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He is seeking the remainder from other funds, including current investors in FTX such as venture capital fund Sequoia Capital, the source added. Bankman-Fried told investors that Alameda owes FTX about $10 billion, the Wall Street Journal reported. FTX had lent more than half of its customer funds to Alameda, the newspaper said. The U.S. securities regulator is investigating FTX.com's handling of customer funds and crypto-lending activities, according to a source with knowledge of the inquiry. Canada's Ontario Teachers Pension Plan, Tiger Global and Japan's Softbank are also FTX investors.

☆ A startup building software to encrypt messaging tools such as Slack just raised $11 million from Molten Ventures. Check out the 17-slide pitch deck Worldr used to secure the round.
▼ + stars: | 2022-11-07 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

A startup building encryption software to secure business communications on Slack and Teams just raised $11 million. London-based startup Worldr has built an additional layer of "zero-trust" infrastructure offering security, privacy, and compliance for business communication apps. As the company scaled into new markets, it became a highly regulated business, Buchan told Insider. This means that despite using Slack or Teams for business communications, those companies can't access the customer's data. The company has built integrations for Microsoft Teams, Slack, and WhatsApp, and has Microsoft Outlook in the works.

☆ Cryptocurrencies posted strong gains in October. Here’s why investors are optimistic on the rest of the year
▼ + stars: | 2022-11-03 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Things are looking up for crypto after bitcoin and ether finally climbed enough to post gains for October. Prices were unusually flat for most of the month, but several investors have interpreted that as stability and resilience. Still, investors say that while it may be too early to call a bottom, recovery is in sight. McClurg also a highlighted a recent move of $940 million in bitcoin investors removed from exchanges, calling it a typically bullish signal and an indicator that people are saving their bitcoin rather than selling it. While the central bank continues to dominate investors' attention, the case for bitcoin continues develop for other market participants.

☆ Cryptoverse: British pound fiasco boosts bitcoin's hedge appeal
▼ + stars: | 2022-10-25 | by ( Lisa Pauline Mattackal | ) www.reuters.com time to read: +4 min

Oct 25 (Reuters) - As a developed nation, you know your currency's in a spot of bother when investors start to hedge with bitcoin. Register now for FREE unlimited access to Reuters.com Register"It was the first time we've seen such a huge increase in (bitcoin) volumes for the currency of a developed country," said Ed Hindi, chief investment officer at Tyr Capital. In fact, over the past month of market ructions, U.S. Treasuries have been equally or more volatile than bitcoin, according to Refinitiv data. The pound volumes echoed similar instances of investors jumping into bitcoin when fiat money came under pressure, including in Russia and Ukraine this year. Some crypto watchers say the September surge was nonetheless a reflection of bitcoin's enduring appeal as an asset outside mainstream finance.

"There is more asset allocation towards baskets that combine the top five or 10 crypto assets by market cap. TICK BY TICKMost active crypto ETP products are registered outside the United States, though, with Switzerland, Canada, Australia and Brazil racing ahead with spot crypto offerings. One reason is that U.S. regulators have turned down several applications for spot bitcoin funds, which mirror the cryptocurrency's price movements tick-by-tick, citing multiple reasons including a lack of surveillance-sharing agreements with regulated markets relating to the spot funds' underlying assets. The world's largest bitcoin fund, Grayscale Bitcoin Trust (GBTC.PK), is down 34% in the same time. At Grayscale's Bitcoin Trust, the AUM have tumbled to $12.2 billion from over $30 billion at the end of 2021, data from the firm showed.

☆ Bitcoin falls to start the week as investors look ahead to inflation data
▼ + stars: | 2022-10-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin fell to its lowest level in over a week on Monday as investors continued to digest strong jobs data from Friday that pushed risk assets including cryptocurrencies even deeper into the red. I also expect significant volatility on Thursday, with a move up or down depending on the inflation figure." Investors watch these updates closely for clues about the Federal Reserve's next move in its fight to bring down inflation. "Key data points to watch out for this week will be the CPI data beat/miss on Wednesday and the FOMC minutes, a whiff of dovishness is likely to be supportive for crypto assets." Despite the anxiety hanging over investors, cryptocurrencies' volatility has been uncharacteristically low in recent weeks, though its correlation with stocks remains positive.

The FCA has been criticised by lawmakers and the crypto sector for being slow in processing licence applications and for rejecting swathes of applicants despite the UK government's push to make London a global crypto hub. "That is a benefit to the UK economy and UK financial service industry, and is good for competition, inward investment and growth." Crypto firms are scrutinised by the FCA for their ability to stop their operations being used for money laundering or financing terrorism. read moreMills said 95 people have been hired to the watchdog's authorisations team and the pending caseload has fallen by 40%. Mognetti said the European Union's new set of 'MiCA' rules for fully licensing crypto firms will put the EU at an advantage over Britain.

The pound fell to a record low against the dollar on Monday, having plunged the previous Friday after the UK government announced unfunded tax cuts . "There is a high correlation to bitcoin volume growth and political/monetary instability," he said. read moreVersus the dollar, bitcoin is down around 58% so far this year, while the British pound is down 20%. Bitcoin was trading around $19,515 on Wednesday and at 17,940 versus the British pound . The cryptocurrency hit a two-week high against the British pound on Tuesday.

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