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US Court Sentences Cryptocurrency Hedge Fund Founder to 7.5 Years in Prison
19.9.2021
The founder of two cryptocurrency hedge funds in New York, Stefan Qin, has been sentenced to 7.5 years in prison and three years of supervised release. He is also ordered to forfeit about $55 million. The Department of Justice (DOJ) said that he “engaged in a scheme to steal assets”...
Study Shows Cross-Chain Bridge Technology Growth, Bridges to Ethereum Exceed $7 Billion
16.9.2021
On September 8, 2021, Dmitriy Berenzon, research partner at 1kxnetwork, an early-stage crypto fund that helps founders bootstrap token networks, published a comprehensive research post concerning blockchain bridges. Berenzon’s study highlights the current “multi-chain market...
USD 230M Avalanche, Binance Centralization, Influential Vitalik + More News
16.9.2021
e/">AVAX tokens, according to Bloomberg. Other participants in the token sale included R/Crypto Fund, Dragonfly, CMS Holdings, Collab+Curre
SkyBridge raises $100M for Algorand fund and files for crypto company ETF
16.9.2021
Anthony Scaramucci revealed that SkyBridge currently holds $700 million worth of cryptocurrency
Aussie crypto fund manager sentenced to 7 years for stealing $54M from investors
16.9.2021
A fund manager has been sentenced to more than seven years in prison for operating a Ponzi scheme that cheated investors out of $54 million
Bridgewater’s Ray Dalio Warns Regulators Will Kill Bitcoin If the Crypto Becomes ‘Really Successful’
16.9.2021
Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, believes that if bitcoin is “really successful,” the regulators will “kill it,” reiterating his previous concerns of governments banning cryptocurrencies. Nonetheless, he sees...
Huobi Ventures launches $10M fund for early-stage GameFi investment
14.9.2021
Developers continue to find new ways to combine digital assets and gaming, and investors are taking notice
Hedge Fund Brevan Howard Expands Crypto Business — Expert Hired to Lead New Digital Asset Unit
14.9.2021
Brevan Howard, a European hedge fund management company, has said it will be expanding its crypto business. BH Digital, which is the hedge fund’s recently created unit, is expected to “manage its cryptocurrency and digital assets.” Growing Interest in Crypto From Hedge Funds...
Institutional traders flock to Solana as demand for ETH and BTC flattens
14.9.2021
Institutions were betting big on Solana investment products last week, with SOL-tracking products attracting 86.6% of institutional inflows to digital asset products last week
Revuto Unveils R Fund: A Pioneering Initiative for Cardano Projects
13.9.2021
While Blockchain algorithm pervades the crypto world, there is an ever-increasing need for support to new ventures laying the firm foundation of their digital assets in the entire DeFi ecosystem. Revuto, one such blockchain venture, has launched its own niche R-Fund to support such upcoming...
Major UK hedge fund Brevan Howard launches crypto division
13.9.2021
Brevan Howard also hired former CMT Digital CEO Colleen Sullivan to lead private and venture investments in crypto
Bitcoin Could ‘Go up Significantly,’ Says CIO of World’s Largest Asset Manager Blackrock
12.9.2021
The chief investment officer of the world’s largest asset manager, Blackrock, says he could see bitcoin going up significantly. “I like assets that are volatile that have upside convexity,” he said. Blackrock CIO Sees Significant Upside to Bitcoin Rick Rieder...
Grayscale’s BCH, LTC, ETC Trusts Now One Step Closer to Becoming ETFs
11.9.2021
On Friday, Grayscale Investments, the world’s largest digital currency asset manager in terms of assets under management (AUM), revealed that three trusts have been filed with the Securities and Exchange Commission (SEC) in order to become SEC reporting companies. The three trusts include...
New fund aims to put hundreds of millions toward Algorand DeFi growth
10.9.2021
Different decentralized finance solutions building on the Algorand blockchain could receive a chunk of a new $300 million fund
Bill Miller’s Hedge Fund Sees Bitcoin Having ‘Significant Upside Potential’ as Digital Gold
9.9.2021
In a report filed with the U.S. Securities and Exchange Commission (SEC), the fund managers for the Miller Opportunity Trust, Bill Miller’s hedge fund, state that “bitcoin has significant upside potential as a form of digital gold.” The report details that despite...
New USD 750M Crypto Investor, Blockchain Racing + More News
8.9.2021
howard-backed-10t-raises-750-million-for-debut-crypto-fund?srnd=cryptocurrencies">reported. The firm has already deployed about 80% in mid-to-late stage companies in the ecosystem for digital assets, it added.Blockchain project SubQuery has
Korean crypto ‘Jedi Master’ plans to launch second VC blockchain fund
8.9.2021
Blockchain VC investment firm Hashed is seeking $173 million for a second fund
Institutional exposure to altcoin products retests all-time high
7.9.2021
Inflows to Solana-based investment products saw a whopping 388% increase last week, with institutional investors gaining exposure to $13.2 million worth of SOL products
Japan’s Financial Giant SBI to Launch Cryptocurrency Fund
4.9.2021
Japanese financial conglomerate SBI Holdings is reportedly launching a crypto fund that will invest in several cryptocurrencies. “I want people to hold it together with other assets and experience firsthand how useful it can be for diversifying portfolios,” said an executive of...
SBI reportedly looks to launch crypto fund in Japan by December
2.9.2021
An SBI exec said that the company would consider launching a second crypto fund depending on the success of the first