Crypto Biz: A peek into BlockFi’s secret financials (it’s not pretty)
How much exposure does BlockFi have to Sam Bankman-Fried failed enterprises? A lot, according to accidentally leaked financials. Go to Source Powered by WPeMatico
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Injective launches $150M ecosystem fund to boost DeFi, Cosmos adoption
“DeFi has proven to be a resilient and reliable option for users in the face of the overarching CeFi collapse in 2022,” said Eric Chen, CEO of Injective Labs. Go to Source Powered by WPeMatico
Blockstream raises $125M to finance expanded Bitcoin mining operations
Bitcoin miners came under significant pressure during the bear market; however, Blockstream said institutional hosting customers were more “resilient.” Go to Source Powered by WPeMatico
Blockchain developer QuickNode raises $60M at $800M valuation
Like other blockchain developers, QuickNode is pivoting sharply into Web3 — a sector that has attracted keen venture capital interest. Go to Source Powered by WPeMatico
FTX VCs liable to ‘serious questions’ around due diligence — CFTC Commissioner
The lack of recordkeeping of FTX coupled with “an auditor no one’s ever heard of” forces the CFTC to ask questions about the mindset of the institutional investors. Go to Source Powered by WPeMatico
Former FTX US president raises $5M for new crypto software firm
Brett Harrison departed FTX US roughly two months before FTX Group filed for bankruptcy, citing “cracks” in his relationship with SBF. Go to Source Powered by WPeMatico
SSV launches $50M ecosystem fund to support ETH staking tech
Vitalik Buterin identified distributed validator technology, or DVT, as a key component of Ethereum’s decentralization efforts. Go to Source Powered by WPeMatico
Africa Web3 games publisher Carry1st raises $27M
VC firms Bitkraft Ventures and Andreessen Horowitz participated in the funding round, which aims to advance Web3 gaming in Africa. Go to Source Powered by WPeMatico
FTX Donations to Early Covid-19 Researchers Raise Questions of Propaganda Tied to Pandemic Prevention
While the former CEO of FTX, Sam Bankman-Fried, awaits his trial at the end of the year, reports indicate that the company donated millions of dollars to early Covid-19 researchers. The research was reportedly used to cast doubt on specific treatments, such as the use of ivermectin and hydroxychloroquine. Controversy Surrounds Former CEO of FTX … Read more
Sandeep Nailwal-backed Web3 accelerator launches demo day for first cohort
The Web3 developer program received interest from over 1,000 projects but only 15 were selected for Cohort 0. Go to Source Powered by WPeMatico
