Tag: investments

Dec 01 2022

Unique multi-asset launchpad aims to democratize venture capital

SwissBorg has a goal of democratizing venture capital and equalizing wealth management through its new multi-asset launchpad. On a mission to democratize wealth management, a crypto-based solution is implementing 7 layers to disrupt multi-asset management through a unique launchpad for investing in all types of assets....

Galaxy Digital CEO Mike Novogratz says SBF should be jailed

Galaxy Digital CEO Mike Novogratz called the FTX debacle “a crisis of confidence” during an exclusive CNBC interview where he claimed the incident had created a deficit of trust across financial markets. Novogratz described the personality of SBF as delusion and one prone to grandiosity while calling out the...

BlackRock lost $24M in FTX collapse

Dec 01 2022 Published at CryptoSlate under tags  bear market investments

BlackRock's CEO Larry Fink revealed that the asset manager had invested $24 million in FTX, which it considers lost. Fink added that the investment was small and not part of...

Nov 30 2022

Bitcoin’s current stability stems from market manipulation, ECP report

According to a newly released report by the ECB, Bitcoin is in the final stages of becoming irrelevant due to its many shortcomings. The report stated that Bitcoin's value stems from mere speculation, and its recent stability was the result of price manipulation....

Animoca to launch $2B investment fund for metaverse

Nov 30 2022 Published at CryptoSlate under tags  investments metaverse web3

Animoca Brands CEO Yat Siu said the company is working on setting up a fund of up to $2 billion to invest in metaverse businesses, according to NikkeiAsia. Animoca Capital Siu said that the fund will be called Animoca Capital and has not raised money yet, but is aiming...

Nov 23 2022

Elon Musk, Semafor allegations dig ‘conflict of interest’ rabbit hole

Nov 23 2022 Published at CryptoSlate under tags  bear market investments

On Nov. 18th, Semafor, the global news company, released an announcement stating "no reason in particular, but you can also follow us on," and then listed a number of their social media platforms. No reason in particular, but you can also follow us on: YouTube https://t.co/vzf0vYlh9MTikTok...

Nov 22 2022

CoinMarketCap Launches Proof-of-reserve Tracker

Nov 22 2022 Published at Coinscreed under tags  crypto exchange investments news por

The tool laughed by CoinMarketCap, allows users to monitor exchanges’ reserves through displays of total assets and public wallet addresses. A new tool on CoinMarketCap's platform that provides users with up-to-date financial details on exchanges has been launched, according to the leading market researcher and tracker in the cryptocurrency business. The industry's active cryptocurrency exchanges […] The post...

Binance CZ denies Bloomberg report of Abu Dhabi fundraising attempt

Nov 22 2022 Published at CryptoSlate under tags  investments

The CEO of Binance, CZ, has denied a report published by Bloomberg on Nov. 21 that he was seeking investment for an industry recovery fund. CZ took to Twitter to succinctly confirm that the report was "false." False -- CZ...

Binance muscles in on hardware wallet sector with series A investment in NGRAVE

Nov 22 2022 Published at CryptoSlate under tags  investments

Binance Labs announced it will take the lead in an upcoming Series A investment round in hardware wallet maker NGRAVE. Company co-founders Xavier Hendrickx, Ruben Merre, and Edouard Vanham launched NGRAVE in...

Nov 21 2022

Genesis fails to raise funds as FTX contagion weighs on DCG-owned company

Crypto brokerage Genesis failed to raise funds and is potentially facing bankruptcy without additional funding, Bloomberg reported Nov. 21. The company is rumored to be seeking a $1 billion cash injection into the business after it...

Grayscale holds 635K BTC as Coinbase Custody reveals holdings

Nov 21 2022 Published at CryptoSlate under tags  bear market exchanges investments legal web3

Following recent uncertainty regarding the future of the Grayscale Bitcoin Trust, its custodian partner Coinbase released a report detailing the assets held on behalf of Grayscale Bitcoin Trust. The letter revealed that holdings are segregated from other...

Nov 20 2022

Op-Ed: Could DCG be the catalyst for max pain in the crypto markets?

Nov 20 2022 Published at CryptoSlate under tags  bear market deals investments opinion rumors

Following the recent collapse of FTX, the fallout spread to Genesis, which had already been bailed out by parent company Digital Currency Group (DCG) earlier this year following the failure of Three Arrows Capital. There are growing concerns over the possibility of the contagion spreading to Greyscale Bitcoin Trust and Digital Currency Group but are these fears valid? Genesis & Digital Currency Group...

Nov 17 2022

Upbots issues recovery plan in light of FTX, Alameda exposure

Algo crypto trading platform, Upbots, detailed its recovery plan established due to its exposure to the fallout of FTX, and Alameda Research. Important announcement We are pleased to inform you that it has been decided to move forward by making some very important changes in our strategy: 1\. Launch of a new token2. Staking rewards temporary...

Genesis sought $1B emergency loan but never got it

Nov 17 2022 Published at CryptoSlate under tags  bankruptcy bear market investments lending

Crypto lender Genesis sought out an emergency loan of $1 billion from investors in the wake of FTX's collapse and ensuing bankruptcy but never got the funds it requested, The Wall Street Journal reported Nov. 17. The loan request came before the company sent out a notification to clients earlier this week that it would be suspending redemptions. Citing a document it reviewed,...

Circle drops Yield rates to 0%

Circle, the company that runs and issues USDC has dropped their Circle Yield product APY rate to 0%. Back in June I wrote about my anxieties around Circle. Oh hey, what's that? Genesis and its yield product customers are exposed to the credit risk of Genesis? And Genesis loaned $2.3bn to 3AC? Well I for one am sure everything will be fine...

Nov 16 2022

SolChicksNFT CEO, COO leaked messages confirm up to $20M treasury fund loss

Nov 16 2022 Published at CryptoSlate under tags  investments nfts tokens

Newly leaked messages surfaced on Twitter earlier today revealing a discussion between the CEO, William Wu, and COO, Lewis Grafton of SolChicksNFT — migrated over from Catheon Gaming. According to blockchain detective, ZachXBT, the leaked messages between Wu and Grafton detail up to $20 million in treasury fund losses as a result of the UST implosion in May....

Nov 12 2022

Pantera Capital reflects on FTX situation and importance of DeFi in latest Blockchain Letter update

Nov 12 2022 Published at CryptoSlate under tags  bear market featured investments people

Pantera Capital CEO, Dan Morehead, posted a tweet late last night addressing the fallout of the ongoing FTX situation and how it highlights the importance of what Pantera is building. FTX underscores the importance of what we are building here – a more efficient, decentralized, and open financial...

Nov 10 2022

SBF seeks to raise liquidity for FTX International; funds to go “straight to users”

Nov 10 2022 Published at CryptoSlate under tags  investments

FTX's CEO Sam Bankman-Fried (SBF) posted a Twitter thread to say that FTX U.S. was 100% liquid and that he'd do all he can to raise liquidity for FTX International. SBF started by admitting his role in the FTX crash and apologizing to the community. Then, he...

Nov 09 2022

Alameda Research website goes private following FTX collapse

Nov 09 2022 Published at CryptoSlate under tags  bear market exchanges investments outage

Alameda Research, the trading firm founded by FTX CEO Sam Bankman-Fried, has put its website into 'private mode.' The Squarespace-hosted website was updated on Nov. 9 to only be viewable to internal team members without any public announcement....

Canada’s third-largest pension fund invested in FTX at $32B valuation

The third-largest pension fund in Canada could suffer major losses as part of the FTX fallout. The Ontario Teachers' Pension Plan was among a handful of investors that participated in a $400 million Series C funding round FTX held in January. SoftBank, Lightspeed Venture Partners, Steadview Capital, and Paradigm were among other institutional investors that participated in the round. Dan Madge, a spokesperson...

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