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Circle Begins Putting Reserves Into New BlackRock Fund
3.11.2022
Circle Internet Financial has begun moving the reserves for its USDC stablecoin into a dedicated fund set up by BlackRock Inc. and registered with the U.S. Securities and Exchange Commission, the company disclosed Thursday
Crypto Wallet Blocto Launches $3M Fund for Aptos-Based Projects
3.11.2022
The layer 1 blockchain from ex-Meta employees made its mainnet debut last month with a limited ecosystem
Bitcoin price bottom takes shape as 'old coins' hit a record 78% of supply
2.11.2022
Bitcoin's long-term holders' NUPL metric has dropped to levels that coincided with market bottoms thrice since November 2011
Crypto VC Firm CoinFund Looks to Raise $250M Seed Fund
1.11.2022
SEC filings show the firm is raising money for a new fund less than three months after launching a $300 million fund
Crypto Fund Manager Bitwise Introduces Active Trading Strategies in Institutional Push
1.11.2022
San Francisco-based fund manager Bitwise has introduced active trading strategies, designed to capitalize on market inefficiencies across the crypto market for institutional clients
Twitter monetization and free speech drove Binance's $500M injection: CZ
1.11.2022
Binance will also assist Twitter’s integration into Web3 by implementing crypto payments and deploying a dedicated team of on-chain specialists to stop spam bot accounts
LD Capital Founder Jack Yi Gave a Keynote Address at BWB 2022 in South Korea: Opening of a New Era of Web3
29.10.2022
PRESS RELEASE. LD Capital was established in 2016. Its main business involves direct investment and trading. It has established LD Capital X Ecological Fund, Web3 Alliance Incubation Accelerator, and Hero Group Secondary Hedging Asset Management. In the future, LD Capital’s investment in...
Egyptian Currency Plunges 15% After Cairo Accedes to Key IMF Exchange Rate Condition
28.10.2022
After authorities in Egypt announced the adoption of a more flexible exchange rate regime, the pound exchange rate versus the U.S dollar plunged to 23.09:1, a new low for the currency. Cairo’s apparent devaluation of the Egyptian pound met a key condition set by the International Monetary...
Crypto Hedge Fund Arca Nearly Doubles Sales for Flagship Fund Despite LUNA Exposure
28.10.2022
The Digital Asset Fund, which had Terra’s collapsed token as a core holding, now has $191.7 million in sales
Blockchain.com Seeks New Funding at $4 Billion Valuation – 70% Decline From Previous Round
28.10.2022
Major crypto company Blockchain.com is allegedly in talks over down-round fundraising that could see its valuation slashed by more than 70%.
The crypto exchange reportedly aims to raise funds at a fraction of the $14 billion valuation it achieved earlier this year, Bloomberg reported Thursday...
Andreessen Horowitz Flagship Crypto Fund Down 40% This Year
27.10.2022
Venture giant Andreessen Horowitz’s (a16z) flagship crypto fund has fallen 40% in the first half of this year alone, after it was set up as the crypto market peaked, according to a new report.
The 40% fall for the crypto-focused venture fund is much larger than the 10% to 20% drops seen in other...
ConsenSys commits $2.4M annually to launch MetaMask Grants DAO
27.10.2022
The employee-led DAO will take charge of issuing grants to external developers building within the MetaMask ecosystem
A16z's Largest Crypto Fund Loses 40% Value in First Half of 2022: Report
26.10.2022
Andreessen Horowitz's flagship crypto fund has cratered by more than 40% in the first half of this year, according to Wall Street Journal, which cites people familiar with the matter
BNB Chain Introduces $10M Fund to Incentivize Project Growth on the Blockchain
25.10.2022
The program will initially support 10 projects in the fourth quarter, with incentives up to 800 BNB per month in total for gas, or blockchain transaction fees
Near Foundation sets up $40M fund to bail out USN investors in case of collapse
25.10.2022
The program was launched after Decentral Bank, the issuer of NEAR-native stablecoin USN, raised concerns about the stablecoin depegging due to algorithmic failure
Report: Billionaire Says Britain May Be Forced to Seek Bailout From IMF if It Does Not Renegotiate Brexit Deal
25.10.2022
British billionaire investor Guy Hands has reckoned that Britain will become “the sick man of Europe” and may be forced to seek a bailout from the International Monetary Fund (IMF) if it does not renegotiate its Brexit deal. The billionaire insisted the United Kingdom’s current...
Anyone Can Start a Hedge Fund: How On-Chain Credit Changes the Crypto Economy
24.10.2022
Undercollateralized loans open crypto into new forms of financing, and could spur a wave of trading activity and capital formation
Report: Ghanaian Cedi Slides Further Versus the US Dollar to Become World’s Worst-Performing Currency
24.10.2022
As Ghana waits for a financial bailout from the International Monetary Fund (IMF), the country’s currency continued its slide versus the dollar after the respective currencies’ exchange rate slipped to just under C15:$1. Following this latest plunge, the cedi has now depreciated by more...
Analysts Say an Onslaught of Fed Rate Hikes Could Spur a ‘Bond Market Flash Crash’ or ‘Blow up the Treasury’
23.10.2022
The U.S. economy has been struggling with inflation running rampant and investors are eagerly waiting for the U.S. Federal Reserve to announce the next federal funds rate hike next month. Harris Kupperman, the founder of the hedge fund Praetorian Capital, believes the onslaught of Fed rate hikes...
Pension Fund-Backed Parataxis Digital Yield Fund Targets $500M in Assets in 2023
21.10.2022
The digital yield fund received investments from two Fairfax County, Va. pension funds earlier this year