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Coinbase and Circle cite FDIC to ensure fund recovery
13.3.2023
Signature Bank and then Silicon Valley Bank, the traditional banking system, is experiencing one of the worst hit crises that have left customers wondering if they will ever get their funds back. For now, Coinbase has responded, saying that its users will get the funds back from Signature Bank...
NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout
13.3.2023
On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the U.S. Federal Reserve, Treasury Department,...
South Korea launches Metaverse Fund to expedite domestic initiatives
12.3.2023
With the help of the Metaverse Fund, South Korea will support the mergers and acquisitions of various firms from the metaverse ecosystem
South Korea Doubles Down on Metaverse, Announces $51 Million Investment in Related Projects
11.3.2023
The Ministry of Science and ICT of South Korea has approved investments of $51 million in various metaverse projects, doubling down on its metaverse bet for the future. The investment includes a fund for supporting the growth of metaverse companies and another special investment to build several...
Justin Sun Moving Stablecoins After Promising to Create Huobi Liquidity Fund
10.3.2023
Sun’s USDT is moving after Huobi’s HT Token Dropped 93% and then rebounded
$54B fund partner runs women-only DAO, LatAm blockchain gaming guild
9.3.2023
Clara Bullrich helps run a $54B investment fund, a women-only DAO and she founded a gaming guild to teach gamers in Latin America play to earn
Price, Not Intrinsic Value, Is the True Measure of Bitcoin’s Success
9.3.2023
Many financial advisors cite lack of intrinsic value as a case against bitcoin. But demand and global adoption, evidenced by bitcoin's steadily increasing price, are what they should be paying attention to
Blockchain Industry Gets Boost as US Firms Set to Raise $100 Million For Crypto Fund – Are Institutions Coming Back?
9.3.2023
Despite a series of high-profile moves by the Securities and Exchange Commission as it seeks to reign in the US Crypto Industry, a new digital asset fund venture could reignite market growth.
The result of a partial merger between leading firms Alpha Sigma Capital and Transform Ventures. The...
Deadline Approaching: Mt Gox Trustee Sets Final Cut-off Date for Creditors to Claim Over $3 Billion in Recovered Bitcoin
9.3.2023
The Tokyo bankruptcy court trustee for the defunct Japanese bitcoin exchange Mt Gox, Nobuaki Kobayashi, has published a letter stating that creditors have until March 10, 2023 (Japan Time) to register their repayment claims. Kobayashi explains that the team is dealing with “a large number...
Ethereum Co-Founder Vitalik Buterin’s Address Sells Trillions of Airdropped Tokens, Causes Illiquid Coin Prices to Plummet
8.3.2023
On March 7, onchain observers noticed that Vitalik Buterin, the co-founder of Ethereum, had allegedly sold billions and trillions of airdropped ERC20 tokens, resulting in a gain of an estimated $700,000 in value. The market liquidity of the airdropped tokens was shallow, and the relatively unknown...
Pension Fund-Backed Parataxis Capital Shakes Off Crypto Winter With New Fund
8.3.2023
The fund employs a long/short relative value trading strategy, and will launch with $25 million to $50 million in capital
Vitalik Buterin's philanthropic fund donates 15M USDC to UC San Diego
8.3.2023
The Airborne Institute will use the generous grant to study the transmission of airborne diseases such as COVID-19
Transform Ventures launches holding company for blockchain with $100M AUM
8.3.2023
Transform Ventures was founded by Michael Terpin, a crypto investor who previously sued a New York teenager for $71.4 million in damages for allegedly snatching cryptocurrency from his phone
Hacker returns stolen funds to Tender.fi, gets $97K bounty reward
8.3.2023
The bounty, which was offered via an on-chain message was approximately $97,000 or approximately 6% of the exploit amount
SEC Files Emergency Action Against Bkcoin in $100 Million Crypto Fraud Scheme
7.3.2023
The U.S. Securities and Exchange Commission (SEC) has filed an emergency action against Miami-based investment adviser Bkcoin and one of its principals, Kevin Kang. “The defendants disregarded the structure of the funds, commingled investor assets, and used more than $3.6 million to make...
SEC Files Emergency Action Against BKCoin for Running $100M ‘Ponzi-Like’ Scheme
6.3.2023
The U.S. Securities and Exchange Commission (SEC) was granted emergency relief by a Florida court on Monday to freeze and appoint a receiver for the assets of Miami-based crypto hedge fund BKCoin and one of its co-founders, Kevin Kang
Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report
5.3.2023
Central banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in January. Turkey was the largest gold buyer, adding 23 tons to its central bank’s stash...
Investor Letter Shocker: Multicoin Capital's Hedge Fund Reports 91.4% Loss in 2022 – Here's What Happened
5.3.2023
Digital asset investment firm Multicoin Capital lost as much as 91.4% in 2022 as investors rushed for the exits following the catastrophic collapse of FTX.
According to a copy of the firm’s annual investor letter, the hedge fund was hit hardest after the collapse of FTX despite managing to weather...
Multicoin Capital’s Hedge Fund Lost 91.4% Last Year, Investor Letter Reveals
4.3.2023
The fund’s performance was severely impacted by direct exposure to now-bankrupt crypto exchange FTX and holdings in FTT and Solana-based tokens
Russia Unveils Mutual Fund for Financing Crypto Mining Operations
3.3.2023
A Russian company has unveiled a new fund intended to finance crypto mining operations in the country.
The new mutual investment fund will be available to qualified investors who can invest a minimum of 300,000 rubles (approx. $4,000), and the money will be used to acquire crypto mining equipment...