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One of the Richest People in Crypto Just Bought a 9.3% Stake in Silvergate Capital, Becomes Largest Shareholder
24.11.2022
Brendan Blumer, known as one of the creators of the EOS blockchain and one of the richest people in the crypto space, has bought a 9.3% stake in the crypto-friendly bank Silvergate Capital, a new SEC filing has revealed.
The large stake taken by Blumer means that the Hong Kong-based crypto...
IMF Blog: Better Regulation of Africa’s Growing Crypto Market Urgently Needed
24.11.2022
A well-regulated African cryptocurrency market is needed in order to protect users as well as help countries stop bad actors from using digital assets to circumvent capital controls, the latest post on the IMF blog has said. The blog post reiterated the IMF’s belief that risks to a country...
Block.one and its CEO become largest Silvergate Capital shareholders
23.11.2022
Block.one, the original developer of the EOSIO blockchain platform, has bought into Silvergate, which bought Meta’s Diem stablecoin project, have joined up
Genesis Global Capital Confirms Hiring Investment Bank Moelis, Talks With Potential Investors
23.11.2022
Genesis also started talks with its largest creditors and borrowers, including Gemini and DCG, to agree on a solution
Venture Capital Firm Sequoia Apologizes to Fund Investors for $150 Million Loss on FTX
23.11.2022
In a rare move, American venture capital firm Sequoia Capital reportedly apologized to its fund investors for the $150 million it had lost on the now-bankrupt crypto exchange FTX.
The apology was reported by the Wall Street Journal, citing people familiar with the matter. Sequoia’s partners...
Report: Kenyan Lawmaker Proposes Introducing Crypto Income and Capital Gains Tax
23.11.2022
According to a capital markets amendment bill reportedly sponsored by Kenyan lawmaker Abraham Kirwa, cryptocurrency holders in the country will be obliged to pay taxes on gains. In addition, the bill (if passed into law) would require crypto holders to furnish Kenya’s Capital Markets...
DCG Subsidiary Foundry to Acquire 2 ‘Turnkey’ Bitcoin Mining Facilities From Compute North
23.11.2022
Digital asset mining and staking firm Foundry has agreed to purchase two “turnkey” bitcoin mining facilities from Compute North, a bitcoin miner that filed for Chapter 11 bankruptcy protection on Sept. 22, 2022. Foundry says the two data centers have a total power capacity of around...
Genesis calls in restructuring expert in its fight to avoid bankruptcy
23.11.2022
It is understood Moelis & Company has been brought on to help the troubled lending firm explore all possible options
Genesis Global Capital Has Hired Investment Bank Moelis to Explore Options Including Bankruptcy: New York Times
22.11.2022
Separately, the CEO of Genesis' parent company disclosed that it had a roughly $575 million liability to Genesis
Billionaire Bill Ackman: Crypto Enables Creation of Useful Businesses and ‘Is Here to Stay’
22.11.2022
According to Bill Ackman, billionaire and CEO of Pershing Square Capital Management, while crypto tokens are used by unethical promoters to perpetuate fraud, they “can enable the formation of useful businesses.” A previous critic of digital assets, Ackman insists that “crypto...
Crypto Firm Genesis Struggles to Raise Fresh Capital, In Talks with Binance – Next Domino to Fall From FTX Contagion?
22.11.2022
The troubled crypto trading firm Genesis is reportedly struggling to raise fresh funds for its lending unit - and may be headed into bankruptcy.
According to Bloomberg, citing people with knowledge of the matter, the company has spent the past several days looking to raise a minimum of $1 billion...
Billionaire investor Bill Ackman says 'crypto is here to stay'
21.11.2022
Bill Ackman’s conviction on crypto comes as much of the community attempts to regain confidence in the industry following the FTX fallout
Bitcoin Financial Services Firm Unchained Capital Cutting Staff, Reshuffling Management
18.11.2022
While the company has no exposure to FTX, the extended Bitcoin bear market is taking a toll on parts of the business
FTX will be the last giant to fall this cycle: Hedge fund co-founder
18.11.2022
This bear market has seen the collapse of Celsius, Three Arrows Capital, Voyager, and now FTX, but the worst is likely over, a hedge fund executive suggests
Binance CEO CZ Calls SBF a ‘Psychopath,’ 3AC Co-Founder Accuses FTX, Alameda of Stop Hunting His Hedge Fund
17.11.2022
During a conversation with Binance CEO Changpeng Zhao (CZ) and the Milken Institute, the exchange executive called the former FTX CEO Sam Bankman-Fried (SBF) a “psychopath” for one of the tweets SBF wrote last week. CZ’s statements further follow the accusations stemming from Three Arrows Capital...
Grayscale Declares 'Business as Usual' Despite Sister Company Genesis Global Capital Suspending Withdrawals
16.11.2022
Grayscale said that "Genesis Global Capital is not a counterparty or service provider for any Grayscale product."
zkSync developer Matter Labs raises $200M, commits to open-sourcing platform
16.11.2022
Over 150 projects, including Chainlink, Uniswap and Aave, have signaled their intent to deploy on the layer-2 blockchain
Pantera Capital Believes Bitcoin Will Hit $150,000 Soon, Here’s How and When
16.11.2022
Crypto asset manager Pantera Capital believes bitcoin (BTC) will hit close to $150,000 sometime in the first half of 2025, while also hinting that this cycle’s bottom could be right around the corner.
The predictions about the BTC price and what will happen after the next Bitcoin halving came...
New Development: Sam Bankman-Fried is Attempting to Raise New Capital to Fix FTX Problem
16.11.2022
Founder and former CEO of FTX Sam Bankman-Fried is striving to raise fresh capital in a bid to make customers whole despite bankruptcy filings.
In a recent Twitter thread, he is "meeting in-person" with both potential investors and regulators to do what they can for customers. "And after that...
Paradigm co-founder feels 'deep regret' investing in SBF and FTX
16.11.2022
Some challenged whether the multi-billion dollar venture capital firm did enough due diligence on FTX prior to investment