A Year After FTX, Crypto Market Makers Adapt to Survive bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
The year has been very tough for market makers given lower volumes, uncertain regulatory frameworks across a number of jurisdictions and enhanced concerns around exchange counterparty risk, said Richard Galvin.
Auros, the trading firm that lost $20 million in FTX’s implosion, was released from provisional liquidation by a British Virgin Island court after major debt restructuring and the investment led by TradFi trading firm Vivienne Court and bitcoin miner Bit Digital.
Hailed "The $20 Billion CODEC" (Forbes), "The MP3 of AR" and "The Akamai of the Metaverse" (AR Insider), Mawari Corp., announces the close of a $6.5 Million oversubscribed seed round co-led by Blockchange
Abjjad raises $1 million in Series A
Jordan-based e-book subscription service Abjjad, has raised a $1 million Series A funding round from Rimal Capital, JordInvest and The Innovative Startups and SMEs Fund (ISSF).
Founded by Eman Hylooz in 2012, the Abjjad platform offers users unlimited access to over 6000 Arabic e-books and novels for a monthly fee of $5.99. We at Abjjad, consider ourselves lucky to have onboard strategic investors that will take the company to the next level, we are very excited about the next stage and we already are witnessing at the very moment the growth within our team, our users, our publishers, and our beloved writers,” said Eman Hylooz, founder and CEO of Abjjad.