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Digital Asset Funds Record $346 Million Inflows as Assets Under Management Surge Past $45.3 Billion
27.11.2023
Source: Adobe / Luisa Cryptocurrency products recorded a massive $346 million in weekly inflows, marking the highest figure in the past nine weeks of consecutive gains. A CoinShares Digital Asset Fund Flows Weekly Report shows a growing bullish sentiment in the market after positive signs from...
Crypto Funds Attract Largest Weekly Inflow in 2023 as Bitcoin 'Short-Sellers Capitulate': CoinShares
27.11.2023
Crypto investment funds last week attracted their largest inflow this year, extending their strongest run since the 2021 bull market as anticipation for a spot bitcoin [BTC] exchange-traded fund (ETF) continued to entice investors
KyberSwap recovers $4.67M of stolen funds from frontrun bots
27.11.2023
Kyber Network has announced that it has reached a deal with the owners of frontrun bots. The KyberSwap team has finalized a bounty of 10% for them in exchange for 90% of the stolen funds. The hackers were able to extract approximately $5.7 million from the pools of Avalanche and Polygon. Now, funds...
Former NYSE President: Money Will Flood Into Crypto Industry With Spot Bitcoin ETFs
27.11.2023
Former NYSE President Tom Farley expects money to “flood” into the crypto industry when the U.S. Securities and Exchange Commission (SEC) approves spot bitcoin exchange-traded funds (ETFs). “It’s just easier to buy. People believe in bitcoin,” he emphasized...
Nigeria Law Enforcement Nab Politician Who Laundered Funds Stolen From Crypto Exchange
26.11.2023
Nigerian law enforcement recently arrested a politician who is accused of laundering digital funds that were stolen from Patricia Technologies in May. CEO Hanu Fejiro praised the politician’s arrest and said the recovered funds will “go a long way to soothe Patricia users.”...
JPMorgan: Spot Bitcoin ETFs Could Put ‘Severe Downward Pressure on Bitcoin Prices’
26.11.2023
Global investment bank JPMorgan has cautioned that the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) could “put severe downward pressure on bitcoin prices.” The bank’s analysts estimate that billions of dollars could...
Filmmaker Makes Millions After Risky Dogecoin Bet Pays Off — Faces Netflix Lawsuit
25.11.2023
A U.S. filmmaker reportedly made a profit of more than $20 million from a bet on the cryptocurrency dogecoin. Netflix accuses the filmmaker of using funds meant for the production of a TV series to place risky bets on a biotech company, the S&P 500, and dogecoin. Rinsch Lost $5.9 Million in...
Kyber Network Confirms Security Incident in Which $47 Million Was Stolen
25.11.2023
Kyber Network said on Nov. 22 that Kyberswap Elastic “experienced a security incident” in which crypto assets worth more than $45 million were stolen. Kyber Network said it was investigating the incident and urged all “users to promptly withdraw their funds.” Kyber Forks...
UK regulator advocates for asset managers to tokenize funds
25.11.2023
The United Kingdom's financial regulator has endorsed a blueprint model designed to facilitate the tokenization of funds for asset management firms
Tokenization of Investment Funds Now Permitted in the UK – Adoption on the Rise?
24.11.2023
Source: Pexels UK investment funds have received the green light for tokenization, marking a strategic move to harness blockchain technology within the asset management sector. This approval was disclosed in a press release by The Investment Association, a renowned trade body in the industry,...
Wallet of Satoshi Exits US Market Amidst Record-Breaking Month, Leaving Customers to Seek Alternatives
24.11.2023
On Friday, Wallet of Satoshi, a provider of Lightning Network payment services, announced its departure from the U.S. market, though it refrained from providing specific reasons. The firm informed its U.S. clientele that they could “withdraw and transfer” their funds to a different...
RoyalCDKeys: How to Buy Crypto Anonymously
24.11.2023
What’s the main reason behind cryptocurrencies’ success? One word – decentralization. Bitcoin offers what global banks can’t. Every major bank you know or are a client of is centralized and, thus, controlled by a central authority. This means you can freely own...
Hollywood Meets Crypto: Director Uses Netflix Funds for Risky Dogecoin Bet
24.11.2023
Source: Boxoffice Movie Scenes / YouTube Carl Erik Rinsch, the director of “47 Ronin,” allegedly took nearly $60 million that Netflix gave him for a sci-fi series to invest in the crypto and stock markets. According to The New York Times, Netflix gave the director more than $55 million...
Singapore’s Blockchain-Powered ADDX Exchange Lists AI-Enabled Equities Funds
24.11.2023
Source: Pexels Singapore’s blockchain-powered private markets exchange, ADDX, has listed a deep-value equity fund managed by Aggregate Asset Management (AAM) to its platform. This fund, which uses machine learning to optimize investment strategy and returns, aims for a compound annual growth...
Wall Street Memes Launch Discord Hack Relief Fund to Compensate Victims of October Cyber Attack
23.11.2023
Friday, November 10, 2023 – Today the team at Wall Street Memes airdropped funds from its Discord Hack Relief Fund to compensate community members who fell victim to fraudsters who briefly took over the WSM Discord server. All compensation claims submitted by November 17 will have the funds...
KyberSwap attacker used ‘infinite money glitch’ to drain funds: DeFi expert
23.11.2023
By exploiting a bug, the attacker caused liquidity to be "double counted," allowing them to get an unfair price for a swap
Nansen Report: Binance’s Total Asset Holdings Remain Stable After DOJ Settlement
23.11.2023
Source: Iryna Budanova/Adobe Binance’s total asset holdings have remained largely unchanged following the recent settlement of civil and criminal charges between the crypto exchange and CEO Changpeng “CZ” Zhao and US authorities. According to a report by blockchain analytics firm...
KyberSwap Hacked for $48 Million, Hackers Suggest Negotiations
23.11.2023
Source: KyberSwap KyberSwap, a decentralized exchange, has been compromised in a hack resulting in the theft of $48 million, prompting the platform to advise users to withdraw their funds while the attackers hint at entering negotiations. On-chain data indicates that the hack on KyberSwap resulted...
Binance Wallets Move Approximately $4 Billion in Stablecoin Ahead of DOJ Settlement
23.11.2023
Source: Unsplash Binance wallets have moved $3.9 billion worth of Tether (USDT) in a recent transaction amid the exchange’s pending $4.3 billion penalty that it agreed to pay to the Department of Justice. On-chain data shows that the majority of the funds were transferred from one Binance...
Binance Sees $1.7 Billion in Withdrawals Post DOJ Settlement, Nansen Reports Decline in Crypto Reserves
22.11.2023
Following the settlement with the U.S. Department of Justice (DOJ), Binance, the world’s leading crypto exchange by trading volume, has experienced a significant withdrawal of approximately $1.7 billion in digital assets, as reported by Nansen, a blockchain analysis company. This substantial...