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“In the wake of the market collapse due to multiple [U.S. Federal Reserve interest] rate hikes, and the downfall of bad actors such as Three Arrows Capital, Celsius Network and Terra, risk management comes to the forefront of crypto, particularly in the credit markets,” Camas said. Source
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The former commissioner of the U.S. Commodity Futures Trading Commission (CFTC) Dawn Stump has joined crypto risk monitoring firm Solidus Labs as an advisor. Original Source
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“It is with regret that we announce Skynet Labs has been unable to complete its next round of fundraising and will be shutting down,” CEO David Vorick wrote in the blog post. Skynet, however, will continue to operate as a platform, he said, adding that user files will stay online,
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Ripple Labs, which owns Ripple payments network and maintains the XRP ledger, is the latest company to weigh an acquisition of what, at one time, was one of the crypto industry’s largest lenders with $25 billion in assets; lending rival Nexo made a similar overture in June. FTX was also
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Ansible Labs, a startup building a payments platform for blockchain accounts, has raised $7 million in a seed funding round led by early-stage crypto venture capital firm Archetype. The capital will go toward hiring, liquidity and operational expenses ahead of the first product launch, according to a fundraising deck provided
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While most of the crypto economy’s digital assets have seen significant gains this month, Terra’s luna 2.0 has been stagnant as it has shed 24.37% against bitcoin during the last 30 days. LUNA is down 89.8% from the token’s all-time price high two months ago on May 28. Moreover, the
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The proliferation of cryptocurrencies around the world has been driven by different use-cases, with key differences becoming apparent between developed and emerging market environments.Lou Yu, who heads up KuCoin Labs, tackled the subject after a keynote address during the second day of Blockchain Economy Istanbul in Turkey. In an exclusive
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Layer-1 blockchain developer Aptos Labs has closed a $150 million funding round to further its ambitions in the Web3 space, further highlighting venture capital’s appetite for budding crypto-focused startups. The funding round was co-led by venture studios FTX Ventures and Jump Crypto, with additional participation from Andreessen Horowitz, Apollo, Franklin Templeton
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Layer 1 blockchain Aptos Labs has raised $150 million in a Series A funding round led by FTX ventures, taking the total raised this year to $350 million. Original Source
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A team of South Korean prosecutors recently raided the home of Terraform Labs co-founder Shin Hyun-seong. During an earlier raid that targeted 15 places, including seven cryptocurrency exchanges, the prosecutors reportedly secured terra transaction data. Seven Cryptocurrency Exchanges Targeted South Korean prosecutors investigating the spectacular collapse of Terra’s LUNA cryptocurrency reportedly
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