Zebeth Media Solutions

Author : zebethcontrol

Framework Ventures co-founder says DeFi gives hope following FTX collapse • ZebethMedia

By zebethcontrolPosted on Posted in Crypto, crypto markets, EC Blockchain, EC Cryptocurrency, FTX, investing, VCs, Venture CapitalistsNo Comments on Framework Ventures co-founder says DeFi gives hope following FTX collapse • ZebethMedia

FTX’s downfall will heighten the need for regulation but also pique long-term interest from venture capitalists looking to invest in decentralized finance (DeFi), according to Michael Anderson, co-founder of Framework Ventures. “It just seems obvious that DeFi is the only way that we can continue to do these types of financial services operations in the crypto ecosystem,” Anderson said to ZebethMedia. “It gives us hope and strengthens our resolve that the things we’re pushing for are the right things to be working on.” In April, Framework Ventures launched its third fund at $400 million, with about half of it earmarked for web3 gaming. Anywhere from half to 70% of pitches the firm gets are gaming-related companies, Anderson said. But the recent situation with FTX has the firm “doubling and tripling down on everything we believe in,” which includes DeFi and regulation of centralized finance (CeFi). And while some firms like Multicoin have seemingly lost capital stored on FTX’s crypto exchange, Vance Spencer, co-founder of Framework Ventures, said the firm had no exposure. “Regulation is not something we should be against or preventing,” Anderson said. “Sensible regulation makes sense and now that [former FTX CEO Sam Bankman-Fried] has been removed from the table, we can move forward and get more vocal about centralized finance versus DeFi and the pros and cons of each.”

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SpaceX, Relativity and others urge FCC to stay in its lane • ZebethMedia

By zebethcontrolPosted on Posted in SpaceNo Comments on SpaceX, Relativity and others urge FCC to stay in its lane • ZebethMedia

Major space companies including SpaceX and Relativity are urging the U.S. Federal Communications Commission (FCC) to stick to its purview – spectrum usage – as it looks to potentially update its rules for in-space servicing, assembly and manufacturing (ISAM) missions There is plenty that the FCC could – and should do – to support ISAM missions that sit squarely within its regulatory bounds, companies said. SpaceX and others, as well as startups like Orbit Fab, which wants to build refueling depots in space, and Starfish Space, which is developing a satellite servicing vehicle, submitted recommendations related to spectrum and ISAM. The commission also heard from Blue Origin, Lockheed Martin, United Launch Alliance and other space companies and industry groups. “The biggest chunk of this proceeding is the question of, do we need new spectrum allocation for ISAM?” Brian Weeden, executive director of The Consortium for Execution of Rendezvous and Servicing Operations (CONFERS), explained to ZebethMedia in a recent interview. “And that is absolutely within the FCC’s existing authority.” The FCC requested comments from industry after it opened a new proceeding on ISAM in August. In a statement, the commission said it specifically sought to understand how it could “update, clarify, or modify its rules and licensing processes” to support these emerging capabilities in space. SpaceX, Relativity and others said in their responses that the FCC should bring its considerable authority to bear on issues related to spectrum use and licensing – and only issues related to spectrum use and licensing. “The Commission must handle this potentially important but still nascent industry with care, exercising caution not to unintentionally stifle innovation by stepping outside the authority expressly delegated to it by Congress,” SpaceX said. Relativity Space and the industry association Commercial Spaceflight Federation separately argued that the FCC’s involvement in issues outside of those related to spectrum could result in duplicative approvals processes. These could be especially challenging for smaller startups and newer space entrants to navigate. The new proceeding is one of a handful of actions the commission has taken in recent months to keep pace with the growing commercial space industry. In September, the FCC also updated rules related to spacecraft deorbiting and orbital debris management, voting that satellite operators must deorbit satellites in low Earth orbit 5 years after their mission conclusion, rather than 25. But such actions have raised questions as whether the FCC has sufficient authority to pass such rules. As of yet, Congress has made no gesture toward expanding or extending that authority. FCC Chairwoman Jessica Rosenworcel appeared to tacitly acknowledge these concerns in a speech to the Satellite Industry Association, announcing that the FCC will establish a new bureau dedicated to handling space activities. “The changes I am announcing today are not about taking on new responsibilities at the FCC,” she said. “They are about performing our existing statutory responsibilities better and freeing up resources to focus on our mission.”

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Pixxel’s Awais Ahmed talks going hyperspectral in dual-use at TC Sessions: Space • ZebethMedia

By zebethcontrolPosted on Posted in hyperspectral imaging, Pixxel, Space, TC Sessions: Space 2022No Comments on Pixxel’s Awais Ahmed talks going hyperspectral in dual-use at TC Sessions: Space • ZebethMedia

Orbital imagery is becoming commonplace in industries and defense, but looking beyond the visible spectrum has yet to break through into the mainstream. Pixxel is poised to change that with its hyperspectral imaging satellites, and co-founder Awais Ahmed will join us at TC Sessions: Space in Los Angeles on December 6 to tell us why this tech matters. Hyperspectral imagery includes wavelengths well beyond what people and traditional cameras see, allowing satellites to detect things like polluting gases, the hydration level of soil or concentrations of desirable minerals. Pixxel’s approach is modern and adaptable, with a new imaging stack that slices the wider spectrum into extremely thin slices, allowing very specific detections that would normally take a spectrometer or science mission. Pixxel raised a $25 million A round earlier this year, a coup for the young founders, Ahmed and Kshitij Khandelwal, his fellow graduate from BITS Pilani in Rajasthan, India. The two set out to change orbital imagery and are now in pole position as numerous industries, the military, and climate-monitoring authorities are all seeing the benefits of hyperspectral image data. Ahmed told ZebethMedia recently that the new push toward ESG, as well as a large new tranche of federal funding for climate solutions, is reinforcing existing interest from stakeholders in this area, from climate activists to gas and oil companies. And of course the strategic importance of this type of data is easy to see, which is why Ahmed will be joining us for a discussion of the evolving dual-use sector where startups like Pixxel have twice the opportunity — but also double the responsibility. TC Sessions: Space takes place on December 6 in Los Angeles. Buy your pass today, and then join us to see and learn about the latest space tech from the industry’s most beautiful minds, network for opportunities and build a stronger startup to the stars. Is your company interested in sponsoring or exhibiting at TC Sessions: Space? Contact our sponsorship sales team by filling out this form.

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Pet insurance startups chase the market as pet ownership booms among Gen Z and Millennials • ZebethMedia

By zebethcontrolPosted on Posted in Fintech, insurance, Pets, Startups, VentureNo Comments on Pet insurance startups chase the market as pet ownership booms among Gen Z and Millennials • ZebethMedia

Walk through any public park these days and you will see a hell of a lot more dogs than you might have done three years ago. The loneliness of the pandemic lockdowns led to an explosion in pet ownership. Plus, The demographic of pet ownership has shifted. Whereas previously it was Granny or Grandpa who tended to be the pet owner, now, Gen Z and Millennials represent around 70% of pet owners, according to some statistics. This has created a big fight between insurers over this new market, and has of course predictably led to new startups in the arena. In the UK you can find UK ManyPets, Waggle, PetPlan, while in the US there’s Lemonade, Figo, ManyPets and Trupanion. Over in the EU you’ll find Dalma (France), Lassie (Sweden) and ManyPets (Sweden). Meanwhile, pet insurance start-up Napo has decided to take a particular angle on this topic, not only offering pet insurance but also pet health prevention information, pet ownership education, and additional services. It’s now raised a £15m Series A funding round, led by DN Capital, and with the participation of the petcare-focussed Companion Fund as well as Helvetia Venture Fund, M Tech Capital, Picus Capital, dmg ventures, Sarona Partners, T0 Ventures and FJ Labs. Napo claims to have insured over 35k pets in the year since its launch last December. It offers access to 24/7 online vet consultations, obesity awareness resources, and access to expert-led live classes to help puppy train their dogs. In a statement, co-founder and CEO Jean-Philippe Doumeng said: “Our mental model is fundamentally different from traditional pet insurance. We are aligning all stakeholders to look in the same direction by helping people to take better care of their pets.” Guy Ward Thomas, who led the deal at DN Capital, added: “We met all of the ‘neo pet-insurers’ in Europe… What set Napo apart was their focus on building a virtuous circle between educating owners, providing veterinary care and improving pet health – all leading to lower claims, lower premiums and happier customers in the long-term.”

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Facing economic headwinds, Amazon consolidates robotic projects • ZebethMedia

By zebethcontrolPosted on Posted in Amazon, amazon robotics, Hardware, Rivian, robotics, Robotics & AINo Comments on Facing economic headwinds, Amazon consolidates robotic projects • ZebethMedia

Westborough, Massachusetts is a quiet town of 22,000, 40 minutes by car southeast of Boston. BOS27 is among the town’s newer residents. The 350,000-square-foot Amazon facility opened its doors a little over a year ago. It’s a hulking, gray addition to the tree-filled scenery. Inside is a state of the art facility that — along with a space on the opposite side of Boston in North Reading, Massachusetts — forms the beating heart of the company’s lofty robotics ambitions. In the decade since the company acquired Kiva Systems for $775 million in cash, it’s grown itself into one of the world’s leading robotics firms. Ask any founder in the warehouse robotics space, and they’ll quickly credit the company as the driving force in the space. “We look at Amazon, probably as the best marketing arm in the robotics business today,” Locus Robotics CEO Rick Faulk said at our robotics event in July. “They have set SLAs that everyone has to match. And we look at them as being a great part of our marketing team.” Amazon has set package delivery expectations at once-seemingly-impossible next or same day, and an entire industry has grown up around it, in hopes of keeping smaller firms competitive with the retail giant. Image Credits: Brian Heater What strikes you as soon as you walk through the doors at BOS27 is how much the space resembles one of the company’s many fulfillment centers. It’s cavernous and buzzing with robots and their human counterparts. The space, which was built to accommodate a business that had grown too large for just the North Reading location, is where the company develops, tests and builds its robotic systems. (Another space has recently opened in Belgium, as well, courtesy of Amazon’s September acquisition of Cloostermans.) This week, the company opened its doors to a handful of press members, including ZebethMedia. The “Delivering the Future” event was, by any measure, a PR push. It was an opportunity to show off the company’s shiny new production facility and a chance to present a kind of unified front for Amazon Robotics, a category that now encapsulates every element of the Amazon retail experience from the moment a consumer hits “buy now.” Image Credits: Amazon A couple of guided tours around the floor showcased the company’s growing army of wheeled robots built atop the Kiva platform, including the ubiquitous blue Hercules (the fourth-gen version of the product), and the mini conveyor belt sporting Pegasus and Xanthus, which is, for most intents and purposes, a lightweight version of the latter. Newer on the scene is Proteus, which arrives in a nearly neon green (“Seahawks green” as one executive joked today), with a small LED face and full autonomy — meaning it can safely operate outside the structured confines developed for the older models. Image Credits: Amazon Amazon also showed off a trio of robotic arms, which follow a similar evolutionary trajectory as their wheeled counterparts. There’s Robin, which debuted around 18 months ago and is now installed in 1,000 warehouses across the world. Its successor Cardinal adds a level of efficiency to the system, as it tightly packs boxes to send across the fulfillment center. A third, Sparrow, debuted at today’s event. As with its predecessors, Sparrow is effectively a souped-up version of a Fanuc off-the-shelf industrial robotic arm. The system is still in very limited pilots, including a facility in Texas and behind a safety cage at BOS27. What sets it apart from standard Fanuc arm deployments, however, is two-fold. First is the suction cup gripper, which utilizes pneumatics to pick up a wide range of different objects. The real secret sauce is the software of course. Amazon says the AI, coupled with a range of different hardware sensors, allows the system to identify around 65% of the inventory offered through the retailer. It’s a mindboggling figure. The system uses things like bar codes, size and shape to identify individual objects. Image Credits: Amazon Robin and Cardinal deal exclusively in boxes — of which Amazon has around 15 basic models. Sparrow has the far more complex task of picking up the products themselves. Beyond identification, this introduces its own spate of different challenges. If you’ve ever purchased anything from the company, you know how wildly these things fluctuate in size, shape and material. Hypotheticallym the same arm is picking up a bowling bowl and a bag of cotton swabs. That’s where the suction cup system comes in, offering a far greater range of picks than a rigid robotic hand. All told, the company has deployed more than 520,000 robotic drives since Amazon Robotics’ 2012 founding. It says that more than 75% of products ordered through its site come into contact with one of its robotic systems at some point in the process. Image Credits: Amazon Last-mile was the other of focus of today’s event. That starts with the 1,000 Rivian EVs the company has begun deploying to meet holiday demand. “Customers across the U.S. will begin to see custom electric delivery vehicles from Rivian delivering their Amazon packages, with the electric vehicles hitting the road in Baltimore, Chicago, Dallas, Kansas City, Nashville, Phoenix, San Diego, Seattle and St. Louis, among other cities,” the company noted in July. “This rollout is just the beginning of what is expected to be thousands of Amazon’s custom electric delivery vehicles in more than 100 cities by the end of this year — and 100,000 by 2030.” Image Credits: Amazon Somewhat surprisingly, Amazon is still very bullish on the future of drone deliveries. “A demonstrated, targeted level of safety that is validated by regulators and a magnitude safer than driving to the store,” Prime Air VP David Carbon said during a keynote. “Delivering 500 million packages by drone annually by the end of this decade. Servicing millions of customers, operating in highly populated, suburban areas such as Seattle, Boston and Atlanta. Flying in an uncontrolled space autonomously.” Image Credits: Amazon But while a rendering of its MK30 drone —

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Microsoft brings helicopters, gliders and the Spruce Goose to its Flight Simulator • ZebethMedia

By zebethcontrolPosted on Posted in Asobo Studio, Gaming, microsoft flight simulator, simulationNo Comments on Microsoft brings helicopters, gliders and the Spruce Goose to its Flight Simulator • ZebethMedia

Microsoft is celebrating the 40th anniversary of the venerable Flight Simulator series today with the launch of the aptly named Microsoft Flight Simulator 40th Anniversary update. As the company had teased before, this update to the sim will introduce helicopters and gliders, as well as a few classic aircraft. Gliders and helicopters aren’t new to Flight Simulator, but when Microsoft and Asobo resurrected the sim back in 2020, they were still missing from the game. In total, the update includes 12 new planes (2 helicopters, 2 gliders and 8 fixed-wing aircraft). The highlights here are what Microsoft and Asobo call their first “true-to-life” airliner in the base game — an Airbus 310-300 — and the Spruce Goose, the largest seaplane and wooden aircraft ever built. Other new aircraft include classics like the 1903 Wright Flyer, the 1915 Curtiss JN-4 Jenny, the 1927 Ryan NYP Spirit of St. Louis, the 1935 Douglas DC-3, the 1937 Grumman G-21 Goose and the 1947 Havilland DHC-2 Beaver. Image Credits: Microsoft To celebrate the launch, Microsoft and the sim’s developer Asobo Studio invited a small group of flight sim influencers and tech media to the Evergreen Aviation and Space Museum in McMinnville, Oregon. Why? It’s where the Spruce Goose is on display, so what better place to celebrate the launch of this update (and the Spruce Goose just celebrated the 75th anniversary of its flight on November 2). During the event, I got a bit of hands-on time with the new planes. Just like in real life, flying helicopters is going to be hard — hard enough that Microsoft added quite a few new assistance settings that simplify the experience. Without those — and especially if you are playing on a gamepad, for example — you will crash. Repeatedly. Once you get the hang of it, flying those helicopters (a large Bell and the small two-seat Guimbal Cabri G2 trainer) is good fun, though, and allows you to fly slow and low across Microsoft’s impressive virtual model of the earth. Image Credits: Microsoft To enable helicopters and their ability to beat air into submission, the Asobo team had to build a new physics engine in the sim and while the fluid dynamics simulation for modeling planes in the game runs 100 times per second, for example, the rotors of the helicopters are modeled at 1,000 times per second to achieve a higher degree of realism. And to really showcase that, you can now also visualize exactly how the air flows over and around these helicopters (and planes). The team says that this new physics system realistically models ground effect and also allows you to recreate emergencies and set the helicopter down using autorotation when you turn off the engine, for example. Image Credits: Microsoft As you would expect, Gliders are a much more docile affair. Here, too, Microsoft added some new visualization to the sim to let you see up- and downdrafts around you. The physics engine for this takes into account everything from the outside temperature, the angle of the sun, the material the sunlight is reflecting from and more — but the Asobo team also admits that it still cheats quite a bit here to do this within the computational limits of the engine. The weather engine doesn’t create clouds from first principle, for example, and so when creating the system for the thermals, the team had to work from where the clouds are and then work backwards from there. “If we want the perfect simulation, then we would need a quantum computer 100 years from now,” Asobo’s Martial Bossard explained. “Sometimes you have to make some clever choices that help us to create the same kind of behavior with a low computational cost.” Still, as Bossard told me, the idea here was to create an engine that allows real-life glider pilots to find thermals exactly where they would expect them to be. Otherwise, there are very few surprises here. If you’re looking for a more relaxed flying experience, gliders are definitely the way to go. One nifty feature is that you get the option between winch launches — which are standard in Europe, for example — or using a tow plane, which is the usual way to launch a glider in most of the U.S. And those animations are nice, too, including your friendly launch helper running next to the glider to help keep you steady as you start your takeoff roll. And you can launch a glider from anywhere, too, whether that’s JFK or your local glider field. Interestingly, while there are no new tutorials in the game to teach you how to fly helicopters  — because the team argues that with all of the assistance functions turned on, it’s actually pretty easy to fly them — there are about half a dozen glider tutorials in the game now. I’m sure we’ll see some helicopter tutorials pop up in future releases, though. Image Credits: Microsoft As for the regular planes, I tend to stick to the smaller general aviation planes that are more like what I fly in real life, but the highlight here are the A310-100 and the Spruce Goose, Howard Hughes’ giant flying boat (the H-4 Hercules) hat was a bit of a disaster and never flew more than 27 seconds. The A310 is modeled in exquisite detail, with virtually every switch doing what it would do on a real plane, including the flight computer. Typically, a model like this would be a paid third-party DLC, so it’s nice to see something of this quality now becoming part of the base game. Image Credits: Microsoft The Spruce Goose feels a bit like a novelty, but it’s also a beautiful model and surprisingly easy to fly. It’s a beast, no doubt, with its massive engines and weight. You’re not going to do steep turns with it anytime soon, but it’s a fun diversion. And there is more. Microsoft and Asobo also brought back four classic airports, including Chicago’s Meigs

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Chris Rock is set to be the first to perform live on Netflix • ZebethMedia

By zebethcontrolPosted on Posted in live streaming, Media & Entertainment, Netflix, streaming serviceNo Comments on Chris Rock is set to be the first to perform live on Netflix • ZebethMedia

After Netflix’s historic launch of an ad-supported tier, a very unexpected move from the streamer, Netflix will make history again with its first-ever livestreaming event starring comedian Chris Rock. The company announced on Thursday that Rock’s live comedy special is set to stream in early 2023, with more details to be announced later. “Chris Rock is one of the most iconic and important comedic voices of our generation,” said Robbie Praw, Netflix Vice President of Stand-up and Comedy Formats, said in a statement. “We’re thrilled the entire world will be able to experience a live Chris Rock comedy event and be a part of Netflix history. This will be an unforgettable moment, and we’re so honored that Chris is carrying this torch.” Netflix confirmed in May that it would roll out a livestreaming capability. The company said it would focus on unscripted content, competition shows, reality reunion specials, live comedy shows, and a future “Netflix is a Joke” festival. Rock is an easy choice for the streamer as he will likely draw in thousands, if not millions, of viewers. This will be his seventh stand-up special overall and his second Netflix special after “Tamborine” premiered in 2018. He also made an appearance at the 2022 “Netflix is a Joke” festival. Plus, many people will want to tune into Rock’s live comedy special to hear all the Will Smith-related gossip. Rock has yet to talk about the Oscars slap incident with Smith. During a show in London, the comedian told the audience, “People expect me to talk about the bull***, I’m not going to talk about it right now. I’ll get to it eventually, on Netflix,” Deadline reported. However, live streaming tech is complex and typically more unreliable than video-on-demand. A few months ago, many live TV apps crashed across the sports streaming space. If Netflix’s first test with Chris Rock goes well, it will potentially clear the way for dozens of Netflix titles to get the live treatment. Netflix will also get to compete head-to-head with other live TV streaming services. Most recently, Disney+ had its first-ever live TV show when it debuted Season 31 of “Dancing with the Stars.” While Disney+ didn’t experience any major crashes, there were still reports of the app crashing as well as minor delays and lags. Now that Netflix has ads and eventually livestreaming, it’s a no-brainer that Netflix should invest in live sports next. Earlier this week, The Wall Street Journal reported that the streaming giant is “warming up to the idea” of live sports coming to the platform.

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YouTube’s new ‘Live Q&A’ feature makes it easier to manage questions during livestreams • ZebethMedia

By zebethcontrolPosted on Posted in Apps, livestreams, Media & Entertainment, YouTubeNo Comments on YouTube’s new ‘Live Q&A’ feature makes it easier to manage questions during livestreams • ZebethMedia

YouTube is introducing a new “Live Q&A” feature that is designed to make it easier for creators to interact with viewers during livestreams. When creators start a Q&A, the prompt will appear as a pinned message in the chat. Viewers can then submit their questions and creators can select one and pin it, so viewers know what the creator is responding to. In the past, creators have had to parse through a flood of questions submitted in the live chat. The new feature will surface questions in an organized way that’s easier for creators to manage. When you’re done with the Q&A session, you can go back to the standard live chat. “Live Q&A lets you create and manage Q&A sessions in live chat during your streams and Premieres right from Live Control Room (LCR),” YouTube said in a blog post. “With Live Q&A you can more easily build community while replying to a series of on-topic questions written by your viewers. This option will appear alongside Live Polls, another great way for you to interact with those watching your stream.” YouTube says that questions are ordered chronologically, with the ones submitted first appearing at the top. Although there isn’t a maximum number of questions allowed, the oldest ones in the list will no longer appear after 200 have been submitted. Image Credits: YouTube Questions that are submitted through Live Q&A are managed by the same systems that allow creators to moderate live chat. It’s worth noting that moderators can’t manage questions in Live Q&As, but users with Manager or Editor channel permissions will be able to manage the Q&A list, which means they can view the questions list, select questions to answer and remove questions. The launch of the new feature comes as YouTube is looking to compete with Twitch and TikTok, the latter of which has its own dedicated Q&A feature for livestreams. As YouTube focuses on competing with other platforms, the company has beefed up its livestream offering with new features. YouTube has a Super Thanks feature that allows viewers who want to show extra appreciation for a video to pay creators with one of four pre-set amounts, ranging between $2 and $50. The company also has a Super Chat monetization feature, which is a way for creators to make money from their livestreams. There’s also a Super Stickers feature that is aimed at fans who want to show their support and connect with their favorite creators. Youtube announced last week that it’s gearing up to roll out a new feature that will allow select creators to invite a guest to go live with them. At launch, creators will only be able to co-stream via a phone, as the feature won’t be available on the desktop version of YouTube. The new feature will initially only be available to a select group of creators, but YouTube plans to expand co-streaming to more creators in the future.

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FTX files for bankruptcy, CEO Sam Bankman-Fried steps down • ZebethMedia

By zebethcontrolPosted on Posted in Crypto, FTX, Sam Bankman-Fried, SBFNo Comments on FTX files for bankruptcy, CEO Sam Bankman-Fried steps down • ZebethMedia

The once-third-largest crypto exchange FTX has fallen from prestige in the past week and has now announced it filed for Chapter 11 bankruptcy in the U.S. FTX CEO and founder Sam Bankman-Fried has resigned from his role, and Enron turnaround veteran John J. Ray III has been appointed as the new CEO. About 130 additional affiliated companies — including FTX US and Alameda Research — have also begun the bankruptcy process, FTX said in a statement. The exchange’s Bahamian subsidiary, FTX Digital Markets, and its U.S. options platform LedgerX, alongside FTX Australia and FTX Express Pay are not included in the proceedings, it stated. “The immediate relief of Chapter 11 is appropriate to provide the FTX Group the opportunity to assess its situation and develop a process to maximize recoveries for stakeholders,” Ray said in a statement. This news comes after a week-long collapse of the FTX empire as the company attempted to keep itself afloat, seeking out acquisitions and fresh capital from market players. On Tuesday, the world’s largest crypto exchange Binance signed a letter of intent to acquire FTX. But just a bit over 24 hours later, Binance backed out of the plan after reviewing FTX’s structure and books. “Our hope was to be able to support FTX’s customers to provide liquidity, but the issues are beyond our control or ability to help,” Binance said on Wednesday. “As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged U.S. agency investigations, we have decided that we will not pursue the potential acquisition of [FTX],” Binance said in a tweet. On Thursday, Bankman-Fried said in a series of tweets that FTX International was looking to raise liquidity and was in talks with a “number of players.” He added that any money raised and existing collateral “will go straight to users.” FTX has fallen from being the third largest crypto exchange to 62nd, according to CoinMarketCap data. FTX US division is 54th. The third largest crypto exchange is now Kraken, behind Coinbase and Binance. This story is developing and may be updated as new information arises.

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