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3AC bankruptcy process faces challenges amid unknown whereabouts of founders
2.12.2022
The liquidators claim Zhu Su and Kyle Davies are located in Indonesia and the Emirates, where foreign court orders are difficult to enforce
Animoca creates billion-dollar metaverse fund for developers
2.12.2022
The company’s co-founder announced that the fund is still in the works but plans to provide billions to startups with a metaverse focus
Thai VC fund acquires troubled exchange Zipmex for $100M: Report
2.12.2022
Zipmex reportedly plans to use crypto assets received from the acquisition to unlock frozen customer accounts on the platform by April 2023
Animoca Brands announces $2 billion Metaverse fund for startups
2.12.2022
Animoca Brands, a blockchain gaming group based out of Hong Kong, recently announced a metaverse fund. The platform released an official tweet to announce the 2 billion dollars fund to focus on mid to late-stage startups. According to Yat Siu, the co-founder of Animoca, the fund will act as a good...
Animoca Brands Plans $2 Billion Metaverse Fund to Support Established Projects
2.12.2022
Animoca Brands, the parent company of metaverse projects like The Sandbox, has announced it plans to launch a $2 billion metaverse fund. The new fund, which would be focused on returns for potential investors wanting to get more Web3-related capital exposure, will focus its activities on companies...
‘Big Short’ Investor Michael Burry Warns of Extended Multi-Year Recession in US
2.12.2022
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned about “an extended multi-year recession” in the U.S. He believes there isn’t a strategy to pull us out of “this real recession.” Michael Burry’s Recession Warning Famous...
Kevin O’Leary, Bill Ackman Slammed for Defending Sam Bankman-Fried — ‘I Think SBF Is Telling the Truth’
2.12.2022
Shark Tank star Kevin O’Leary and billionaire hedge fund manager Bill Ackman have been slammed for stating that they believe Sam Bankman-Fried (SBF) was telling the truth that he “didn’t knowingly commingle funds.” The former CEO of the collapsed crypto exchange FTX also...
Fantom wants to cut token burn rate by 75% to fund dApp rewards program
1.12.2022
"Fantom will become the youtube/twitch of blockchain platforms," commented ecosystem architect Andre Cronje
Mobius Capital Fund Manager Reveals His Downside Target for Bitcoin, but Says Digital Assets are Here to Stay
30.11.2022
The veteran investor Mark Mobius has said bitcoin (BTC) could fall to the $10,000 level, but he is still amazed by how well bitcoin prices “have held up” in the currently bearish environment....
Read More: Mobius Capital Fund Manager Reveals His Downside Target for Bitcoin, but Says Digital Assets...
Today in Crypto: Komodo Launches AtomicDEX Web, Animoca Plans a $2 Billion Fund to Invest in Metaverse Firms, SEBA Opens Hong Kong Office
30.11.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Komodo Launches AtomicDEX Web, Animoca Plans a $2 Billion Fund to Invest in Metaverse Firms, SEBA Opens...
Ton Steward Looks to Draw Projects to its Ecosystem With $126M Rescue Fund
30.11.2022
The stewards of the TON network have set up a 'rescue fund' with a soft commitment of $126 million to support projects experiencing liquidity problems as a result of the FTX fallout
NFT Investor Animoca Brands to Start $2B Metaverse Fund: Report
30.11.2022
Non-fungible token (NFT) and gaming investor Animoca Brands plans to set up a fund worth as much as $2 billion to invest in metaverse businesses, the firm's co-founder has said in an interview, Nikkei Asia reported Wednesday
CrossTower to acquire institutional prime brokerage BEQUANT
30.11.2022
It comes after months of window shopping by CrossTower as crypto companies are still looking to expand despite the crypto market downturn
Crypto fund investment still dominated by the United States: Database
28.11.2022
Crypto database shows that most firms are venture capital at 52.8%, followed by hedge funds with 44.3% and then private equity and mutual funds at 2.9%
Three Arrow’s Su Zhu reveals latest attempts at a comeback post-FTX
28.11.2022
The fall of FTX appears to have brought back certain crypto "villains” out from hiding, one even wants to start a new podcast series
UK Bank Starling Blocks Payments to Crypto Platforms — Claims Crypto Is High Risk, Heavily Used for Criminal Purposes
26.11.2022
Starling Bank has informed its customers that the bank no longer supports fund transfers to cryptocurrency platforms, including crypto exchanges. The bank stated that cryptocurrencies “are high risk and heavily used for criminal purposes and, as such, we no longer support them.”...
First Mover Americas: Binance Increases Recovery Fund, wBTC Loses Its Peg
25.11.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 25, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Binance Launches Billion-Dollar Crypto Industry Recovery Fund to Restore Confidence After FTX Meltdown
25.11.2022
Binance has committed $1 billion to a crypto industry recovery initiative to restore confidence following the collapse of crypto exchange FTX. Several other crypto companies have joined Binance’s efforts and committed capital for the recovery fund. Crypto Industry Recovery Initiative Launched...
International Monetary Fund Calls For Increased Regulation of African Crypto Markets, Says ‘Risks From Crypto Assets are Evident’
25.11.2022
The International Monetary Fund (IMF) has called on African countries to opt for more crypto regulations citing the recent collapse of cryptocurrency exchange FTX.
In a November 22 blog, the financial agency, which works to achieve sustainable growth and prosperity for all of its 190 member...
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