Crypto Biz: A peek into BlockFi’s secret financials (it’s not pretty)
How much exposure does BlockFi have to Sam Bankman-Fried failed enterprises? A lot, according to accidentally leaked financials.
DCG companies laid off over 500 employees as contagion spreads
Cryptocurrency exchange Luno fired 330 employees on Jan. 25, joining other DCG companies in cutting headcount.
Venture capital investments into blockchain continue to free-fall: Report
Q4 2022 saw investment capital inflows of $2.3 billion, continuing the trend since April sparked by the collapse of Terra and subsequent fallout.
Injective launches $150M ecosystem fund to boost DeFi, Cosmos adoption
“DeFi has proven to be a resilient and reliable option for users in the face of the overarching CeFi collapse in 2022,” said Eric Chen, CEO of Injective Labs.
Blockchain developer QuickNode raises $60M at $800M valuation
Like other blockchain developers, QuickNode is pivoting sharply into Web3 — a sector that has attracted keen venture capital interest.
FTX VCs liable to ‘serious questions’ around due diligence — CFTC Commissioner
The lack of recordkeeping of FTX coupled with “an auditor no one’s ever heard of” forces the CFTC to ask questions about the mindset of the institutional investors.
Crypto Biz: SBF’s newest Excel spreadsheet reveals all
FTX's debtors are applying "Herculean" effort to unearth the exchange's remaining assets. Meanwhile, Sam Bankman-Fried claims FTX US is solvent.
Former FTX US president raises $5M for new crypto software firm
Brett Harrison departed FTX US roughly two months before FTX Group filed for bankruptcy, citing "cracks" in his relationship with SBF.
Crypto could solve venture capital’s due diligence problem — VC exec
Due diligence has always been an issue in the venture capital space according to a VC executive, but crypto offers a solution: A public and immutable ledger.
Deal Box launches $125M blockchain and Web3 venture fund
The firm previously specialized in tokenizing equity and bond issuance for startups.