The post Binance Allocates Additional $1B for Crypto Recovery Fund appeared first on Coinpedia Fintech News Crypto exchange Binance has allocated another $1 billion for its industry recovery fund, eff...
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Binance aims crypto recovery with $1B Fund, 7 others with $50M
Binance, the world’s largest crypto exchange, revealed an Industry Recovery Initiative—a $1 billion fund to help crypto companies in need. Now, other companies are jumping in to contribute. The collap...
Binance Confident to Raise $2 Billion for Its Crypto Recovery Fund
Ever since the collapse of the crypto exchange FTX, Binance chief Changpeng Zhao has been actively working to set up a recovery fund to help distressed, yet fundamentally strong firms. Besides, Binanc...
Bybit Exchange to Support Its Institutional Clients with $100M Fund
Besides Bybit floating the $100 million fund to support its community, the exchange has had to go the extra mile in showing its users that it is liquid, solvent, and can be trusted. Singapore-based cr...
Bybit launches $100M support fund for institutional traders
Crypto derivatives exchange Bybit has launched a new support fund to help institutional traders access liquidity in the wake of the FTX collapse — an event that triggered a fresh wave of panic selling...
Binance aims to allocate $1 billion for crypto recovery fund
Binance intends to allocate $1 billion for a proposed industry recovery fund, while its CEO revealed intent in a new bid for assets of bankrupt cryptocurrency lending firm Voyager by its United States...
Binance SAFU Insurance Fund is 44% Backed by its Own Token
Binance’s emergency insurance fund is largely comprised of a cryptocurrency tied to the company itself, according to on-chain data. The two addresses associated with the fund show that its BNB tokens...
Bybit Introduces $100M Institution Support Fund
9 seconds ago | 1 min read Exchange News As a result of the crisis surrounding FTX, the cryptocurrency industry has been shaken to its core during the last two weeks. Both traders and organizations ha...
Binance Commits $1B to Crypto Industry Recovery Fund
Key Takeaways Binance has announced its Industry Recovery Initiative, a $1 billion fund to help crypto companies in need. Other companies including Polygon Ventures and Animoca Brands have also contri...
Billionaire Changpeng Zhao Exploring $1,000,000,000 Fund To Purchase Distressed Crypto Assets
Binance CEO Changpeng Zhao says he’s planning to set up a $1 billion fund to rescue distressed crypto assets. In a new interview with Bloomberg TV, the billionaire says the fund is intended to help th...
Binance creates $1 billion crypto industry fund after FTX collapse
Binance’s Co-founder & CEO Changpeng Zhao has given several interviews discussing the outlook for cryptocurrency following a turbulent couple of weeks in the market. NurPhoto / Contributor /...
Jump Crypto, Polygon Ventures, GSR contribute to Binance’s $1 billion recovery fund
Binance’s industry recovery fund, to which it’s already contributed $1 billion, has attracted some big names early on including Jump Crypto, Polygon Ventures and market maker GSR. A...
Proximity Labs unveils $10 million developer fund for trading protocols on Near
Blockchain research and development firm Proximity Labs and three decentralized exchanges on the Near Protocol blockchain — Orderly Network, Spin, and Tonic — have announced a $10 million developer fu...
Bybit Introduced a $100 Million Fund to Support Institutional Clients
Crypto Live News Author: Qadir AK Nov 24, 2022 17:14 Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocu...
Binance CEO “CZ” Reveals Plans On FTX, Industry Recovery Fund
Binance CEO Changpeng “CZ” Zhao in an interview with Bloomberg on Thursday answered questions on FTX contagion, Coinbase reserves, industry recovery fund, etc. He believes there will be some contagion...
New York AG wants retirement fund crypto ban
The upheaval that surrounded the cryptocurrency exchange FTX and Sam Bankman-Fried (SBF) confirmed the conviction of authorities that there is a need for stronger regulation throughout the whole crypt...
Binance targets $1 billion for ‘industry recovery fund’
Crypto exchange operator Binance is aiming to amass around $1 billion for its recently announced “industry recovery fund.” CEO Changpeng “CZ” Zhao discussed the plan on B...
Binance CEO “CZ” Discusses FTX Contagion, Recovery Fund, Voyager Bid
Crypto News Today Live Updates November and Latest News: (24 November 2022) The global digital asset market managed to record recovery for the straight second day after the major dump. The total crypt...
FTX Assets Missing, Stolen; This Fund Sees Bitcoin At $1 Million
FTX’s bankruptcy team is struggling to track down all of the cryptocurrency exchange’s assets after it collapsed and filed for Chapter 11 on Nov. 11. In a bankruptcy court hearing Tuesday,...
Google looks to shed 10,000 ‘poor performing’ workers: report
Another major tech titan is bracing for thousands of layoffs. Alphabet Inc.’s GOOGL, +1.45% GOOG, +1.53% Google is considering 10,000 layoffs — or 6% of its worldwide workforce — based on a ranking sy...
3AC founder weighs in on crypto climate, hints at setting up new fund
Su Zhu, the man behind Three Arrows Capital, had been silent on social media following the collapse of his crypto hedge fund earlier this year. That was until the crypto industry was jolted by an even...
Foresight Ventures Launches $10M Web3 Startup Fund, in Spite of Market Turmoil
Established in 2020, Foresight Ventures has invested in Web3, non-fungible token, gaming and decentralized finance (DeFi) projects. Last year, AUM increased to $400 million from $80 million following ...
Binance CEO Denies Seeking Middle East Cash for Crypto Recovery Fund
Alex Dovbnya Binance CEO Changpeng Zhao has denied meeting with potential investors in Abu Dhabi in order to seek funding for a new recovery fund In a recent tweet, Binance CEO Changpeng Zhao denied t...
ENS DAO votes for Karpatkey to manage its endowment fund
ENS DAO, the decentralized community for the Ethereum Name Service project, has voted to select the treasury management platform Karpatkey DAO to manage its endowment fund. The vote, which began...
$100m EOS Fund Aims to Usher in New Era for…
Image source: Twitter The recent announcement of a $100m war chest for EOS projects caught the crypto community by surprise, not least due to an otherwise gloomy picture in the markets following the ...
Blackstone’s Breit Retail Real Estate Fund Suffers First Significant Outflows
Blackstone ‘s big retail real estate fund experienced sizable net redemptions for the first time, in a potentially worrisome development for what has become one of the firm’s most important products a...
Ethereum Name Service Selects Karpatkey DAO as Endaoment Fund Manager
In an interview with CoinDesk, Facundo Peláez, Karpatkey’s business development manager, said, “It’s been a great exchange that has been in the forum, on the diversity of voices, how everybody could j...
Binance CEO denies report firm met with Abu Dhabi investors for crypto recovery fund
Changpeng “CZ” Zhao, CEO of crypto exchange Binance, has denied a report claiming he met with investors in Abu Dhabi in an effort to raise cash for the company’s crypto recovery fund. According to a N...
Binance’s CZ Reportedly in Talks with Abu Dhabi Investors on Industry Recovery Fund
Binance’s CEO, Changpeng Zhao (CZ), reportedly met with investors from Abu Dhabi to discuss the recently announced cryptocurrency industry recovery fund. The CEO of the world’s leading exchange met w...
Binance CEO met with Abu Dhabi investors about industry recovery fund: Bloomberg
Binance CEO Changpeng “CZ” Zhao met with investors in Abu Dhabi last week in an effort to raise cash for a crypto industry recovery fund, Bloomberg News reported, citing sources. Zha...
Hedge Fund Billionaire Bill Ackman Reverses Stance on Crypto After Years of Skepticism – Here’s Why
Billionaire investor Bill Ackman has taken a completely different stance on crypto after being skeptical of the space for years. Ackman, the founder and chief executive of the hedge fund Pershing Squa...
Opinion: Fidelity sticks with bitcoin 401(k) offerings despite crypto turmoil — but why?
I have to hand it to Fidelity. For their nerves of steel, at least. The company that runs America’s biggest 401(k) platform is sticking with its plans to offer bitcoin in retirement plans. This is des...