Prior to this news, Bitget already had a presence in Latin America, with operations in Argentina, Colombia, Mexico and Venezuela. In June, the exchange announced that it planned to double its global workforce to reach 1,000 employees by the end of 2022. Source
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Lars Seier Christensen is a Danish businessman, entrepreneur, and investor who co-founded what was to become Saxo Bank, a financial multi-asset trading and investment platform and the founder and CEO of Concordium. After 20 years as co-CEO of Saxo Bank, he stepped down and founded Seier Capital to focus on investments in blockchain projects, including most notably the foundational blockchain protocol, Concordium. As the CEO of Concordium, Lars oversees the company’s development to become the first project to have an innovative user…
Smart contract platform tokens and decentralized finance (defi) protocols have taken a beating since the FTX collapse last week. The market capitalization of all the smart contract platform tokens in existence lost more than $22 billion during the last 36 days. The total value locked (TVL) in defi protocols has dropped to $43 billion, the lowest defi TVL since the first week of March 2021. Smart Contract Tokens and Defi Protocols See Significant Value Reductions Since FTX’s Collapse Decentralized finance and smart contract platform tokens have suffered a great deal…
According to a new tweet by Genesis Global on Nov. 16, the institutional crypto lender says it will “temporarily suspend redemptions and new loan originations in the lending business.” In explaining the decision, the firm cited “unprecedented market turmoil” related to the collapse of troubled cryptocurrency exchange FTX, resulting in “abnormal” levels of withdrawals that Genesis Global claims to exceed its current liquidity. The firm also added that its current liquidity was negatively impacted by the collapse of hedge fund Three Arrows Capital in June. As part of bankruptcy proceedings,…
It remains to be seen to what extent having to write off $200 million to 300 million on the back of FTX’s dramatic collapse will damp Temasek’s appetite for the digital-assets industry. Temasek managed $294 billion in assets as of the end of March, according to Bloomberg. Source
It will remain to be seen to what extent having to write off $200 million to 300 million on the back of FTX’s dramatic collapse will dampen Temasek’s appetite for the digital assets industry. Temasek managed $294 billion in assets as of the end of March, according to Bloomberg. Original Source 300mBloombergFTXInvestedPreparesTemasekWrite CryptoX Portal
The probe will look into issues like the relationship between DAOs and corporations, the status of investors and token holders, the legal liability developers of open-source code have, and how DAOs tackle money laundering, file annual reports and pay taxes, the commission said. Source
Abu Dhabi’s Global Market (ADGM) and Financial Services Regulatory Authority have granted cryptocurrency exchange Binance clearance to offer its services in the region. An official announcement from the United Arab Emirates capital’s financial center confirmed that Binance will be cleared to offer cryptocurrency custodial services to professional clients once it has met the requirements for its Financial Services Permission (FSP). The news came after Binance founder and CEO Changpeng Zhao attended the Abu Dhabi Finance Week. Zhao appeared onstage alongside Galaxy Digital CEO and investor Mike Novogratz at the event…
Other companies in addition to Matter Labs, like the research-oriented Scroll platform and the Ethereum juggernaut Polygon, are progressing on their own ZK-rollup platforms. Together, these firms represent the first cohort of a new class of so-called zkEVMS – ZK rollups which, unlike past applications of the technology (including an older version of the zkSync network), will be able to support virtually any program that runs on Ethereum. Source
The real reason why the FTX failure hits so hard is not because the crypto industry was duped, but because it proved that the industry was vulnerable to being duped. Source