Author: Jesse Coghlan

Crypto investor Katie Haun raises $1.5 billion for Web3 venture fund

Jesse Coghlan

Katie Haun, crypto investor and board member for Coinbase and OpenSea announced that she had raised $1.5 billion for her new fund, Haun Ventures. On Tuesday, March 22, Haun posted an article on Twitter, briefly introducing the firm and sharing that the funds would be used to invest in Web3 projects. Introducing @HaunVentures, a firm built for the next generation of the internet. We’ve raised $1.5 billion across two funds to invest in web3. An exciting first step, but the real work begins now. https://t.co/tBeE4OEJkD — Kathryn Haun (@katie_haun) March…

Mobile banking app Dave scores $100M investment from FTX US

Jesse Coghlan

On March 21, mobile banking application Dave announced a partnership with FTX US to provide cryptocurrency payments on the platform. It also announced a $100 million investment from FTX Ventures. In the statement, Dave said the investment would aid its strategy for future crypto-related initiatives, with FTX US serving as its partner for cryptocurrencies. Both companies said they’re currently exploring ways to introduce crypto payments into Dave’s platform. FTX US President Brett Harrison commented that it looks to align with companies that can help drive widespread adoption of digital assets,…

NeoNexus founder pulls the plug on popular Metaverse NFT project

Jesse Coghlan

The founder of NeoNexus, a Solana-based NFT project, has stated the team is no longer developing the project, blaming the drop in Solana (SOL) prices for the decision. The project’s founder, Jack Shi, took to the official Twitter account for NeoNexus, tweeting at 2 pm UTC on March 21 that it was no longer continuing the “healthy development” of the project, adding they would like to hand it over for the community to develop. It is with a heavy heart that we must inform you that we can no longer…

Rare Bears Discord phishing attack nabs $800K in NFTs

Jesse Coghlan

Recently launched NFT project, Rare Bears, was hit with an attack, after a hacker posted a phishing link in the project’s Discord channel, stealing nearly $800,000 in NFTs. Analysis from blockchain security firm Peckshield detailed that the attacker was able to steal 179 NFTs, including Rare Bears and other NFTs from various collections, including CloneX, Azuki, a “mfer” from artist sartoshi, and 6 LAND tokens used for The Sandbox metaverse. According to on-chain analysis, most of the NFTs were sold, netting the hacker 286 ETH, worth over $795,500, most of…

‘Unlucky:’ Agave and Hundred Finance DeFi protocols exploited for $11M

Jesse Coghlan

A hacker has made off with approximately $11 million in wrapped ETH (wETH), wrapped BTC (wBTC), Chainlink (LINK), USD Coin (USDC), Gnosis (GNO) and wrapped XDAI (wxDAI) after using a “re-entrancy” attack on decentralized finance (DeFi) lending protocol applications Agave and Hundred Finance. The attack comes within 24 hours of the news breaking of the Deus Finance exploit, where hackers stole over $3 million in Dai (DAI) and Ether (ETH) from the lending contract platform. Agave token AGVE dropped by 20% following the attack, according to data from CoinGecko. Hundred…

Instagram is adding NFTs soon says Mark Zuckerberg

Jesse Coghlan

Meta CEO Mark Zuckerberg has revealed that its video and photo sharing app, Instagram, is preparing to add non-fungible tokens (NFTs) to the platform. “We’re working on bringing NFTs to Instagram in the near term,” Zuckerberg reportedly stated in an appearance at the South by Southwest conference in Austin, Texas. The Facebook founder did not provide specifics on when the implementation would happen. Casey Newton, writer for the Platformer newsletter, tweeted from the conference that Zuckerberg also said that he hopes in the coming months, Instagram users would be able…

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