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Ikigai Exec Says ‘Large Majority’ of Crypto Asset Management Firm’s Funds Stuck on FTX
14.11.2022
After Kevin Zhou, the co-founder of the hedge fund Galois Capital, revealed half of the firm’s assets were held on FTX, another crypto asset management firm called Ikigai detailed that “a large majority of the hedge fund’s total assets” were stored on FTX. Ikigai chief investment officer, Travis...
Ikigai Asset Management Had 'Large Majority' of Assets on FTX, Unclear Whether It Will Be Able to Continue
14.11.2022
Chief Investment Officer Travis Kling tweeted that the hedge fund has only been able to withdraw "very little" of its funds
UK Asset Management Giant Abrdn Leads Archax $28.5M Funding Round
9.11.2022
Abrdn, one of the U.K.'s biggest asset-management firms, has backed a $28.5 million Series A funding round into digital asset exchange Archax. Abrdn became the firm's largest external shareholder earlier this year
Microsoft Backs Wemade’s Blockchain Push in $46 Million Investment Round
5.11.2022
Software giant Microsoft has made a $14.8 million investment in Wemade, a Korea-based blockchain gaming services company that has recently launched its own stablecoin, named Wemix. The company was part of a $46 million investment round, that also saw the participation of two more companies: Shinhan...
Cosmos Asset Management Intends to Delist Crypto ETFs in Australia
2.11.2022
Cosmos Asset Management intends to apply to delist two of its cryptocurrency exchange-traded funds (ETFs) that trade on the Cboe stock exchange in Australia
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...
Asset management firm launches BTC Lightning Network startup accelerator
27.10.2022
The startup accelerator will consist of four yearly 8-week programs, with successful applicants receiving $250,000 and one receiving an additional $500,000 at the end of the program
Devere CEO Expects Further Volatility in Crypto Market Before Year-End — Says Savvy Investors Will Benefit From Panic Sellers
13.10.2022
The CEO of Devere Group, a financial advisory and asset management firm, anticipates further volatility in the crypto market before year-end. However, he stressed that “for serious investors, this will not necessarily be seen as a bad thing,” noting that “Savvy, long-term crypto...
Report: Hong Kong-Based Asset Management Firm Acquires Controlling Stake in Asian Crypto Exchange Huobi
10.10.2022
Li Lin’s controlling stake in Huobi, one of Asia’s largest cryptocurrency exchanges, was recently acquired by About Capital Management for an undisclosed sum. Huobi’s acquisition by the Hong Kong-based asset management firm came shortly after the crypto exchange had exited...
GoldenTree Asset Management Reveals $5.3 Million Position in SushiSwap
6.10.2022
GoldenTree Asset Management has invested roughly $5.3 million in SUSHI, the governance token of the decentralized finance protocol SushiSwap.
The U.S.-based asset management firm with approximately $50 billion in assets under management (AUM) said in a post on the SushiSwap community forum that...
Unido EP: Enterprise-Grade Digital Asset Management, for Everyone
6.10.2022
PRESS RELEASE. Since the last product offering comparison with Fireblocks, Unido has now successfully launched the EP self-custody multi-wallet, powered by Multi Party Computation (MPC) technology. Unido EP represents a first to market for a fully decentralized, distributed private key management...
Asset Management Giant GoldenTree Discloses $5.2M Investment in SushiSwap
6.10.2022
The credit-focused firm has been ramping up its commitment to cryptocurrency, unveiling a new investment manager and fund in recent months
Celsius’ co-founder Daniel Leon follows Mashinsky out as crypto exec flight continues
4.10.2022
Leon is at least the eighth crypto sector executive who has resigned in recent months; Celsius CEO Alex Mashinsky resigned a week ago
Asset Management Giant Fidelity Adds to Crypto Offerings With Ethereum Index Fund
4.10.2022
The fund has raised about $5 million since sales opened in late September
US Tennis Player Serena Williams’ VC Firm Leads Ugandan Fintech’s $12.3 Million Pre-Series A Funding Round
2.10.2022
The Uganda-based digital lending fintech startup, Numida, has said it will start offering its services to micro, small, and medium-sized enterprises in other African countries. Numida’s plans to offer its services to businesses beyond Uganda’s borders came shortly after it...
Guggenheim’s Scott Minerd Discusses ‘Greatest Investing Opportunity’ — Warns Stocks Vulnerable to Further Declines
21.9.2022
The chief investment officer of asset management firm Guggenheim, Scott Minerd, says that the current market has delivered “the greatest investing opportunity of a generation.” He also warned about some investments that he expects to decline further. Guggenheim’s Scott Minerd...
Financial Heavyweights Citadel, Charles Schwab, Fidelity Confirm Cryptocurrency Exchange Launch
13.9.2022
A number of financial giants including Fidelity Investments, Citadel Securities, and Charles Schwab Corp. announced on Tuesday that the consortium of companies plans to launch a cryptocurrency exchange called EDX Markets. Reports note that firms like Paradigm, Sequoia Capital, and Virtu Financial...
‘A Dangerous Looking Moment in Global Economics’ — Veteran Investor Jeremy Grantham Warns S&P 500 Could Plunge Another 26%
12.9.2022
Jeremy Grantham, the co-founder of the Boston-based asset management firm Grantham, Mayo, & van Otterloo (GMO) believes Standard and Poor’s 500 (S&P 500) could drop another 26% during the next 12 months, according to statements the veteran investor made last week. The...
Stone Ridge board approved plan for 'liquidation and dissolution' of its Bitcoin fund
12.9.2022
“Effective after the close of business on October 3, 2022, the Fund’s shares will generally no longer be available for purchase," said a Stone Ridge filing with the SEC
Devere CEO Explains Why He Is Buying the Bitcoin Dip
11.9.2022
The CEO of Devere Group, a financial advisory and asset management firm, has shared multiple reasons why he is buying the bitcoin dip. “Despite the recent turbulence, I believe that the trajectory of bitcoin and other major cryptos is upwards,” he said. Nigel Green Explains Why He...