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Crypto Hedge Fund Founder Pleads Guilty to $90M Fraud
5.2.2021
Virgil Capital founder Stefan Qin lied to investors and siphoned off millions to fund a lavish lifestyle
Yearn Finance DAI Vault ‘Has Suffered an Exploit’; Funds Lost Unclear
4.2.2021
The amount taken is unclear but Yearn shows percentage losses for the DAI vault in the triple digits
Blockchain Bites: The Rise of the Bitcoin Investment Fund
4.2.2021
A flurry of crypto investment funds were announced, as NYDIG predicts it will see $25 billion in bitcoin under management by year's end
CrossTower Launches Bitcoin Fund to Compete With Grayscale’s GBTC
3.2.2021
The fund is starting out with $20 million in AUM, largely from family offices, and touts lower fees than the Grayscale Bitcoin Trust
California Pension Fund Loaded Up on RIOT Shares During Bitcoin’s Q4 Rally
2.2.2021
The largest public pension in the U.S. bought more RIOT shares for the first time since 2017
Bitwise Files for Approval to Publicly Trade Its Bitcoin Fund
2.2.2021
The fund aims to compete with Grayscale's Bitcoin Trust and others by offering a 50 basis point lower expense ratio
Wall Street Bets and Gamestop Saga to Be Made Into a Movie
2.2.2021
The Wall Street Bets saga, an incredibly ridiculous story about a group of amateur Reddit investors who beat career Wall Street hedge funds at their own game, is to be made into a movie. According to a report by online news site Deadline on Jan. 31, Metro Goldwyn-Mayer (MGM) won the rights...
Silver Squeeze Goes Viral, Ounce of Ag Jumps Above $30, Wallstreetbets Fans Question Trend’s Legitimacy
2.2.2021
This past week, another social media trend started on the Reddit forum r/wallstreetbets, which aims to initiate a large silver short squeeze in order to push the price of the precious metal to $1,000 per ounce. However, the silver squeeze trend comes with controversy, as numerous wallstreetbets...
Have the Hedge Funds Infiltrated Reddit’s WallStreetBets?
1.2.2021
The media keeps saying WallStreetBets is going after silver; WallStreetBets members say it’s a campaign to co-opt and divide them
Robinhood Can’t Democratize Finance Using Old Tools
1.2.2021
Robinhood saw the ire of traders last week because it promised to be different. It turned out to be fancy app on top of an antiquated system
Crypto Fund Manager Charged in $5M Ponzi Scheme, Facing up to 30 Years in US Prison
30.1.2021
A cryptocurrency fund manager has been charged in a U.S. federal court. He allegedly took over $5 million from investors interested in investing in his crypto funds, promising them high returns. In reality, he was running a Ponzi scheme and is now facing up to 30 years in prison. Crypto Fund...
The Small Guys Rebel Against their Big Brother Hedge Funds
30.1.2021
What the GameStop stock market chaos can teach crypto and why the Bank of International Settlements is pitching central bank digital currencies (CBDC) instead of crypto. Also the privacy concerns around China’s digital yuan
GameStop: How Redditors Played Funds For Billions (And What Might Come Next)
29.1.2021
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James Doran, Associate professor/Deputy head of school, UNSW.
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How does a small retail company that sells video games, worth less than USD 400 million in the middle of 2020, become a USD 10 billion company in less than six months? How does its share price climb from about USD 20...
Crypto Lender BlockFi Registers Bitcoin Trust With SEC
29.1.2021
BlockFi is the latest firm to go up against Grayscale's behemoth bitcoin trust
International Operation Disrupts Ransomware Group Netwalker by Tracing Cryptos With the Help of Blockchain Analysis
29.1.2021
In collaboration with Bulgarian authorities, the U.S. Department of Justice (DOJ) disrupted a well-known ransomware gang’s infrastructure. Law enforcement seized their servers and traced the illicit funds with the help of blockchain forensic analytics via Chainalysis. US Authorities Seized...
Study: 60% of Digital Asset Holders Store Funds on Exchanges While Half Derive an Income From Crypto
29.1.2021
Despite the risks that come with storing crypto assets with third parties, the findings of a new study suggest many cryptocurrency holders still trust exchanges with the safekeeping of their funds. Conducted by Binance Research, the study finds that 60% of “the general population store their...
Financial ties between Robinhood and funds shorting GME fall under scrutiny
28.1.2021
The trading platform's decision to shut Redditors out from buying GameStop continues to raise eyebrows
American Cancer Society Creates Its First Crypto Only Donation Fund
28.1.2021
The American Cancer Society has set up a fund for crypto donations so the nonprofit can raise at least $1 million by early 2021. Together with The Giving Block, the U.S.-based voluntary health organization expects to collect funds via several cryptocurrencies. Donations to Fund Cancer-Related...
Massive Gamestop Short Squeeze Highlights the Fragility of Today’s Financial System
27.1.2021
The bigwigs trading stocks on Wall Street have been upset this week as billion-dollar hedge funds have been crippled by Redditors and memes. Not too long ago, the firm Gamestop’s shares were plummeting, and Wall Street veterans lined up a mountain of short bets against the company’s...
Spanish Crypto Exchange 2gether Won’t Reimburse All Stolen Funds From the 2020 Hack
27.1.2021
Spanish cryptocurrency exchange 2gether has announced that it won’t compensate users for the full amount of bitcoin (BTC) and ether (ETH) stolen in August 2020. The exchange said that almost 5,000 of its customers won’t receive their cryptos under the compensation plan. Company Asks...