At our TC Sessions: Crypto event last week in Miami, I sat down with Bitwise Asset Management General Counsel and Chief Compliance Officer Katherine Dowling, Perkins Coie Partner Sarah Shtylman and Paradigm Policy Director Justin Slaughter to talk about the crypto regulation landscape, with a specific focus on the U.S. What we didn’t know heading […]
FTX
recruitment or retention? • ZebethMedia
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week, Alex and Natasha discussed the latest and greatest of this consuming news cycle. Our goal with the episode, as always, is to go beyond what you may see in a 140 […]
Bahama homes were purchased with FTX corporate funds • ZebethMedia
A new bankruptcy filing, first reported by CNBC, shows that FTX’s corporate funds were used to purchase homes in the Bahamas among other personal items. The details arise less than a week after the now infamous crypto exchange filed for bankruptcy – a decision that founder and former CEO Sam Bankman-Fried said he regrets. FTX’s […]
‘I’m worried about the overall lack of LP appetite going forward.’ • ZebethMedia
During an unprecedented bull run, crypto-focused investors raised, and deployed, billions of dollars in capital. But now, not only are VCs operating in a bearish crypto market, they are navigating the fallout of the FTX collapse and the potential impact it will have on their investment strategies moving forward. Double Down founder and general partner […]
Is web3 really the new phase of the internet? • ZebethMedia
We are on the verge of a new phase of the web, or so the story goes. Its proponents have labeled it web3. While last week’s implosion of systemically important crypto exchange FTX showed that the tech industry is far from realizing that vision in terms of execution, the concept of web3 has been a […]
Maybe FTX was the real poster child for 2021’s startup excess • ZebethMedia
If someone offers you a seat on a rocket, you don’t ask which seat. So goes one of Silicon Valley’s favorite platitudes, one that you can trace back (at a minimum) to former Google CEO Eric Schmidt and former Facebook COO Sheryl Sandberg. The idea is that if you are given a shot at working […]
SBF regrets declaring FTX bankrupt, per his DMs to Vox • ZebethMedia
The saga of FTX, formerly one of the world’s largest crypto exchanges that fell rapidly into bankruptcy, took a new turn today after Vox published a series of messages with its former CEO Sam Bankman-Fried. The erstwhile executive, known in the crypto world as SBF, discussed regulators, ethics, and bankruptcy regrets, amongst other issues that […]
FTX exposure hits market makers and funds • ZebethMedia
The collapse of FTX is swiftly draining money from the crypto economy: Information reviewed by ZebethMedia indicates that market makers and funds that lost money on the exchange, until recently one of the largest cryptocurrency exchanges in the world, are more numerous than previously anticipated — and some might be in conversations with creditors soon. […]
SoftBank writes down nearly $100 million investment in FTX • ZebethMedia
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, […]
Cleanup, aisle FTX • ZebethMedia
Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Here’s what we got into on our Monday episode, a weekly kick-off of sorts: Stocks are mixed around the world, up in parts of Asia and Europe, but down sharply in the […]