Crypto Sector Bagged Over $14 Billion from Venture Capital Firms in First Half of 2022: KPMG

Crypto Sector Bagged Over $14 Billion from Venture Capital Firms in First Half of 2022: KPMG

ByNews Polite

The crypto sector saw the successful completion of 725 deals in the first half of this year. So far in 2022, the industry has bagged investments of $14.2 billion (roughly Rs. 1,13,500 crore), a new report by KPMG has claimed. The organisation is among India’s renowned providers of risk, financial,…

FTX to Freeze Deposits, Withdrawals on Solana, Arbitrum Blockchains Amid Merge Transition

FTX to Freeze Deposits, Withdrawals on Solana, Arbitrum Blockchains Amid Merge Transition

ByNews Polite

FTX crypto exchange will be briefly pausing all deposits and withdrawals of ETH and ERC-20 tokens as the Etheruem blockchain gears up to transition into its eco-friendly upgrade, named the Merge. The final Bellatrix update for this transition to complete is scheduled to start on Tuesday, September 6. The Merge…

FTX Has ‘A Few Billion’ to Support Industry, Claims Head Sam Bankman-Fried

FTX Has ‘A Few Billion’ to Support Industry, Claims Head Sam Bankman-Fried

ByNews Polite

Sam Bankman-Fried, head of one of the largest cryptocurrency exchanges, FTX, said he and his company still have a “few billion” on hand to shore up struggling firms that could further destabilise the digital asset industry, but that the worst of the liquidity crunch has likely passed. Bankman-Fried, 30, who…