Firm Archives

Asset Management Firm Raises $70 Million Amid Crypto Winter

December 16, 2022 boss

Cryptocurrency exchange-traded products are gaining traction due to their benefits to investors. These products expose investors to the crypto market without owning the underlying asset. Investing in ETFs allows users to enjoy institutional custody and transparent and simplified trading through brokerage accounts. Crypto assets are highly volatile, with complex trading rudiments. Therefore most investors find it more comfortable investing in ETFs as they protect them from direct exposure to risks in digital asset trading. Due to these benefits, crypto exchange-traded products have gained more traction. In a press release, CSOP…

Crypto Trading Firm Amber Group Raises $300M Series C After FTX Contagion

December 16, 2022

The round was led by Fenbushi Capital U.S., and other crypto investors and family offices, the firm said on Twitter. Singapore’s investment fund Temasek, heavyweight venture capital firm Sequoia Capital China and Coinbase Ventures have previously invested in Amber Group, according to information platform Crunchbase. Source

Embattled Crypto Firm FTX Wants to Sell Its Functioning Units, Including LedgerX

December 16, 2022

Crypto exchange FTX petitioned a federal court for permission to sell several subsidiaries on Thursday, including U.S.-based derivatives wing LedgerX. Source

Web3 Infrastructure Firm Blocknative Raises $15M for Ethereum Block Building Market

December 15, 2022

The funding was led by Blockchain Capital, Foundry Group, Rho, IOSG Ventures, Robot Ventures, Fenbushi Capital, HackVC, Industry Ventures and others, and the financing will accelerate Blocknative’s initiatives in the block building market in the Ethereum ecosystem. Source

The Sandbox Onboards Security Firm OpenZeppelin to Protect Its Platform from Attacks

December 15, 2022

“With over 4.3 million registered wallets, The Sandbox is a major actor in Web3 democratization,” said Borget. “OpenZeppelin’s security services help build a reliable framework and reinforce trust in our ecosystem, a key factor in onboarding more newcomers to our platform and to Web3 as a whole.” Source

Nasdaq warns Bitcoin mining firm Bitfarms about share price deficiency

December 14, 2022 boss

The Canadian Bitcoin (BTC) mining firm Bitfarms is facing compliance challenges over its listing on Nasdaq due to the ongoing cryptocurrency winter. Bitfarms received a warning notification from Nasdaq on Dec. 13 because the company’s share price has stayed below $1 for 30 consecutive working days. Announcing the news on Dec. 14, Bitfarms said that it has an initial period of 180 calendar days to regain compliance with the requirements from Nasdaq. In order to regain compliance, Bitfarms’ shares should close at $1 per share for a minimum period of 10…

Crypto Firm Binance Refutes Allegations Of Money Laundering

December 13, 2022 boss

The crypto sector has been a subject of divided opinions since the inception of Bitcoin and its meteoric rise. While the assets have benefits like fast transactions and decentralization, some risks include fraud and criminal activities. More recently, during the crypto winter of 2022, some catastrophic events led to negativity among crypto users. The collapse of FTX – one of the world’s largest exchanges, was a pivot point sending shockwaves throughout the crypto world. Since the event, individuals and bodies have called for crypto regulation. Some individuals now prefer to…

$1.6B FTX International Customers Group Hires Law Firm to Create Official Bankruptcy Committee

December 13, 2022

The non-U.S. FTX customers, led by Eversheds Sutherland attorneys Sarah Paul and Erin Broderick, had already formed the first FTX ad hoc group, and as an official committee, would be granted additional consultation and approval rights within the Chapter 11 case, including being entitled to payment of professional fees by the bankruptcy estates. Source