Other backers in the round included a mix of traditional investors, quant firms and liquidity providers, including Jane Street, Hudson River Trading, Flow Traders, Jump Crypto, Cumberland DRW, Golden Tree, CMS Holdings, AlphaLab Capital and C² Ventures. Source
The world’s largest crypto exchange platform by volume is adding Shiba Inu (SHIB) and three other altcoins to its list of verifiable crypto assets. In a new company blog post, Binance says its introducing zero-knowledge (zk) SNARKS, a verification method that keeps information secure, to its proof-of-reserves identification system. Binance also says it’s adding four altcoins, including SHIB, Polkadot (DOT) and Ethereum (ETH) challenger Solana (SOL), as well as fan token-focused crypto project Chiliz (CHZ). “Continuing the efforts in providing transparency on user funds, Binance is excited to introduce zk-SNARKs,…
Following the recent court filing from liquidators for Three Arrows Capital (3AC) claiming frustration with the 3AC co-founders for allegedly failing to respond to subpoenas sent via Twitter. Su Zhu, one of the co-founders, recently tweeted about his new crypto venture, Open Exchange. The exchange aims to provide users with the ability to trade or use portfolio margin with claims against bankrupt cryptocurrency firms. 3AC Co-Founders Launch Bankruptcy-Focused Crypto Exchange, Community Reacts Skeptically Su Zhu, co-founder of the defunct crypto hedge fund Three Arrows Capital (3AC), stated on Thursday that…
The launch of the exchange project backed by the bankrupt hedge fund Three Arrows Capital (3AC) attracted a mob of angry community members who took to Twitter, expressing their disappointment with the state of the crypto space. Open Exchange, a crypto exchange project that 3AC and Coinflex initially proposed, launched a website and opened a waitlist on Feb. 9. 3AC founder Zhu Su pointed out that the project is a way to atone for their past mistakes. However, many members of the community were enraged by the launch. One community…
The Reserve Bank of Zimbabwe recently revealed that some 25,188 of its value-preserving gold coins were sold between July 2022 and Jan. 13. According to the central bank governor, John Mangudya, the gold coins “have proved to be an effective open market instrument for mopping up excess liquidity in the economy.” Gold Coins as Alternative Value Preservation Tool According to the Zimbabwean central bank, about 25,188 “Mosi-oa-Tunya” gold coins valued at over $28 million (ZWD$20 billion) were sold between July 2022 — when the coins were initially introduced — and…
At the same time, he said the team was proactive about catching potentially criminal use of the exchange and from time-to-time even browsed the Hydra darknet marketplace in search of Bitzlato users. When found, those accounts would be blocked, he said. On one occasion, Shkurenko recalled, a tech support employee walking to the office saw an ad for an illicit drug shop painted on a fence – it turned out to be a Bitzlato user, upon investigation. The exchange blocked the account, he said. Source
A crypto exchange project initially proposed by 3AC and Coinflex has now launched an official website and waitlist as of Feb. 9. Called “Open Exchange (OPNX)”, the new project alleges that it will be “the world’s first public marketplace for crypto claims trading and derivatives,” according to a tweet from the project’s official Twitter account. 1/ Introducing Open Exchange. Open Exchange will start as the world’s first public marketplace for crypto claims trading and derivatives. Then become the world’s most radically transparent CEX. The claims waitlist is now open @…
Kraken is one of the world’s largest crypto exchanges. Tiffany Hagler-Geard | Bloomberg via Getty Images Crypto exchange Kraken will shutter its U.S. cryptocurrency staking operation and pay a $30 million fine to settle an enforcement action alleging it sold unregistered securities, the Securities and Exchange Commission said Thursday. The SEC claims Kraken failed to register the offer and sale of its crypto staking-as-a-service program. U.S. investors had crypto assets worth over $2.7 billion on Kraken’s platform, the SEC alleged, earning Kraken around $147 million in revenue, according to the SEC…
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Noting a $20 billion market of claimants “desperately searching” for resolution to money lost at bankrupt crypto firms like FTX, Voyager, Celsius, Genesis, BlockFi, Mt. Gox and 3AC, Open Exchange promises the ability to monetize claims by providing a marketplace for their trading. Source