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Samsung’s Asset Management Arm Launches Bitcoin Futures ETF in Hong Kong
14.1.2023
Samsung’s asset management arm has launched a bitcoin futures exchange-traded fund (ETF). The new actively managed ETF is listed and traded on the Hong Kong stock exchange. It seeks “to provide economic exposure to the value of bitcoin,” Samsung detailed. Samsung’s Bitcoin...
Hong Kong Firm With Ties to Bitmain Reorganizes to Focus on Crypto Asset Management and Hedging
10.1.2023
Newly-named Metalpha has its work cut out for it, hedging an uncertain market for institutional clients
Crypto asset manager Osprey Funds lays off most of its staff: Report
9.1.2023
Institutional demand for Bitcoin and other crypto assets has waned due to the bear market
‘Big Short’ Investor Michael Burry Warns of Another Inflation Spike — Expects US to Be ‘in Recession by Any Definition’
3.1.2023
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says inflation has peaked in the U.S. but there will be another inflation spike. He expects the U.S. economy to be in a recession “by any definition.” Michael Burry’s 2023 Economic Predictions...
JPMorgan: Crypto Is a Nonexistent Asset Class for Most Large Institutional Investors
25.12.2022
A strategist at global investment bank JPMorgan says crypto is effectively nonexistent as an asset class for most large institutional investors. “The volatility is too high, the lack of an intrinsic return that you can point to makes it very challenging,” he added. JPMorgan...
Blackrock Warns of Unprecedented Recession for 2023, Bull Markets Not Returning
13.12.2022
Blackrock, one of the largest asset management companies in the world, has warned that 2023 will be a year of recession different from other recessions in the past. As part of its recently issued 2023 Global Outlook report, Blackrock states that a new economic playbook is required in a world...
‘Big Short’ Investor Michael Burry Warns of Extended Multi-Year Recession in US
2.12.2022
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned about “an extended multi-year recession” in the U.S. He believes there isn’t a strategy to pull us out of “this real recession.” Michael Burry’s Recession Warning Famous...
Digital Asset Management Firms See Lowest Amount of Funds Held Since December 2020 – What’s Going On?
1.12.2022
Asset management firms operating in the crypto space saw their assets under management (AUM) decline by 14.5% on average in November, marking the worst month for the industry since December of 2020.
The figures were revealed in a new report by crypto researcher CryptoCompare, which pointed...
How blockchain technology is used in supply chain management?
26.11.2022
Blockchain benefits the supply chain industry by enhancing the traceability, transparency and tradability of goods and services that move along the value chain
Paradigm co-founder feels 'deep regret' investing in SBF and FTX
16.11.2022
Some challenged whether the multi-billion dollar venture capital firm did enough due diligence on FTX prior to investment
This Crypto Asset Management Firm Says ‘Large Majority’ of Funds are Stuck on FTX – Who Else Was Affected?
15.11.2022
The crypto asset manager Ikigai has admitted that it held “a large majority” of its assets on the now-defunct crypto exchange FTX, saying it “got very little out” before the collapse. But the company is far from only one with exposure to Sam Bankman-Fried’s once-mighty empire....
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Ikigai Exec Says ‘Large Majority’ of Crypto Asset Management Firm’s Funds Stuck on FTX
14.11.2022
After Kevin Zhou, the co-founder of the hedge fund Galois Capital, revealed half of the firm’s assets were held on FTX, another crypto asset management firm called Ikigai detailed that “a large majority of the hedge fund’s total assets” were stored on FTX. Ikigai chief investment officer, Travis...
Ikigai Asset Management Had 'Large Majority' of Assets on FTX, Unclear Whether It Will Be Able to Continue
14.11.2022
Chief Investment Officer Travis Kling tweeted that the hedge fund has only been able to withdraw "very little" of its funds
UK Asset Management Giant Abrdn Leads Archax $28.5M Funding Round
9.11.2022
Abrdn, one of the U.K.'s biggest asset-management firms, has backed a $28.5 million Series A funding round into digital asset exchange Archax. Abrdn became the firm's largest external shareholder earlier this year
Microsoft Backs Wemade’s Blockchain Push in $46 Million Investment Round
5.11.2022
Software giant Microsoft has made a $14.8 million investment in Wemade, a Korea-based blockchain gaming services company that has recently launched its own stablecoin, named Wemix. The company was part of a $46 million investment round, that also saw the participation of two more companies: Shinhan...
Cosmos Asset Management Intends to Delist Crypto ETFs in Australia
2.11.2022
Cosmos Asset Management intends to apply to delist two of its cryptocurrency exchange-traded funds (ETFs) that trade on the Cboe stock exchange in Australia
LD Capital Founder Jack Yi Gave a Keynote Address at BWB 2022 in South Korea: Opening of a New Era of Web3
29.10.2022
PRESS RELEASE. LD Capital was established in 2016. Its main business involves direct investment and trading. It has established LD Capital X Ecological Fund, Web3 Alliance Incubation Accelerator, and Hero Group Secondary Hedging Asset Management. In the future, LD Capital’s investment in...
Asset management firm launches BTC Lightning Network startup accelerator
27.10.2022
The startup accelerator will consist of four yearly 8-week programs, with successful applicants receiving $250,000 and one receiving an additional $500,000 at the end of the program
Devere CEO Expects Further Volatility in Crypto Market Before Year-End — Says Savvy Investors Will Benefit From Panic Sellers
13.10.2022
The CEO of Devere Group, a financial advisory and asset management firm, anticipates further volatility in the crypto market before year-end. However, he stressed that “for serious investors, this will not necessarily be seen as a bad thing,” noting that “Savvy, long-term crypto...
Report: Hong Kong-Based Asset Management Firm Acquires Controlling Stake in Asian Crypto Exchange Huobi
10.10.2022
Li Lin’s controlling stake in Huobi, one of Asia’s largest cryptocurrency exchanges, was recently acquired by About Capital Management for an undisclosed sum. Huobi’s acquisition by the Hong Kong-based asset management firm came shortly after the crypto exchange had exited...