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Skybridge Founder: Every Wall Street Firm Will Sell Bitcoin ETF to Clients — ‘Next 10 to 20 Years Are Remarkably Bullish’
24.9.2023
Skybridge Capital founder Anthony Scaramucci has explained why he is still bullish on bitcoin. Emphasizing that every Wall Street firm is going to have a bitcoin exchange-traded fund (ETF) in their arsenal that they will sell to their clients, he predicted: “The next 10 to 20 years...
Coinshares Unveils New Crypto Hedge Fund Division, Widens Institutional Services to US
23.9.2023
Coinshares, a European digital asset manager, is moving into the U.S. with a new hedge fund division aimed at institutional investors. The firm, based in Saint Helier, Jersey, intends to offer comprehensive services for institutions exploring crypto assets. Coinshares Expands to U.S. With New Hedge...
Crypto Biz: Bidding war for SVB Capital, new crypto funds and Citi’s private blockchain
22.9.2023
This week’s Crypto Biz explores SVB Capital bids, new funds from Blockchain Capital, the Hut 8-US Bitcoin merger and Citigroup’s private blockchain
‘Soft Landing Is a Primary Objective’ — Federal Reserve Signals One More Rate Hike in 2023
22.9.2023
Based on the U.S. Federal Reserve’s forecasts, it appears that the central bank is poised to enact an additional hike to the federal funds rate by the end of 2023. The news comes in the wake of the Federal Reserve’s decision to leave the interest rate unchanged during its recent...
Nomura’s Laser Digital Launches ‘Bitcoin Adoption Fund’ for Institutional Investors
21.9.2023
Financial giant Nomura’s digital assets subsidiary, Laser Digital, has announced the launch of its Bitcoin Adoption Fund to provide “long-only exposure to bitcoin whilst being one of the most cost-effective and secure investment solutions.” Laser Digital’s Bitcoin Adoption Fund...
Stanford University Vows to Return $5.5M FTX Donations; Funds Initially Allocated for Pandemic Prevention
20.9.2023
In the wake of a lawsuit targeting the parents of Sam Bankman-Fried, Stanford University’s spokesperson has announced intentions to give back the millions garnered from FTX and its affiliates. Records indicate that a whopping $5.5 million in gifts to Stanford traces back to the FTX empire....
Blockchain Capital Doubles Down on Crypto, Launches Two Funds Totaling $580 Million
20.9.2023
Blockchain Capital, a venture capital fund for cryptocurrency builders, has announced the closing of two funds that together total $580 million. The fundraiser, the largest one of the company in its ten years of existence, reveals the interest of investors in the blockchain sector as a source...
The ‘Family Business’ — FTX Founder’s Parents Accused of Siphoning Millions From Bankrupt Exchange
19.9.2023
The parents of disgraced FTX founder Sam Bankman-Fried are being accused of misappropriating millions in customer funds from the now-bankrupt cryptocurrency exchange. The attorneys for Joseph Bankman and Barbara Fried firmly assert that the allegations are “completely false.”...
Nomura's Laser Digital Starts 'Bitcoin Adoption Fund' for Institutional Investors
19.9.2023
The Bitcoin Adoption Fund will provide long-only exposure and will be the first in a range of such digital asset investment products offered by Laser Digital
Blockchain Data Visualization Startup Bubblemaps Secures $3.2M in Seed Funding
19.9.2023
Paris-based Bubblemaps, a firm specializing in blockchain data visualization, announced on Monday that it had secured $3.2 million in seed funding from a group of investors. Bubblemaps stated that the newly acquired funds would be directed toward a mission to increase access to blockchain data...
FTX Sues Sam Bankman-Fried’s Parents to Recover Millions in Misappropriated Funds
19.9.2023
Bankrupt crypto exchange FTX has taken legal action against the parents of its founder and former CEO, Sam Bankman-Fried, accusing them of being involved in fraudulent activities.
The lawsuit, filed on Monday, seeks to recover "millions of dollars in fraudulently transferred and misappropriated...
FTX Bankruptcy Estate Sues Sam Bankman-Fried's Parents, Joseph and Barbara, to Claw Back 'Misappropriated Funds'
19.9.2023
Allan Joseph Bankman and Barabara Fried, the parents of Sam Bankman-Fried, have been sued by the FTX bankruptcy estate
Blockchain Capital closes funds totaling $580M for investments in crypto gaming, DeFi
18.9.2023
The funds include $380 million for early-stage investments and a $200 million dollar "opportunity fund."
Crypto VC Firm Blockchain Capital Raises $580M for 2 New Funds
18.9.2023
Most of the firm's limited partners are traditional institutional investors, including university endowments, private foundations, financial institutions, sovereign wealth funds and U.S. pension plans
Optimism to allocate unclaimed funds from initial airdrop
18.9.2023
Optimism, an Ethereum layer 2 network, has announced plans to disburse the unused funds that were left over from its initial airdrop. The direct receivers will be to the identified addresses that were left out. The airdrop that began on the 1st of June,2022, was responsible for disbursing...
JPEX blames partners for ‘maliciously’ freezing funds, causing liquidity crisis
18.9.2023
Crypto exchange JPEX has pointed the finger at its third-party market makers for “maliciously” freezing funds which led to the exchange being forced to hike withdrawal fees to battle a liquidity crisis
Debunking Crypto Myths: An Analysis of Kenyan Interior Minister’s Crypto Activity and Terror Funding Argument
17.9.2023
Despite Kenyan Interior Minister Kithure Kindiki’s recent attempt to revive the old crypto terrorism funding narrative, evidence suggests that criminal elements primarily use conventional financial systems when transferring funds. Contrary to Kindiki’s claims, crypto transactions...
Mark Cuban’s Crypto Wallet Hacked, $870,000 Lost
16.9.2023
Hackers have apparently compromised a wallet belonging to billionaire investor Mark Cuban, stealing a number of cryptocurrencies. The owner of the Dallas Mavericks NBA team, who confirmed the breach, has been able to transfer the remaining digital funds to U.S. crypto exchange Coinbase. Mark...
Japan to allow start-ups to raise funds by issuing crypto instead of stocks: Report
15.9.2023
According to local media, Nikkei.com, this updated system is specifically applicable to a category of funds known as Investment Business Limited Partnerships (LPS)
FTX Lawyers to recover funds paid to celebrities like Shaq or Naomi Osaka amid BTCS ICO Hype
15.9.2023
Amid the buzzing hype surrounding the BTCS ICO, legal action is brewing as FTX lawyers aim to recover funds paid to celebrities such as Shaq and Naomi Osaka. FTX is looking to retrieve millions of dollars it paid to celebrity athletes and sports teams for endorsing its platform before filing...