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Iceberg Capital Teams Up With Venom to Create $1 Billion Blockchain Fund
12.1.2023
Abu Dhabi-based blockchain platform Venom Foundation and investment manager Iceberg Capital revealed a $1 billion venture fund focused on blockchain and Web3 companies.
The news was shared on Twitter by the foundation on Wednesday. ...
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Ondo brings US treasuries & Institutional-Grade Bonds On-Chain
12.1.2023
Ondo Finance recently announced tokenized US treasuries and bonds on Twitter. The latest tweets by Nathan Allman talk about helping stablecoin users invest in US Treasuries. The platform will facilitate it through a bankruptcy-remote, daily liquid, tokenized fund through licensed service providers....
FTX Says it Has Secured Assets Worth $5 Billion in First Ray of Light for Creditors
12.1.2023
Bankrupt crypto exchange FTX has recovered over $5 billion in cash and liquid assets that may be used to repay creditors, a lawyer of the platform has said during a bankruptcy court hearing.
On Wednesday, FTX attorney Andrew G. Dietderich said in federal court in Wilmington, Delaware that they...
WazirX Releases Proof of Reserves, Around 20% of Holdings are in Shiba Inu
11.1.2023
Indian crypto exchange WazirX has released its Proof of Reserves (PoR), sharing wallet addresses and digital asset holdings. Notably, Shiba Inu accounts for the largest proportion of assets on the exchange as over 19% of its holdings are in the form of the meme coin....
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Did Sam Bankman-Fried in Effect Pay VC Firms Like Paradigm to Invest in FTX in a Circular Funding Arrangement?
11.1.2023
New revelations indicate that there were some close links between Sam Bankman-Fried, the disgraced founder of collapsed cryptocurrency exchange FTX, and some of his major backers.
According to a new report by the Financial Times, Bankman-Fried invested $20 million in a fund managed by crypto...
Astar Network launches XVM as the 1st milestone of their 2023 checklist
11.1.2023
Astar Network happens to have successfully carried out the launching of their Cross-Virtual Machine (XVM) and effectively positioned it on the Shibuya testnet. The XVM, in its turn, will provide interoperability between the Ethereum Virtual machine and the WebAssembly smart contract environments....
ConsenSys announces an exclusive launch of zkEVM Private Beta
11.1.2023
ConsenSys recently announced the launch of its zkEVM private beta. The news came through Twitter, where ConsenSys talked about opening the beta only for selected users. The roll-up capitalizes on years of research conducted by ConsenSys, offering complete EVM compatibility. It allows developers...
Cameron Winklevoss Calls for DCG Board to Sack Barry Silbert
11.1.2023
Cameron Winklevoss, co-founder of cryptocurrency exchange Gemini, has written an open letter to the Digital Currency Board (DCG) board, asking for the removal of the venture capital firm's CEO Barry Silbert....
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Keystone partners with Keplr & enhance user security
11.1.2023
Keystone published an official blog post to announce its integration with Kelpr, a wallet software in the Cosmos ecosystem. The integration is essential to achieve the objective of providing an added layer of security to the users in the ecosystem. Moreover, the collaboration will provide...
Logan Paul Drops Threat of Lawsuit Against Coffeezilla But Will Alleged Victims Get Money Back?
10.1.2023
Popular influencer and professional wrestler Logan Paul has dropped his threat of a lawsuit of YouTube journalist Coffeezilla after being accused of running a crypto investment scam.
“Hey all, just wanted to update you. I deleted my initial response to Coffee's series. It was rash and misaligned...
Coinbase Announces Third Round of Layoffs, Reduces Headcount by 950 Employees
10.1.2023
Major cryptocurrency exchange Coinbase has announced its third round of layoffs amid the ongoing bear market, reducing its headcount by a total of 950 employees, or 20% of its workforce. ...
Read More: Coinbase Announces Third Round of Layoffs, Reduces Headcount by 950 Employees
Argentina Wants Citizens to Declare Their Crypto Holdings
10.1.2023
Argentina’s finance ministry is set to launch a draft bill that would essentially force citizens to declare their crypto holdings – or risk paying hefty tax penalties.
Per Errepar, the bill has been spearheaded by Sergio Massa, the Minister for the Economy. The draft law aims to tighten...
These Businesses Will be The Survivors of the Crypto Winter, Says a Top Financial Services Lawyer
10.1.2023
Crypto companies that keep their faith in the sector, and that are able to harness the value of traditional risk management and compliance, will survive the crypto winter, one leading financial services lawyer has argued....
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Financial Bubbles Expert: Crypto a Bubble Like No Other or a Ponzi Scheme. Is He Right?
10.1.2023
Some financial experts with a specialty in bubbles believe crypto is either one of the biggest bubbles in history or a smart Ponzi scheme not seen before.
2022 can be considered one of the worst years for the crypto ecosystem as a number of high-profile DeFi and CeFi platforms collapsed. Among...
Wintermute is Now One of the Biggest Market Makers in Crypto and Has Birthed 36 Millionaires
10.1.2023
Wintermute, a leading global crypto market maker, has paid its 36 British staff a total of $83 million in 2021, suggesting that the crypto company gave birth to 36 new millionaires.
According to its newly filed annual report, Wintermute paid its 36 UK staff $83 million in 2021, meaning the firm...
Crypto Exchange Bithumb Hit With Tax Investigation, Prosecutors Grill ‘Major Shareholder’
10.1.2023
The South Korean crypto exchange Bithumb has been hit with a double whammy from the South Korean tax and legal authorities – with the exchange made the subject of a “special” tax investigation. And prosecutors have summoned its suspected largest shareholder for questioning.
Chosun reported that...
EIP – 5988: A new proposal to develop interoperability between EVM & ZK powered rollups
10.1.2023
Abdelhamid Bakhta, one of the authors of Proposal 5988, presented the proposal during the All Core Devs, a bi-weekly meeting for leading developers to discuss the future of upgrades. The proposal aims to enhance interoperability between EVM and ZK-powered rollups while lowering the cost that...
The DOJ Seizes $500M of Robinhood Shares Tied to Bankman-Fried
9.1.2023
The US Department of Justice has retained control of the contested 56 million shares of Robinhood, a popular financial trading app, worth approximately $500 million.
In a January 6 court filing, the DOJ notified the court handling the bankruptcy of BlockFi that it has seized 55,273,469 shares...
North Korean Crypto Hacks to ‘Surge’ This Year, Say Experts
9.1.2023
A “surge” in North Korean crypto hacks is on its way in 2023, a security provider has claimed.
The South Korean media outlet Money S reported that Panda Security, a Spanish cybersecurity software firm, predicted a “surge in fraudulent activities” and attempts to “steal virtual assets” in the year...
Wyre Limits Client Withdrawals to 90% so it Can ‘Navigate the Current Environment’
9.1.2023
The crypto-focused payments provider Wyre has limited withdrawals for its clients to 90% of funds held in the account, citing a need to “navigate the current market environment.”
"We are modifying our withdrawal policy. While customers will continue to be able to withdraw their funds, at this...