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” Crypto lender Matrixport seeks $100M funding despite lending crisis “ Matrixport, the cryptocurrency firm founded by Bitmain co-founder Wu Jihan, is in the process of raising $100 million in funding despite the ongoing crypto market crisis. Lead investors have already committed $50 million for Matrixport’s new funding round at a $1.5 billion valuation, Bloomberg…
” Binance says its Industry Recovery Initiative has 7 enrollees, 150 applicants “ Binance announced Nov. 24 that it is spearheading the creation of a so-called Industry Recovery Initiative (IRI) on BloombergTV. New details about the project to “to lead the charge when it comes to protecting consumers and rebuilding the industry” have been released…
“Semafor under fire for not returning investment by FTX’s Sam Bankman-Fried” Semafor, a news site launched last month after getting a large infusion of cash from disgraced FTX founder Sam Bankman-Fried, has come under fire for staying mum about whether it will return the now-bankrupt crypto firm’s money. Bankman-Fried was reportedly an initial investor in…
” Casper Association launches $25M grant to support developers on its blockchain “ Scalable blockchain network Casper announced the launch of its new Casper Accelerate Grant Program on Nov. 23, created to support developers and innovators who are building apps to support infrastructure, end-user applications, and research innovation on its blockchain. JUST IN from @nextblockexpo: We’re…
” Blockchain VC funding halves in October despite some strong raises “ Blockchain venture capital inflows sharply decreased in October from the previous month. According to Cointelegraph Research, the number of individual deals dropped from 93 to 69 monthly. The Cointelegraph Research Terminal VC database, which compiles comprehensive details on deals, mergers and acquisition activity,…
” DeFi protocol raises $10M from Bitfinex, Ava Labs despite turbulent market “ The ongoing crypto bear market has proven itself to be a builders market as investments continue to find projects with promise. Onomy, a Cosmos blockchain-based ecosystem, just secured millions from investors for the development of its new protocol. The project merges decentralized…
” Crypto Twitter reacts to Binance CEO’s deleted tweet about Coinbase’s Bitcoin Holdings “ Coinbase was trending on Twitter on Nov. 22 after Binance CEO Changpeng Zhao, known also as CZ, sent out a tweet that appeared to question Coinbase’s Bitcoin holdings. In the since deleted tweet, CZ referenced a yahoo finance article that alleged…
” Approving a spot crypto ETF is ‘all about political power’ — Perianne Boring “ Perianne Boring, founder and CEO of blockchain advocacy group Chamber of Digital Commerce, placed the lack of approval of a Bitcoin exchange-traded fund in the United States squarely on Securities and Exchange Commission chair Gary Gensler, suggesting politics played more…
” CoinMarketCap launches proof-of-reserve tracker for crypto exchanges “ CoinMarketCap, a leading market researcher and tracker in the crypto industry, announced the launch of a new feature on its platform which allows users updated financial insights on exchanges. The proof of reserves (PoR) tracker audits active cryptocurrency exchanges in the industry for transparency on liquidity…
” SBF, FTX execs reportedly spend millions on properties in the Bahamas “ The latest revelation from the FTX case reveals that Bahamian properties worth millions were bought in the company name. FTX, at the time operated by Sam Bankman-Fried (SBF), his parents and other high-level executives of the company, reportedly purchased at least 19…