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<keyword id="20143333" type="General" weightage="20" keywordseo="social-media-platform" source="keywords">Social media platform</keyword> <keyword id="20639239" type="General" weightage="100" keywordseo="Koo" source="keywords">Koo</keyword>, which had pitched itself as a rival and viable alternative to <keyword id="19959118" type="General" weightage="20" keywordseo="Twitter" source="keywords">Twitter</keyword> (now X), is shutting down with co-founders on Wednesday penning a heartfelt note about tough decisions and little yellow bird bidding "final goodbye". In a post on <keyword id="19951562" type="General" weightage="20" keywordseo="LinkedIn" source="keywords" meta.keywordsubtype="org" meta.entityname="LinkedIn" meta.hostid="261" meta.entityid="LinkedIn">LinkedIn</keyword>, co-founders <keyword id="20760806" type="General" weightage="20" keywordseo="aprameya-radhakrishna" source="keywords">Aprameya Radhakrishna</keyword> and Mayank Bidawatka announced that the platform will be discontinuing its services to the public, as talks for a <keyword id="19900447" type="General" weightage="20" keywordseo="partnership" source="keywords">partnership</keyword> with multiple larger internet companies, conglomerates and media houses did not yield the desired outcomes. "We explored partnership with multiple larger internet companies, conglomerates and media houses but these talks didn't yield the outcome we wanted," the note said. The duo said that although they would have liked to keep the app running, "the cost of technology services to keep social media app running is high and we've had to take this tough decision". Koo at its peak grossed about 2.1 million daily active users, about 10 million monthly active users, and over 9,000 VIPs that included some of the most prominent personalities from various fields. "We were just months away from beating Twitter in <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword> in 2022, and could have doubled down on that short term goal with capital behind us," they said. A <keyword id="20041080" type="General" weightage="20" keywordseo="funding-winter" source="keywords">funding winter</keyword>, however hit the company at its peak, hurting plans and forcing the platform to "tone down" its growth trajectory. "Unfortunately for us, the mood of the market and the funding winter got better of us," the note mentioned as the founders signed off saying, "the little yellow bird says its final goodbye" in a reference to Koo's yellow bird logo. It may be recalled that Koo's popularity in India peaked around 2021 amid the Indian government's spat with Twitter (now X) and growing calls for expanding the ecosystem of homegrown digital platforms. At its peak, Koo had experienced heady growth in its user metrics as union ministers and government departments at that time heavily endorsed the homegrown microblogging platform.

Curtains down for Koo; founders say little yellow bird bids final goodbye

Jocie Nelson has been cross-country skiing for as long as she can remember. When she was growing up, the sport was her way of connecting with nature during the long, harsh Minnesota winters, where temperatures often reach the minus 30s. Thousands of Americans share her enthusiasm: Since high school, Nelson has joined nearly 15,000 other skiers in the American Birkebeiner, a 50-kilometer cross-country ski race through the small town of Hayward, Wisconsin. The crowds of spectators line several people deep."Everybody is cheering like crazy," Nelson said of her first time crossing the finish line, "and it seems like they're all cheering for you."Nelson is now approaching her 25th race, but this year, the event is facing major roadblocks. "We're looking at a low-snow year. These bands of snow just completely have missed Hayward," Shawn Connelly, the Birkebeiner Ski Foundation's marketing and communications director, said. Despite worries around cancellation, the Birkebeiner is moving forward, albeit with a shortened and <a target="_blank" href="https://www.startribune.com/birkie-ski-skiers-race-snow-winter/600342998/">altered course.</a>Across much of the upper Midwest, last December was the warmest ever recorded. In Minneapolis, it was a tropical 54 degrees on Christmas. Minnesota's State Climatology Office dubbed this year "<a target="_blank" href="https://www.dnr.state.mn.us/climate/journal/lost-winter-2023-24.html">The Lost Winter</a>." While the warm weather is in part exacerbated by this year's <a target="_blank" href="https://www.businessinsider.com/el-nino-winter-weather-meaning-forecast-predictions-maps-2023-10">El Niño weather pattern</a>, it's also a sign of what's to come as the climate warms. February marked the first time Earth warmed <a target="_blank" href="https://www.cnn.com/2024/02/08/climate/global-warming-limit-climate-intl/index.html">1.5 degrees Celsius</a> over the prior 12 months, a milestone long dreaded by climate scientists. In other words, this isn't just a fluke; it's the beginning of a new normal.<a target="_blank" href="https://www.cnn.com/2024/02/08/climate/global-warming-limit-climate-intl/index.html">The climate c</a><a target="_blank" href="https://www.businessinsider.com/climate-change-effects-adapt-or-die-un-ipcc-report-2022-3">risis</a> is altering our winters forever — making them warmer, shorter, and <a target="_blank" href="https://www.businessinsider.com/extreme-weather-events-nyc-whiplash-big-blizzard-snow-storm-2024-2">less predictable</a>. As a result, communities around the world are hurtling toward what the researchers Alexander Gottlieb and Justin Mankin have <a target="_blank" href="https://www.washingtonpost.com/climate-environment/2024/01/10/winter-snowpack-northern-hemisphere-climate/">dubbed</a> "the snow-loss cliff." Their <a target="_blank" class="" href="https://affiliate.insider.com?h=7acbf8f294f9ef84b2039106183fd70805d22184b797933eba0898a009df59a5&amp;postID=65ce29eaef49b4ccc97b437d&amp;postSlug=death-of-snow-america-midwest-warm-winter-skiing-climate-change-2024-2&amp;site=bi&amp;u=https%3A%2F%2Fwww.nature.com%2Farticles%2Fs41586-023-06794-y">research</a> has found that once temperatures reach a certain threshold, snow disappears faster and faster. The magic number, it turns out, is an average winter temperature of 17 degrees Fahrenheit. After that, the warmer a region gets, the more rapidly it shifts toward a snow-free future. Snowpack is already on the decline in 23 watersheds across the Northern Hemisphere, and for much of the US Southwest and Northeast, "the train has left the station," Gottlieb said in a <a target="_blank" href="https://home.dartmouth.edu/news/2024/01/climate-change-behind-sharp-drop-snowpack-1980s">statement</a>.<div type="image" title="Jocie Nelson skiing the Birkie in 2019, dressed up as Inga, with her family." height="1632" width="2464" msid="107823613" hostid="261"></div>For Nelson and everyone who has created identities and cultures around winter, a <a target="_blank" href="https://www.businessinsider.com/ski-season-resorts-struggle-open-global-warming-climate-crisis-2024-1">snowless future</a> would be a profound loss. The Birkie is practically embedded in Nelson's family lineage; her father-in-law just finished his 20th Birkie at 80 years old, and her children started skiing the youth tour when they were 3. "My mom used to tease us that we went to ski races to see 500 of our closest friends," Nelson said.But as snowless winters become more common across the country, these traditions are going to be harder and harder to maintain. As we lose the snow, we're also losing part of our identities.When I was growing up in Minnesota, winter was omnipresent. Every December, the Minneapolis lakes would freeze over, creating entirely new public parks. <a target="_blank" href="https://www.businessinsider.com/122-fishermen-stranded-on-an-ice-floe-minnesota-lake-rescued-2023-12">Ice fishers</a> would drill holes and set up semipermanent houses on the ice, skijorers would train their dogs to pull them along the frozen lakes as they skied behind, rinks would be cleared and maintained for pond hockey and ice skating, intrepid swimmers did <a target="_blank" href="https://www.businessinsider.com/cold-plunging-every-day-has-really-helped-my-anxiety-2023-11">cold plunges</a> in holes carved into the lake, and artists <a target="_blank" href="https://artshantyprojects.org/">capitalized</a> on the lack of building codes to set up shanties and interactive sculptures on the seasonal public space.In many ways, snow, ice, and freezing temperatures are baked into the cultural DNA of Minneapolis and communities across the country. But this year, the casualties of a snowless winter — from <a target="_blank" href="https://www.startribune.com/these-minnesota-winter-festivals-were-altered-postponed-or-canceled-by-warm-weather/600339459/">canceled ski races</a> and ice-fishing contests to nonexistent ice palaces — are stacking up.For weeks, it wasn't clear whether the Cross-Country World Cup, an international ski race that took place in Minneapolis on Presidents Day weekend, would happen. It was the first time in two decades that it was hosted in the US. But the warm temperatures and lack of snow leading up to the weekend left organizers rattled — a possibility that Claire Wilson, the executive director of the organization that hosted the event, the Loppet Foundation, couldn't have imagined when planning started years ago.<div type="image" title="The course for the Cross Country World Cup has just enough snow." height="900" width="1600" msid="107823614" hostid="261"></div>"I said, 'We'll do it in February because there's no way we won't have snow in February,'" Wilson recalled last month. "I could not have envisioned a scenario where we could not make snow or we had no snow in January. It's January, and we can't. It's 50 degrees outside." The race is still set to take place, thanks to a late-January cold snap that allowed the organizers to make enough snow to cover the course. "It will not be the winter wonderland we had hoped for," Wilson wrote in an email, "but it will be something!"The Loppet Foundation also works with schools in north Minneapolis to <a target="_blank" href="https://www.businessinsider.com/how-many-calories-does-cross-country-skiing-burn-2018-2">teach kids how to ski</a>. But this year, Wilson's team has been stuck inside. "There was a whole lot of teaching kids how to put on their skis in the gym," she said.For Americans used to consistently frigid, snowy winters, this year's tepid and rainy weather hangs uncomfortably. "There's a joy that comes from being in that change of seasons," Wilson said. "I just think we're missing that joy. I hear it from my staff, I hear it from our participants. There's a lot of folks who are just really missing winter, and it's showing up as grief."Peter McClelland, a 55-year-old Minnesotan, is also feeling the loss from this year's weird winter. On a winter camping trip in college, McClelland fell in love with <a target="_blank" href="https://www.businessinsider.com/what-its-like-to-go-dog-sledding-2013-1">dog sledding</a>, and before long, he got a gig guiding dog-sled trips. "I was supposed to guide for only a year or two before I went to grad school," he said with a laugh. "I haven't been to grad school yet."For McClelland, dog sledding is an almost spiritual experience. "When you're working with an animal together to accomplish a common goal, it's a deeper connection," he said.McClelland started his own guiding business in Minnesota in 1995 and now has a team of 100 dogs that he leads to bring visitors on tours through the woods. The week between Christmas and New Year's is usually his busiest season. This year, however, it rained over Christmas, and there was no snow — a first for McClelland, and a real hit to his business. "We don't know how the rest of winter is going to go. But we're going to lose a minimum of a third of our businesses, and I do not expect to be solvent again until March of 2025, if everything goes right," McClelland said. <div type="image" title="Sled dogs leading a sled through the snow" height="1664" width="2496" msid="107823617" hostid="261"></div>With warmer weather eating into the peak of the season, it's getting harder and harder to sustain a winter-based business. "I do not feel that I have a business I could turn over to my kids," he said.The impact on his company isn't the only thing McClelland is mourning. "The history of sled dogs and humans is so deep," he told me. "To travel together is just such a rich experience and part of human history that, if we lose it, we've really lost something. And people won't even know it."For much of the country, long, harsh winters aren't exactly celebrated. Even in Minnesota, the only thing locals love more than winter is threatening to move to warmer states. As a kid, I remember frantically trying to melt the icicles in my ponytail with my palms so my hair wouldn't snap off after walking to school in subzero temperatures. On those days, I'm sure I fantasized about warmer, sunnier weather too. But now, after two nearly <a target="_blank" href="https://www.businessinsider.com/extreme-weather-events-nyc-whiplash-big-blizzard-snow-storm-2024-2">snow-free years in New York City</a>, where the climate was recently <a target="_blank" href="https://www.thecut.com/2020/07/new-york-citys-climate-reclassified-as-humid-subtropical.html">reclassified</a> as "humid subtropical," I miss those frigid January mornings filled with frozen tree branches that look dipped in glass.For places with deep winter traditions, the changing climate could mean a permanent reconfiguration of our relationship with the season. In 2005, the Australian environmental philosopher Glenn Albrecht coined the term "solastalgia" to mean a kind of homesickness — not for another place or time but for a climate or environment that no longer exists. To me, the feeling combines grief with a sense of uneasiness, a vague perception that things aren't as they should be.The reason that solastalgia is so powerful isn't just that we're mourning a specific environment or season but also that the changing environment alters our shared sense of identity."I actually think we're grieving a changing environment very little," Alexander Lee, an environmental philosopher at Alaska Pacific University, said. "The way that the change takes on any sort of either moral weight or cultural weight, or emotional weight, the way it takes on value, is how I relate to it."In other words, it's not just the changing winters that we're grieving but also the parts of ourselves that are changing with it.One event that survived this year's "lost winter" was the Great Northern, a 10-day festival in Minneapolis dedicated to the majesty of winter. Today it's almost as much about the loss of winter as it is about the season itself. "The festival demonstrates how deeply winter has shaped our culture — what it does to us, how it makes us who we are," Kate Nordstrum, the chief programming officer for the Great Northern, said. In recent years, there has been an increasing emphasis on the climate crisis; this year, along with events such as a sauna village and ice bar, there were talks on climate policy and climate-career options."It was meant to be a celebration of winter," Nordstrum said. Now it's also about the "fight to preserve it," she added."People who have grown up in the North, whether it's here or somewhere else that has deep winter snow, are starting to think back to childhood, and it almost feels like a dream," she said. "You wonder: We may have some more glimpses of winter coming still, but will it continue fading?"<div type="image" title="Jocie Nelson skiing the Birkie with her infant son on her back." height="3000" width="2312" msid="107823619" hostid="261"></div>This question weighs on me more heavily with each passing year. For me, winter has always been about the collective identity that we shape in these shared traditions in the cold — the intangible joy McClelland finds in his bond with his dogs, the community Nelson has built over decades at the Birkie, and the memories I share with childhood friends, sledding on the streets in a snowstorm, giggling and shrieking as we jumped into a frozen lake in January. These moments made up the old sense of normal that is being slowly eroded by the climate crisis. What can I someday share with my kids about a season that will be, in a few decades, so different from what I remember from my childhood?Connelly of the Birkebeiner Ski Foundation is optimistic that winter culture will live on. He recalled the 1981 Birkie when it was 63 degrees and hundreds of volunteers showed up to shovel snow onto the course to make the race possible. "That just speaks to that resiliency," he said. "We make lemonade. If we get low snow, we're going to find that snow and use it as best we can to get out there."Wilson of the Loppet Foundation is less certain. Without snow and freezing temperatures, she said, winter is going to be different. "It is going to shift our identity," she said. "I don't think I have the answer to what that is going to look like. But the shift is underway."<a target="_blank" href="https://www.businessinsider.com/author/alexandria-herr">Alexandria Herr</a> is a climate and environment writer from Minnesota residing in Brooklyn.

The snowy winters of your childhood are gone for good

Winter in India is a diverse tapestry of climates, offering travelers a chance to escape the cold and embrace warmer locales. While some parts of the country bundle up in layers, others bask in the gentle sun and pleasant temperatures. Here's a curated list of 10 destinations across India that offer a warm respite during the winter months. 1. Goa, Goa - Beach Bliss Goa's golden beaches and balmy weather are a magnet for travelers seeking a sun-soaked holiday in winter. The lively atmosphere, water sports, and beachfront shacks make it an ideal spot to soak up the warmth. 2. Andaman and Nicobar Islands - Tropical Paradise Picture-perfect beaches, crystal-clear waters, and a tropical climate define the Andaman and Nicobar Islands. Winter months here promise excellent weather for snorkeling, diving, or simply lounging by the serene shores. 3. Rishikesh, Uttarakhand - Spiritual Haven While the Himalayan foothills embrace winter, Rishikesh offers a milder climate. Set along the banks of the Ganges, it's a sanctuary for yoga enthusiasts, adventure seekers, and those seeking spiritual enlightenment. 4. Puducherry (Pondicherry) - French Flair Puducherry's French colonial charm combined with serene beaches and agreeable weather make it an ideal winter escape. Stroll through its quaint streets, enjoy the fusion cuisine, and unwind by the shore. 5. Munnar, Kerala - Tranquil Retreat Known for its tea estates, Munnar boasts a winter climate perfect for exploring nature. The days are pleasantly warm, while the nights offer a refreshing coolness, ideal for trekking and wildlife enthusiasts. 6. Hampi, Karnataka - Historical Marvel The ancient ruins and rocky landscape of Hampi stay relatively warm during winters. Explore the UNESCO-listed heritage site, temples, and bouldered landscapes while enjoying the comfortable temperatures. 7. Jaipur, Rajasthan - Royal Splendor Rajasthan’s capital, Jaipur, offers sunny days and mild winters, perfect for exploring historical forts, palaces, and vibrant markets. Embrace the Rajasthani culture amidst the city's warm embrace. 8. Gokarna, Karnataka - Beachside Serenity A quieter alternative to Goa, Gokarna's serene beaches beckon travelers seeking tranquility. Enjoy beach camping, trekking, or simply lazing on the sands under the warm winter sun. 9. Pachmarhi, Madhya Pradesh - Natural Haven Nestled amidst lush forests and scenic landscapes, Pachmarhi boasts a pleasant winter climate. It's an ideal retreat for hiking, exploring waterfalls, and embracing nature's beauty. 10. Digha, West Bengal - Coastal Charm Digha's calm beaches and moderate winter temperatures offer a relaxing coastal getaway. Enjoy beachfront walks, local seafood, and the soothing ambiance away from the winter chill. Conclusion: India’s diversity shines brightly in its <keyword id="3208153" type="General" weightage="20" keywordseo="winter-destinations" source="Orion">winter destinations</keyword>, offering warm respites amidst the chilly season. Whether it's the sunny beaches of Goa or the historical marvels of Jaipur, each destination invites travelers to experience unique warmth, culture, and landscapes during the colder months. So, pack your bags, embrace the sun, and indulge in the warmth of these enchanting destinations waiting to be explored during India's winter season. Note: The article is based on content generated by AI models like Bard and Chatgpt.

Winter getaways: 10 enchanting destinations in India to visit

As winter approaches, India unveils a breathtaking tapestry of landscapes and experiences that beckon travellers seeking both adventure and serenity. From snow-capped mountains to sun-kissed beaches, the country offers a diverse array of destinations that come alive during the winter months. Here's a curated list of 10 famous destinations in India that promise a memorable winter getaway in 2023. 1. Gulmarg, Jammu and Kashmir: Nestled in the Pir Panjal range, Gulmarg transforms into a winter wonderland during the colder months. Famous for its pristine snow-covered landscapes, this hill station offers a paradise for skiing enthusiasts. The Gulmarg Gondola, one of the highest cable cars in the world, provides panoramic views of the snow-clad peaks. 2. Manali, Himachal Pradesh: Manali, surrounded by towering snow-capped mountains and lush valleys, is a perennial favorite for winter escapades. The Solang Valley becomes a hub for winter sports, including skiing, snowboarding, and snowmobiling. Rohtang Pass, adorned with a white blanket of snow, offers spectacular vistas for those seeking a scenic adventure. 3. Auli, Uttarakhand: Auli, perched in the Garhwal Himalayas, is renowned for its pristine slopes and is often referred to as the 'Skiing Capital of India.' The winter months turn Auli into a skier's haven, with the Nanda Devi and Nar Parvat peaks forming a majestic backdrop. The Auli Artificial Lake adds to the charm, reflecting the snow-clad beauty of the surroundings. 4. Rann of Kutch, Gujarat: While the Rann of Kutch is famous for the vibrant Rann Utsav during winters, it is also a surreal destination for those seeking a unique winter experience. The vast salt desert shimmers in the winter sun, creating an otherworldly landscape. Visitors can indulge in cultural festivities, desert safaris, and stargazing in this expansive white desert. 5. Jaipur, Rajasthan: Winter in Jaipur is a time of cultural festivities and pleasant weather, making it an ideal destination for history and architecture enthusiasts. Explore the magnificent Amber Fort, stroll through the colorful bazaars of the Pink City, and witness the grandeur of the City Palace. The Jaipur Literature Festival, held in January, adds an intellectual and artistic flavor to the city. 6. Andaman and Nicobar Islands: For those seeking a sun-soaked winter escape, the Andaman and Nicobar Islands offer a tropical paradise. The pristine beaches, vibrant coral reefs, and azure waters make it an ideal destination for water activities and relaxation. Havelock Island, known for its Radhanagar Beach, is a must-visit for its stunning sunsets. 7. Darjeeling, West Bengal: The hill town of Darjeeling, surrounded by the Eastern Himalayas, is a charming destination in winter. The cold weather enhances the appeal of attractions like the Tiger Hill, Batasia Loop, and the Darjeeling Himalayan Railway. Sip on a cup of locally grown tea while enjoying panoramic views of snow-clad peaks. 8. Kutch, Himachal Pradesh: Often overshadowed by its more famous counterparts, Kutch in Himachal Pradesh is a hidden gem for winter travelers. With its tranquil ambiance, apple orchards, and snow-covered landscapes, Kutch offers a serene retreat. The Bhimakali Temple and the delightful town of Sarahan are worth exploring in thNote: The article is based on content generated by AI models like Bard and Chatgpt.is lesser-known winter destination. 9. Goa: While Goa is synonymous with sun and sand, the winter months offer a unique charm. The crowded beaches give way to a more relaxed atmosphere, and the temperature becomes pleasant for outdoor activities. Experience the vibrant nightlife, indulge in water sports, and savor the delicious seafood at beachside shacks without the usual tourist rush. 10. Coorg, Karnataka: Coorg, also known as the 'Scotland of India,' is a picturesque destination that comes alive during winter. The mist-covered hills, lush coffee plantations, and the aroma of eucalyptus in the air create a soothing retreat. Abbey Falls, Raja's Seat, and Talacauvery are among the attractions that showcase Coorg's natural beauty. Conclusion: Embark on a Winter Odyssey in India From the snow-clad peaks of the Himalayas to the sun-drenched beaches of Goa, India offers a diverse and enchanting array of destinations for <keyword id="15987061" type="General" weightage="20" keywordseo="winter-travels" source="Orion">winter travels</keyword> in 2023. Whether you seek the thrill of winter sports, the tranquility of misty hills, or the warmth of cultural festivities, these 10 destinations beckon with promises of unforgettable experiences. Embrace the winter magic, explore the diverse landscapes, and create cherished memories in the embrace of India's winter wonders. Note: The article is based on content generated by AI models like Bard and Chatgpt.

10 must-visit destinations in India for winter travels 2023

<ul class="summary-list"><li><keyword id="11895315" type="UNKNOWN" weightage="60" keywordseo="coinbase" source="Orion">Coinbase</keyword> soared as much as 20% on Wednesday after saying it did not have exposure to bankrupt crypto firms.</li><li>In a blog post, the crypto exchange said it had no financial risk from platforms like Celsius, Three Arrows or <keyword id="14253622" type="UNKNOWN" weightage="60" keywordseo="voyager" source="Orion">Voyager</keyword> Digital.</li></ul>Coinbase stock jumped Wednesday after the crypto exchange said it was not <a href="https://blog.coinbase.com/institutional-insights-our-approach-to-crypto-financing-cf550bda891a">exposed to Celsius, Three Arrows, or Voyager Digital</a>, three major crypto players in the midst of <keyword id="11976192" type="UNKNOWN" weightage="60" keywordseo="bankruptcy" source="Orion">bankruptcy</keyword> proceedings.Shares soared as much as 20% to an intraday high of $79.00 before paring gains to 11% in midday trading.In a blog post written by four executives, the company assured its customers of the safety of its platform through its risk mitigation protocols."Solvency concerns surrounding entities like Celsius, <keyword id="14510943" type="UNKNOWN" weightage="60" keywordseo="three-arrows-capital" source="Orion">Three Arrows Capital</keyword> (3AC), Voyager, and other similar counterparts were a reflection of insufficient risk controls, and reports of additional struggling firms are fast becoming stories of bankruptcy, restructuring, and failure," Coinbase said.The problems were more related to their credit arrangements, not cryptocurrencies, it added, noting that many firms were overleveraged with short-term liabilities mismatched against longer-duration assets."We believe these market participants were caught up in the frenzy of a crypto bull market and forgot the basics of risk management," the company said. The three troubled crypto players filed for bankruptcy within weeks of each other amid the crypto market crash earlier this year.Hedge fund Three Arrows defaulted on a <a href="https://markets.businessinsider.com/news/currencies/three-arrows-3ac-founders-not-cooperating-liquidators-crypto-crash-bankruptcy-2022-7">$670 million loan to broker Voyager in June</a>, after loaning out $1.2 billion in total despite holding only $685 million in assets. Voyager later filed for bankruptcy with only <a href="https://markets.businessinsider.com/news/currencies/crypto-voyager-digital-bankruptcy-protection-filing-bitcoin-loan-prices-trading-2022-7">$110 million of assets on hand</a>, as did crypto lender Celsius, which had an even steeper ratio of <a href="https://markets.businessinsider.com/news/currencies/celsius-bankruptcy-court-mining-operations-withdrawal-freeze-customer-holdings-2022-7">$5.5 billion in obligations</a> and only $170 million in assets.But Coinbase said it <a href="https://blog.coinbase.com/institutional-insights-our-approach-to-crypto-financing-cf550bda891a">did not engage in similar practices</a>, noting it didn't lend out deposits unless instructed by customers. It also requires collateral of more than 100% of a loan and claims to hold deposits at a 1:1 ratio.The recent string of crypto collapses has renewed calls for the government to crack down with regulations. US Senator <a href="https://finance.yahoo.com/news/sec-crypto-regulation-expectations-congress-wall-street-110034161.html">Elizabeth Warren told Yahoo Finance</a> that she was "ringing the alarm bell on crypto," urging regulators to enforce stricter rules and protect investors."Ultimately, it may still take time for the broader industry to learn the right lessons from the systemic deficiencies we have seen," Coinbase said.

Coinbase soars 20% as the exchange says it has no exposure to bankrupt firms struggling through crypto winter

<ul class="summary-list"><li>If a "<keyword id="12751906" type="UNKNOWN" weightage="60" keywordseo="crypto-winter" source="Orion">crypto winter</keyword>" is coming, nobody told <keyword id="11897927" type="UNKNOWN" weightage="60" keywordseo="venture-capital" source="Orion">venture capital</keyword> firms, who're pouring money into digital asset startups.</li><li><keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">Crypto</keyword> companies have raised well above $2 billion this year already, with the <keyword id="11930688" type="UNKNOWN" weightage="60" keywordseo="ftx" source="Orion">FTX</keyword> exchange taking in $800 million in investments.</li></ul>If a "crypto winter" is coming, nobody told venture capital firms.Despite a major slump in digital asset prices, early-stage investors have poured well over $2 billion into <keyword id="13110387" type="UNKNOWN" weightage="60" keywordseo="crypto-startups" source="Orion">crypto startups</keyword> so far this year.FTX, the exchange founded by crypto whizz-kid <a href="https://www.businessinsider.com/how-sam-bankman-fried-became-crypto-billionaire-ftx-story-interview-2021-12">Sam Bankman-Fried</a> in 2019, has led the way. The main company <a href="https://markets.businessinsider.com/news/currencies/sam-bankman-fried-ftx-valuation-fundraising-crypto-winter-bitcoin-2022-1">raised $400 million</a> in late January, valuing the business at a staggering $32 billion. That was shortly after its US arm also raised $400 million, for a valuation of $8 billion.Reddit cofounder Alexis Ohanian — and husband of tennis star Serena Williams — has also been busy. He <a href="https://twitter.com/alexisohanian/status/1488496693549142019?s=20&amp;t=gGKGpIfab4TKnhw44hu02Q">raised $500 million</a> for his <keyword id="11905391" type="UNKNOWN" weightage="60" keywordseo="vc" source="Orion">VC</keyword> firm 776 last week, saying he'd "double down" on crypto investments.Crypto infrastructure company Fireblocks raised $550 million to hit an $8 billion valuation, while Blockdaemon raised $155 million. Smaller investments take the total raised in the last month to well over $2 billion.It's a positive sign for the crypto industry, just when it needs a ray of hope.Prices have collapsed over the last few months, as investors have ditched riskier bets in readiness for the Federal Reserve <a href="https://www.businessinsider.com/federal-reserve-hints-raise-interest-rates-inflation-fomc-meeting-january-2022-1">raising interest rates</a> in 2022 to tackle inflation.<a href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> has crashed more than 40% since hitting a record high of close to $69,000 in November, and as of Friday morning, it was trading at around $38,900, up sharply on the day. <a href="https://markets.businessinsider.com/currencies/eth-usd">Ether</a>, the token on the ethereum network, fell by a similar amount to trade at $2,860.Read more: <a href="https://www.businessinsider.com/bitcoin-price-bear-market-bull-run-experts-reveal-things-watch-2022-1?r=US&amp;IR=T">These 4 key crypto indicators could tell us whether the bulls or bears will determine bitcoin and ether's next big moves, experts say</a>The market value of all cryptocurrencies combined has plunged from around $3 trillion in November to around $1.8 trillion as of Friday, according to <a href="https://coinmarketcap.com/charts/">Coinmarketcap</a>. The slump has encouraged <a href="https://markets.businessinsider.com/news/currencies/bitcoin-price-crypto-winter-crash-slump-interest-rates-regulation-ubs-2022-1">chatter about a "crypto winter"</a> — a period in which prices stay depressed for a long time.James Malcolm, FX strategist at investment bank UBS, told Insider that the disconnect shouldn't be too surprising. VCs are largely focused on a few major infrastructure companies that could come to dominate the crypto space, whereas the appeal of individual crypto coins is dimming."The two can diverge substantially," he said. "VC is effectively competing for a limited pool of prime virtual real estate, in the form of promising digital asset infrastructure, whereas most coins or protocols already face rising competition and are having to deal with fresh macro headwinds.""My specific VC concern, however, would be more nitty gritty: that most allocators vastly underappreciate the regulatory risks, specifically to <a href="https://www.businessinsider.com/what-is-defi">DeFi</a> projects," he added, referring to decentralized finance.It's all still early days in the digital asset world, according to Greg King, CEO of crypto investment company Osprey Funds."Investing in crypto is analogous to investing in emerging tech," he told Insider. "We think that it's difficult to predict which products or which applications of crypto will win the day eventually."King believes investment in the crypto space should help cushion the blow during down times. "There will be winters coming, but I also think we have global warming in crypto, and the winters will be less and less severe."

You Searched For "winter capital" and got 6 results

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Nobody told VC firms about the 'crypto winter'. They've poured more than $2 billion into digital asset companies this year already.

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