Day: January 11, 2023

FTX Has Recovered ‘Over $5B’ in Assets, Bankruptcy Attorney Says

“We have located over $5 billion of cash, liquid cryptocurrency and liquid investment securities measured at petition date value. [It] just does not ascribe any value to holdings of dozens of illiquid cryptocurrency tokens, where our holdings are so large relative to the total supply that our positions cannot be sold without substantially affecting the market for the token,” said Sullivan & Cromwell attorney Adam Landis on FTX’s behalf. Source

Multiparty computation could offer increased protection for crypto wallets

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Multiparty computation (MPC) is a type of cryptographic protocol that allows multiple parties to jointly compute a function over their inputs without revealing those inputs to each other.  MPC can be useful when parties want to compute some function together but want to keep their inputs private from others. For example, a group of banks may want to determine the total amount of money in their joint account without revealing their account balances to each other. In MPC, each party has a secret input that they keep to themselves. The…

Multi-party computation could offer increased protection for crypto wallets

Multi-party computation (MPC) is a type of cryptographic protocol that allows multiple parties to jointly compute a function over their inputs without revealing those inputs to each other.  MPC can be useful when parties want to compute some function together but want to keep their inputs private from others. For example, a group of banks may want to determine the total amount of money in their joint account without revealing their account balances to each other. In MPC, each party has a secret input which they keep to themselves. The…

Abu Dhabi-based Venom Foundation launches $1B fund for Web3 and blockchain

Abu Dhabi-based blockchain platform Venom Foundation and investment manager Iceberg Capital announced they will allocate $1 billion of funding to Web3 and blockchain firms through a new partnership. The Venom Ventures Fund is set to invest in protocols and Web3 decentralized applications (DApps) focused on payments, asset management, decentralized finance (DeFi) and GameFi products and services. The fund is a partnership between layer-1 blockchain solution, Venom Foundation and Abu Dhabi Global Market (ADGM) investment management firm, Iceberg Capital. The latter will look to leverage its existing network to offer incubation…

Bitcoin More Stable Than Gold, DXY, & NDQ, What This Means

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Data shows Bitcoin has been more stable than gold, DXY, Nasdaq, and S&P 500 recently, here’s what history says could follow next. Bitcoin 5-Day Volatility Has Fallen Below That Of Gold, DXY, Nasdaq, And S&P 500 According to the latest weekly report from Arcane Research, BTC has been more stable than these assets for a record duration already this year. The “volatility” is an indicator that measures the deviation of daily returns from the average for Bitcoin. When the value of this metric is high, it means the crypto has…