Alameda Research and FTX Ventures Invested in More Than 250 Crypto Startups
FTX Ventures and Alameda Research have invested in more than 250 crypto industry startups, according to data collected by The Block Research.
Gold-Linked Tokens and Polygon Buck Crypto Market-Wide Downtrend
FTX’s disaster has caused the market to be filled with fear of uncertainty and doubt (FUD), and major cryptocurrencies related to Sam Bankman-Fried have suffered as a result, but Polygon (MATIC) and tokens backed by gold, have outperformed.
Matrixport Reveals FTX Exposure: 79 Users Incurred Losses as Result
Matrixport, a crypto financial services platform that bills itself as a neo-bank, revealed to clients that two of its products have exposure to FTX.
Terra Founder Do Kwon Says LUNA Not Responsible for Crash of FTX and 3AC
Kwon, in a tweet, noted that there remains no evidence that the embattled FTX had any exposure to LUNA. He highlighted an instance where the exchange denied being exposed to the collapsed Terra assets. Do Kwon further mentioned that the now-defunct crypto hedge fund 3AC only had $109M worth of LUNA despite having a balance sheet worth billions of dollars, suggesting that their LUNA holding was incapable of affecting them in a manner that would lead to their downfall. Kwon also pointed out that 3AC had no UST holdings.
Investment Firm SkyBridge Is Exploring Buying Back Equity From FTX
SkyBridge's founder Anthony Scaramucci said the investment firm is working on buying back its equity from Sam Bankman-Fried’s FTX.
Alameda-Backed Trading Shop Folkvang Says It Can ‘Easily Absorb’ Hit From FTX Exposure
Crypto trading shop Folkvang has some assets locked on FTX that it has used to facilitate trading, but can "easily absorb this hit."
Transak Launches Crypto-to-Fiat Off-Ramp for Over 40 Crypto Assets Including Bitcoin
Transak, a Web3 onboarding infrastructure provider, is taking a step in this direction, announcing the launch of its crypto-to-fiat off-ramping service.
Terra Classic Developer Pitches Proposal That Could Effectively Burn $2M in LUNC
Terra Classic developer Alex Forshaw gave updates about the multisig wallet holding about $4 million in off-chain assets yesterday. For several legal reasons, Forshaw and several other community members who had welcomed the opportunity to become signers to the wallet and manage the funds on behalf of the community have opted out.
Troubled Crypto Lender Vauld Receives Creditor Protection Extension
Troubled cryptocurrency lender Vauld has received an extension on its creditor protection program, the lender said on Friday.
Wake Up Call? Bitcoin Wallets Move 3,500 BTC Dormant Since 2011
According to on-chain data, seven dormant Bitcoin wallets awakened on Nov. 11 to move a total of 3,500 BTC ($60,6 million) to new addresses. A transaction fee for one of these 500 BTC transactions ($8.7 million) amounted to just 0.00011383 BTC, or $2.
