Author: Crypto Insider

Regulated derivatives products allow investors to gain exposure to Bitcoin without the hassle of dealing directly with crypto, Robert Stevens explains on CoinDesk. “Digital gold” can sometimes feel as hard to get your hands on as the real thing. Tax-sheltered accounts or certain banks might not let you invest in Bitcoin directly, crypto exchange accounts…

Top investment deals across the crypto sector over the last week (Dec. 3–9, 2022): Uniswap-based DeFi protocol Panoptic raises $4.5 million Panoptic, a Uniswap-based decentralized finance protocol for trading perpetual options, raised $4.5 million in a seed funding round. Gumi Cryptos Capital led the round, with Uniswap Labs Ventures, Coinbase Ventures, Jane Street, Avalanche Foundation’s…

Crypto media site The Block was secretly funded over the last two years by Sam Bankman-Fried’s Alameda Research. CEO Michael McCaffrey has resigned as a result of the news coming to light, The Block confirmed on Dec. 9. Michael McCaffrey, The Block’s CEO, immediately resigned after the loans from Alameda Research came to light and…

Shares of Grayscale Bitcoin Trust (GBTC), the world’s largest bitcoin fund, reached a record-high discount rate of above 47% relative to the price of Bitcoin (BTC). Bearish sentiment surrounding the trust deepened over fears that crypto trading firm Genesis Global Trading, with the same owner, could file for bankruptcy. GBTC is a way for investors…

Top crypto news from the Middle East region over the last week (Dec. 3–9, 2022): Ripple partner and JP Morgan join forces to enhance financial transfers in UAE Al Fardan Exchange, a crypto exchange licensed in the UAE and one of Ripple Labs’ partners, has inked a strategic partnership with global banking giant JP Morgan,…

Cross-chain bridge Nomad plans to relaunch and partially reimburse those that lost funds in its $190 million hack in August. Meantime, the developer team has asked users to go through KYC verification to let bridge back their assets. “Since the Nomad Token Bridge hack, the team has been working hard on recovering funds and making…