The project closed a $10 million round led by now bankrupt crypto hedge fund firm Three Arrows Capital last year.
Officials hope to fend off a rising number of questions about how crypto should be regulated and when they should be treated as securities.
Several prominent crypto companies including Aptos Labs and Jump Crypto will contribute $50 million to the planned $1 billion Industry Recovery Initiative (IRI).
CoinDesk: Argentine Crypto Exchange Lemon Sheds Roughly 100 Jobs, Citing Challenging Industry Conditions
Reasons for the 38% cut also include uncertainty in the venture capital market, CEO Marcelo Cavazzoli said.
Staked ETH withdrawals made the cut – but the timeline for when that will happen still isn’t any clearer.
Lawmakers had already accepted amendments to a new bill to make it easier for law enforcement to target crypto and related property linked to crime.
Huge losses of funds at FTX have shaken the trust of crypto investors, but private keys and crypto wallets can protect investors from fraud and mismanagement.
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 23, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The exchange will offer up to $10 million to institutional clients and market makers.
Puts tied to BTC and ETH continued to draw demand as the crypto market remained focused on the FTX contagion.
Binance CEO Changpeng “CZ” Zhao has confirmed that the exchange’s U.S. wing will be making a fresh bid for crypto lender Voyager now that the defunct FTX is unable to follow through with acquiring it.
The Securities Commission of The Bahamas said FTX “misrepresented” the regulator’s move to secure the embattled exchange’s assets against hacks in bankruptcy court filings in the U.S.
The Binance fund will be open to contributions from other industry players.
The police are reportedly looking into allegations of cheating and fraud by the company and its directors.