Search
Hashkey Capital Raises $500 Million for Its Third Fund, Despite Crypto Market Downturn
18.1.2023
On Tuesday, global asset manager Hashkey, which focuses on crypto and blockchain investments, announced that it has closed its third fund at $500 million. The company’s “HashKey Fintech Investment III” is dedicated to developing crypto solutions, blockchain technology, and Web3...
Report: Nigeria Debt Management Office’s $48.8 Billion Debt Contravenes the Law Says Expert
15.1.2023
The Nigerian Debt Management Office (DMO) contravened the law when its borrowings exceeded the set limit which is equivalent to $2.2 billion, Adetilewa Adebajo, an international financial markets expert has reportedly said. Adebajo also suggested that the Central Bank of Nigeria governor Godwin...
Former President of FTX US Shares His Experience and Relationship With CEO Sam Bankman-Fried in Detailed Twitter Thread
15.1.2023
The former president of FTX US, Brett Harrison, published a 49-part Twitter thread explaining why he left the firm and his relationship with co-founder Sam Bankman-Fried (SBF) of FTX. Before his role at FTX US, Harrison worked with SBF at Jane Street and prior to joining FTX, he worked for Citadel...
Former FTX US President Brett Harrison Details fallout with SBF in ‘Disputes Over Management Practices’
15.1.2023
Brett Harrison, former president of FTX US, has revealed that he left the crypto exchange due to a deteriorating relationship with Sam Bankman-Fried and his deputies over management practices.
In a long Twitter thread on Saturday, Harrison shared some details regarding his time in FTX US, the...
Former FTX US President lashes out at 'insecure' SBF in 49-part Twitter thread rant
15.1.2023
Harrison said Bankman-Fried threatened to fire him on the spot and would destroy his professional reputation if he continued to confront the former FTX CEO
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...
Nexo Bitcoin Withdrawals Surge Following Raid of Bulgarian Offices
13.1.2023
After the offices of crypto lender Nexo were raided in Bulgaria, the digital currency lending platform experienced a significant amount of withdrawals starting Jan. 12, 2023. An archived snapshot of Nexo’s real-time attestation shows that the company held 133,263 bitcoin on that day. As...
Digital Yuan Pilot Expands into Wealth Management, Securities & Education
11.1.2023
The central People’s Bank of China (PBoC)’s digital yuan is set to expand into the world of wealth management – and has also broken new ground in the field of education.
According to Shanghai Securities News, the Hong Kong Stock Exchange-listed brokerage and investment bank China Galaxy Securities...
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
Huobi Korea Plans to Cut Ties With Parent Company, Strengthen Domestic Presence
10.1.2023
According to a report from South Korea, the Korean subsidiary of Huobi Global is planning to cut ties with the parent company. The management of the trading platform stated that they plan to “strengthen its position” as a domestic cryptocurrency exchange and change its name. Huobi...
BlockFi Management Hasn't Withdrawn any Crypto Since October, Lawyers Tell Court
9.1.2023
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
Wyre Announces Modification of Withdrawal Policy, Pushing Topps to Temporarily Suspend NFT Marketplace Transactions
7.1.2023
Following reports that the crypto payments firm Wyre was shutting down operations, CEO Ioannis Giannaros offered a contradicting story, stating that the firm was merely “scaling back.” Wyre has now announced that it is “modifying” its withdrawal policy, citing the crypto...
Crypto Conglomerate DCG Closes Wealth-Management Business: The Information
6.1.2023
Bahamas securities commission backfires at FTX’s management
3.1.2023
The Bahamas regulators recently had a feud against the new FTX management team. SCB (The Securities Commission of The Bahamas) shared an official statement on January 2. According to the statement, the SCB is trying to rectify the material misstatements by John Ray III. Recently appointed as...
‘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...
Report Shows Financial Troubles Plagued Bankman-Fried’s Alameda Research as Early as 2018
2.1.2023
Before FTX collapsed it was assumed that Alameda Research was one of the top quantitative trading firms and market makers within the industry. However, much of that perception may have been a facade as a recent report details that Alameda suffered from financial troubles as early as 2018. People...
Valkyrie Reveals Intention to Sponsor Grayscale’s Bitcoin Trust as GBTC Discount to NAV Widens
1.1.2023
Valkyrie Investments, a Tennessee-based asset manager, has announced its intention to become the new sponsor of Grayscale’s Bitcoin Trust (GBTC). The company states that it is “uniquely qualified” for the role and plans to facilitate redemptions at net asset value (NAV) through...
SEC Charges Gig Economy Platform for $2.6 Million Unregistered Coin Offering
26.12.2022
The U.S. Securities and Exchange Commission (SEC) has charged Thor Technologies and its co-founders with conducting an unregistered securities offering. In 2018, the company minted and sold tokens to raise funds for its ‘gig economy platform,’ the development of which had not even started at...
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...