Despite the massive fall of FTX earlier this month. London-based investment firm Man Group Plc is planning to start a cryptocurrency hedge fund. According to a Bloomberg report from the 18th of November, Man Group is getting ready to launch its cryptocurrency-focused hedge fund via its algorithmic trading arm AHL.
Vitalik Buterin, co-founder of Ethereum, recently sent a letter proposing a proposal to implement the ZK-SNark feature in order to increase the scalability of the Ethereum network. Balaji Srinivasan, a former chief technology officer of Coinbase, Kraken, and Binance, was also brought up in the letter. Vitalik claimed in his
To move USDT from the Solana blockchain to the Ethereum blockchain, stablecoin issuer Tether has launched a $1 billion chain swap. The news comes as Solana, which was among the top 5 largest cryptocurrencies by market size only weeks ago, struggles in the wake of the bankruptcy of crypto exchange
Many people lost their jobs once Elon Musk became Twitter’s CEO. Hundreds of independent contractors were suddenly let off with no warning. But it seems that the tables have flipped recently. Hundreds of Twitter workers have thrown up their arms because of Musk’s very rigorous workplace culture. Elon Musk emailed
Sam Bankman-Fried, the former CEO of the bankrupt cryptocurrency exchange FTX is shedding the firm’s support as he impeding bankruptcy efforts through “incessant and disruptive tweeting.” Paul Weiss, the legal attorney for FTX, announced on Friday that it had stopped defending Bankman-Fried, who is facing high regulatory difficulties related to
Recently, it was announced that XRP token issuer Ripple Labs is applying for permission from Irish regulators to join the European market. Ripple has plans to apply for an electronic money license once it secures a virtual asset service provider (VASP) license. According to Ripple’s announcement, the company has already
Following Elon Musk’s implementation of an “extremely hardcore” culture in the Twitter space, hundreds of Twitter’s employees have resigned from the company. Reportedly, Twitter’s new CEO has recently issued his “ultimatum” on the social media platform to make employees work hard. This prompted several Twitter employees, including engineers, to announce
According to court documents filed on Thursday, the bankrupt crypto exchange FTX claims the government of the Bahamas ordered unlawful access to the firm’s systems so that assets could be taken out after the company filed for Chapter 11 bankruptcy in the U.S. “Unauthorized” FTX Transactions by the Bahamas The
After valuing its assets at between $100 million and $500 million. Compute North filed for chapter 11 bankruptcy in September, with the sale representing a tiny portion of that potential revenue. While it figures out how to pay back its approximately 200 debtors, the firm is keeping operations going. After
In order to give complete transparency regarding assets and attempts to repeg TerraUSD (UST), the nonprofit organization Luna Foundation Guard (LFG) that manages the UST algorithmic stablecoin issued a technical audit. LFG seeks to address all claims involving misused money, insiders, holdings cash in other wallets, and monies blocked. A
