Multicoin Expects FTX Contagion To Hold Industry In Its Grips For Weeks To Come

In a letter to its investors, one of the industry’s most notable crypto venture firms, Multcoin Capital, has revealed its thesis for the coming weeks. Managing partners Kyle Samani and Tushar Jain write in a 3,400-word letter that the FTX fiasco does not spell doom for the crypto industry, as critics like Peter Schiff and Nassim Taleb recently did. дальше »

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Jump Crypto denies rumors that it intends to wind down due to FTX losses

According to Jump Crypto, the firm is “one of the most well-capitalized and liquid firms in crypto.”

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Bakkt claims to have no financial exposure to troubled crypto firms

Bakkt Holdings has revealed that it has no exposure to FTX, FTT, Alameda, Genesis, or companies that have halted activities due to the ongoing contagion in the crypto markets. The company made this known in a press release on November… дальше »

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Grayscale claims commerce is continuing as normal with its assets

Greyscale has today officially announced in a recent statement that it would be pausing withdrawals amid the ongoing FTX crisis. This comes after several other firms also paused withdrawals amid the contagion. дальше »

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This Firm Offers 8 To 12 Cents On A Dollar Of FTX User Deposit Claims

The FTX crisis has escalated into a legal battle between bankrupt crypto exchanges and firms whose assets are stuck on its platform. Before FTX froze assets withdrawal, many crypto firms couldn’t recover their funds from the exchange. дальше »

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Crypto firms set to make a difference after the FTX washout

Following the fiasco of the Bahamas-based FTX empire owned by Sam Bankman-Fried, many crypto lords have decided to reposition themselves. This initiative is geared towards evading a similar scenario as the FTX bummer. дальше »

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Meaning of FTX Fall Depends on One’s Politics, US Senate Hearing Shows

The fallout of the FTX collapse has left U.S. lawmakers spinning two distinct narratives: Democrats hail their financial regulators as heroes whose caution saved the disaster from threatening the wider financial system, and Republicans argue it proves resistant agencies chased crypto firms away from the U.S. and into dangerous, unregulated territory. дальше »

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Binance Announces Recovery Fund For Crypto Firms In Liquidity Crisis

In light of the collapse of the cryptocurrency derivatives exchange, FTX, Binance CEO, Chanpeng Zhao, has proposed an ‘industry recovery fund’ to support large crypto projects facing liquidity problems. дальше »

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Attention KCS holders! This week may be far from your expectations because...

Crypto assets or firms, thanks to the FTX exposure, are either being dumped like FTT or closing shop like BlockFi. And allegedly KuCoin exchange’s exposure to FTX spooked users. Amidst the overall bThe post Attention KCS holders! This week may be far from your expectations because... appeared first on AMBCrypto. дальше »

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Crypto Companies Start Toppling Like Dominoes

Several crypto companies and firms are beginning to feel the extent of the damage of the FTX collapse, as some of them have funds stuck in the exchange. The post Crypto Companies Start Toppling Like Dominoes appeared first on BeInCrypto. дальше »

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Embracing Transparency: Gate.io makes its Merkle Tree Proof of Reserves (PoR) Solution Open-Source

Gate. io, in partnership with Aramanino LLP, has made its Merkle Tree Proof of Reserves solution, this being the second successful audit. The two firms conducted the first audit in 2020, which saw Gate. дальше »

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FTX latest: EU license at stake as asset freeze fuels crisis

Amid SBF’s rush to fund up to $8 billion to preserve FTX, several securities regulators have blocked the assets of a portion of Sam Bankman-crypto Fried’s empire and moved to appoint a liquidator for one of his firms. FTX’s Sam… дальше »

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FTX’s Australian entities enter FTX administration

Two Australian firms connected to FTX, which is on the verge of collapsing after rival operator Binance abandoned its purchase offer, have been appointed as administrators by the troubled global cryptocurrency exchange. дальше »

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Bahamas de-registers FTX, “preserving” assets

The Bahamas Securities commission released a statement regarding the FTX saga, stating that it had freezed FTX'x assets. According to the watchdog, the firms actions was against regulations put in place by gorverning bodies. дальше »

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FTX’s ‘Future Fund’ team, cites ‘deceit and dishonesty’

FTX 'future team', in a recent letter, revealed that they would be parting ways with FTX rooting the action to the dishonesty in the firm. This came just after the firms head of institutional sales also resigned. дальше »

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FTX still in crisis, Tether won’t invest

Tether CTO, speaking on twitter, Affirmed that Tether will not get involved in the FTX saga while responding to SBF's efforts to acquire loans from fellow crypto firms adding to the CEO's troubles. дальше »

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US lawmaker warns of ‘major consequences’ for users of unregulated crypto firms, citing FTX

“FTX’s FTT tokens are now worthless, and even worse, FTX.com customers are completely unable to access their funds,” said Maxine Waters. дальше »

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Coinbase, Tether, and Circle deny exposure to Alameda and FTX

Several crypto firms have come out to distance themselves with exposure to FTX crypto exchange and its sister firm Alameda amid the financial crisis facing the two firms. This comes after calls from the crypto community for transparency to let users know if there is any risk. дальше »

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UK Asset Management Giant Abrdn Leads Archax $28.5M Funding Round

Abrdn, one of the U.K.'s biggest asset-management firms, has backed a $28.5 million Series A funding round into digital asset exchange Archax. Abrdn became the firm's largest external shareholder earlier this year. дальше »

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Bitcoin Miners Think Outside The Box To Survive Crypto Winter As Top Firms Look Beyond Web3

The crypto winter has seen prices of digital assets take a nosedive, with market leader Bitcoin (BTC) losing over 55% of its value since the start of the year as miners clutch at straws to stay afloat. дальше »

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Crypto Financial Firm Galaxy Digital Reveals $76.8M FTX Exposure as CEO Novogratz Hunkers Down

The firms also reported a net loss of $68.1 million for the third quarter. дальше »

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Founders should consider VC firms their allies as they build in the bear market

Venture capital firms offer value to startups beyond simply cash. They also bring business experience, broad networks and critical services to the table. дальше »

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USDC Issuer Circle Plans To Pour Investment In Circle Reserve Fund Amid Bearish Market

The USDC issuer has started investing funds into its CRF (Circle Reserve Fund) to ensure that holders can redeem their coins when they want. Many crypto firms faced issues this 2022 due to the market crash. дальше »

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SBF reveals he donated to Republicans & Democrats as lobbying by crypto firms continues ahead of the midterms

In anticipation of the United States midterm elections, the cryptocurrency industry has continued its political spending to shield itself from regulatory crackdowns with a more receptive Congress. дальше »

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Coinbase Revenue Dips By Nearly 50% Amid Crypto Winter

The crypto market continues to express more decline in the value of most assets, especially Coinbase. Also, the intense bearish trend is creating tighter conditions for almost all firms. The overall effect results in adverse reports on the performance of the companies. дальше »

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Mastercard’s Crypto Accelerator Program Unveils 7 New Startups

Mastercard has unveiled seven new startups that will be part of its Start Path Crypto program, a six months training for newly established or rising Fintech firms. дальше »

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Is Crypto Whale Alameda Research in Financial Trouble?

According to new reporting, Alameda Researchs balance sheet was largely composed of illiquid FTT and SOL tokens last summer. This development casts doubt on the firms ability to repay its... дальше »

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NFT Market Decline Leads To Dapper Labs Laying Off 22% Of The Staff

Crypto Firms such as Dapper Labs are currently feeling the heat of these markets’ downturn. As per a report, Dapper Labs has lost more than 90% of its NBA Top Shot sales volume dating from February 2021 till now. дальше »

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This Expert Claims Crypto Winter Is Not Over But There’s A Catch

The ongoing crypto bear market seems like an unending journey, with more firms coming down with financial crises due to asset devaluations and other effects. Although some assets have seen brief rallies, many remain in decline. дальше »

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Coinbase Reports Mixed Q3 Financials as Block and PayPal Surge

Payments firms PayPal and Block blew Q3 earnings estimates away, while crypto exchange Coinbase suffered a relatively bleak third quarter. The post Coinbase Reports Mixed Q3 Financials as Block and PayPal Surge appeared first on BeInCrypto. дальше »

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Traditional firms likely won’t be leading the charge in the next generation of Web3 games — WAX CEO

“I actually think the first big games that have multimillion persistent users daily — those will come from new startup studios,” said William Quigley. дальше »

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Digital Assets Firm Bakkt, Set to Acquire Apex Crypto

Digital assets firm Bakkt has coincided with Apex fintech solutions to acquire Apex crypto from them. Both firms' CEOs believe the collaboration is an exciting start to a period of expansion and innovation. дальше »

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Riddle&Code onboarding industries to Web3 via a new path of digitalization for industrial companies with its evolved purpose

One of Austria’s most successful young startups, Riddle&Code, is pioneering a new strategy for industrial digitalization by introducing traditional businesses to Web3. The difficulty many manufacturing firms have in adapting to the new standards and navigating the Web3 universe has delayed their foray into promising new business models. дальше »

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BitMEX Set to Dismiss 30% of its Workforce

BitMEX, the crypto derivatives platform, will be laying off 30% of its work force according to Chinese reports. These comes in just after the firms CEO Alexander announced his departure. дальше »

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RealFevr Raises €10,000,000 to Create the Supreme Web3 GameFi Sports Ecosystem

RealFevr, one of Portugal's most rapidly expanding firms, announced it had secured a 10 million euros in a bid to create a supreme Web3 GameFi sports ecosystem. This comes in as the firm looks to expand its NFT platform. дальше »

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Bitcoin Mining Giant Argo Blockchain Gets Negative Cash Flows And Stock Price Dips

Though the crypto winter seems to be over, its impact on Bitcoin and the crypto market still lingers. Several crypto-related firms have gone down the drain over the pressure in the market. Some are still battling to stay afloat despite the forces’ influence while managing their operations. дальше »

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Bitcoin Mining Firm Digihost Remains Debt Free Amid Bearish Market

Many Crypto and Bitcoin mining firms have recorded huge losses in 2022 due to the ongoing bear market and extreme economic conditions. As a result, some have packed up, while others declared bankruptcy amid the crypto winter. дальше »

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Despite Founding Principles, SEC’s Gary Gensler Says Crypto Is Centralized

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South Korean lawmakers seek tough punishments for crypto fraud

The National Assembly of South Korea is collaborating with the country’s Financial Services Commission on a bill that seeks to introduce greater oversight of crypto firms and introduce tough punishmThe post South Korean lawmakers seek tough punishments for crypto fraud appeared first on AMBCrypto. дальше »

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Bitcoin Mining Firm Core Scientific Stock Plunges Amid Bankruptcy Rumors

The crypto winter that began in early 2022 has resulted in several financial issues, including Bitcoin mining firms. Many crypto firms have struggled, while others had to close shop. The crypto community felt the impact, mainly through many crypto firms, including Celsius Network, Three Arrows Capital, Voyager Digital, etc. дальше »

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EOS Foundation Signs MoU with Busan City to Boost Blockchain Investments

The Busan Metropolitan City government has an MoU with several venture firms led by the EOS Network Foundation in a deal that will see millions of dollars invested in the city's web3 startups. дальше »

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Blockchain Venture Firms to Invest $100M in Busan for Ecosystem Development

A group of blockchain venture capital firms will invest $100 million over the next three years to establish a blockchain ecosystem in Busan, South Korea. дальше »

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Amidst 97% Decline in Its Stock, Bitcoin Miner Core Scientific Issues Bankruptcy Warning

Core scientific, one of the foremost firms for publicly traded crypto mining in the US, is about closing its shop due to the market dip and the 97% massive dump in its Bitcoin shares. дальше »

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Regen Network Debuts Marketplace Application For Tokenized Carbon and Ecological Assets

Blockchain-powered firms and validators striving to honor their climate commitments can now sigh in relief following the launch of Regen Marketplace, an innovative idea from Regen Network Development (RND) Inc. дальше »

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Coinbase, Alameda-backed Mara launches African crypto wallet service

Africa’s cryptocurrency landscape welcomes a new crypto wallet backed by global firms in the ecosystem.

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Crypto Echoes Risks of 2008 Financial Crisis, Says US CFTC Commissioner

Though the crypto industry is a sliver of the overall U.S. financial system, the “growing interest by traditional finance” firms should put regulators on notice of dangerous risks to come, said Christy Goldsmith Romero, a commissioner with the U.S. Commodity Futures Trading Commission. дальше »

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Crypto Exchange SushiSwap Approves Restructuring, Will Create 3 Firms for DAO

The DAO will be divided into three organizations, which would be based in Panama and the Cayman Islands. дальше »

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Crypto Exchange SushiSwap Approves Restructuring, Will Create Three Firms for DAO

The DAO will be divided into three organizations, which would be based in Panama and the Cayman Islands. дальше »

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UK Crypto-Focused Parliament Group Calls on New PM Sunak to Clarify Crypto Policies

The group’s chair said on Tuesday that firms in the U.K. “desperately need clarity” over the country’s approach to crypto policy. дальше »

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CoolWallet Pro Review

It’s not so long ago that a wave of contagion was spreading so violently across the cryptocurrency industry that it felt like nowhere was safe. As Terra, a former top 10 coin, death spiralled, many firms got caught up in the carnage. дальше »

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