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Grayscale CEO Michael Sonnenshein Steps Down, Goldman Sachs Exec to Lead Firm
20.5.2024
Grayscale CEO Michael Sonnenshein is stepping down from having joined the team in 2014 and serving as CEO since 2021, Sonnenshein will be replaced by former Goldman Sachs executive Peter Mintzberg.
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Research Firm Favors Bitcoin 'Covered Strangle' Strategy to Enhance Portfolio Yield by 17%
20.5.2024
Our favorite strategy is to buy Bitcoin Spot, Sell 100,000 strike call, and Sell 50,000 strike put for the December 2024 expiry, 10x research said in a note
UK Shuts Down Crypto Advisory Firm for Misleading Investors and Poor Financial Records
19.5.2024
The UK government announced this week that the Insolvency Service has secured a winding-up order against cryptocurrency advisory firm Amey Finance Academy Ltd at the High Court. The company, created by Desmond Amey in 2018, claimed to offer investment advice and financial education. However...
Nigerian Fintech Firm Flutterwave Confirms Hacking Attempt, Says Users’ Funds Safe
18.5.2024
The Nigerian fintech firm Flutterwave claimed on May 16 that it had foiled an attempt to breach its payments platform. Flutterwave asserted that the “unauthorized activities inconsistent with usual customer behavior” did not compromise users’ funds or data confidentiality. According...
Nigerian Fintech Firm Flutterwave Confirms Hacking Attempt, Says Users’ Funds Safe
18.5.2024
The Nigerian fintech firm Flutterwave claimed on May 16 that it had foiled an attempt to breach its payments platform. Flutterwave asserted that the “unauthorized activities inconsistent with usual customer behavior” did not compromise users’ funds or data confidentiality. According...
Reddit Stock Price Jumps After OpenAI Data-Sharing Deal
17.5.2024
Social media firm Reddit's stock rose 13.5% after a data-sharing deal with OpenAI, the creator of the artificial intelligence (AI) chatbot ChatGPT.
The post Reddit Stock Price Jumps After OpenAI Data-Sharing Deal appeared first on Cryptonews
Bybit’s Notcoin listing debacle, China firm’s profits up 1100% after crypto buy: Asia Express
17.5.2024
Bybit to compensate users after Notcoin listing debacle, China gaming firm’s profits up 1100% after $200M crypto buy, and more: Asia Express
Biden Order to Halt China-Tied Bitcoin Mine Beside Nuke Base Came as U.S. Firm Just Bought it
16.5.2024
President Biden's emergency order to halt the Chinese-tied mining on the doorstep of a nuclear-missile base hit days after mining giant CleanSpark struck a deal to buy the property
Bitcoin to Return to $74K Highs, Bullish Momentum to Sustain: QCP Capital
16.5.2024
Leading trading firm QCP Capital has expressed optimism about Bitcoin's price momentum, forecasting a potential return to the highs of $74,000.
The post Bitcoin to Return to $74K Highs, Bullish Momentum to Sustain: QCP Capital appeared first on Cryptonews
Crypto and DeFi Wallet Firm Fordefi Gets Cover from Insurance Giant Munich Re
16.5.2024
Leading Crypto-Policy Academic in Washington to Open Disclosure Firm Bluprynt
16.5.2024
Georgetown Law professor Christopher Brummer leads an annual event on emerging financial technology in Washington that became a top forum for crypto issues in recent years. Now he's joining the sector, founding Bluprynt to help the industry with its regulatory disclosures as rules begin to emerge...
Bakkt Predicts a Surge in Institutional Investor Participation in the Crypto Trading Market
16.5.2024
Crypto custody firm Bakkt expects a significant increase in the involvement of institutional investors in the cryptocurrency trading market.
The post Bakkt Predicts a Surge in Institutional Investor Participation in the Crypto Trading Market appeared first on Cryptonews
Vanguard CEO Salim Ramji Sticks to Firm’s Anti-Crypto Stance, No Plans for Bitcoin ETF
16.5.2024
Salim Ramji, the new CEO of Vanguard and former head of Blackrock’s global ETF business, has affirmed the company’s position against launching a spot bitcoin exchange-traded fund (ETF), emphasizing the need for consistency with Vanguard’s investment philosophy that views crypto as...
Fraudsters Partially Drain Assets from Crypto Investment Firm BlockTower’s Main Hedge Fund
15.5.2024
Digital asset investment firm BlockTower Capital faces a major setback after fraudsters compromised its main hedge fund. Bloomberg reported that the stolen funds remain unrecovered, and the hackers haven't been caught yet.
The post Fraudsters Partially Drain Assets from Crypto Investment Firm...
OpenAI co-founder and chief scientist departs AI firm
15.5.2024
Illya Sutskever said he’s leaving OpenAI for a “personally meaningful” project, and research director Jakub Pachocki is now taking over the role
Billionaire Peter Thiel’s Venture Capital Firm Leads Polymarket’s $45 Million Series B Funding Round
15.5.2024
Billionaire Peter Thiel’s Founders Fund recently led the Series B funding round for the crypto-based prediction markets platform, Polymarket, which raised $45 million. The latest round valued Polymarket lower than the $1 billion it had anticipated before the Commodity Futures Trading Commission...
From Historic Banking Family to BTC — Rothschild-Linked Firm Invests in Bitcoin ETFs GBTC and IBIT
15.5.2024
According to a recent earnings filing, Edmond de Rothschild Holding S.A., a private banking and asset management entity linked with the distinguished Rothschild banking family from France, holds shares in Grayscale’s GBTC and Blackrock’s IBIT. Edmond de Rothschild Holding’s...
UK closes ‘trust me bro’ crypto firm that gave horrible advice to clients
15.5.2024
It comes just two weeks after the Insolvency Service secured a winding-up order against Amey’s firm in the United Kingdom High Court on April 30
Security Firm CertiK Detects $5M Security Flaw in Cross-Chain Bridge Wormhole
14.5.2024
Security firm CertiK said it has detected a flaw in the cross-chain bridge Wormhole which could have resulted in $5 million worth of losses.
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UK Crypto Advisory Firm Shuts Down Over Investor Losses, Accounting Neglect
14.5.2024
The UK government’s Insolvency Service has shut down a London-based crypto advisory firm that claimed to offer investment advice in cryptocurrencies.
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