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UK FCA's Blueprint for Fund Tokenization Nearing Completion
13.10.2023
The Financial Conduct Authority (FCA), the regulatory body overseeing the financial sector in the UK, is close to completing of a blueprint for fund tokenization.
In a recent speech, FCA Chair Ashley Alder revealed that the FCA has been collaborating with the Technology Working Group to develop...
UK FCA Working on Blue Print for Fund Tokenization Due This Year
12.10.2023
The U.K. financial regulator said earlier in the year it was speaking to firms and trade groups in relation to proposals on fund tokenization
ARK's amended spot Bitcoin ETF filing is a ‘good sign’ of future approval
12.10.2023
ARK Invest and 21Shares amended spot Bitcoin ETF filing seemingly addresses earlier concerns highlighted by the SEC, which is a good sign of progress, according to Bloomberg's ETF analysts
Alameda Research lost $190M to scams and 'questionable’ blockchains: Whistleblower
12.10.2023
Former Alameda Research engineer Aditya Baradwaj says one trader lost more than $100 million after clicking on a fake link
Renowned Investor Jim Rogers Warns of US Dollar Dominance Ending — Sees Chinese Yuan as the Only Competitor
12.10.2023
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has reiterated his warning of the end of U.S. dollar dominance. “I know that the era of the U.S. dollar is coming to an end. No currency stayed on top forever,” he stressed, adding that...
Crypto Aid Israel Fundraiser to Help Victims of Hamas Assault
11.10.2023
Members of Israel’s Web3 community have launched Crypto Aid Israel, a fundraiser in support of those affected by the conflict with Hamas. The goal is to attract cryptocurrency donations to relieve the humanitarian situation of thousands of Israelis displaced by the surprise attack...
Binance $1 Billion Industry Recovery Fund Post-FTX Underperforms
10.10.2023
Binance CEO Changpeng Zhao's plan to rescue the cryptocurrency market has fallen short of expectations eleven months after launch.
Since the launch of the Industry Recovery Initiative (IRI), the company has only spent less than $15 million out of an announced $1 billion fund, Bloomberg wrote. ...
Binance tight-lipped on projects funded by $1B crypto recovery fund
10.10.2023
Binance-initiated IRI fund has only spent some 2.7% of the total of $1.1 billion committed to saving crypto in the aftermath of the FTX collapse, and has still not explained which entities benefited
Israel War Prompts Crypto Firms Including Fireblocks, MarketAcross to Start Aid Fund
9.10.2023
The organization will host a multi-signature wallet to collect donations in multiple cryptocurrencies, including bitcoin (BTC) and ether (ETH) as well as the dollar-linked stablecoins USDT and USDC
US consumer watchdog mulls applying e-banking laws to crypto
9.10.2023
The head of the U.S. financial consumer watchdog says it’s looking to issue guidance on how crypto could fall into electronic fund transfer laws
FTX used Python code to fake its insurance fund figure: Gary Wang
9.10.2023
FTX’s so-called “Backstop Fund” figure was a big lie, according to the former chief technology officer of the crypto exchange
Investment Manager Expects SEC to Approve All Bitcoin ETF Applications in 3-6 Months
7.10.2023
Steven Schoenfeld, former head of International Equity Product Strategy at Barclays Global Investors (now Blackrock), expects the U.S. Securities and Exchange Commission (SEC) to approve all spot bitcoin exchange-traded fund (ETF) applications in three to six months. He also anticipates that...
Bankman-Fried’s House of Cards? FTX Co-Founder Gary Wang Spills the Beans on Alleged Misuse of Client Funds
7.10.2023
On Friday, FTX’s co-founder, Gary Wang, delivered a riveting testimony to federal prosecutors, alleging that CEO Sam Bankman-Fried covertly diverted billions from customer accounts to fuel trades for his hedge fund, Alameda Research. Wang detailed how Bankman-Fried allegedly instructed him...
Thorswap Halts Operations Amidst FTX Hacker’s Fund Movement; RUNE Drops 8.6%
6.10.2023
The decentralized exchange (dex) Thorswap has paused operations after a series of funds stemming from the FTX hacker was sent to the dex protocol. Thorswap took to social media and said that the team “stands firmly against any and all criminal actions.” Thorswap Pauses Amidst FTX Hack...
FTX Co-Founder Testifies: Sam Bankman-Fried Allowed Unlimited Fund Withdrawals
6.10.2023
FTX co-founder Gary Wang has testified in court, admitting that he and former FTX boss Sam Bankman-Fried committed wire fraud.
Wang revealed to the jury that he and Bankman-Fried engaged in financial crimes and deceitful practices that ultimately led to the collapse of the cryptocurrency trading...
Singapore Police Officially Confirm “36-Year-Old Man” Arrested Connected to Crypto Hedge Fund 3AC
5.10.2023
Cryptonews reported last week that Su Zhu, the co-founder of bankrupt crypto hedge fund Three Arrows Capital (3AC), has been arrested in Singapore. The local police have officially confirmed the arrest, responding to a Reuters query on Thursday....
Read More: Singapore Police Officially Confirm...
An Urban Farmstead Emerges From 3AC Co-Founder’s Bankrupt-Shadowed Mansion
5.10.2023
According to a report, the spouse of Three Arrows Capital (3AC) co-founder Su Zhu has transformed their residence into a farmstead. The farm reportedly boasts numerous garden beds, a variety of composting zones, and the couple’s swimming pool has been converted into a natural pond. Report...
CMCC Global launches $100 million fund
5.10.2023
CMCC Global has launched the 4th Titan Fund, worth $100 million. This speaks volumes, considering Hong Kong has been experiencing a bit of a winter with investments in the crypto industry. The fund led an investment in Mocaverse, a brand that was launched in December last year with Animoca Brands....
Hong Kong crypto VC opens $100M fund for Asian blockchain startups
5.10.2023
The crypto fund, named Titan Fund, has already made five investments in different blockchain startups with two going toward Hong Kong-based projects
CMCC Global Splashes $100 Million on Blockchain Fund Focused on Asian Startups
4.10.2023
Asia-based blockchain venture capital (VC) firm CMCC Global has announced the launch of its Titan Fund, committing $100 million to support blockchain startups in the region.
Founded in 2016, CMCC Global is one of the first Asian VC firms focused solely on the blockchain ecosystem.
As announced...