As more details emerge regarding the events that led to FTX’s bankruptcy and stunning collapse, the cryptocurrency exchange’s investors are also being scrutinized. Namely, many people are asking just how could so many high-profile investment firms pour a collective $2 billion with apparently so little due diligence. The notorious Japanese investment conglomerate SoftBank, for example, […]
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 the pseudonyms Cryptofish and 0xMurloc, exclusively told ZebethMedia. “The funding from […]
African web3 startup Nestcoin has laid off some of its employees as its business was impacted by FTX’s demise. This information was shared by the startup’s CEO Yele Bademosi, who, in a tweet, said last week’s events impacted his one-year-old startup “as we held our assets (cash and stablecoins) at FTX to manage our operational […]
Hey, friends! Welcome back to Week in Review, the newsletter where we recap the top ZebethMedia headlines from the past seven days. Get it in your inbox every Saturday AM by signing up here. Ready? Let’s go. most read Twitter had a week so strange that it could easily make up this entire newsletter, so […]
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’s investment in the digital collectibles company Dapper […]
This week, I talk with Dom-Madori Davis about the coalition of VCs that are standing for reproductive rights. And Jacquelyn Melinek comes on to break down the FTX/Binance saga that’s unfolded over the past week (and that continues to develop). And as always, we break down the biggest stories in tech. Articles from the episode: […]
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 holds the assets it claims to own on behalf of […]
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 […]
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 […]
Image Credits: ZebethMedia We had to talk about the news that rocked the crypto world this week in our Thursday episode: the Binance/FTX deal that never was. To begin, we gave you a rundown of WTF just happened with the beef between two of the largest crypto exchanges in the world and how Sam Bankman-Fried’s storied exchange fell […]
