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Binance Allocates Another $1B for Its Crypto Recovery Fund
25.11.2022
Other prominent crypto players, including Aptos Labs and Jump Crypto, have also joined Binance's initiative
Binance says its Industry Recovery Initiative has 7 enrollees, 150 applicants
24.11.2022
The initiative was announced Nov. 24 by CEO Chengpang Zhao (CZ) as an effort to “protecting consumers and rebuilding the industry.”
Jump Crypto, Aptos Labs Commit to Binance-Led $1B Recovery Fund
24.11.2022
Several prominent crypto companies including Aptos Labs and Jump Crypto will contribute $50 million to the planned $1 billion Industry Recovery Initiative (IRI)
Binance aims to allocate $1 billion for crypto recovery fund
24.11.2022
Binance CEO Changpeng Zhao is aiming to stockpile $1 billion for an industry recovery fund
Binance Targets $1B Recovery Fund for Distressed Crypto Assets: Bloomberg
24.11.2022
The Binance fund will be open to contributions from other industry players
Bitcoin regains the $16k mark: Will BTC continue the recovery?
23.11.2022
Bitcoin is a leading cryptocurrency that runs on a Proof of Work consensus. After the FTX liquidity crisis, investors started questioning the sustainability of decentralized crypto networks, especially small and mid-caps, because it is not regulated by any central authority. Loss of value means...
Steps to Crypto Recovery: Where ‘We’ Go From Here
22.11.2022
The FTX is a wake-up call for everyone in the industry. And, no, regulation isn't going to save us next time, any more than it would have this time
Binance CEO denies report firm met with Abu Dhabi investors for crypto recovery fund
22.11.2022
Changpeng Zhao first announced the fund following FTX filing for bankruptcy, saying it would be aimed at helping projects with liquidity issues, but was not for "liars or frauds."
Binance CEO Seeking Funds From Middle East Investors for Crypto Recovery Fund: Bloomberg
22.11.2022
Binance plans to start a recovery fund to help projects with strong fundamentals, but suffering from a liquidity crisis
Getting funds out of FTX could take years or even decades: Lawyers
21.11.2022
The complexities that come with digital assets, cross-border insolvency and competing jurisdictions could add years to the timeline
Ripple CEO Optimistic Crypto Industry Will Be Stronger After FTX Fiasco if Transparency and Trust Remain Its Focus
20.11.2022
The CEO of Ripple Labs, Brad Garlinghouse, believes that the crypto industry will come out stronger after the FTX meltdown if transparency and trust remain its key focus. He stressed the importance of having “honest conversations about solving real-world problems with crypto...
Ikigai Exec Says ‘Large Majority’ of Crypto Asset Management Firm’s Funds Stuck on FTX
14.11.2022
After Kevin Zhou, the co-founder of the hedge fund Galois Capital, revealed half of the firm’s assets were held on FTX, another crypto asset management firm called Ikigai detailed that “a large majority of the hedge fund’s total assets” were stored on FTX. Ikigai chief investment officer, Travis...
Binance Forming Crypto Industry Recovery Fund to ‘Reduce Further Cascading Negative Effects of FTX’
14.11.2022
Cryptocurrency exchange Binance is forming an industry recovery fund to “reduce further cascading negative effects of FTX,” said CEO Changpeng Zhao (CZ). “As an industry, we need to increase transparency,” the executive stressed. “We need to work very closely with...
Binance creates industry recovery fund to help projects struggling with liquidity
14.11.2022
Binance CEO Changpeng Zhao clarified that the project is for other potentially strong projects and not FTX, saying that “liars or fraud” would never qualify
Binance Starts Recovery Fund for Crypto Projects Facing Liquidity Crisis
14.11.2022
Tron founder Justin Sun said that Tron, Huobi Global and Poloniex will support Binance in its initiative
Cryptocurrency news: Big Eyes continues its impressive run, as Filecoin and PancakeSwap set for 10x increase
12.11.2022
Monitoring the daily events in the cryptosphere increases your chances of making profitable investments. The insights and predictions steer you in the right direction and reduce risk. Filecoin (FIL) and PancakeSwap, alongside the impressive Big Eyes (BIG), emerge as great options for your...
World’s Worst Performing Currency, the Cedi, Reverses Gains — Economist Steve Hanke Says Ghana Inflation Now Over 140%
10.11.2022
Just days after registering marginal gains against the U.S. dollar, the Ghanaian currency — the cedi — slipped to C14:$1 versus the U.S. dollar on the foreign exchange parallel market on Nov. 7. The cedi’s reversal is said to have dented the currency’s recovery prospects. On the other...
Solana erases its 'Google rally' gains but a 50% SOL price recovery is still in play
7.11.2022
Solana bulls show signs of countering the ongoing correction trend, raising anticipations that SOL price would recover in the coming months
Cronos on recovery mode: Can CRO cross the $0.15 mark?
7.11.2022
Cronos is an EVM-compatible chain that supports inter-blockchain communications. It allows easy porting of smart contracts and decentralized apps. It was launched in 2021 and powers the Crypto.com pay feature Indeed, Crypto.com is a payment company founded by Rafael Melo and Kris Marszalek, which...
Crypto Prices Bullish Once More - What’s Fueling the Recovery?
4.11.2022
Prices of major cryptocurrencies are again looking bullish, as traders eye hope that inflation has peaked, and attention shifts to the next US interest rate announcement.
The bullish price action in bitcoin (BTC), ethereum (ETH) and other major coins today came despite a more hawkish tone than...