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0 CommentsGrayscale Investments won’t show proof of reserves, citing “security concerns” after Bitcoin and Ether products fall to new all-time lows. Meanwhile, Coinbase testified to the security of Grayscale’s digital assets products held in Coinbase Custody, the WSJ reported. Crypto firms are under pressure now to share information about the health of their reserves after FTX…
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…
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…
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,…
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…
Crypto lender Nexo made an unsuccessful offer to acquire troubled rival BlockFi earlier this year as part of a proposed deal worth about $850 million, according to The Block. The deal included $30 million for the acquisition of 51% of BlockFi as well as a $500 million credit line. In July, Nexo had offered rival…
