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0 CommentsA Coinbase survey revealed that crypto winter affected investors’ sentiment not as bad as expected. Thus, 58% of investors in the survey expect to increase allocations over the next three years. The 2022 Digital Assets Outlook Survey found that 62% of investors who are currently invested in crypto increased their allocations in the past 12…
932 ViewsGrayscale 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…
466 ViewsTop 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…
327 ViewsIn 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…
378 ViewsCrypto 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…
254 ViewsTop investment deals across the crypto sector over the last week (Nov. 5–11, 2022): Japanese mobile operator NTT Docomo plans up to $4 billion in Web3 investments Japanese mobile operator NTT Docomo plans to invest up to ¥600 billion ($4.1 billion) over several years to focus on web3 technology, the company said in its second-quarter…
