Cryptocurrency Financial News
The 26-year-old president of Jump Crypto heads a DeFi juggernaut that’s building key infrastructure and cross-chain bridges, and investing in layer1 blockchains. For running on all cylinders in a year of crypto reckoning, Kanav Kariya is one of CoinDesk’s Most Influential 2022.
In a highly anticipated interview at Wednesday’s Dealbook Summit, Sam Bankman-Fried expressed regret over his exchange’s collapse, but clung to the narrative that it was all just a bet gone wrong.
“The skepticism doesn’t bother me that much,” the CEO of Facebook’s parent company said at the New York Times Dealbook Summit on Wednesday.
FTX auditor Prager Metis reported the company earned $1 billion in revenues in 2021. An investigation from CoinDesk reveals Prager Metis also operates in Decentraland, where it sponsors the “Decentraland Babydolls.”
“The whole operation was run by a gang of kids in the Bahamas,” a person familiar with the matter told CoinDesk on the condition of anonymity.
Insolvent crypto exchange FTX halted crypto withdrawals on Tuesday, leading panicked customers to offload their bags amongst themselves at steep discounts.
Customers’ crypto withdrawals that were previously backlogged have been halted altogether, according to announcements from the official FTX Support Telegram group.
Los dos gigantes del mercado cripto firmaron una carta de intención no vinculante, según confirmó el CEO de Binance, Changpeng “CZ” Zhao, en Twitter.
Bebop, which is incubated by crypto market-maker Wintermute, first launched on the Ethereum blockchain this past June.
The crypto exchange has officially registered as a Digital Asset Business in the Bahamas under the country’s crypto-friendly DARE Act.
The combined Series A and B round was led by Bain Capital Crypto and Polychain Capital.
The fundraise included participation from Coinbase Ventures, DeFiance Capital and Saison Capital, among others.
As NFT winter deepens, Flip says its new fantasy league will still provide traders the “sweet adrenaline” of flipping JPEGs.
The fund will focus on liquid crypto investments and targets raising about $100 million, a person familiar with the matter said.
The $9 million seed round was co-led by Tribe Capital and Tabiya, and follows an earlier $6 million in pre-seed funding.
Investors in the round included Tiger Global, Tusk Ventures, Circle Ventures and Shima Capital.
Avalanche founder Emin Gün Sirer said the allegations – which drove the token down about 11% – are “categorically false.”
FTX’s option to acquire BlockFi includes performance targets around a key SEC approval and more than doubling client assets that boost the purchase price to $240 million, people familiar with the matter told CoinDesk.
The crypto trading firm and builder is reupping its commitment after the once-hot blockchain hit potholes.
