With a storyline full of celebrities, politicians, sex and drugs, the future looks bright for producers of feature films and documentaries about the astonishing collapse of FTX. But, to paraphrase Mark Twain, rumours of the death of crypto itself have been much exaggerated
29 Nov 2022
Thanks to FTX's collapse, the world may have woken up to the grim reality that the crypto “industry” is nothing but a get-rich-quick lie, wrapped in hype, bobbing on an ocean of libertarian technobabble. Will anyone do something about it?
28 Nov 2022
Immediately after taking over Twitter and pronouncing himself “chief twit”, Elon Musk affirmed his commitment to safeguarding the platform as the “public square” where anything and everything is debated. It was a smart tactic, because it successfully diverted the public’s attention from what Musk is really up to
27 Nov 2022
OTB Ventures, an Amsterdam-based venture capital firm investing in early-growth technology businesses, has launched OTB Fund II. The European Investment Fund (EIF) has committed €45 million to the new fund, which seeks to raise €150 million.
24 Nov 2022
Amid the current woes of the cryptocurrency market, Hong Kong regulators licensed another fintech firm to operate a virtual assets trading platform (VATP) in the territory. Hash Blockchain Limited, a member of HashKey Group, secured a licence from Hong Kong’s Securities and Futures Commission (SFC) to operate a VATP on November 9, just as the Bahamas-based crypto exchange FTX started to unravel and collapse days later, leaving investors with billions of dollars in losses.
23 Nov 2022
Semiconductors are certainly essential to a modern economy, and it makes sense to diversify sources. But it is doubtful that large subsidies and government management will keep US chip makers on top, much less that the new law should be used as a model for similar support to other industries
22 Nov 2022
Standard Chartered has focused on the concept of data co-creation or more effective sharing of information between parties across the value chain to speed up post-trade processing.
15 Nov 2022
Private market exchange ADDX has raised US$20 million in fresh capital from new and existing shareholders. KB Securities, a subsidiary of South Korea’s largest banking group KB Financial Group (KBFG), led the latest investment, which was part of an upsized pre-Series B round.
15 Nov 2022