Welcome back to Chain Reaction. Last week on the podcast, we talked about trouble brewing for bitcoin miners. This week, we had to tear up our plans to cover pretty much anything else and turn our attention to what we think is the biggest story in crypto to unfold this year: the fall from grace […]
One of the most popular activities at a ZebethMedia conference is watching top-notch early-stage founders square off in a pitch competition. Seriously, who doesn’t love a pitch-off? And the Crypto Pitch-off is just one more compelling reason to go to ZebethMedia Sessions: Crypto on November 17 in Miami. Let’s take a look at the judges […]
Sam Bankman-Fried said on Thursday that he will be winding down his trading firm Alameda Research, and is attempting to raise liquidity for the troubled FTX International exchange, as he scrambles to keep the world’s second largest crypto exchange alive after a bailout deal with Binance failed earlier this week. Bankman-Fried said he is engaging […]
Sequoia Capital just marked down to zero the value of a stake that, as of last week, represented one of the firm’s biggest unrealized returns in its 50-year history. In short, Sequoia has decided not to bail out the beleaguered crypto exchange following its abrupt implosion over the last couple of days. This story is […]
As the crypto market digests the past few days of chaos, venture capitalists see the moment as a warning, but also an opportunity for the growth of decentralization and maturation of the larger blockchain space. “As venture investors, we take a long-term view on the industry; despite the current market turmoil, we are actively assessing […]
The world’s largest crypto exchange by volume, Binance, said it would walk away from a deal with the third largest crypto exchange by volume, FTX. On Tuesday, Binance signed a letter of intent to purchase its troubled competitor, FTX, in what appeared to be a potential bailout of the latter amid a liquidity crunch. But […]
We’re packing our bags and getting pumped about flying to Miami for TC Sessions: Crypto on November 17. What about you? Don’t miss your chance to rub elbows with the kings and queens of blockchain, cryptocurrency, DeFi, NFT and web3 — the current rulers and the up-and-coming contenders for the crown. Buy your pass today […]
New crypto startups forged ahead during Alliance DAO’s demo day on Wednesday amid the FTX implosion. “This is actually worse than the 2018 bear market,” Qiao Wang, a core contributor at Alliance DAO, said, referring to the tentative plans for Binance to absorb competitor FTX. “Today, everyone was caught off guard, myself included … the […]
Crypto exchange Binance, the largest in the world by volume, signed a letter of intent Tuesday to purchase its troubled competitor, FTX, in what appears to be a potential bailout of the latter amid a liquidity crunch. But after less than a day of due diligence, Binance appears highly unlikely to go forward with the […]
Crypto trading behemoth FTX fell from grace this week after the exchange experienced a liquidity crunch and agreed to give its rival, Binance, the option to purchase the company’s non-U.S. operations in what appears to be a bailout. Now, U.S. regulators are looking into whether FTX potentially mishandled customer funds on its platform, sources told […]
