Cryptocurrency exchange Binance said on Thursday it was committing $1 billion (nearly Rs. 8,200 crore) to establishing an industry recovery initiative (IRI) to invest in companies from the digital assets sector. The move comes at a time when the crypto market is teetering from the collapse of FTX, which is seeking Chapter 11 bankruptcy protection in the United States.

source https://www.gadgets360.com/cryptocurrency/news/binance-ftx-establish-industry-recovery-initiative-invest-digital-sector-companies-3551391#rss-gadgets-all