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Kenyan Businessman Accused of Defrauding Investors of More Than $140 Million
19.12.2021
Businessman and owner of a Kenyan football club, Ricardo Badoer, has been accused of fleecing more than $140 million from investors via his Aidos Kuneen cryptocurrency. Threats Against Investors According to a local report, Kenyan businessman Ricardo Badoer is being accused of defrauding investors...
Crypto Wealth Manager Vaneck Launches Polygon and Avalanche Investment Offerings
18.12.2021
The wealth manager Vaneck has announced it has expanded its exchange-traded note (ETN) offerings to support the tokens polygon and avalanche. The two ETNs follow five previously launched funds in Europe that allow investors to gain exposure to leading digital assets. Vaneck Adds Polygon...
SBI Group launches crypto-asset fund for Japanese investors
18.12.2021
The SBI crypto-asset fund consists of seven cryptocurrencies including Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, Chainlink and Polkadot, none exceeding more than 20% in ratio
SBI Subsidiary ‘to Launch Japan’s First Bitcoin, Altcoin Fund’ for Individual Investors
18.12.2021
The Japanese financial giant and crypto heavyweight SBI Holdings has unveiled the nation’s first crypto fund for individual retail investors – although they will need to have deep pockets if they want to take part....
Read More: SBI Subsidiary ‘to Launch Japan’s First Bitcoin, Altcoin Fund’...
Bitwise launches NFT index fund for accredited investors
17.12.2021
Accredited investors can now invest in some of the world's most valuable nonfungible tokens and art collections through the Bitwise Blue-Chip NFT Index Fund
Bitwise, Nexo Add to Financial Products for Rich NFT Investors
17.12.2021
The past day has seen the announcement of two new non-fungible token (NFT)-related financial products, with asset manager Bitwise launching the first-ever index fund to track NFTs, while crypto lender Nexo (NEXO) launched the first lending desk exclusively for NFT investors....
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Fish food? Data shows retail investors are buying Bitcoin, whales are selling
16.12.2021
The number of Bitcoin addresses holding less than 1 BTC has been rising in the face of a 30% price correction from $69,000
US Senator Says Defi Is the Most Dangerous Part of Crypto – Urges Regulators to Clamp Down Before It’s Too Late
16.12.2021
U.S. Senator Elizabeth Warren has called on regulators to clamp down on decentralized finance (defi) and stablecoins “before it’s too late.” She said: “Defi is the most dangerous part of the crypto world … it’s where the scammers, the cheats, and...
This Is How Fake Bitbuy Crypto Exchange Scammed Investors
15.12.2021
South Korean police have swooped on the operators of what they say was a scam crypto exchange that sucked in 12,000 victims – after claiming investors could use it to make compound interest gains of a whopping 0.5% every eight hours.
Per Herald Kyungjae, the firm posed as a South Korean affiliate...
Game Developer Moonray PBC Raises $3.5 Million, Aims to Bring NFT and Blockchain Gaming to Bitcoin
15.12.2021
On December 14, Moonray PBC, the developer behind the multiplayer action-role-playing game (RPG) Moonray, announced that the project has raised $3.5 million from strategic investors. Moonray is considered the first metaverse and gaming non-fungible token (NFT) exchange built on the Bitcoin network...
Bitmex Co-Founder Arthur Hayes Recommends “Wait and See” Approach for Cryptocurrency Investors
15.12.2021
Bitmex co-founder and cryptocurrency investor Arthur Hayes has addressed the current state of the market with the effect the U.S. Federal Reserve’s upcoming tapering process may have. Hayes also links this with the Evergrande situation in China and advises cryptocurrency newcomers to hold...
Bank of Russia Wants to Ban Mutual Funds From Investing in Cryptocurrency
15.12.2021
Russia’s central bank intends to prohibit mutual funds from acquiring crypto assets or related financial instruments. The proposal, which is in line with its hard line stance on decentralized digital money, comes after the regulator urged stock exchanges to avoid trading securities tied...
Investment Adviser Bernstein Sees Crypto as a ‘Monster’ Bubble — Warns Markets Could Drop 90%
15.12.2021
The CEO of investment management firm Richard Bernstein Advisors warns that cryptocurrencies are the biggest financial bubble in history. He advises investors to stay away from “bubble assets,” which include cryptocurrencies. Investment Adviser Sees Cryptos as the Biggest Financial...
Actress Gwyneth Paltrow Invests in Bitcoin Mining Operation Terawulf
14.12.2021
The American actress and businesswoman Gwyneth Paltrow has participated in an investment round involving the bitcoin mining operation Terawulf. According to reports, Paltrow and a group of investors made a “substantial, 8-digit equity investment” in the company. Paltrow is well known...
Market Analyst Says ‘Whole Crypto Sphere Is in a Bear Market’ as Prices Continue to Slide Lower
14.12.2021
The crypto-economy has been sliding in value this week and during the last 24 hours, it has lost 2.5% dropping to $2.3 trillion. The leading crypto asset bitcoin has slid 4.8% during the last seven days and ethereum has dropped 11.7% last week. The downward spiral has cryptocurrency advocates...
Small Ethereum investors increase exposure as ETH loses $4K level
13.12.2021
The number of Ethereum addresses holding less than 0.01 ETH and 0.1 ETH has been climbing since early November against an ongoing price correction
Gamesta CEO Spencer Tarring Talks About GameFi, Metaverse and How the Guild Fits in the Grand Plan
13.12.2021
Gamesta is the smart contract-based guild enabling investors to connect and empower thousands of underprivileged players throughout the world. Gamesta Guild believes the value of any game is created by the network of players playing it. Each player, regardless of their wealth or means, represents...
Matt Zhang on a mission to reinvent crypto for institutional investors
12.12.2021
Matt Zhang, founder of Hivemind Capital Partners and former Citi executive, explains the biggest challenges for institutions looking to invest in cryptocurrencies
Institutional Investors Expect Major Correction in Crypto Market Next Year
11.12.2021
Many institutional investors are predicting a major correction in the cryptocurrency market next year, a survey published by Natixis Investment Managers shows. Despite seeing crypto as the top contender for a major correction, institutional investors are increasingly warming up to the asset class....
Regulator Claims South Africa Set to Unveil Cryptocurrency Regulatory Framework in Early 2022
11.12.2021
In early 2022, South Africa will have a new regulatory framework that covers cryptocurrencies, a commissioner with a regulatory body has said. Highly Risky Products South Africa’s financial sector regulator, the Financial Sector Conduct Authority (FSCA) is set to unveil a new regulatory...