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Hong Kong’s Approach to Crypto Regulation Could Attract Capital, Talent to Asia: Bernstein
21.2.2023
The Securities and Futures Commission is adopting a “regulate to protect” approach to digital assets, the report said
Galois Capital shuts shop due to the FTX collapse
21.2.2023
Galois Capital, which happens to be a crypto hedge fund, has been compelled to finally shut shop, following the incurring of a substantial amount of loss due to the FTX collapse. The money that happens to be left over with the company, as per plans, is going to be duly distributed amongst...
Crypto Hedge Fund Galois Capital Shuts Down — ‘We Lost Almost Half Our Assets to FTX Disaster’
21.2.2023
Crypto hedge fund Galois Capital is shutting down after losing about half of its assets to the FTX disaster. “Given the severity of the FTX situation, we do not think it is tenable to continue operating the fund both financially and culturally,” the fund’s co-founder told...
Hedge fund closes operations after losing funds in FTX exchange: Report
20.2.2023
Galois Capital will return 90 percent of the funds that are available to investors and will hold on to the remaining 10 percent temporarily
Crypto Hedge Fund Galois Shuts Down After Losing $40 Million to FTX: FT
20.2.2023
Galois co-founder said the fund has halted all trading as it is no longer viable post-FTX
SEC Clampdown Has Crypto Space Abuzz, Pantera Capital Says We’re in Bull Market, and Much More — Week in Review
19.2.2023
There’s been no shortage of news in past weeks when it comes to the United States Securities and Exchange Commission (SEC) taking action against crypto exchanges and companies. From Kraken, to Paxos, to Terraform Labs, it seems enforcement is in the air when it comes to chair Gary...
African Fintech Startups Raised $1.45 Billion in 2022 — Sector’s Share of the Continent’s Total Funding Drops
19.2.2023
Despite seeing their share of Africa’s startup funding drop from 48.3% seen in 2021 to 43.4% in 2022, fintech still managed to raise 39.3% more capital in 2022 ($1.45 billion) than they did in 2021 ($1.04 billion). Nigeria was again the best-funded country after 180 of its startups raised...
BlockTower Capital Loses $1.5M in DeFi Market Aggregator Dexible Exploit: Blockchain Data
17.2.2023
The crypto asset investment firm BlockTower Capital may have lost $1.5 million in TRU tokens, according to two blockchain intelligence firms
GloryFinance and Korean Technology Venture Capital Sign a $3.5m Seed Round Investment Agreement
17.2.2023
PRESS RELEASE. Early Jan 2023, in GloryFinance’s Development office, the Project’s Core team and representatives from one of the top Korean Technology Venture Capital has signed in a seed round funding investment agreement with a value confirmed to be USD 3.5M. The funding will be under the form...
Web3 Messaging Platform Salsa Raises $2M in Pre-Seed Round
16.2.2023
The mobile app is now available in beta and has a partnership with a Proof of Attendance Protocol (POAP)
Prevu3D raises $10 million in a funding round led by Cycle Capital
16.2.2023
Prevu3D happened to have been successful in securing a loan amount of $10 million through a Series A round. This was duly led by Cycle Capital. It also brought in some of the previous investors of the entity, such as Brightspark Ventures and Desjardins Capital. Incidentally, where Cycle Capital...
Cardano Price Forecast as Founder of Crypto Capital Venture Says ADA is Likely Not a Security – ADA to the Moon?
16.2.2023
ADA, the ticker for cryptocurrency Cardano, the token that powers the smart-contract-enabled Cardano blockchain, is seeing a modest pull-back on Thursday in the wake of a ferocious two-day rally. Since Monday’s lows under $0.35, Cardano has seen a stunning nearly 18% rally, with ADA/USD last...
Web3 Communication Stack Sending Labs Raises $12.5M
16.2.2023
The startup creates technology to make decentralized communication easier for developers and users
Oman Capital Markets Regulator Plans to Establish a Virtual Assets Regulatory Framework
16.2.2023
The Oman Capital Market Authority (CMA) has said it plans to establish a regulatory regime to govern as well as develop the country’s virtual assets market. The regulator said the envisaged regulatory regime enables it to avail an “alternative financing and investment platform...
Angel investors vs. venture capitalists
15.2.2023
Angel investors are seed-stage financiers who offer mentorship to nascent businesses for equity, while venture capitalists inject substantial capital into later-stage firms
NFEX Raises $3M Seed Round to Build NFT Derivatives DEX
15.2.2023
PRESS RELEASE. NFEX has completed a $3 Million seed round led by ABCDE Capital and included investment from other well-known institutions including Amber Group and Firestone Ventures. NFEX strives to build the best derivative NFT market, creating new opportunities to attract greater liquidity...
Sequoia Capital, Paradigm among VCs facing "tricky" FTX investor lawsuit
15.2.2023
It’s a “tricky case,” as it is unknown what obligation these firms actually had to “completely separate investors,” suggests a crypto lawyer
South Korea’s Crypto Firms Will Have to Self-Regulate Under New Guidance
15.2.2023
Crypto firms will conduct their own self-assessments before regulators step in, a lawyer in South Korea told CoinDesk
Former SEC Chief Counsel Says Agency Needs to Make Clear Its Crypto Compliance Rules
14.2.2023
TuongVy Le, a partner and head of regulatory & policy at investment firm Bain Capital, says the agency is refraining from passing a rules-based framework and has to make it clear what digital assets it would deem compliant under its jurisdiction
Bain Capital Crypto Backs $4.5M Round for Blockchain Interoperability Startup Orb Labs
14.2.2023
Orb Labs emerges from stealth preparing to launch its first products