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SEC Files Emergency Action Against BKCoin for Running $100M ‘Ponzi-Like’ Scheme
6.3.2023
The U.S. Securities and Exchange Commission (SEC) was granted emergency relief by a Florida court on Monday to freeze and appoint a receiver for the assets of Miami-based crypto hedge fund BKCoin and one of its co-founders, Kevin Kang
Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report
5.3.2023
Central banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in January. Turkey was the largest gold buyer, adding 23 tons to its central bank’s stash...
Investor Letter Shocker: Multicoin Capital's Hedge Fund Reports 91.4% Loss in 2022 – Here's What Happened
5.3.2023
Digital asset investment firm Multicoin Capital lost as much as 91.4% in 2022 as investors rushed for the exits following the catastrophic collapse of FTX.
According to a copy of the firm’s annual investor letter, the hedge fund was hit hardest after the collapse of FTX despite managing to weather...
Multicoin Capital’s Hedge Fund Lost 91.4% Last Year, Investor Letter Reveals
4.3.2023
The fund’s performance was severely impacted by direct exposure to now-bankrupt crypto exchange FTX and holdings in FTT and Solana-based tokens
Russia Unveils Mutual Fund for Financing Crypto Mining Operations
3.3.2023
A Russian company has unveiled a new fund intended to finance crypto mining operations in the country.
The new mutual investment fund will be available to qualified investors who can invest a minimum of 300,000 rubles (approx. $4,000), and the money will be used to acquire crypto mining equipment...
Coinbase cutting ties with Silvergate forces crypto hedge fund to find a new bank
3.3.2023
A total of five crypto companies end their partnership with Silvergate bank on March 2 after a series of lawsuits and investigations against the fintech bank
Investment Fund Focused on Crypto Mining to Be Created in Russia
3.3.2023
The establishment of Russia’s first mutual investment fund dedicated to financing cryptocurrency mining operations is underway. According to a report by the Russian press, it will be available to qualified investors and will finance the acquisition of coin minting equipment. Russian Crypto Mining...
Fan Token Platform Chiliz Launches $50M Incubator to Fund Early-Stage Web3 Projects – Is the Bear Market Over?
2.3.2023
Blockchain-based fan token platform Chiliz has launched a $50 million incubator and accelerator program to fund early-stage projects in the sports and entertainment industries that use the Chiliz blockchain.
The incubator program, called Chiliz Labs, will fund early-stage blockchain projects that...
Hosts of Bankless Podcast Raising $35M Crypto Venture Fund: Sources
2.3.2023
The popular crypto podcast is branching out beyond its media roots to invest in emerging Web3 startups
Provenance Blockchain Foundation announces $50M in grants for blockchain development
1.3.2023
The grant program will award $50 million in HASH, the native token on Provenance Blockchain, to developers
Crypto Fund Manager Numerai's Token Rises Nearly 9% Amid Reports of Impressive Returns
1.3.2023
The Numeraire token (NMR) has surged by 8.8% to $21.64 over the past 24-hours after it was revealed that the hedge fund behind the token returned 20% to investors last year
Crypto Lender Voyager Received Single-Page Value Statement From Hedge Fund Three Arrows Capital
1.3.2023
Court documents show the level of due diligence carried out by Voyager Digital with regard to its investment in 3AC
Crypto Hedge Fund Arca VP of Portfolio Management Leaves
27.2.2023
Hassan Bassiri’s exit comes months after the firm shuttered its Digital Yield Fund, citing market volatility
Blockchain Founders Fund raises $75M to encourage Web3 mass adoption
27.2.2023
The fundraising round included Polygon, Ripple, Octava, NEO Global Capital, Appworks, Sebastien Borget of The Sandbox, GSR, LD Capital, Metavest Capital and others
BIT Token Surges to Weekly High Following $200M BitDAO Ecosystem Fund Proposal
27.2.2023
BIT jumped 5% over the weekend, outperforming both ETH and BTC, following the proposal from layer 2 network, Mantle
Ukraine netted $70M in crypto donations since start of Russia conflict
27.2.2023
Ether leads the way in donations with $28.9 million received so far, while BTC and USDT donors have chipped in $22.8 million and $11.59 million respectively
BitDAO's Mantle Core proposes $200M for Web3 fund
26.2.2023
Mantle Core is an Ethereum layer-2 network developed by the BitDAO ecosystem. The fund aims to boost the adoption among developers and Dapps
South Africa Added to FATF ‘Grey List’ Despite Designation of Crypto as a Financial Product
26.2.2023
In a move seen as a major setback for South Africa, the international financial watchdog, the Financial Action Task Force, announced on Feb. 24 that it had added the country to its “grey list.” Getting grey-listed by the financial watchdog potentially makes it difficult for South Africa...
India Asks IMF and FSB for Joint Paper to Help Formulate ‘Comprehensive’ Crypto Policy
26.2.2023
India has asked the International Monetary Fund (IMF) and Financial Stability Board (FSB) to develop “a synthesis paper” on crypto assets as part of the G20 meeting of finance ministers and central bank governors under India’s presidency. “This would help in the formulation...
IMF Calls for ‘More’ Crypto Regulation — Says Banning Should Be an Option
26.2.2023
International Monetary Fund (IMF) Managing Director Kristalina Georgieva says crypto needs “more regulation.” She added, “We should not take off the table banning those assets,” if regulation fails or is too slow to implement. IMF’s Chief Calls for More Crypto...