EigenLayer, a Seattle-based blockchain infrastructure startup, raised a $100 million Series B round from Silicon Valley heavyweight Andreessen Horowitz (a16z). Founded in 2021, EigenLayer is developing an Ethereum-related technology known… Read More
Roman Storm, co-creator and developer of crypto “mixer” company Tornado Cash, was arrested by U.S. authorities in Washington state Wednesday after he and his business partner were charged with conspiracy… Read More
Bellevue, Wash.-based crypto exchange Bittrex announced Friday it was “winding down” its U.S. operations. A post from Bittrex co-founder and CEO Richie Lai assured customers that their money was safe.… Read More
Sentio, a Seattle startup building a tool to help developers monitor different layers of their blockchain-based applications, announced a $6.4 million round led by Lightspeed Venture Partners. The company was… Read More
Kaito, an AI-powered search engine that scours the internet for crypto-related topics, raised $5.3 million in a round led by Dragonfly. The Seattle startup was founded in 2022 by Yu… Read More
Prominent cryptocurrency exchange Bittrex laid off employees Wednesday. The Bellevue, Wash.-based company slashed 83 positions, according to a Washington state filing. “Unfortunately, due to market conditions, Bittrex was forced to… Read More
A bank in rural Washington state sought to distance itself from FTX on Tuesday following a report last week detailing its connections to the failed cryptocurrency exchange. Moonstone Bank, formerly… Read More
The swift collapse of the giant digital-asset exchange FTX earlier this month sent a contagion through the crypto industry. It not only caused substantial financial distress to companies and individuals exposed to FTX, but cast… Read More
Gemini, a cryptocurrency exchange co-founded by the Winklevoss twins of Facebook fame, plans to hire 100 people at its Seattle-area hub. The New York-based company announced growth plans Wednesday amid… Read More
The Portland Trail Blazers are ending the team’s jersey sponsorship with Seattle crypto startup StormX. The jersey deal was originally scheduled to last five years, beginning with the 2021-22 season.… Read More
Bloccelerate, a Seattle-area venture capital firm that backs startups building blockchain-related technologies, is raising another fund. A new SEC filing reveals that the firm raised $20 million of a larger… Read More
Stack, a Seattle-based startup building a platform that enables teens to invest in and learn about cryptocurrencies, has raised $2.7 million to boost its content production arm. The funding comes… Read More
From movie recommendations to chatbots, artificial intelligence-powered applications are deeply ingrained in the modern web experience. But building those same features for a so-called Web3 business — such as adding… Read More
Imagine you’re playing Shrapnel, a first-person shooter due in late 2024 from Seattle game studio Neon. You’ve carefully plucked from your armory the right gear to carry into battle: A… Read More
Legendary auction house Christie’s got a front-row seat to the NFT craze. In March 2021, the 256-year-old art merchant facilitated the sale of a collage of the first 5,000 pieces… Read More
Crypto has gone mainstream. Once an esoteric investment held by a select group of people on the internet, it’s now something many investors hold in their portfolio. The global cryptocurrency… Read More
BearTax, a Seattle startup that helps cryptocurrency investors file taxes, raised a $3.2 million seed round led by Seattle VC firm Ascend. The company is led by Tela Andrews, a… Read More
Editor’s note: This is a guest post written by Maria Gilfoyle and Chris Picardo, investors with Seattle-based Madrona Venture Group. We have been diving deep into Web3 at Madrona and… Read More
Ed Fries is having a big week. His games-focused venture fund 1Up Ventures put money into two separate new gaming studios that debuted on Wednesday: Seattle’s Lost Lake Games and… Read More
Cryptocurrency is increasingly going mainstream, but not everyone is familiar with or using the emerging tech. That group includes young adults. Enter Stack. The Seattle-based startup is building a crypto platform… Read More
The news: Seattle cryptocurrency startup Strix Leviathan has spun out a new robo-advisor company called Makara. The tech: Makara aims to make it more simple to invest in digital assets… Read More