Multicoin Capital, a top-tier crypto venture capital firm, has revealed its more than $25 million stake in FTX via its $430 million venture fund, according to a letter obtained by The Block. Th...
Tag: Fund
Binance Forming Crypto Industry Recovery Fund to ‘Reduce Further Cascading Negative Effects of FTX’ – Coinotizia
Cryptocurrency exchange Binance is forming an industry recovery fund to “reduce further cascading negative effects of FTX,” said CEO Changpeng Zhao (CZ). “As an industry, we need to increase transpare...
Binance Announces Crypto Recovery Fund, Is Self-Regulation Coming?
Binance CEO Changpeng Zhao announced that his company would be launching a recovery fund to stabilize the cryptocurrency industry. The main purpose for the fund would be “to reduce further cascading n...
Binance Forming Crypto Industry Recovery Fund to ‘Reduce Further Cascading Negative Effects of FTX’ – Bitcoin News
Cryptocurrency exchange Binance is forming an industry recovery fund to “reduce further cascading negative effects of FTX,” said CEO Changpeng Zhao (CZ). “As an industry, we need to increase transpare...
Binance Announces Recovery Fund For Crypto Firms In Liquidity Crisis ⋆ ZyCrypto
Advertisement     The giant crypto exchange aims to mitigate FTX-induced effects in the industry. Tron’s founder, Justin Sun, has pledged support for the new initiativ...
Fund Flows into XRP Signal Change in Investors’ Mood
Gamza Khanzadaev XRP fund flows indicate change in investors’ sentiment around Ripple v. SEC battle The sentiment of investors who sent more than $1 million into XRP-oriented investment products...
After FTX, Binance launches the recovery fund
After the collapse of the FTX exchange last weekend, this is not the first time Binance CEO Changpeng Zhao has spoken on the subject. The latest update is the tweet of a few hours ago, in which Binan...
CZ recovery fund for crypto projects in liquidity crisis
Bitcoin and crypto prices shot up this morning on the news that CZ wants to put together an “Industry Recovery Fund” in order to support strong projects undergoing a liquidity crisis. All crypto was t...
CZ & Binance leading the industry recovery fund initiative, what to expect?
FTX’s liquidity ordeal and eventual bankruptcy declaration last Friday is unarguably a disruptive hit to the stability of the cryptocurrency market. While FTX’s users directly lost billions in stuck c...
Binance Industry Recovery Fund Not For Terra Classic – Terra Rebels
– Advertisement – ReXx of the Terra Rebels discloses that Recovery Fund from Binance is not meant for Terra Classic. ReXx, a prominent Terra Rebels admin, recently revealed that neither ...
Binance announces ‘Industry Recovery Fund’ to help cash-strapped projects
The crypto-industry has been trying to wrap its head around the unexpected collapse of the world’s second-largest crypto exchange FTX. On one hand, investors are anxious about the safety of their fund...
Binance to launch ‘recovery fund’ for strong projects with liquidity crisis
Binance CEO Changpeng ‘CZ’ Zhao revealed on Nov. 14 that the exchange would launch an industry recovery fund to help strong projects in a liquidity crisis. To reduce further cascading negative effects...
Binance creates industry recovery fund to help projects struggling with liquidity
As the effects of the FTX crisis continue to affect the markets negatively, crypto exchange Binance is creating a fund to help potentially strong projects that are having liquidity issues. In a tweet...
Bitcoin Spikes, CRO Jumps, “Industry Recovery Fund” Announced – Trustnodes
Bitcoin suddenly jumped 10% from $15,800 to nearly $17,000 while Crypto.com’s CRO rose 15% from 59 cent to 69 cent. The exact reason is not clear but CRO had plunged more than 20% from 80 cent on spec...
Binance CEO “CZ” Announces Crypto Market Recovery Fund
Binance CEO “CZ” on Monday announced forming an industry recovery fund as the FTX crisis tanks the crypto market. Binance’s recovery fund will help long-running successful projects affected by the liq...
Binance will launch a new ‘industry recovery fund’
Binance will launch a new fund to help prop up crypto projects facing liquidity crunches. Changpeng Zhao, Binance’s CEO, tweeted about the plan early on Nov. 14. “To reduce further cascadi...
Bitcoin Skyrockets by Almost $1,000 as Binance’s CZ Announces Industry Recovery Fund
The primary cryptocurrency, as well as the entire cryptocurrency market, experienced a sudden surge associated with the latest tweets by the CEO of the world’s largest exchange, Binance. CZ took to Tw...
Bitcoin and Crypto Markets Pop As Binance CEO Announces Industry Recovery Fund
An announcement from Binance CEO Changpeng Zhao has triggered an immediate rise in the price of Bitcoin and the overall crypto markets. Zhao says he’s forming an “industry recovery fund” to support co...
FTX Balance Sheet Shows A Deep Hole, Fund Recovery Difficult
A lot has been happening for crypto exchange FTX ever since it filed for bankruptcy last Friday, November 11. A severe drop in FTX’s crypto assets and unauthorized withdrawals shows that customers hav...
FTX Exchange Foundation’s Future Fund Team Dismissed
After condemning the exchange’s behaviour, the team behind FTX Future Fund, a project of the FTX Foundation, has now been dismissed. The team noted in a post on Effective Altruism Forum, “We wer...
Ray Dalio, Founder of Hedge Fund Giant Bridgewater, Sees More Pain Ahead
Ray Dalio founded Bridgewater Associates in his Manhattan apartment in 1975 and grew it into a hedge fund colossus—with about $150 billion in assets—through astute analysis of macroeconomic trends. Al...
Crypto Fund Galois Capital Has Half of Its Capital Trapped on FTX
Crypto hedge fund Galois Capital told CoinDesk in a Telegram message on Saturday that around half of its funds are stuck on FTX, the beleaguered crypto exchange which filed for chapter 11 bankruptcy p...
Ontario Teachers Sunk $95M in FTX—Pension Fund Says Collapse Will Have ‘Limited Impact’
The Ontario Teachers’ Pension Plan says the $95 million it invested in FTX Trading and FTX US will have a “limited impact” on the plan. The investment represents 0.05% of its total net assets, t...
Hedge Fund Galois Capital Discloses ‘Roughly Half’ of the Firm’s Capital ‘Stuck on FTX’ – Bitcoin News
According to the co-founder of Galois Capital, the hedge fund manager who warned about the Terra collapse before it happened, half of the hedge fund’s capital is left trapped on FTX. Galois co-founder...
Prominent Hedge Fund Galois Capital Reveals Exposure to FTX
8 seconds ago | 2 mins read Exchange News The FTX crypto exchange has trapped half of the hedge fund’s monitored assets. Zhou advised investors that they might withdraw some money from the exchange. T...
FTX Reportedly Hacked as Telegram Group Admin Comments on Possible ‘Malware’ Present in Apps, Irregular Fund Movements Registered Onchain – Bitcoin News
Admins of the Telegram group of the FTX community stated that the platform had been hacked and all of the funds of the exchange seemed to be gone. FTX U.S. General Counsel Ryne Miller, who reportedly ...
This Hedge Fund Might Collapse Over FTX Hack
FTX Hack News: The FTX cryptocurrency exchange’s collapse has marked a major dent in the global digital asset market. It is expected that this decline might continue ahead. However, a major Hedge fund...
Crypto hedge fund Galois Capital says half of funds stuck on FTX: FT
Crypto hedge fund Galois capital has told its investors that almost half of its funds are stuck on the failed crypto exchange FTX, according to a report in the Financial Times. Kevin Zhou, co-f...
LBank Labs Establishes Blockchain and Crypto Investment Fund to Support the Development of Web3 in Africa
Blockchain Crypto Investment Group, LBank Labs, announces the establishment of their new crypto investment fund targeted towards web3 development in Africa. LBank Labs plans to establish a series of ...
FTX’s ‘Future Fund’ team, cites ‘deceit and dishonesty’ – crypto.news
In an earlier press release, the FTX’s future team claimed in an open resignation letter that they could not complete their work or handle grants and had “fundamental questions” regarding the reliabil...
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