Tag Archives: Crypto

Latest: A16z Crypto Leads Justin Kan’s $14M Raise to Construct Shopify for Web3

Quick take: A16z Crypto has invested in Justin Kan’s recent web3 startup Rye. The web3 enterprise capital firm led the $14 million fundraising, which also attracted participation from Goat Capital and Solana Ventures amongst others. Kan and his co-founders will use the funds to speed up the development of the Rye platform, dubbed the Shopify […]

Maple Finance Goals to Be the Shopify of Crypto Lending

Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) Last week Maple Finance, a credit-facility-as-a-service platform, announced that it had spun up a recent $300 million lending facility for troubled Bitcoin miners. This implies all those crypto miners struggling to show a profit in the present bear market now have a lending hand. For that service, though, […]

Reversible transactions can play a key role in driving adoption of crypto.

The irreversibility of blockchain transactions is often touted as proof of crypto’s security. Because a Transactions can’t be undoneScammers cannot charge back money they have already transferred to buy a product. It provides the ultimate level of protection for sellers – especially those who might have been burned in the past using a third-party servicePayPal […]

Court Won’t Pause Crypto Users’ Shopify Data Breach Suit

By Ryan Harroff (August 26, 2022, 6:17 PM EDT) — A Delaware federal judge on Friday denied e-commerce platform Shopify’s bid to pause a category motion brought against it over a knowledge breach that ultimately cost some cryptocurrency users their digital wallets, stating within the order that the stay would haven’t any positive effect. U.S. […]

Shopify Wants Crypto Owners’ Security Breach Suit Tossed

By Ben Kochman (July 11, 2022, 6:17 PM EDT) — Canadian e-commerce giant Shopify has urged a Delaware judge to toss a suit brought after a 2020 data security incident, arguing that the case does not belong in the U.S. and that consumers impermissibly lumped together three separate corporate entities.  In court papers filed Friday, Shopify’s attorneys […]