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Animoca Brands cuts metaverse fund target to $800M: Report
24.3.2023
The company announced in November 2022 that it was working on a new Animoca Capital fund with a target of $2 billion but then halved that target in January 2023
NFT Investor Animoca Brands Cuts Target for Metaverse Fund to $800M: Reuters
24.3.2023
When Animoca initially unveiled its plans for the fund last November, its target was $2 billion. This was then cut in half to $1 billion in January
Sushi DAO to Set up Defense Legal Defense Fund; Project Receives Unspecified US SEC Subpoena
23.3.2023
Sushi, the Web3 exchange that pivoted into a decentralized autonomous organization (DAO), is seeking to organize a legal defense fund. If approved, the proposal, which already is available for voting, will put $3 million USDT as part of a fund to defend itself from legal actions against...
Sushi sets up legal defense fund after SEC subpoenas head chef Jared Grey and DAO itself
21.3.2023
The DAO said it would not be commenting on “ongoing legal investigations,” but its existing $100,000 defense fund was apparently not enough
Bitcoin holds $28K due to spot buying, but institutional investors are still selling
21.3.2023
BTC price continues to show bullish momentum, but the absence of whale buyers and institutional investor selling threatens to weaken the current rally
Swedish pension fund Alecta dumps First Republic Bank shares after price plummets
21.3.2023
The Swedish fund was the bank’s fifth largest shareholder; the fund’s CEO said the uncertainty surrounding First Republic was too great
Burry on Banking Crisis, Kiyosaki Warns of ‘Fake Money’ Injections; Talk of ‘Anti-Crypto’ Agenda Behind Signature Bank Collapse — Week in Review
19.3.2023
Speculation and debate continue to rage surrounding the current global banking debacle. Hedge fund manager Michael Burry — known for predicting 2008’s economic crisis — is drawing comparisons to the Panic of 1907, while Rich Dad Poor Dad author Robert Kiyosaki warned this week of more...
Binance replaces BUSD in SAFU Fund with TUSD & USDT
17.3.2023
Binance assured its users that this change will not impact them in any way, and that their funds will continue to be held in publicly verifiable addresses
Africa-Focused Venture Capital Firm Echovc Launches Blockchain Fund
17.3.2023
The Africa-focused venture capital (VC) firm, Echovc, has launched a fund that seeks to support blockchain startups on the continent. While global blockchain funding has been on a decline over the past year, Echovc founder Eghosa Omoigui claimed that investing now enables the VC to get in “at...
Cathie Wood's Ark Launches Private Crypto Fund, Raises $16.3 Million – New Bull Market Imminent?
16.3.2023
Cathie Wood's Ark Investment has raised more than $16 million for two new private crypto funds as digital assets resume rally despite increasing regulatory pressure.
According to recent filings with the U.S. Securities and Exchange Commission, Ark Invest has raised $16.3 million for a crypto fund...
Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming
15.3.2023
Michael Burry, a hedge fund manager renowned for predicting the 2008 financial crisis, has drawn parallels between the current banking turmoil and the Panic of 1907. He noted that three weeks after J.P. Morgan made a stand, the panic was resolved and the markets bottomed. “A stand was made...
Cathie Wood’s Ark Raises $16.3M for New Private Crypto Fund
15.3.2023
SEC filings show fundraises for two versions of the ARK Crypto Revolutions fund
Alchemy Pay Partners With ZD Group, Parent Company of Mouette Securities, Shares Four Hong Kong Licenses and Receives Its Investment
14.3.2023
The leading fiat-crypto payment gateway, Alchemy Pay, has revealed that it has joined forces with ZD Group, the parent company of Mouette Securities, a reputable global investment fund. Within the frame of this strategic collaboration, ZD Group provides investment and shares its four financial...
Three Arrows Capital-Affiliated Crypto Firm Raises $100 Million for New Liquid Token Fund – Here's What You Need to Know
14.3.2023
DeFiance Capital has reportedly raised $100 million for its liquid token fund.
On Monday, The Block reported that the crypto investment firm completed the first close of the new fund, citing "two sources with direct knowledge of the matter". ...
Read More: Three Arrows Capital-Affiliated Crypto...
Crypto Fund Outflows Hit Record Weekly Level
13.3.2023
The outflows rose for a fifth consecutive week and come amid rising uncertainty about the future of digital assets
Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum
13.3.2023
On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant onchain movements would be noticeable following...
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...