Aidan Ryan — The Information

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Aidan Ryan

Reporter

Aidan Ryan is a reporter for The Information, covering crypto. He previously was an intern for The Information and covered politics for the Boston Globe. Aidan graduated from Harvard College in 2021 with a degree in social studies. Originally from New Hampshire, he lives in Brooklyn and can be reached at [email protected] Follow him on Twitter @aidanfitzryan.

BlockFi CEO Denies Reports of $25 Million Acquisition by FTX

June 30, 2022 · 12:32 PM PDT

BlockFi was previously valued at $4.75 billion.

Three Arrows Capital Co-Founder and CEO Zhu Su. Photo: Bloomberg. Art by Mike Sullivan

What’s Next After the Three Arrows Meltdown

By Aidan Ryan · June 29, 2022 3:12 PM PDT

Hopes of a near-term recovery in crypto prices have all but vanished. Now, all eyes are on liquidity crises playing out at crypto lending firms like Celsius and BlockFi as well as the crypto hedge fund Three Arrows Capital.The latest: Sky News reported on Wednesday that a court in the British Virgin Islands has ordered the liquidation of Three... Hopes of a near-term recovery in crypto prices have all but vanished. Now, all eyes are on...

Crypto Hedge Fund Three Arrows Capital Ordered to Liquidate

June 29, 2022 · 8:20 AM PDT

Consulting and advisory firm Teneo is handling the insolvency.

Coinbase CEO Brian Armstrong. Photo: Bloomberg

Coinbase Pulls Back Its Startup Investing as Others Weigh Options

By Aidan Ryan · June 28, 2022 12:11 PM PDT · 1 comment

Coinbase CEO Brian Armstrong. Photo: Bloomberg

Coinbase Pulls Back Its Startup Investing as Others Weigh Options

By Aidan Ryan · June 28, 2022 12:11 PM PDT · 1 comment

Investors are fleeing crypto as the markets collapse. So will big crypto companies keep pumping money into startups to help the fledgling industry stay afloat? So far, the data is mixed. On one hand, industry giant and once prolific investor Coinbase has been tapping the brakes. Its venture arm, Coinbase Ventures, invested in just eight... Investors are fleeing crypto as the markets collapse. So will big crypto companies keep pumping...

FTX Exploring Acquisition of Robinhood

June 27, 2022 · 1:18 PM PDT

Any potential takeover deal would have to be approved by the Robinhood co-founders, who control over 50% of the company’s voting rights.

Congressional Report Says Robinhood Understated Liquidity Problems During Meme Stock Craze

June 24, 2022 · 3:05 PM PDT

During the height of the meme stock craze, Robinhood halted some transactions and later raised $3.4 billion from investors for emergency funding.

FalconX Chief of Staff Austin Reid. Photo: FalconX. Art by Mike Sullivan

FalconX Deal a Bright Spot in Bleak Market for Crypto

By Aidan Ryan · June 22, 2022 1:59 PM PDT

It’s been a rough couple of weeks for crypto companies as token prices have dropped, bellwethers such as Coinbase have laid off staff, and the crash in two cryptocurrencies—terraUSD and luna—has trashed confidence in digital assets. But some startups have been able to lock in new funding rounds or deals. FalconX on Wednesday said it raised... It’s been a rough couple of weeks for crypto companies as token prices have dropped, bellwethers...

FalconX Valued at $8 Billion After Raising Series D Round

June 22, 2022 · 9:32 AM PDT

FalconX is one of a handful of crypto companies that have been able to raise money amid a crypto market downturn.

BlockFi Receives $250 Million Bailout From FTX

June 21, 2022 · 11:46 AM PDT

BlockFi has been under financial pressures in recent weeks, laying off 20% of its employees earlier this month.

Crypto Asset Manager Babel Finance Pauses Withdrawals

June 17, 2022 · 7:10 AM PDT

Babel’s announcement comes amid falling crypto prices and financial pressures on several crypto companies.

Celsius CEO Alex Mashinsky. Photo by Bloomberg. Art by Mike Sullivan.

What the Celsius Freeze Could Mean for Crypto; Recapping Coinbase’s Turbulent Month

By Aidan Ryan · June 15, 2022 2:44 PM PDT

As crypto prices continue to plunge, all eyes are on big crypto investors and the lenders that helped speculative investors juice their bets. Trouble in recent days at crypto lender Celsius and crypto hedge fund Three Arrows Capital has placed the industry on edge just weeks after the implosion of the algorithmic stablecoin TerraUSD—in turn... As crypto prices continue to plunge, all eyes are on big crypto investors and the lenders that...

Three Arrows Capital Founder Tweets Vague Message Amid Liquidation Rumors

June 15, 2022 · 7:50 AM PDT

Founded in 2012, the hedge fund is reported to have $10 billion under management, according to Bloomberg.

Coinbase to Lay Off 18% of Employees

June 14, 2022 · 6:17 AM PDT

Coinbase joins several crypto companies that have announced layoffs in recent weeks including crypto lending startup BlockFi and crypto exchanges Gemini and Crypto.com.

BlockFi Laying Off 20% of Staff

June 13, 2022 · 9:48 AM PDT

BlockFi is far from the only company that has been forced to slash staff amid a dramatic crypto market rout.

Galaxy Digital CEO Mike Novogratz. Photo: Bloomberg. Art by Mike Sullivan.

Crypto Recruiters Feel the Chill; Breaking Down the Digital Asset Bill

By Aidan Ryan · June 8, 2022 1:10 PM PDT

Over the past few weeks, we’ve been covering the downturn in crypto prices and how that’s affecting crypto companies. For some, it’s triggered layoffs and hiring freezes. But as my story on Tuesday this week shows, there’s also an effect on the broader ecosystem of firms that have helped facilitate the massive growth in the industry. For... Over the past few weeks, we’ve been covering the downturn in crypto prices and how that’s...

PayPal Launches Crypto Transfers for Bitcoin, Ethereum

June 7, 2022 · 10:44 AM PDT

PayPal joins a growing number of fintechs in broadening their crypto payments offerings.

Coinbase Shopped for Amazon Employees Before Hiring Freeze

By Aidan Ryan · June 7, 2022 6:04 AM PDT

Before a hiring freeze brought its eye-popping expansion to a screeching halt, Coinbase went shopping at Amazon: for employees. The e-commerce giant was the top source of new hires for Coinbase in the first five months of this year, unseating Google from the No. 1 spot and accounting for 11% of the people joining the crypto firm through May. (By... Before a hiring freeze brought its eye-popping expansion to a screeching halt, Coinbase went...

Coinbase to Extend Hiring Freeze, Rescind Many Recent Offers

June 2, 2022 · 3:14 PM PDT

The decisions mark a significant about-face for the crypto exchange, which had originally planned on hiring 6,000 employees in 2022.

Ex-OpenSea Employee Charged with Insider Trading

June 1, 2022 · 12:16 PM PDT

Chastain was charged with one count each of wire fraud and money laundering, both of which carry a maximum sentence of 20 years in prison.

Ken Li, executive director of investments and M&A at Binance. Photo: Binance

What Binance Labs Is Telling Founders Amid Downturn; Haun Ventures Adds to Deal Team

By Aidan Ryan · May 25, 2022 1:15 PM PDT

Ken Li, executive director of investments and M&A at Binance. Photo: Binance

What Binance Labs Is Telling Founders Amid Downturn; Haun Ventures Adds to Deal Team

By Aidan Ryan · May 25, 2022 1:15 PM PDT

Investors haven’t been shy about warning founders that the next crypto winter is upon us—though most are spinning the downturn as a big opportunity for those that can weather the storm to come out even stronger. Andreessen Horowitz seemed to prove this logic right, at least as far as funding opportunities go, when it announced its mega new $4.5... Investors haven’t been shy about warning founders that the next crypto winter is upon us—though...