Crypto

A new bankruptcy filing, first reported by CNBC, shows that FTX's corporate funds were used to purchase homes in the Bahamas among other personal items. The details arise less than a week after the now infamous crypto exchange filed for bankruptcy — a decision that founder

During an unprecedented bull run, crypto-focused investors raised, and deployed, billions of dollars in capital. But now, not only are VCs operating in a bearish crypto market, they are navigating the fallout of the FTX collapse and the potential impact it will have on their investment strategies m

With new information coming to light about the FTX saga every day, it's certainly an interesting time for cryptocurrency. Just ask our technewss colleagues at TC Sessions: Crypto today. As we figure out if any of this has damaged trust in the industry and funding for startups, adoption of cryp

Binance co-founder and CEO Changpeng Zhao, also known as CZ, commented on the collapse of FTX at technewss Sessions: Crypto 2022. He played down his personal role in the series of events that ultimately led to FTX filing for bankruptcy. “I still don't think I have that much influence. I thin

Scores of crypto-focused venture capital firms have raced to India in the past two years, hoping to turn the world’s second largest internet market’s large developer community into a key web3 power house. But what does Changpeng “CZ” Zhao, arguably the most powerful and infl

We are on the verge of a new phase of the web, or so the story goes. Its proponents have labeled it web3. While last week's implosion of systemically important crypto exchange FTX showed that the tech industry is far from realizing that vision in terms of execution, the concept of web3 has been

FTX's investors are continuing to deal with the fallout from the cryptocurrency exchange's bankruptcy. In a statement today, Temasek, the investment firm owned by Singapore's government, said it wrote down its full investment in FTX, “irrespective of the outcome of FTX's bankruptc

The saga of FTX, formerly one of the world's largest crypto exchanges that fell rapidly into bankruptcy, took a new turn today after Vox published a series of messages with its former CEO Sam Bankman-Fried. The erstwhile executive, known in the crypto world as SBF, discussed regulators, ethics

We can't think of a more exciting moment in time to host TC Sessions: Crypto — it opens tomorrow, November 17, in Miami. The past two weeks have been a wild roller-coaster ride — to say the least — and there's not a better place to unpack everything that's happened. Be in the room

Matter Labs has raised a $200 million Series C funding round co-led by Blockchain Capital and Dragonfly. Matter Labs is better known for its work on zkSync, an Ethereum scaling solution that drastically reduces the cost of Ethereum transactions. LightSpeed Venture Partners, Variant and Andreessen H

Yakoa, an NFT fraud detection startup, has raised $4.8 million to build tools to fight intellectual property fraud in web3, the company exclusively told technewss. One of the most common attacks Yakoa sees is people making copies of NFTs and claiming them as their own work, Andrew Dworschak, co-fo

Although FTX collapsed last week, raises their ventures team contributed to are still being announced. Joepegs, an NFT marketplace on the Avalanche blockchain, raised $5 million in a seed round led by now-defunct FTX Ventures and the Avalanche Foundation, its co-founders, who go by

If you want to better understand exactly how big a deal it is that the cryptocurrency exchange FTX just imploded, you could do worse than talk with David Pakman, an entrepreneur turned venture capitalist. After logging 14 years with the investment firm Venrock, Pakman — who led Venrock’

A number of crypto exchanges are rushing to publish proof of reserves in a seeming attempt to reassure investors their funds are safe as fellow exchange FTX melts down. Proof of reserves (PoR) are independent audits by third parties that aim to provide transparency and evidence that a custodian hol