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The fund, planned as a separate legal entity from the Bankless podcast, will nonetheless share its brand and likely enjoy the clout of one of the better-known content platforms in crypto media. One venture capital source said the combo of platform and investing arm would mean “incredible deal flow” for
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Terraform Labs said that UST, Terra’s ill-fated “decentralized” stablecoin, would stay pegged to the price of $1 solely as a result of a state-of-the-art “algorithm.” That algorithm – which was codified in blockchain-based computer code called smart contracts – was supposed to print and burn Luna, UST’s speculative sister token,
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Later this month, Canada’s umbrella markets regulator, the Canadian Securities Administrators (CSA), will tighten requirements for cryptocurrency exchanges operating in the country, according to two people who have been briefed on the plans. Source
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Creditors have waited nearly a decade to get a portion of their money back after Mt. Gox – one of the first and, at one time, the largest crypto exchanges in the world – was hacked in 2014. Hackers made off with 850,000 BTC, a sum valued at $460 million
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Nearly $13 million has been moved into the consolidation wallet of bankrupt crypto trading firm Alameda Research in just 24 hours, revealed data from blockchain security firm PeckShield on Feb. 2. The address received $6 million in Tether (USDT) and $2.5 million in Ether (ETH) from crypto exchange Bitfinex’s hot wallet,
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The Proskauer group takes the tally to $1.8 billion, with more to come in the form of a third ad hoc group being represented by Kirkland & Ellis, the law firm representing bankrupt crypto firms Celsius and Voyager Digital, the second source said. The amount of loans this third group
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Sources told CoinDesk that FTX was used as a bank by many of its employees. Now, their money is probably gone. Original Source
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According to a filing published by the U.S. Bankruptcy Court for the Southern District of New York, the crypto lending firm Celsius has been given a final bid deadline of October 17, 2022. Following the bankruptcy court’s final bid deadline, a sale hearing is scheduled for November 1. A report
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One of the sources said "the workforce has been cut from several departments including customer support, HR, and other departments. Managers, Analysts, Associate Managers/Team leaders were among those laid off." The entire public policy and communication team was fired, according to another employee who lost his job. Original Source
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The new venture fund, which will remain under the DeFiance name, will focus on liquid crypto investments with a target of raising about $100 million, one person familiar with the matter said. DeFiance is focusing its efforts on institutional investors such as fund of funds and family offices, that person
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