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OneDegree, one of Hong Kong’s first virtual insurers, has raised US$27 million to finance the expansion of its digital assets insurance portfolio, with Gobi Partner, Sun Hung Kai and Bitrock backing the latest fundraising efforts.
NEW YORK/LONDON – With major cryptocurrency exchange FTX on the brink of collapse, some investors are beginning to question the viability of a sector already bruised by the bitcoin bubble bursting and closures of key market players. Crypto markets have come under intense pressure this year, as rising interest rates prompt investors to ditch risky or speculative assets. The collapse.
Crypto exchange FTX was engulfed in further chaos on Saturday when the company said it had detected unauthorized transactions and analysts flagged that