Market maker Keyrock closes $72 million in Series B funding round
Investors in the round included Ripple, SIX Fintech Ventures, and Middlegame Ventures. Go to Source Powered by WPeMatico
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FTX collapse put the Singapore government in a parliamentary hot seat
The opposition party MPs has questioned the credibility over its failure to protect retail investors from FTX collapse and had demanded data on the extent of losses incurred by the investors. Go to Source Powered by WPeMatico
Fenix Games raises $150M to fuel next-generation blockchain gaming
Chris Ko, CEO and co-founder of Fenix Games, considers Fenix Games “like a VC fund” for powering the next generation of blockchain games. Go to Source Powered by WPeMatico
Crypto lender Matrixport seeks $100M funding despite lending crisis
Bitmain-backed crypto lender Matrixport is the other half of a new funding round targeting a $100 million raise. Go to Source Powered by WPeMatico
Binance CEO denies report firm met with Abu Dhabi investors for crypto recovery fund
Changpeng Zhao first announced the fund following FTX filing for bankruptcy, saying it would be aimed at helping projects with liquidity issues, but was not for “liars or frauds.” Go to Source Powered by WPeMatico
Genesis denies ‘imminent’ plans to file for bankruptcy
The lending firm claims it’s having “constructive conversations with creditors” and plans to resolve the situation without the need for a bankruptcy filing. Go to Source Powered by WPeMatico
zkSync developer Matter Labs raises $200M, commits to open-sourcing platform
Over 150 projects, including Chainlink, Uniswap and Aave, have signaled their intent to deploy on the layer-2 blockchain. Go to Source Powered by WPeMatico
Binance CEO CZ on FTX crash: “We’ve been set back a few years”
With one of the biggest crypto businesses falling overnight after getting caught misappropriating user funds, CZ believed the episode was devastating for the industry, which took away a lot of consumer confidence. Go to Source Powered by WPeMatico
Total crypto market cap drops to $850B as data suggests further downside
The crypto market managed an 11% bounce from the Nov. 9 low, but a handful of metrics show a severe lack of investor confidence. Go to Source Powered by WPeMatico
Tether CTO confirms no plans to rescue FTX
FTX won’t be getting a bailout from Tether who confirmed it isn’t planning to provide a cash injection despite the CEO reportedly reaching out to multiple firms for help. Go to Source Powered by WPeMatico
