Challenges and Outcomes of the Crypto Industry Recovery Initiative
After the collapse of FTX, Binance founder CZ Zhao initiated the Industry Recovery Initiative (IRI) with the goal of raising $1 billion to help struggling crypto startups. However, the IRI has faced challenges in deploying its funds and fulfilling its commitments. Despite the ambitious $1 billion ...
Vessel Capital Launches $55 Million Fund to Support Web3 Startups
Venture capital firm Vessel Capital has announced a $55 million fund to invest in Web3 infrastructure and applications, TechCrunch reported. According to the founders, their goal is not to scale, but rather to assist crypto founders working on early-stage startups to launch and grow their project ...
North Korean Hacker Group BlueNoroff Targets macOS Users with RustBucket Malware
Sekoia analysts have reported that the North Korean hacker group BlueNoroff is attacking macOS users with a malware called RustBucket. The malware report was originally published by the Jamf platform. It was later supplemented and analyzed by the Sekoia team. Software ...
El Salvador President Announces Plan to Abolish Taxes for Tech Companies
El Salvador's President has taken a major step towards establishing the country as a global hub for the cryptocurrency industry. The move involves the elimination of all taxes on technology companies, as announced by Nayib Bukele, the leader of the nation that made Bitcoin an official means of pa ...