Hussain Elius is best known as the co-founder of Pathao, one of Bangladesh’s top ridesharing apps. For his latest startup, however, Elius is exploring the world of DeFi with Wind.app, a self-custodial, smart contract wallet with three main features. The first is enabling businesses to send payments to remote employees around the world. The second…
This was quite the year for the crypto industry. From funding shortfalls to the SBF saga playing out in public, the industry and its proponents had a wild year, especially with crypto prices fluctuating more than London’s weather in April. Still, regulation of crypto and how it is being set up to be enforced was…
It’s been an eventful week for crypto exchanges and the U.S. government. Changpeng Zhao, also known as “CZ,” the founder and CEO of Binance, is stepping down and has pleaded guilty to a number of violations brought on through the Department of Justice and other U.S. agencies. He appeared in a Seattle federal court on…
The crypto community has been enjoying a welcome reprieve from the dismal climate of the past year recently, thanks to the modest uptick of asset values and the increase in overall activity. Still, it’s far from clear if these recent gains will translate into more lasting interest in the decentralized economy. To recap: Major crypto…
Sam Altman may have been asked to leave OpenAI, but his involvement in crypto project Tools for Humanity, which is building Worldcoin, remains uninterrupted, a source close to the project told TechCrunch. Altman has “consistent and valuable” engagement with Tools for Humanity and “that is not expected to change,” the source said. The source added…
During the Staking Summit in Istanbul, a conference attended by hundreds of individuals involved in the staking practice of the crypto ecosystem, two exhibition booths stood out. They belonged to Tencent and Huawei. Amidst a backdrop dominated by twenty-somethings clad in trendy company hoodies and giving out well-designed merchandise, the two Chinese tech giants appeared…
Sam Altman, the now former CEO of OpenAI, has departed his role and is leaving its board, according to a company post on Friday. But questions about his role at other entities like Worldcoin, the crypto project he co-founded, remain up in the air as its token falls on the news. Worldcoin’s token, WLD, fell…
Welcome back to Chain Reaction. To get a roundup of TechCrunch’s biggest and most important crypto stories delivered to your inbox every Thursday at 12 p.m. PT, subscribe here. The crypto market and overall ecosystem may be showing signs of recovery after a prolonged bear market. At the time of publication, cryptocurrencies like bitcoin and…