass […]

Hackers have continued to exploit a vulnerability in the cross-chain bridge Multichain about three days after the weakness surfaced, and have stolen about $3 million in cryptocurrency, according to a report by the online publication Vice. “The hack against Multichain users keeps getting worse,” Vice reporter Lorenzo Franceschi-Bicchierai tweeted. A number of Multichain users have […]

The CEO of Singapore-based crypto exchange Crypto.com, Kris Marszalek, confirmed on Bloomberg TV on Wednesday that 400 accounts were hacked earlier this week after several layers of the firm’s security were breached. On Monday, Crypto.com suspended withdrawals on its platform following user reports of “unauthorized activity.” Later, users were required to sign back into their […]

With broader cryptocurrency markets in the doldrums, at least one area of the digital-asset industry appears to be mostly unaffected and has continued to grow: blockchain-based gaming. Although token prices for leading blockchain games like Axie Infinity have fallen recently, the user metrics are up. There are now 398 active blockchain games, defined as having […]