Hackers abuse ‘chaotic’ Nomad exploit to drain almost $200M in crypto

Cross-chain messaging protocol Nomad has become the target of crypto’s latest nine-figure attack after hackers abused a “chaotic” security exploit to steal almost $200 million in digital assets. Nomad, a token bridge that allows users to send and receive...

You can’t afford a house, but you can probably afford Nada

Rents are going up in cities across the U.S., but the national homeownership rate has been steadily declining as prospective buyers grapple with low supply, weakening purchasing power and record-high costs. What if there was a way to invest in a city’s home...

Every startup wants an extension round, but there aren’t enough to go around

As venture funding continues to slow, founders are scrambling to extend their runways, regardless of how much cash they already have in the bank. But the startups that need the cash infusions the most are running into the most trouble. Last week, I wrote about the...

Looks like (some) neobanks will be OK after all

The fintech funding boom of the past several years saw huge amounts of capital flowing into so-called neobanks, digital financial companies offering banking services to markets general and niche. The overarching idea behind the push made sense — many traditional banks...

Yat founder Naveen Jain talks ’emoji identity’ and lasting web3 trends

As the crypto market continues to struggle, plenty of founders and investors are left wondering whether this latest bull run was all some grand fever dream or whether some of the trends of the past two years spell a new future for the consumer web. This week on...

As fundraising gets harder, founders should ask investors for a flat round

Matt Cohen Contributor Share on Twitter Matt Cohen, founder and managing partner of Ripple Ventures, was the founding investor of Turnstyle Solutions, which was acquired by Yelp in 2017. More posts by this contributor VCs and university endowments should partner to...