Articles about cryptocurrency

Private AI: Venice.ai, led by crypto vet Erik Voorhees and Seattle’s Jesse Proudman, raises $65M

Venice.ai, a privacy-focused AI startup led by CEO Erik Voorhees and Seattle-based president and CTO Jesse Proudman, has raised $65 million in its first outside funding at a $1 billion valuation. The company offers a private alternative to mainstream AI services, saying it doesn’t store users’ prompts or responses. Read More

Former startup CFO gets 2 years in prison for wire fraud / crypto scheme that cost company $35M

Nevin Shetty, 42, of Mercer Island, Wash., was found guilty last November, after a nine-day jury trial, of four counts of wire fraud. Read More

From bitcoin ATMs to M&A: Seattle startup Coinme to be acquired by Polygon Labs

Coinme, a Seattle-based cryptocurrency startup that got its start more than a decade ago with a network of bitcoin ATMs,… Read More

Coinme to resume WA state operations after reaching interim deal with regulators

Seattle cryptocurrency company Coinme has reached an interim deal with Washington state regulators allowing it to resume operations after a temporary cease-and-desist order was stayed. The agreement follows allegations that the company improperly claimed more than $8 million owed to consumers from unredeemed crypto vouchers. Read More

Former startup CFO convicted of wire fraud for moving $35M in company funds to crypto side business

The former chief financial officer of onetime Seattle e-commerce startup Fabric has been convicted of four counts of wire fraud… Read More

Inside the Seattle courtroom where Binance’s founder received a controversial prison sentence

Binance founder Changpeng “CZ” Zhao sat up straight in his chair inside a Seattle courtroom Tuesday morning, his hands folded… Read More

Bittrex says SEC lawsuit is part of ‘crusade’ to drive crypto out of U.S.

Seattle-area crypto exchange Bittrex responded to a lawsuit filed by the U.S. Securities and Exchange Commission, claiming that the legal… Read More

Crypto exchange Bittrex shutters U.S. operations, blames regulatory environment

Bellevue, Wash.-based crypto exchange Bittrex announced Friday it was “winding down” its U.S. operations. A post from Bittrex co-founder and… Read More

Moonstone Bank, the Washington state bank with ties to FTX, will wind down crypto operations

Moonstone Bank, the digital lender with ties to FTX, announced this week it will wind down plans to offer banking… Read More

‘This too shall pass’: Why crypto leaders are still optimistic about the industry amid FTX fallout

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… Read More

SEC sues Dragonchain, alleging that $16.5M in crypto sales were illegal securities offerings

Dragonchain, a cryptocurrency company based in Bellevue, Wash., was sued Tuesday by the Securities and Exchange Commission on allegations that… Read More

Do crypto assets = securities? SEC’s suit vs. former Coinbase employee in Seattle causes uproar

The U.S. Department of Justice unsealed charges Thursday against a former Coinbase employee in Seattle, his brother, and a friend,… Read More

Seattle startup raises $14M to fuel ambitious plan for a social network built on the blockchain

Metaverse. Web3. Cryptocurrency. Blockchain. NFTs. Peer’s got it all. The new Seattle-based startup riding all the latest tech trends recently… Read More

Several avatars chat at a coffee house in Second Life.

‘Second Life’ creator shares lessons learned from one of the world’s first metaverses

Philip Rosedale has spent a lot of time thinking about the “metaverse,” long before it became a buzzword in today’s tech… Read More

‘Storybook Brawl’ developer acquired by crypto exchange firm FTX

Good Luck Games, the Olympia, Wash.-based studio behind the digital card game Storybook Brawl, has been acquired by the Chicago… Read More

Seattle startup Stack wins $100K top prize in Madrona Venture Labs’ Launchable Web3 event

Stack, a Seattle startup intent on making cryptocurrency and modern finance accessible for Gen Z, took the top prize at… Read More

Betterment gets into crypto with acquisition of Seattle startup Makara

Investment advisor Betterment has agreed to acquire Makara, a Seattle startup that helps people invest in cryptocurrency. “Makara is to… Read More

Further embracing tech, Seattle Kraken to release NFT collection that captures ‘essence of brand’

The puck has dropped and the first season of Seattle Kraken hockey is in full swing. Now the team is… Read More

Nonprofits accept cryptocurrency as Bitcoin and Ether values spike – is it a fad or the next frontier?

As the values of Bitcoin and Ether are hovering near record highs, America’s nonprofits are in the peak months of… Read More

Why this 20-year-old entrepreneur started a VC firm to bankroll early stage crypto startups

Atul Ajoy founded his own startup as a teenager. So it only makes sense that he would be running his… Read More

Steam quietly bans games that feature crypto/NFT exchanges

Games and other applications that involve minting or trading cryptocurrency or non-fungible tokens are no longer allowed on Steam. The… Read More

Putting the Nirvana in NFT: Photographer Charles Peterson digs into grunge archives for digital debut

The look on Kurt Cobain’s face might just say it all — like someone in 1991 just explained to him… Read More

Cryptocurrency startup TaxBit, which just opened a new HQ in Seattle, lands $130M at $1.33B valuation

TaxBit, a cryptocurrency tax and accounting firm which opened a second headquarters in Seattle this summer, has raised $130 million… Read More

After landing NBA jersey sponsorship deal, crypto startup StormX raises $9M

Seattle cryptocurrency startup StormX raised $9 million from Optimista Capital to fuel growth of its platform that lets users earn cryptocurrency… Read More

How this Seattle entrepreneur went from running a food truck to leading a fast-growing crypto startup

More than a year after shutting down his popular Korean-Mexican food truck and catering business Bomba Fusion, Seattle entrepreneur Simon… Read More

Coinme, a Seattle startup that is ‘crypto-enabling’ legacy financial services, raises $10M

Seattle-based cryptocurrency startup Coinme raised $10 million in new funding from existing investors, the company confirmed to GeekWire. Coinme allows… Read More

Washington state launches center to cater to — and potentially regulate — crypto and fintech companies

Facing explosive growth in NFTs and cryptocurrencies coupled with vague regulations for the wave of new financial technology and investment… Read More

Crazy for crypto — or not: Seattle VCs sound off on tech’s hottest topic following Coinbase IPO

Sometimes, making an exception can pay off. That’s what happened to Version One Ventures, which typically invests in early-stage startups… Read More

CoinFlip brings cryptocurrency ATMs to Washington state as demand soars for bitcoin-buying machines

CoinFlip, a supplier of cryptocurrency ATM machines, is bringing the ease of bitcoin transactions to locations across Washington state. The… Read More

eSports betting startup Unikrn to pay $6.1M in SEC settlement over unregistered initial coin offering

Seattle startup Unikrn will pay a $6.1 million fine and disable its UnikoinGold (UKG) cryptocurrency to settle Securities and Exchange… Read More