Tag: Firm

Blockchain firm files notice of appeal against SEC

Blockchain-based file-sharing and payment network LBRY may be reversing course on an earlier decision to wind down, filing a notice of appeal against a federal judge ruling in July that sided with the Securities and Exchange Commission. On Sept. 7, LBRY filed a notice of appeal to the United States Court of Appeals for the First Circuit, seeking to appeal the final judgment entered on July 11, 2023, where LBRY was ordered to pay a civil penalty and barred from participating in unregistered offerings of crypto asset securities in the…

Binance CEO brushes off negativity, assures firm has ‘no liquidity issues’

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Binance co-founder and CEO Changpeng ‘CZ’ Zhao has hosed down recent rumors against his firm, assuring its balance sheet and employee retention remain robust, despite the recent market uncertainty. The Binance boss blamed negative news, rumors, bank runs, lawsuits, the closing of fiat channels, product wind-downs and employee turnovers for creating an environment of FUD (fear, uncertainty, doubt) in a Sept. 7 post on X (Twitter).  Saw some debates in the community. When you do the right thing, and there is FUD, you don’t have to do anything. The community…

Jay-Z and Jack Dorsey’s firm expands to foster Bitcoin talent in Africa

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The Bitcoin non-profit, Btrust, co-founded by rapper Jay-Z and Block CEO Jack Dorsey, has acquired the Bitcoin talent company, Qala. Following this acquisition, Qala, an organization that provides training for African Bitcoin and Lightning engineers, has been rebranded as the Btrust Builders Program. According to reports on Sep. 6, the deal is a synergistic acquisition to advance Bitcoin development in Africa. While Btrust has the financial resources, it didn’t have the structure to develop the African Bitcoin talent pipeline.  Today, we are thrilled to share a monumental story in our journey. We…

AI to reinvent DAOs while tokenized models will become valuable: VC firm

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Artificial intelligence could be the missing piece for decentralized autonomous organizations (DAOs), while trained AI models could become valuable assets on-chain, according to the co-founder of Framework Ventures. Speaking to Cointelegraph on Sept. 5 at Korea Blockchain Week, Vance Spencer, the co-founder of the crypto-focused venture firm, shared four predictions about how AI and blockchain technology could collide. One of the biggest impacts is for AI to finally put the “autonomous” into decentralized autonomous organizations, according to Spencer. DAOs were founded on the concept of a decentralized collective sharing a…

Crypto firm crises bring over $700m to legal professionals

The legal industry has risen as a major beneficiary amid the financial downturn of several prominent cryptocurrency firms, garnering hundreds of millions in fees. According to a report on Sep. 5, professionals, including lawyers, accountants, and consultants, have amassed at least $700 million from the bankruptcy cases of major crypto entities in the past year. This substantial figure encompasses the fees incurred from the bankruptcy proceedings of five notable crypto companies: FTX, Celsius Network, Voyager Digital, BlockFi, and Genesis Global, from July 5, 2022, to July 31, 2023. As these…

Steve Cohen’s Point72 Ventures VC Firm Leads GenTwo $15M Funding Round

Point72 Ventures, through the funding round, will help GenTwo extend its offerings and also expand its international business. Securitization specialist fintech GenTwo has raised $15 million in a recently concluded Series A funding round. The round was led by venture capital firm Point72 Ventures, founded by billionaire hedge fund manager and investor Steven Cohen. The billionaire owns a baseball team – the New York Mets. GenTwo has a PRO platform that helps investors securitize and trade investment strategies or assets. This process is also open to non-bankable assets, including digital assets, real…

Amount of Bitcoin Sitting on Crypto Exchanges at Lowest Level in Nearly Six Years: Analytics Firm Santiment

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New data from crypto analytics firm Santiment reveals that the supply of Bitcoin (BTC) on crypto exchanges is at its lowest point in over half a decade. According to the market intelligence firm, only 5.8% of the crypto king’s overall supply is currently sitting on crypto exchange platforms, the lowest level since December 2017. Santiment also notes that the top crypto asset by market cap is seeing decent amounts of Bitcoin whale activity. “Just 5.8% of Bitcoin is currently sitting on exchanges, which is officially the lowest level crypto’s top…

Komainu, Nomura-Backed Crypto Custody Firm, Wins Dubai Operating License From VARA

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