Latest from James Rubin
FTX to Seek $1.5B in New Funding Round at $32B Valuation: Report
The company’s CEO Sam Bankman-Fried will ask investors to purchase shares in its U.S. affiliate, FTX.US, at an $8 billion valuation.
SEC Rejects WisdomTree’s Spot Bitcoin ETF Application
The decision comes seven months after the agency said it would start evaluating the asset manager’s application.
Crypto CEOs to Testify Before House Financial Services Committee
FTX’s Sam Bankman-Fried, Bitfury’s Brian Brooks and Circle’s Jeremy Allaire are among the executives who will speak at the Dec. 8 hearing.
Borderless Capital Launches $500M Algorand-Focused Fund
The fund will look to invest in a range of DeFi and NFT projects built on the Algorand blockchain network.
NFT Music Platform Royal Closes $55M Funding Round Led by A16z
Electronic music performers The Chainsmokers and the rapper Nas also provided funding, which comes less than three months after the Justin “3LAU” Blau venture closed a $16 million round.
First Mover Asia: Bitcoin Drops to $56.5K After Brief Rally; Ether Also Falls
Crypto and equity markets rose in early trading after the news that U.S. President Joe Biden had reappointed Jerome Powell as chair of the Federal Reserve.
FC Barcelona Cancels Marketing Agreement With NFT Marketplace Ownix
But the soccer powerhouse is still scheduled to launch an NFT collection on the Ownix platform next week.
DOJ to Sell $56M in Crypto Proceeds From BitConnect Fraud Scam
The agency called the liquidation the largest recovery of assets tied to a cryptocurrency fraud to date.
SEC Stops Wyoming-Based DAO From Registering 2 Digital Tokens
The agency is alleging that American CryptoFed filed a “materially deficient and misleading registration form.”
DeFi Lender bZx Suffers Hack for Reported $55M
bZx tweeted that a private key controlling the protocol’s deployment on Polygon and Binance Smart Chain was breached.
