Search results by “how to invest”
🚨SEC’s lawsuit against Do Kwon for “multi-billion dollar crypto asset securities fraud”🤯 could set a precedent for stablecoin issuers. But where is Do Kwon?🤡
Institutional investors will soon be able to store their off-exchange collateral in cold wallets through Binance Custody, according to a recent announcement. The move comes in the wake of dwindling trust in centralized crypto companies following the collapse of FTX. Binance is trying to restore that trust by keeping leveraged positions off the internet. Binance […]
Anthony Scaramucci, the founder of Skybridge Capital, is investing his personal money in the new software company founded by Brett Harrison, the former president of FTX.US. After leaving FTX.US in September, Brett Harrison planned to remain with the company as an advisory member. However, in the weeks following FTX’s collapse, Harrison announced that he was […]
Bulgarian prosecutors, along with international agents, have launched a large-scale investigation into the crypto lender, Nexo. The company is accused of being involved in violation of sanctions against Russia. Nexo has denied all accusations. According to the StandartNews media outlet, the investigation into Nexo started a few months ago, claiming the crypto lender provided investors […]
Custodial investment firm Midas has announced the closure of its platform due to the $63.3 million balance sheet hole created by the collapses of Celsius and FTX. Iakov Trevor, the CEO of Midas Investment, the platform that previously enabled users to deposit funds and invest in various decentralized finance projects, said in a blog post […]
According to a Forbes report, the top crypto investors and founders lost about $116 billion in total assets from March to December this year. The entire industry suffered significant losses this year with the collapse of Terra’s stablecoin LUNA, followed by bankrupt hedge fund Three Arrow Capital, brokerage firm Voyager Digital, crypto lenders Celsius and […]
Investment banking giant Goldman Sachs is ready to invest billions of dollars in crypto companies overcoming the FTX contagion. GS plans to buy or invest in companies that have lost investor interest and whose valuations have fallen, Reuters reports. Mathew McDermott, head of digital assets at Goldman Sachs, told Reuters that the FTX collapse has […]
In the aftermath of the FTX collapse, several U.S. states, including Alabama, opened an investigation of Genesis Global, the lender of paused Genesis Trading, on securities violations and crypto firms’ interconnection. As reported by Barron’s, Alabama’s Security Commission director Joseph Borg said, “his agency and those of several other states are part of the inquiries, […]
Matrixport, one of the biggest lenders in Asia, founded by Bitmain mining hardware CEO Jihan Wu, is seeking a $100M investment at a $1.5B valuation despite the market turmoil. The firm confirmed the information via its official Twitter account, referring to Bloomberg news posted today. Matrixport already has commitments from the leading investors amounting to […]
Binance Labs made a strategic investment in Belgium-based cold wallet maker NGRAVE, following CEO’s Changpeng Zhao repeated calls for users to turn to self-custody. Another confirmation of these words is the integration of Trust Wallet in Binance, announced last week, which we covered in Digest #171. According to an official statement, Binance Labs, the venture […]
