Search
Finance Redefined: Two DeFi hacks top $120M, and $500M Algo Fund launches, Nov. 26–Dec. 3
3.12.2021
MonoX and BadgerDAO suffer callous security attacks, Borderless Capital opens a $500-million fund to advance Algorand’s ecosystem, and Iota is to launch Assembly in early 2022 — all coming to you in this week’s Finance Redefined
Korean Incubator Hashed Raises $200 Million for Web 3.0 Investments
3.12.2021
Hashed, a Korean blockchain VC firm, has announced the launch of Hashed Venture Fund II, a new fund that will focus on investing in Web 3.0-based startups. The fund raised $200 million for these investments, and while the company did not disclose those who participated, it did announce it will...
Crypto Biz: Wall Street veteran launches $1.5B crypto fund, MELD ISPO shines spotlight on Cardano, Dec. 2
2.12.2021
The Crypto Biz newsletter is delivered weekly to your inbox. Join the mailing list to stay up to date on the week's biggest business stories
Fidelity Canada officially launches Bitcoin ETF and Bitcoin Mutual Fund
2.12.2021
Holding such ETFs in registered accounts can either entirely offset or reduce capital gains tax liabilities for Canadian customers
Founder of Coin Signals Funds Pleads Guilty in Crypto Scam — Faces up to 10 Years in Prison
2.12.2021
The founder and manager of several cryptocurrency funds has pleaded guilty to luring investors to his crypto investment scam. His funds consistently lost money and his scam left investors with a $5 million loss, according to the U.S. Department of Justice (DOJ). Investors Scammed Into Investing...
Dex Aggregator 1inch Network Raises $175 Million in Series B Funding Round
1.12.2021
1inch Network, the decentralized exchange (dex) aggregation project, has announced the company has raised $175 million in a Series B financing round. According to the announcement, the fresh new capital will be leveraged to scale the team, foster additional 1inch token utilities, and build...
Wintermute Announces $20 Million Fund to Support Polygon Dapps
1.12.2021
The Background With a belief to decentralize the financial sector, Wintermute has been in presence since 2017. It sees the future of finance to be governed by technology instead of traditional players. Wintermute operates across the globe. Wintermute is an algorithmic trading firm. The regular...
Borderless Capital launches half billion dollar fund for Algorand projects
1.12.2021
Borderless Capital is looking to use its $500 million fund to back projects powering the “next generation” of decentralized projects on the Algorand blockchain
Galaxy Digital Plans to Raise $500 Million in Debt Market to ‘Accelerate Growth Initiatives’
30.11.2021
Galaxy Digital Holdings Ltd. has revealed the firm is looking to raise $500 million in an exchangeable senior note offering. The investment company, founded by billionaire investor Mike Novogratz in January 2018, aims to use the funds to “accelerate growth initiatives across its business...
Invesco’s First Physical Bitcoin Fund Goes Live in Europe
30.11.2021
Invesco recently announced its first BTC exchange-traded product. The asset manager talked to ETF Stream about its latest sport, BTC exchange-traded product in Europe. The tool is physically supported by actual BTC and delivers the BTC minus fees’ performance by monitoring the CoinShares BTC Hourly...
Galaxy Digital raises $500 million in convertible debt to fund business expansion
29.11.2021
The move comes after the company increased its net profits by over ten-fold in the last quarter
Former Citi banker launches $1.5B crypto fund, taps Algorand as first partner
29.11.2021
The crypto economy continues to lure top talent from Wall Street. Matt Zhang becomes the latest industry veteran to jump ship
Bank of England Governor Worried About Bitcoin Being Legal Tender in El Salvador
29.11.2021
The governor of the Bank of England, the country’s central bank, has voiced concerns about El Salvador choosing bitcoin as a national currency. Citing a recent warning by the International Monetary Fund (IMF) against bitcoin’s use as legal tender, the governor said: “What would...
El Salvador Buys 100 More Bitcoins Amid Crypto Sell-Offs and New Covid-19 Variant Scare
28.11.2021
As reports of a new Covid-19 strain spread, tanking the price of many cryptocurrencies, El Salvador bought the dip. The country has added 100 more bitcoins to its treasury despite a recent warning by the International Monetary Fund (IMF), bringing the total number of bitcoins purchased to 1,220....
EY Survey Finds 1 in 4 Hedge Funds to Increase Crypto Exposure Next Year
25.11.2021
EY, one of the big four consulting and auditing firms in the world, found that one in four hedge funds are expecting to increase their crypto exposure for the next year. The 2021 EY Global Alternative Fund Survey describes that alternative fund managers are slowly taking a stable place in...
Australia's Rest Super retirement fund to invest in crypto for its 1.8M members
24.11.2021
“It’s still a very volatile investment, so any allocation exposure we make to cryptocurrencies is likely to be part of our diversified portfolio,” said Rest Super’s CIO Andrew Lill on Tuesday
IMF Warns El Salvador Against Using Bitcoin as Legal Tender After ‘Bitcoin City’ Announcement
23.11.2021
The International Monetary Fund (IMF) has warned El Salvador against using bitcoin as legal tender due to various risks associated with cryptocurrency. The warning came one day after Salvadoran President Nayib Bukele announced his plan to build a “bitcoin city” powered by a volcano...
Swedish call to ban crypto mining ‘completely misinformed,’ says fund manager
22.11.2021
“The claim that Bitcoin miners jeopardize the electricity network is completely misinformed,” says EU-based fund manager Melanion Capital
Fund Managers Increasingly Prefer Bitcoin Over Gold — Say It’s a Better Store of Value
22.11.2021
A growing number of fund managers and institutional investors now prefer bitcoin over gold. They see the cryptocurrency as a better store of value and a better inflation hedge. “I think it’s probably going to be ten times better than gold over a long period of time,” said...
El Salvador to Issue $1 Billion Bitcoin Bond to Fund ‘Bitcoin City’
21.11.2021
President Nayib Bukele, of El Salvador, announced yesterday he would issue a $1 billion “Bitcoin Bond” to build the first Bitcoin City in the world. The city would feature no taxes of any kind except VAT, and it would be carbon neutral, with most of the energy powering it coming from...