Business
The fund will focus on seed-stage projects that can make it easier for developers to build in the space, said managing partner Boris Revsin.
Insiders at Alameda Research were reportedly in the dark about the fact that the trading firm was about to go under.
Tech
A single scammer appears to have stolen 234 ETH from four different Friend.tech users over 24 hours.
After opening statements, two people, a former FTX customer and a close friend of Bankman-Fried’s since college, testified in court today.
Regulation
Sam Bankman-Fried’s image as a golden boy resulted largely from wealthy, powerful individuals who created a mythology that ultimately cost average investors.
The startup, which raised $23 million in a funding round last year, also confirmed new layoffs but denied the company was shutting down.
Backers of the Hong Kong-focused blockchain fund included the family office of Cameron and Tyler Winklevoss.
Project Atlas, backed by a group of central banks, is tracking the cross-border capital flows to determine the economic importance of cryptocurrencies.
The U.S. securities regulator argued that its original complaint against Coinbase successfully makes the case that crypto assets offered on the platform are securities.
The market making firm is one of the largest creditors of bankrupt crypto exchange FTX, according to Michael Lewis’ book.
