Tag Archives: AA News

Major venture capital firm Sequoia Capital has seen the departure of five key partners, including two investors who were involved in the company’s failed investment in Sam Bankman-Fried’s bankrupt crypto exchange, FTX. While Sequoia claimed that the collapse of FTX had no significant impact on the firm, the VC was accused of promoting FTX. Sequoia Reports Departure of Five Investors Sequoia Capital, which recently revealed its decision to split into three independent...

The blockchain company Terraform Labs has reportedly named Chris Amani its new Chief Executive Officer. He vowed to shift the entity’s products toward other directions and not offer algorithmic stablecoins.  The previous CEO, Do Kwon, resigned several months ago to focus on his legal issues. He is currently imprisoned in Montenegro, while the USA and South Korea have argued he is the main culprit behind the LUNA/UST crash last year, insisting on his extradition. Steering Away...

The decentralized blockchain infrastructure provider, Ankr, has teamed up with Matter Labs to launch dedicated zkSync Era Nodes and Hyperchain blockchain solutions on the Microsoft Azure Marketplace. The main objective is to promote Web3 development growth and enterprise adoption by providing a gateway that is readily accessible to blockchain infrastructure available to Azure’s customers. Ankr’s specialized solutions, coupled with zkSync Era’s scalable blockchain network, as...

Two separate whales each holding over 9 figures worth of crypto have transferred to holdings to exchanges over the past 24 hours. One whale owned an address that participated in Ethereum’s ICO back in 2014, and hadn’t moved his coins since. As revealed by the Twitter blockchain tracker Lookonchain, an Ethereum ICO participant moved 61,216 ETH worth $116 million to the crypto exchange Kraken on Tuesday. According to Etherscan, the address had zero other significant activity,...

While FTX and SBF, respectively, continue to appear in court, former executives of the defunct crypto trading group have started to pop up elsewhere. Amy Wu, who was previously an executive at FTX Ventures, has since joined Menlo Ventures, a mainstay of Silicon Valley’s venture capital ecosystem. Brett Harrison, who led FTX US before resigning two months prior to the collapse, is banking on the AI hype train and has since founded a startup that plans to build a trading...

The US presidential candidate from the Democratic party – Robert F. Kennedy – vowed to strengthen America’s official currency by backing it with bitcoin, gold, silver, and platinum. Several finance experts, such as Robert Kiyosaki, have predicted a gloomy future for the dollar, advising consumers to invest in the primary cryptocurrency or precious metals.  Kennedy’s Next Plan Involving Bitcoin Robert F. Kennedy – the nephew of the former US President John F. Kennedy – has...

Once a fervent and laser-eyed Bitcoin (BTC) bull, Spencer Schiff – son of crypto critic and gold bug Peter Schiff – is now in agreement with his father that Bitcoin’s price is headed to zero. His reasoning, however, greatly differs from his father’s, who he believes is “completely wrong about the economy.” No Longer A Bitcoin Believer? Spencer Schiff voiced his new take on Bitcoin in response to ZeroHedge on Twitter, who published a blog post predicting an incoming “Great...

Societe Generale’s crypto arm – SG Forge – announced acquiring a regulatory license approval as Digital Asset Service Provider from the French Financial Markets Authority (AMF). With it, SG Forge has become the first company to receive a license from France’s financial regulator as a digital asset provider. The DASP license represents the highest level of regulatory certification currently possible for digital asset activities. It is important to note that over 80 entities...

A new report by digital asset price-tracking platform CoinMarketCap revealed that the second quarter (Q2) of 2023 seemed like a lost one in the crypto world because it failed to produce groundbreaking developments. According to a document seen by CryptoPotato, Q2 lacked strong market narratives compared to Q1, which saw developments like bitcoin price doubling, the rise of layer-2 protocols, and a more active non-fungible token (NFT) market. A Lost Quarter Q2, on the other...

ARK Invest CEO Cathie Wood said on Tuesday that she and her fund are now more confident in their “bull case” for Bitcoin (BTC): $1.5 million by 2030. The investment manager’s boost of confidence stems from Bitcoin’s positive response to the United States regional banking crisis in March. The Bear, Base, and Bull Case Ark published a bear, base, and bull thesis for where Bitcoin would be in 2030 back in January. All price targets were many multiple higher than Bitcoin’s price...