Tag: Firm

Korean VC Firm Daesung Private Equity Announces $83 Million Metaverse Fund – Metaverse Bitcoin News

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Daesung Private Equity, a Korean venture capital firm, has announced the launch of a metaverse fund of 110 billion won ($83.5 million). The fund, which will have the participation of the Korean state represented by Korea Venture Investment Corporation’s Korea Fund of Funds, aims to put investments into virtual reality (VR) and digital twins-related businesses. Daesung Private Equity to Launch Metaverse Fund Korean venture capital firm Daesung Private Equity has decided to get into the metaverse investment field. The company announced on Nov. 30 the launch of a metaverse-focused fund,…

Mike Novogratz’s Galaxy Digital Agrees to Buy Self Custody Firm GK8 From Celsius

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Binance hires audit firm that served Donald Trump to verify crypto reserves

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Cryptocurrency exchange Binance is working with accounting firm Mazars as part of its proof-of-reserve (PoR) audits triggered by the fall of FTX. Mazars, the accounting firm that worked for former United States President Donald Trump’s company, was appointed as an official auditor to conduct a “third party financial verification” as part of Binance’s PoR updates, the Wall Street Journal reported on Nov. 30. The accounting firm is reportedly already reviewing all of Binance’s publicly shared information on Bitcoin (BTC) PoR and will also be verifying future updates and tokens, a…

BlackRock CEO Larry Fink Says Firm Invested $24M in FTX: Reuters

CryptoX – Cryptocurrency Analysis and News Portal Speaking at the New York Times Dealbook conference, Fink also said it looked like there were misbehaviors in FTX, but wouldn’t speculate on whether BlackRock and venture-capital firm Sequoia, which had invested $214 million in FTX and has since marked that amount down to zero, were misled by FTX, Reuters reported. Source The post BlackRock CEO Larry Fink Says Firm Invested $24M in FTX: Reuters appeared first on CryptoX. CryptoX Portal

Crypto trading firm Auros Global misses DeFi payment due to FTX contagion

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Crypto trading firm Auros Global appears to be suffering from FTX contagion after missing a principal repayment on a 2,400 Wrapped Ether (wETH) decentralized finance (DeFi) loan. Institutional credit underwriter M11 Credit, which manages liquidity pools on Maple Finance, told its followers in a Nov. 30 Twitter thread that the Auros had missed a principal payment on the 2,400 wETH loan, which is worth in total around $3 million. M11 Credit suggests that it is always in close communication with its borrowers, particularly after events in the last month, and…

Bitcoin Custody Firm Casa to Add Ethereum Support

The app works by leveraging crypto’s multisignature, or “multisig” functionality. Multisig is when a user needs more than one signature to spend crypto funds. A user holding bitcoin (BTC) in a Casa wallet for example, could use a “2-of-3” multisig, meaning, three private keys exist, but only two are required to spend funds. If the user loses one key, they can still access their funds with the remaining two (one of which is entrusted to and securely stored by Casa). Source

Crypto Services Firm Prime Trust Has Fired CEO Tom Pageler

The abrupt firing marks the latest shakeup in crypto this month after FTX and Alameda Research’s market-shattering collapse. It was not immediately clear whether Prime Trust, which supports crypto custody and transaction processing, had any exposure to FTX or other recently bankrupt crypto companies, such as BlockFi. Source

Ukraine-based blockchain firm blasts ‘fake news’ for crypto donation rumors amid FTX collapse

Everstake, a blockchain firm that partnered with the Ukrainian government to launch a donation website amid the country’s war with Russia, has pushed back against online rumors and conspiracy theories that the platform was used for politically motivated money laundering.  Ukrainian government officials partnered with Everstake, Kuna and the now infamous crypto exchange FTX to launch Aid for Ukraine in March following the Russian military’s invasion. According to the platform, crypto users and Ukraine supporters sent roughly $60 million in crypto and fiat aimed at supporting Ukraine’s armed forces and…

NFT Firm Candy Digital Cuts Over a Third of the Company’s Staff – Bitcoin News

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With non-fungible token (NFT) sales a lot lower than they were at the start of the year, NFT companies and marketplaces are feeling the pain associated with the second-largest crypto winter to date. According to a report published on Monday and “multiple people familiar with the situation,” the NFT company Candy Digital is laying off over a third of the firm’s staff. After Raising $100 Million in 2021, Report Says Candy Digital Cuts a Third of Its Employees a Year Later On Monday, Sportico’s sports business reporter Eben Novy-Williams reported…