Crypto Investments Weekly – Nov. 12–18
    20 Nov 2022

    Top investment deals across the crypto sector over the last week (Nov. 12–18, 2022): Bankrupt crypto lender Voyager reopens bidding process after FTX’s collapse Bankrupt crypto lender Voyager Digital is ending the deal to sell itself to FTX US after the latter also declared bankruptcy on Friday. Voyager also acknowledged Friday it has a $3…

    The crypto head leaves Twitter amid mass layoffs
    20 Nov 2022

    Twitter’s crypto division head Tess Rinearson has exited her position amid a massive number of both layoffs and employees quitting in the wake of billionaire Elon Musk’s acquisition of the company, Bloomberg reported. It’s unclear how Elon Musk’s takeover and Rinearson’s departure will impact Twitter’s embrace of NFTs. Internal strife and staff reduction have been…

    Gulf Crypto Insight: Hot crypto news from the MENA region – November 18
    20 Nov 2022

    Top crypto news from the Middle East region over the last week (Nov. 11 –17, 2022): UAE regulator adopts blockchain to speed up commercial judgments A judicial authority established by the United Arab Emirates (UAE) Federal Decree has adopted blockchain technology to save time and costs related to the enforcement of commercial judgments. ADGM Courts,…

    FTX CEO reportedly cashed out $300 million in the previous funding round
    20 Nov 2022

    In a previously undisclosed detail, former FTX CEO Sam Bankman-Fried personally received $300 million from a $420 million funding round for the company in October 2021, Wall Street Journal reported. Meanwhile, major companies and funds are losing millions of investments stuck in FTX after the troubled crypto exchange filed for bankruptcy protection. According to the…