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Sequoia Capital, Paradigm among VCs facing ‘tricky’ FTX investor lawsuit

It’s a “tricky case,” as it is unknown what obligation these firms had to “completely separate investors,” suggests a crypto lawyer.

Crypto to play 'major role' in UAE trade: foreign trade Minister

UAE’s minister of state for foreign trade Thani Al-Zeyoudi noted that as the country has attracted a lot of talent from the crypto sector, the UAE now needs to roll out the correct regulation to support further growth.

Samsung investment arm considering spot-Bitcoin ETF in Hong Kong

With the Hong Kong Stock Exchange being the only regulated exchange in Asia offering Bitcoin futures ETFs, some believe spot crypto ETF products will soon be allowed.

French Central Bank Head Wants Crypto Licensing Ahead of MiCA Standards: Bloomberg

Bank of France Governor Francois Villeroy de Galhau is pressing for stricter regulatory requirements for crypto companies in France, according to a report from Bloomberg.

Crypto Brokerage Genesis Eliminates 30% of Staff in Latest Cuts

(Bloomberg) -- Genesis Global Trading Inc. has laid off more than 60 employees in its latest round of job cuts, amounting to roughly 30% of the troubled crypto-brokerage’s workforce.

Silvergate’s ‘Worst-Case Scenario’ Fuels Wider Concern on Crypto

(Bloomberg) -- Silvergate Capital Corp. made one of the US banking world’s biggest bets on crypto. Now it’s reeling from a run on deposits and a massive loss, intensifying fears the collapse of crypto exchange FTX may seep elsewhere into the financial sys

Hong Kong Crypto Mogul Aims to Raise $1 Billion for Web3 Fund

(Bloomberg) -- Animoca Brands Corp. is looking to raise about $1 billion this quarter for its new Web3 and metaverse investment fund, sharply scaling back its ambitions during the current crypto industry meltdown.