• Alchemy launches publicly

    Jay-Z, Coinbase backed blockchain developer platform launches publicly

    Alchemy describes itself as a ‘quiet giant’ in the industry given that its tools are already used by 70% of top Ethereum applications

    Alchemy has gained substantial momentum during its closed beta phase—and according to the company, it now provides infrastructure and tools for 70% of top Ethereum applications. The platform is also a big player in the decentralized finance space, and said its technology supports 60% of the total assets locked in DeFi protocols, an estimated $2.8 billion.

  • 11 crypto firms sued illegal ICOs
    Cryptocurrencies,  People,  Regulation

    Crypto faces ‘The man who took on Wall Street’

    On the day before the statute of limitations expired, the lawyer who extracted $25 billion from banks over the subprime mortgage crisis sued 11 cryptocurrency firms for holding illegal ICOs

    Eleven cryptocurrency issuers and exchanges including Tron, Block.one, and Binance were hit with class action lawsuits last week for holding or supporting initial coin offerings. Ominously, they were filed by a group of lawyers led by Philippe Selendy, who the Financial Times called “The man who took on Wall Street” after he forced 16 major banks including Citigroup, Goldman Sachs, and JPMorgan Chase to pay $25 billion for their part in the subprime mortgage crisis that sparked the Great Recession of 2007.