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The new unit, Luxor Logistics, will focus heavily on streamlining complex customs regulations in different regions by customizing transportation and delivery services, lowering the time required for shipping mining rigs for miners. "With the variety of import/export regulatory demands across different regions, Luxor positioned itself as a knowledgeable and valuable
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The test will explore bilateral digital asset trades, foreign currency payments, multicurrency clearing and settlement, fund management and automated portfolio rebalancing. Source
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Faction, a joint venture with a $25 billion asset-under-management VC firm Lightspeed Venture Partners, typically invests in seed-stage and Series A funding rounds. The firm has investments in Crossmint, Lens, Narya.ai, Skip.money and Matter Labs, the development team behind the zkSync layer-2 network atop Ethereum. Source
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Direct grants of up to 2 million MATIC ($1.55 million) will be offered to later stage projects, Polygon Labs said in an emailed announcement on Thursday. Early stage projects can apply for so-called quadratic funding grants, whereby community members make donations that act as votes on where they are allocated. Source
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The United States Securities and Exchange Commission could approve all 12 of the pending spot Bitcoin (BTC) exchange traded fund (ETF) applications within the next eight days. Bloomberg ETF analysts James Seyffart and Eric Balchunas wrote that starting from Nov. 9 the SEC has a “window” to approve all 12 spot
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BTC's price hasn't seen these lofty levels since May 2022, when the cryptocurrency industry was just starting to get pummeled by scandals. Source
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“Did you have a view that Alameda could borrow, so long as borrows weren’t in excess of assets?” Cohen asked Singh, clearly hoping for some variation of a “yes” answer. Singh, however, seemed to sense a trap. He answered obliquely: there were many “scenarios” where Singh didn’t think Alameda’s borrows
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The Shiba Inu ecosystem has started out the new week on a particularly positive note. The burn rate, which is a community
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"Bankman-Fried relied on Ellison and he trusted her to act as the CEO and manage the day-to-day," Cohen said in his opening statement last week. "... As the majority owner of Alameda, he spoke to Ms. Ellison, the CEO, and he urged her to put on a hedge, something that
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