Multicoin Capital's hedge fund lost 91.4% last year
Multicoin Capital’s annual investor letter shows that the firm’s hedge funds will lose 91.4% in 2022. The letter attributes last year’s losses to cryptocurrency volatility and the direct and indirect effects of the FTX crash. In a separate letter to investors last November, Multicoin detailed its hedge fund’s financials, revealing that the fund had 10% of its assets trapped in FTX, as well as exposure to large amounts of FTT, SOL, and SRM. All of these tokens suffered a sharp sell-off in Nove...
Multicoin Capital's hedge fund lost 91.4% last year
Multicoin Capital’s annual investor letter shows that the firm’s hedge funds will lose 91.4% in 2022. The letter attributes last year’s losses to cryptocurrency volatility and the direct and indirect effects of the FTX crash. In a separate letter to investors last November, Multicoin detailed its hedge fund’s financials, revealing that the fund had 10% of its assets trapped in FTX, as well as exposure to large amounts of FTT, SOL, and SRM. All of these tokens suffered a sharp sell-off in Nove...
Tether officially denied using forged documents to open a bank account, saying it complied with anti-money laundering legal requirements
In response to the "Wall Street Journal" report that "Tether used forged documents and shell companies to open bank accounts", Tether issued a statement on its official website to refute it, saying that the report was completely inaccurate and misleading. Bitfinex and Tether have world-class compliance programs and adhere to applicable anti-money laundering, KYC and anti-terrorist financing legal requirements. Paolo Ardoino, chief technology officer of Tether, had previously refuted it on Twi...
Tether officially denied using forged documents to open a bank account, saying it complied with anti-money laundering legal requirements
In response to the "Wall Street Journal" report that "Tether used forged documents and shell companies to open bank accounts", Tether issued a statement on its official website to refute it, saying that the report was completely inaccurate and misleading. Bitfinex and Tether have world-class compliance programs and adhere to applicable anti-money laundering, KYC and anti-terrorist financing legal requirements. Paolo Ardoino, chief technology officer of Tether, had previously refuted it on Twi...
Web3 developer platform Thirdweb announces support for Polygon zkEVM scaling solution
Web3 developer platform Thirdweb announced that it will support the Polygon zkEVM scaling solution at launch. The Polygon zkEVM Mainnet Beta, launching later this month, is a new chapter in Ethereum scaling. The team has deployed the Polygon zkEVM testnet.
Web3 developer platform Thirdweb announces support for Polygon zkEVM scaling solution
Web3 developer platform Thirdweb announced that it will support the Polygon zkEVM scaling solution at launch. The Polygon zkEVM Mainnet Beta, launching later this month, is a new chapter in Ethereum scaling. The team has deployed the Polygon zkEVM testnet.
MetisDAO is combining Optimistic Rollup and zero-knowledge proof to build a hybrid Rollup
Ethereum scaling solution MetisDAO officially announced that it is building the first hybrid Rollup by combining optimistic rollup architecture with zero-knowledge proof, aiming to provide Ethereum developers with a secure and developer-friendly layer 2 to deploy all type of decentralized application.
MetisDAO is combining Optimistic Rollup and zero-knowledge proof to build a hybrid Rollup
Ethereum scaling solution MetisDAO officially announced that it is building the first hybrid Rollup by combining optimistic rollup architecture with zero-knowledge proof, aiming to provide Ethereum developers with a secure and developer-friendly layer 2 to deploy all type of decentralized application.
MicroStrategy: No Assets Managed by Silvergate Capital, No Loan Prepayment due to Silvergate Bankruptcy
MicroStrategy said Thursday it has no assets managed by Silvergate Capital (SI). Apart from a loan due in 2025, there are no other financial ties to Silvergate. MacroStrategy, the subsidiary of MicroStrategy responsible for buying Bitcoin, received a $205 million loan from Silvergate in March 2022 through the Silvergate Exchange Network (SEN) Leverage Program. The loan is due in the first quarter of 2025 and will not be prepaid due to Silvergate's insolvency or bankruptcy. According to p...
MicroStrategy: No Assets Managed by Silvergate Capital, No Loan Prepayment due to Silvergate Bankruptcy
MicroStrategy said Thursday it has no assets managed by Silvergate Capital (SI). Apart from a loan due in 2025, there are no other financial ties to Silvergate. MacroStrategy, the subsidiary of MicroStrategy responsible for buying Bitcoin, received a $205 million loan from Silvergate in March 2022 through the Silvergate Exchange Network (SEN) Leverage Program. The loan is due in the first quarter of 2025 and will not be prepaid due to Silvergate's insolvency or bankruptcy. According to p...
