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SAFU is an emergency insurance fund that was established by Binance in July 2018 to protect users' funds. When the fund was established, Binance committed a percentage of trading fees to grow it to a sizable level to safeguard users. The fund's value fluctuates based on the market...
The growth in the value of digital assets in recent years has led to increased demand for cold storage, and generated the means to protect crypto assets offline, particularly as institutional adoption of the new asset class has expanded, Copper said. The insurance will provide cover against employee...
"It's an incredibly exciting time in the crypto-world, and Sam and the revolutionary FTX team continue to open my eyes to the endless possibilities," said Brady in a press release at the time. "This particular opportunity showed us the importance of educating people about the power of crypto...
The regulator is actively courting companies. James Bernard, founding partner of consultancy JBLV and founding member of the Dubai Global Blockchain Council told CoinDesk that VARA is “inviting some of the top companies around the world to be part of its MVP,” he said, whether that be exchanges,...
In an email sent from ARK’s trading desk, the fund reported that it's increasing its stake in Coinbase across its three funds: ARK Innovation, ARK Next Generation Internet, and ARK Fintech Innovation. ARK said it would be adding 420,949 shares of COIN to the current 7.7 million that...
Hello folks. It is election day in the U.S., and that was going to be my main focus today, up until about 11:05 a.m. ET anyway. That’s the point when Sam Bankman-Fried announced that his company FTX would enter a “transaction” with Binance, which Binance CEO Changpeng Zhao...
Bitcoin was recently trading at about $18,400, a more than 11% decline over the last 24 hours. The largest cryptocurrency by market capitalization last fell below $19,000 on Oct. 21. Ether was recently changing hands a little above $1,300, off more than 16% from Monday, same time. Other...
A self-described “effective altruist,” Bankman-Fried made big promises earlier this year to donate the majority of his fortune, at the time valued at $21 billion, to charity. He also promised to spend up to $1 billion to support political candidates aligned with his broader mission of preparing for...
The U.S. votes for the House and Senate today. Control of the legislature is up for grabs. CoinDesk’s Nikhilesh De, Jesse Hamilton and Cheyenne Ligon will bring you live updates on the crypto market’s reaction and what the results could mean for the industry. Team Valhalla