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FTX Bankruptcy: Judge Delays Decision on Appointing Independent Examiner Amid Cost Concerns

7.2.2023
Judge John Dorsey has delayed his decision on whether to appoint an independent examiner in the FTX case. At the latest hearing, Dorsey acknowledged that the cost to debtors could reach tens of millions of dollars. Currently, the bankruptcy judge is hopeful that the issue will be resolved through...

South Korean CEO Jailed for ‘Misappropriating’ Partner Firm’s Ethereum Funds

7.2.2023
A South Korean CEO has been sentenced to five years in prison for “misappropriating” $2.4m worth of ethereum (ETH) from a partner company. Per the media outlet Delight, the 43-year-old man, identified only by his surname (Chae), is the head of a “marketing agency” that deals with crypto funds....

Crypto Custody Tech Firm Metaco Taps IBM Execs to Revamp Institutional Push

7.2.2023
The Swiss crypto tech provider hired IBM’s Peter DeMeo as head of product, as well as former IBM lead architect, Angel Nunez Mencias

Ark Invest Expects Bitcoin to Become a Multitrillion-Dollar Market — Predicts BTC Price Could Reach $1.48 Million

7.2.2023
Investment management firm Ark Invest says bitcoin is “likely to scale into a multi-trillion dollar market.” In its new report, the firm offers three bitcoin price predictions, including a bull case where bitcoin could rise to $1.48 million per coin. Ark Invest CEO Cathie Wood sees...

Blockchain Analytics Firm Elementus Triples in Valuation Despite Crypto Winter

6.2.2023
Elementus increased its valuation significantly from a little more than a year ago in a new $10 million fundraise

FTX Being Advised by Cybersecurity Firm Sygnia on Hack Inquiry, CEO Ray Says

6.2.2023
The crypto exchange’s current chief executive blasted weak cybersecurity controls at the company under Sam Bankman-Fried’s leadership

Brazilian Fintech Company Capitual Partners With Azimut to Offer Crypto Services in European Markets

6.2.2023
Capitual, a Brazilian fintech company that offers cryptocurrency intermediation services, has partnered with Azimut, an asset management firm, to expand its service offer to Europe. The deal, which contemplates an investment of €15 million (about $16.2 million), would allow Capitual to start...

Hodlnaut works with potential buyers to sell firm and FTX claims: Report

6.2.2023
Hodlnaut’s court-appointed judicial managers are reportedly in the process of signing non-disclosure agreements with the potential buyers

Dingo crypto token flagged as scam over 99% transaction fee backdoor

6.2.2023
Cybersecurity firm Check Point said it discovered a smart contract function called "setTaxFeePercent" which can reportedly change the contract's buy and sell fees

Google invests $300M in AI firm previously funded by Sam Bankman-Fried

5.2.2023
Members of Crypto Twitter are speculating whether Bankman-Fried and FTX will source the reported $530 million invested in Anthropic to pay off FTX creditors

Google Backs AI Firm Anthropic With $300 Million, Following Series B Investment From Controversial FTX Co-Founder

4.2.2023
As the artificial intelligence (AI) wars intensify, the AI firm Anthropic has raised $300 million from Google and sources say that the tech giant will get roughly a 10% stake in the AI company. Interestingly, in April 2022, Anthropic raised approximately $500 million from sources including...

Hackers Stole $3.8 Billion From Crypto Firms in 2022, Says Chainalysis

4.2.2023
Blockchain analytics firm Chainalysis says 2022 was “the biggest year ever for crypto hacking,” with $3.8 billion stolen from cryptocurrency businesses. The firm added that decentralized finance (defi) protocol hacks accounted for 82.1% of all cryptocurrency stolen by hackers during...

Crypto VC Firm Pantera Loses Co-CIO Joey Krug

3.2.2023
A newly-formed executive committee will absorb Krug’s duties, according to a letter to limited partners

Crypto Software Firm President: We're Trying to Make California’s DMV More Efficient With Blockchain

2.2.2023
Car titles that once lived on paper will be reflected as digital assets on-chain, reducing the need for paper title transfers. Andrew Smith, president of blockchain software company Oxhead Alpha, discusses why his firm is turning to the Tezos blockchain to build out the protocol

Fund Management Giant State Street Increases Stake in Silvergate to 9.3%

2.2.2023
State Street disclosed a 9.3% stake in troubled crypto lender Silvergate Capital (SI) as of Dec. 31, according to a filing Thursday with the Securities and Exchange Commission (SEC)

Blockchain Analytics Firm Chainalysis to Cut Jobs in Reorganization

2.2.2023
The cuts will reportedly affect less than 5% of Chainalysis' staff, or about 40-50 people

London Crowned World’s Leading Cryptocurrency Hub, According to Study

2.2.2023
According to research from Recap, a cryptocurrency tax software company, London has become the world’s leading hub for cryptocurrencies. The researchers analyzed eight indicators, including the number of cryptocurrency businesses and the quantity of cryptocurrency ATMs in each country....