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Kenya-Based Bitcoin Mining Company Raises $2 Million in Seed Investment Led by Jack Dorsey-Owned Firm
9.12.2022
Gridless, a bitcoin mining company operating from Kenya, recently raised $2 million in seed investment from Block, a digital payments company owned by Twitter founder Jack Dorsey, and Stillmark. The bitcoin mining firm is reportedly planning to use the capital raised to fund its expansion into...
Crypto Hedge Fund BKCoin Fired Co-Founder Kang Over Misappropriated Investor Funds
8.12.2022
An ongoing case in a Florida district court alleges Kang misused $12 million in investor assets
Hedge Fund Presidio Trading to Spin Out Crypto Market Tail Risk Strategy
8.12.2022
Tail risk investment strategies look to reduce overall portfolio risk by outperforming during an unexpected downturn, but do so at the cost of lower returns in a bull market
GBTC 'elevator to hell' sees Bitcoin spot price approach 100% premium
8.12.2022
Bad times for the Grayscale Bitcoin Trust (GBTC) get even worse this week as its discount to BTC/USD approaches 50% for the first time
Crypto lender Genesis has no solution yet for withdrawal halts
8.12.2022
Genesis said it will take additional weeks to carve out a recovery path for its lending business
First Mover Asia: Here’s What Might Happen to Sino Global’s Liquid Value Fund During FTX’s Bankruptcy Protection Proceedings
8.12.2022
Crypto Twitter wanted to know the potential consequences of having Alameda and Sam Bankman-Fried as partners in a fund. So we asked a Hong Kong-based lawyer who specializes in asset tracing and recovery; bitcoin dips but not much
A Look Inside Alameda – Sam Bankman-Fried’s Fallen Crypto Hedge Fund Investments Revealed Here
7.12.2022
The venture capital arm of Sam Bankman-Fried’s crypto trading firm Alameda Research had illiquid investments worth more than $5.4bn spread across nearly 500 companies, newly published documents have revealed.
The venture investments controlled by Bankman-Fried appears to have covered everything...
Canada’s Largest Pension Fund No Longer Mulling Crypto Investment: Reuters
7.12.2022
CPP Investment has nearly $400 billion in assets under management
Fir Tree fund sues Grayscale in effort to force changes to Bitcoin Trust
7.12.2022
The New York-based hedge funds want Grayscale to cough up information about its flagship Bitcoin trust which it believes could reveal potential mismanagement
Coinbase CEO Slams Sam Bankman-Fried for Blaming FTX’s $8 Billion Hole on ‘Accounting Error’
7.12.2022
The chief executive of the Nasdaq-listed cryptocurrency exchange Coinbase, Brian Armstrong, has slammed former FTX CEO Sam Bankman-Fried (SBF) for claiming that FTX is missing $8 billion due to an “accounting error.” He stressed: “It’s stolen customer money used in his hedge...
Hedge Fund Fir Tree Sues Grayscale for Details on GBTC: Bloomberg
6.12.2022
Fir Tree wants the Grayscale Bitcoin Trust to resume redemptions and cut fees
Korean VC Firm Daesung Private Equity Announces $83 Million Metaverse Fund
3.12.2022
Daesung Private Equity, a Korean venture capital firm, has announced the launch of a metaverse fund of 110 billion won ($83.5 million). The fund, which will have the participation of the Korean state represented by Korea Venture Investment Corporation’s Korea Fund of Funds, aims to...
3AC bankruptcy process faces challenges amid unknown whereabouts of founders
2.12.2022
The liquidators claim Zhu Su and Kyle Davies are located in Indonesia and the Emirates, where foreign court orders are difficult to enforce
Animoca creates billion-dollar metaverse fund for developers
2.12.2022
The company’s co-founder announced that the fund is still in the works but plans to provide billions to startups with a metaverse focus
Thai VC fund acquires troubled exchange Zipmex for $100M: Report
2.12.2022
Zipmex reportedly plans to use crypto assets received from the acquisition to unlock frozen customer accounts on the platform by April 2023
Animoca Brands announces $2 billion Metaverse fund for startups
2.12.2022
Animoca Brands, a blockchain gaming group based out of Hong Kong, recently announced a metaverse fund. The platform released an official tweet to announce the 2 billion dollars fund to focus on mid to late-stage startups. According to Yat Siu, the co-founder of Animoca, the fund will act as a good...
Animoca Brands Plans $2 Billion Metaverse Fund to Support Established Projects
2.12.2022
Animoca Brands, the parent company of metaverse projects like The Sandbox, has announced it plans to launch a $2 billion metaverse fund. The new fund, which would be focused on returns for potential investors wanting to get more Web3-related capital exposure, will focus its activities on companies...
‘Big Short’ Investor Michael Burry Warns of Extended Multi-Year Recession in US
2.12.2022
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned about “an extended multi-year recession” in the U.S. He believes there isn’t a strategy to pull us out of “this real recession.” Michael Burry’s Recession Warning Famous...
Kevin O’Leary, Bill Ackman Slammed for Defending Sam Bankman-Fried — ‘I Think SBF Is Telling the Truth’
2.12.2022
Shark Tank star Kevin O’Leary and billionaire hedge fund manager Bill Ackman have been slammed for stating that they believe Sam Bankman-Fried (SBF) was telling the truth that he “didn’t knowingly commingle funds.” The former CEO of the collapsed crypto exchange FTX also...
Fantom wants to cut token burn rate by 75% to fund dApp rewards program
1.12.2022
"Fantom will become the youtube/twitch of blockchain platforms," commented ecosystem architect Andre Cronje