“As a part of this reorg, some folks will have new roles, responsibilities, and reporting lines,” a Chainalysis spokesperson told CoinDesk in an emailed statement. “Unfortunately we will also part ways with some incredibly talented people within our team.” Source
“The subsequent investigation determined that Copper hadn’t suffered any breach or business interruption and that no client information had been compromised,” Copper said in a statement. “The incident was not of a nature that required disclosure with applicable law or regulations, operations continued to run smoothly and caused no further concern to the company.” Source
“As the crypto markets mature and converge with traditional markets, it is critical to bring a mature and sophisticated perspective to our trading strategy. Representing just one pillar of how we deliver value to our investors, our liquidity and trading business will be elevated to a higher degree with Bhavik’s leadership and institutional knowledge,” said Arrington Capital founder Michael Arrington in a press release. Source AlumArringtonBitMEXCapitalCryptoFirmHiresInvestment CryptoX Portal
Failures in BTC and Hang Seng are technical warnings signs that these early 2022 halcyon vibes may not last all year, one observer said. Source
Breed VC, a new crypto-focused firm, has closed fundraising for its first fund and brought in a “considerable portion” of its $20 million target, founder and general partner Jed Breed told CoinDesk during an interview. The fund was backed by prominent crypto investor Nic Carter, Tribe Capital and Shima Capital, among others. Source
“It’s not unexpected” for Cumberland to announce support for crypto transactions denominated in Canadian dollars, said Alex McDougall, president and CEO of Stablecorp, a fintech firm that created QCAD, a stablecoin pegged to the Canadian dollar. “It will be interesting to see if the entry of a major global player like this impacts Canadian dollar pricing out to end retail customers as we still pay a significant spread in Canada,” he added. Source
The fund started to navigate much of the portfolio away from altcoins and into ether (ETH) in the late spring, Pantera co-chief investment officer Joey Krug said on the call. The timing would’ve matched up with the collapse of Terra’s USDT stablecoin and sister coin Luna, which triggered the collapse of lender Celsius. Source
Boldstart Ventures and IBI Tech Fund led the round, with additional investments from Nexo, Blockdaemon, Borderless, Alchemy, and CMT Digital, among others. The capital will support the firm’s goals to provide a “proactive security and risk prevention platform” for Web 3 companies, decentralized finance protocols and other players in the crypto world, according to Hyperative co-founder and CEO Gal Sagie. Original Source FirmfundingHypernativeSecuresSecuritySeedWeb3 CryptoX Portal
Gryphon previously terminated plans to go public via a reverse merger with Sphere 3D. Original
Authorities in the United States might have discovered yet another possible component of Sam Bankman-Fried’s cryptocurrency empire. U.S. federal prosecutors have alleged that Bankman-Fried has used money from FTX exchange to invest in the venture capital (VC) firm Modulo Capital, according to The New York Times. As previously reported, SBF’s hedge fund and FTX’s sister firm, Alameda Research, invested a total of $400 million in Modulo in 2022, which became one of the most significant investments by SBF. The funding has drawn particular attention from regulators due to Modulo — a…