Former Deutsche Bank Employee Accused of Crypto Fraud Will Pay $1.5M
Rashawn Russell, a former employee of Deutsche Bank, has admitted to being involved in a scam to defraud 29 clients of the R3 crypto fund for a total of $1.5 million.
Base Adds a Security Monitoring Tool
Coinbase’s Base Layer 2 network has recently launched Pessimism, a monitoring system developed to enhance security oversight for networks within the Optimism ecosystem.
Venmo Adds Support for PayPal’s Stablecoin
Venmo, a peer-to-peer payment platform, will soon introduce PYUSD, the stablecoin offered by PayPal.
The SEC Puts its Eyes on Centralized Exchanges and DeFi Projects
In addition to Binance and Coinbase, other centralized exchanges (CEX) and decentralized finance (DeFi) protocols are also under investigation by the Securities and Exchange Commission (SEC).
Optimism Distributes $26.9M to 31,870 Addresses
The Optimism Collective DAO has distributed 19.4 million OP tokens, with a value of $26.9 million, to 31,870 active addresses on their second-level Ethereum network (OP Mainnet).
Aptos Labs Crypto Wallet Adds Support for Coinbase Pay
In order to simplify the process of introducing new users, Aptos Labs and Coinbase have collaborated to integrate Coinbase Pay into Aptos Labs’ crypto wallet, Petra.
a16z Web3-focused Startup Raises $25M
Bastion, a Web3 company founded by former executives from a16z crypto, has successfully raised $25 million in seed funding.
