A New Jersey bankruptcy court judge has approved BlockFi’s request to offer bonuses to top staff. “It offers the debtor and the employee an opportunity to move forward and maximize the estate,” ...
Tag: Deals
FTX debtors, Bahamian liquidators object to U.S. Trustee’s examiner request
Allowing an examiner to investigate the FTX bankruptcy would “come at an enormous cost” and “provide no benefit” to creditors, lawyers for the troubled crypto exchange said in a court filing. T...
Bitcoin.com CEO Roger Ver says he has funds to pay almost $21 million to Genesis
Bitcoin.com CEO Roger Ver, also known as “bitcoin Jesus,” says he has enough funds to pay Genesis after its affiliate GGC International Limited said he failed to settle nearly $21 million in cry...
BlockFi has no ‘secret financials’ after filings show $1.2b exposure to FTX, Alameda
Failed crypto lender BlockFi says it “disclosed accurate information” to a New Jersey bankruptcy court after an unredacted court filing showed the firm has a $1.2 billion exposure to troubled exchange...
QuickNode reaches $800 million valuation in Series B round
QuickNode, a web3 infrastructure firm that provides blockchain development tools, reached an $800 million valuation in a $60 million Series B round. Dan Tapiero’s 10T Holdings led the roun...
How Venture Capital Firms are Leveraging Relationships to Attract Deals and Investors – Cryptopolitan
In today’s fast-paced and highly competitive startup ecosystem, venture capital firms (VCs) are always on the lookout for new ways to gain an edge. One strategy that has proven to be effective for man...
Netflix Big Deals Add Heat To Chilly Sundance Streaming Film Market
(Fair Play image courtesy of T Street and MRC) Park City, Utah – Five days into the Sundance Film Festival’s return to in-person festivities and the single-digit temperatures outside have been somethi...
‘Deals to be had:’ Homebuyers should ask for these incentive while they have the upper hand
The housing market is finally tipping in favor of buyers, and that means they can walk away with more than just a decent deal on a home. Around 42% of homes sold in the final three months of 2022 incl...
Law firm Sullivan & Cromwell can represent FTX debtors, judge rules
White shoe law firm Sullivan & Cromwell can represent FTX debtors in the trouble exchange’s bankruptcy case, a Delaware bankruptcy court judge ruled. “There’s no evidence of any actual confl...
Genesis aims to move ‘quickly and efficiently’ to exit bankruptcy, interim CEO says
Genesis has a roadmap to exit bankruptcy and hopes to do so as “quickly and efficiently as possible,” interim CEO Derar Islim told clients this morning in a letter obtained by The Block. ...
Genesis owes more than $3.6 billion to top 50 creditors
Genesis Global, which filed for bankruptcy protection in New York late Thursday, owes more than $3.6 billion to its top creditors. After filing for Chapter 11 bankruptcy protection in the U.S. B...
Here’s What We Know About Prince Harry And Meghan Markle’s $135 Million Deals
Topline Prince Harry and Meghan Markle have been fast at work unveiling a slew of ventures since they shocked the world by stepping down as working royals three years ago, launching into books—with Ha...
New FTX CEO says the crypto exchange could be restarted: WSJ
Update: Former FTX CEO Sam Bankman-Fried responded on Twitter to John Ray III’s plan to restart the exchange. “I’m glad Mr. Ray is finally paying lip service to turning the exc...
New billion-dollar Abu Dhabi fund will look far and wide for web3 deals
Abu Dhabi-based Venom Ventures Fund’s announcement last week that it’s ready to plough $1 billion into web3 applications certainly caught the eye — not least of all because it came after a disastrous ...
Bitzlato Exchange Busted as US Deals ‘Blow to Crypto Crime,’ Arrests Owner – Exchanges Bitcoin News
Cryptocurrency exchange Bitzlato, better known to the Russian-speaking segment of the market, has been taken down as part of an “international cryptocurrency enforcement action,” the U.S. Justice Depa...
CoinDesk explores full or partial sale to attract growth capital, CEO says
Crypto media outlet CoinDesk may pursue a full or partial sale to fuel future growth, CoinDesk confirmed to The Block. CoinDesk is seeking advisory services from Lazard, a firm specializing in m...
Genesis creditors negotiating prepackaged bankruptcy: Sources
Genesis Global Capital creditors are negotiating a prepackaged bankruptcy plan with the firm, two sources familiar with the talks told The Block. Creditors like the Winklevoss twins’ Gemi...
Pantera and Archetype co-lead $12.5 million Series A round for Obol Labs
Obol Labs, a startup aiming to make proof-of-stake blockchains more secure, raised $12.5 million in Series A funding. Investment firms Pantera Capital and Archetype co-led the round, with addit...
Crypto investor HashKey Capital closes third fund at $500 million
Crypto investment firm HashKey Capital has closed its third fund by raising $500 million. The fund comes as the industry is reeling under pressure from recent collapses and the bear market. Dubb...
TaxBit acquires rival crypto accounting platform Tactic
TaxBit, a crypto tax and accounting software provider, has acquired rival Tactic to expand its offerings. The acquisition, TaxBit’s first, will help expand its existing corporate accountin...
Vauld gets creditor protection until Feb. 28 — shorter than requested
Troubled Asian crypto lender Vauld has received a further extension to its legal protection from creditors — albeit a shorter delay than requested. The company now has until Feb. 28 to explore o...
Coinflex says new exchange with 3AC founders won’t use GTX name after Twitter ridicule
Coinflex said that a proposed exchange for trading claims won’t use GTX for its name after a proposal to raise $25 for the project had been widely mocked on Crypto Twitter. “Buildin...
3AC founders Zhu and Davies pitch to raise $25 million for new crypto exchange
Su Zhu and Kyle Davies, the founders of collapsed crypto hedge fund Three Arrows Capital (3AC), are hoping to raise $25 million to start a new crypto exchange called GTX, according to two separate pit...
Tanking Biotech Stocks Will Mean a Big Year for Deals. Who Could Benefit.
Nearly two years after biotechnology stocks began to tumble, executives at small and midsize companies in the space are finally accepting that share prices aren’t bouncing back anytime soon. With real...