Investment Platforms and Marketplaces

November 20, 2022 @ 7:01 pm By JD Alois  |  

FTX Trading and the over 100 affiliated entities posted a release yesterday updating on the bankruptcy process. FTX filed for bankruptcy on November 11th following a run on the bank where the company was unable to fulfill redemption requests. It has been widely reported that… Read More

November 19, 2022 @ 12:20 pm By Omar Faridi  |  

Since March of this year, the share of investments in long-term loans on the Robocash platform has “been increasing,” the company claims. Along with this, the investor earnings are also growing, the team at Robocash reveals in a blog post. Robo.cash added that for the… Read More

November 18, 2022 @ 4:21 pm By JD Alois  |  

Senator Josh Hawley has sent a letter addressed to Attorney General Merrick Garland, Securities and Exchange Commission (SEC) Chairman Gary Gensler, and Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam, demanding all correspondence between the three federal entities and the Democrat party. Following the bankruptcy of FTX –… Read More

November 18, 2022 @ 12:23 pm By Omar Faridi  |  

Prosper Marketplace, which claims to be the “first” peer-to-peer lending platform in the United States, announced the closing of a new $75 million financing “from a fund managed by Neuberger Berman.” This capital enables Prosper “to meet strong consumer demand for its personal loan, credit… Read More

November 18, 2022 @ 8:13 am By Omar Faridi  |  

Crowdcube reveals that it has earned B Corp certification, solidifying the equity crowdfunding platform’s aim to developing a business making a net positive impact on the planet. The Fintech firm reportedly received a score of 87.2 out of 200 (the average score is around 50.9)…. Read More

November 17, 2022 @ 7:31 pm By JD Alois  |  

Today, the Securities Commission of the Bahamas issued a statement that it has transferred all assets held by FTX Digital Markets Ltd., to a wallet controlled by the regulator. The Securities Commission said it took control of the assets under its powers as a regulator… Read More

November 17, 2022 @ 9:23 am By JD Alois  |  

New FTX CEO John J. Ray has filed a declaration in support of Chapter 11 proceedings, completely slamming the utter incompetence of management in what was once the second-largest crypto exchange in the world. To quote the filing: “Never in my career have I seen… Read More

November 16, 2022 @ 4:38 pm By JD Alois  |  

Sam Bankman-Fried, the disgraced founder and former CEO of FTX, continues to prostrate himself on social media – admitting he has made a huge mess of things. Bankman-Fried, while expressing his contrition, continues to believe he may be able to re-animate the collapsed firm. New… Read More

November 16, 2022 @ 4:16 pm By JD Alois  |  

Online investment platform and venture community AngelList has spun off its jobs service – AngelList  Talent, into a stand-alone company.  The new business has been rebranded as Wellfound. The company said that AngelList Venture is once again called AngelList. AngelList provided some updated metrics with… Read More

November 16, 2022 @ 3:57 pm By JD Alois  |  

Crypto trading platform Gemini has halted its Earn program following the announcement that Genesis had halted redemptions. Gemini Earn most recently promoted an 8.5% return for investors The collapse of FTX and its collateral damage continues to impact other crypto trading platforms due to counterparty… Read More

November 16, 2022 @ 11:01 am By JD Alois  |  

TSM, an esport firm, has halted its partnership with bankrupt crypto exchange FTX. In a brief statement from company representatives, TSM explained: “After monitoring the evolving situation and discussing internally, TSM is suspending our partnership with FTX effective immediately. This means that FTX branding will… Read More

November 16, 2022 @ 10:52 am By JD Alois  |  

The House Committee on Financial Services has announced a hearing on the failure of FTX and its affiliated entities. The announcement was bipartisan in nature as the current Chair of the Committee, Maxine Waters, was joined by Ranking Member Patrick McHenry in announcing the hearing… Read More

November 16, 2022 @ 9:50 am By JD Alois  |  

Genesis, an institutional-focused digital asset platform, has posted a series of Tweets revealing a strained platform following the collapse of FTX this past week. Genesis is part of the Digital Currency Group – one of the most prominent entities in the digital asset world. Genesis… Read More

November 16, 2022 @ 9:05 am By JD Alois  |  

In partnership with the Abu Dhabi Investment Office (ADIO), OurCrowd has announced the launch of a global artificial intelligence (AI) hub.  Based at Abu Dhabi Global Market (ADGM)  Hub71, the AI hub has been named Integrated Data Intelligence Ltd (IDI) and will develop easily adoptable… Read More

November 15, 2022 @ 6:27 pm By JD Alois  |  

Money that fled FTX is looking for a place to land. But FTX is not necessarily the only platform that is losing crypto assets, at least according to a Tweet thread from Nansen. We are seeing more deposits than withdrawals to these exchanges in the… Read More

November 15, 2022 @ 6:04 pm By JD Alois  |  

BlockFi is preparing to file for bankruptcy, according to multiple reports, first revealed by WSJ.com. BlockFi is a trading, lending, and yield platform that has previously announced it had significant exposure to FTX. On November 11th, FTX announced that it was filing for Chapter 11,… Read More

November 15, 2022 @ 9:48 am By JD Alois  |  

Before the collapse of FTX, founder Sam Bankman-Fried frantically attempted to cut a deal with Binance and worked the phones to raise more capital. Bankman-Fried quickly went from everything is fine, to we need a lot of money to keep things going. In the end,… Read More

November 15, 2022 @ 9:19 am By JD Alois  |  

An initial filing pertaining to the Chapter 11 filing for FTX and affiliated firms has surfaced today. Filed yesterday by new leadership at FTX to manage the bankruptcy proceedings, the document notes there are over 100,000 creditors with claims – a number that can balloon… Read More

November 14, 2022 @ 9:45 pm By JD Alois  |  

BTC Markets CEO Caroline Bowler has distributed a public statement on the FTX bankruptcy and its impact on the overall digital asset industry. BTC Markets is an Australian exchange that says it has set the industry standard for compliance in Australia. Last month, it announced… Read More

November 14, 2022 @ 9:23 pm By JD Alois  |  

ADDX, a Singapore-regulated digital assets exchange for private securities, has received an additional $20 million in new capital as part of a “pre-Series B” funding round. The money came from both existing and new investors – notably, Korea’s largest banking group – KB Financial Group… Read More