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Digital Asset Funds See $32M Outflows Amid U.S. Crypto Crackdown


Digital asset investment funds saw $32 million in net outflows last week amid a flurry of aggressive regulatory actions from U.S. authorities. According to a recent report by CoinShares, the $32 million in outflows marks the largest withdrawal from crypto funds since late December 2022.  It...

Czhang Lin Explains the Investment Strategy of LBank Labs in Web3


LBank Labs is the venture capitalist and blockchain accelerator arm of global crypto exchange LBank. Spearheaded by investor Czhang Lin, LBank Labs is entering the market with a 100 million USDT fund to propel the Web3 industry. He recently joined the Bitcoin.com News Podcast to talk about their...

India Having ‘Detailed Discussions’ With G20 Members on Crypto Regulation


India is having “detailed discussions” with other G20 members about forming a collective standard operating procedure (SOP) to regulate crypto assets, Indian Finance Minister Nirmala Sitharaman has revealed. She also called for “a globally coordinated approach on the regulation...

Bitcoin Falls Out of Favor After Losing Grip on $22K, Fund Flows Report Shows


After dominating crypto inflows for most of the year so far, Bitcoin fell out of favor in the eyes of investors last week. That’s according to the latest weekly Digital Asset Fund Flows report produced by crypto analytics firm CoinShares, which tracks investment flows into and out of digital asset...

Seoul Sanctions North Korea Over Crypto Theft


South Korea has imposed sanctions on the North in relation to a number of cyberattacks often resulting in the theft of cryptocurrency. The authorities in Seoul say the regime in Pyongyang is using the digital assets to fund its nuclear and missile development projects. South Korea Hits North Korean...

Kenyan AI and Blockchain Startup Receives Investment From Swiss VC Firm


Fastagger Inc, an artificial intelligence and blockchain startup from Kenya, recently revealed that it had received an investment from the Swizterland-based blockchain investor CVVC. Mutembei Kariuki, said the investment will be used to fund the further develop Fastagger’s “cutting-edge...

Investment Manager Predicts Gold Could Hit $3,000 This Year


Investment management and advisory firm Goehring & Rozencwajg expects gold to hit record highs this year. “I wouldn’t be surprised to see a $3,000 price this year,” said an executive of the firm. “It’s time for people to want to be bullish on gold.” Gold...

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