Genesis denies ‘imminent’ plans to file for bankruptcy
The lending firm claims it's having "constructive conversations with creditors" and plans to resolve the situation without the need for a bankruptcy filing.
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zkSync developer Matter Labs raises $200M, commits to open-sourcing platform
Over 150 projects, including Chainlink, Uniswap and Aave, have signaled their intent to deploy on the layer-2 blockchain.
Binance CEO CZ on FTX crash: “We’ve been set back a few years”
With one of the biggest crypto businesses falling overnight after getting caught misappropriating user funds, CZ believed the episode was devastating for the industry, which took away a lot of…
Total crypto market cap drops to $850B as data suggests further downside
The crypto market managed an 11% bounce from the Nov. 9 low, but a handful of metrics show a severe lack of investor confidence.
Tether CTO confirms no plans to rescue FTX
FTX won’t be getting a bailout from Tether who confirmed it isn’t planning to provide a cash injection despite the CEO reportedly reaching out to multiple firms for help.
Ramp, builder of crypto payment rails, raises $70M
The company is building payment rails that could make crypto purchases as ubiquitous as Paypal transactions.
Ethereum price hits $1.6K as markets expect the Fed to ease the pressure
ETH price rose to its highest level since September, but data shows whales lack an appetite for leverage longs.
Tech talent migrates to Web3 as large companies face layoffs
Web3 companies continue to hire amidst a bull market as tech giants undergo layoffs and hiring freezes.
What the Russia-Ukraine conflict has revealed about crypto
Cryptocurrencies are being used to provide military and humanitarian aid in the Russia-Ukraine conflict.
Celo ecosystem projects raise $77.3M in support of interoperability, ReFi
The Celo blockchain supports mobile-first DeFi payment infrastructure. Several companies building on the platform have received venture funding.
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