This is a weekly feature that will look back at the week that was in crypto, blockchain and Web3 and offer insights and analysis. Check out last week’s here.
Where some see risk, others see opportunity.
That is certainly true in crypto, as Binance’s founder and CEO Changpeng Zhao said in an interview with Bloomberg last week that the digital-asset exchange giant may spend more than $1 billion on acquisitions and investments this year, despite what has been a tumultuous year for crypto.
The report stated Binance has committed $325 million to 67 projects this year, compared to $140 million for 73 projects last year.
Just last month, Binance put in a bid for the assets of distressed lender Voyager Digital, which filed for bankruptcy in July for $1.4 billion.
However, the winning bid went to another large exchange—Sam Bankman-Fried’s crypto exchange giant FTX. In July, FTX provided a $250 million line of credit to lender BlockFi which includes an option to buy. In a recent interview...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...