Bitcoin crash is crushing Coinbase. Stock plunges again — CNN

Coinbase shares plummeted more than 25% Wednesday and hit their lowest level ever, writes Paul R. La Monica. Here is the link:

Flow launches $725M Blockchain development fund with A16z, Digital Currency Group and other investors...

NBA Top Shot’s host blockchain, Flow, is getting a $725 million boost through a new ecosystem fund backed by its developer’s company’s investment arm, Dapper Ventures, and a high-profile group of...

Zynga hires Matt Wolf as VP of blockchain gaming

Zynga has appointed Matt Wolf as its vice president, Blockchain Gaming.

Alchemy raises $250M

Alchemy, a developer platform for blockchain and Web3, has raised a $250 million Series C round of funding.

DeFi bug accidentally gives $90 million to users, founder begs them to return it...

About $90 million has mistakenly gone out to users of Compound, a popular decentralized-finance staking protocol, and the founder is begging users to voluntarily return the tokens, writes MacKenzie Sigalos. Here is...

El Salvador has just started mining bitcoin using the energy from volcanoes — CNBC

El Salvador has mined 0.00599179 bitcoin, or about $269, with power harnessed from a volcano, in a first for the country, writes MacKenzie Sigalos. Here is the link:

Bitcoin and ether slide as China intensifies crackdown on cryptocurrencies — CNBC

The declines come after the People’s Bank of China said all crypto-related activities are illegal, writes Ryan Browne. Here is the link:

NFTs, explained — The Verge

What is an NFT, anyhow? Mitchell Clark explains beautifully:

SoftBank leads $680 million funding round in NFT fantasy soccer game Sorare — Reuters

Blockchain-based fantasy soccer game Sorare has raised $680 million in a funding round led by SoftBank, writes Elizabeth Howcroft. Here is the link:

El Salvador bought $21 million of bitcoin as it becomes first country to make...

El Salvador bought 400 bitcoin worth about $20.9 million, one day before it formally adopts the world’s most popular cryptocurrency as legal tender, writes Arjun Kharpal. Here is the link:

Simba Chain raises $25M

Blockchain startup Simba Chain has closed a $25 million Series A funding round.

Now that China has all but banned cryptocurrencies, GPU prices are falling like Bitcoin...

Prices for graphics processors in China have plummeted following the nation's crackdown on cryptocurrency mining, ownership, and trading, writes Katyanna Quach. Here is the link:

Mphasis, R3 partner to create blockchain-enabled payment solutions

Mphasis, an Information Technology (IT) solutions provider specializing in cloud and cognitive services, has inked an partnership with R3.

Square invests $50M in bitcoin

Square, the payments company with Jack Dorsey at the helm, has purchased approximately 4,709 bitcoins at an aggregate purchase price of $50 million.

Sixty Coinbase employees take buyout offer over “no politics” rule — Ars Technica

Sixty Coinbase employees have accepted a buyout offer after CEO Brian Armstrong announced a controversial new policy curbing political activism inside the company, writes Timothy Lee. Here is the link: