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IMF Division Chief and Deputy Managing Director Call for Swift Regulatory Action to Avoid Crypto Contagion to Legacy Finance
21.1.2023
An International Monetary Fund (IMF) division chief and deputy managing director are calling for more action to be taken in the regulatory aspect to avoid crypto’s ups and downs affecting banks and traditional financial institutions. Nobuyasu Sugimoto, deputy division chief of the financial...
Fantom Blockchain to Fund Ecosystem Projects Using Portion of Burnt FTM Fees
20.1.2023
The fund is aimed at empowering builders on Fantom by offering a decentralized avenue for funding projects, ideas, and creations through a community-driven decision process
Report: Somalia to Fight Inflation and Counterfeiters With New Banknotes
20.1.2023
According to the deputy governor of the Somalian central bank, Ali Yasin Wardheere, the institution plans to fight inflation and currency counterfeiters with newly issued shilling banknotes. The bank reportedly said it hopes to complete the process of replacing old and high-value shilling bills...
Nifty News: Trump NFTs surge 800%, Yuga Labs blacklists NFT exchanges, and more
20.1.2023
Donald Trump’s NFT collection started out strong but then started looking lifeless up until a few days ago
Davos 2023: WEF Unveils Global Collaboration Village Metaverse Platform
20.1.2023
The World Economic Forum (WEF) has announced the rollout of the Global Collaboration Village, its own metaverse platform, for this year. Klaus Schwab, chairman of the WEF, plans to leverage this representation of Davos to allow people and leaders to meet in virtual worlds and coordinate global...
SSV launches $50M ecosystem fund to support ETH staking tech
19.1.2023
Vitalik Buterin identified distributed validator technology, or DVT, as a key component of Ethereum’s decentralization efforts
SSV DAO Starts $50M Fund to Push Ethereum's Decentralization Plan
19.1.2023
The fund announcement follows SSV's $2 million grant distribution last year to help teams develop staking projects on Ethereum
Deal Box launches $125M blockchain and Web 3 venture fund
18.1.2023
The firm previously specialized in tokenizing equity and bond issuance for startups
FTX Bosses Voiced Their Concerns About Client Fund Use, Court Papers Show
18.1.2023
According to court papers,
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The authorities claim that Sam Bankman-Fried siphoned billions of dollars in customer funds from FTX and used the money to make political contributions, finance trading at Alameda and buy luxury real estate in the Bahamas, where FTX was based. The two managers...
Hashkey Capital Raises $500 Million for Its Third Fund, Despite Crypto Market Downturn
18.1.2023
On Tuesday, global asset manager Hashkey, which focuses on crypto and blockchain investments, announced that it has closed its third fund at $500 million. The company’s “HashKey Fintech Investment III” is dedicated to developing crypto solutions, blockchain technology, and Web3...
Hong-Kong investment fund raises $500M to push mass adoption in Web3
17.1.2023
The global asset manager HashKey Capital closed the funding round for its FinTech Investment Fund III, with which it plans to invest in startups and projects in the space perpetuating mass adoption
HashKey Capital Raises $500M for 3rd Crypto Fund
17.1.2023
The firm will back blockchain projects that could achieve mass adoption
Defunct Crypto Hedge Fund Three Arrows Capital Founders Seek $25 Million to Start New Exchange Amid Scrutiny
16.1.2023
According to reports, the founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC) are seeking to raise $25 million from investors to start a new crypto exchange called GTX. This solicitation for new capital comes after 3AC co-founders Su Zhu and Kyle Davies were subpoenaed over...
Report: Egyptian Pound Reaches New Low Against US Dollar Despite Flexible Exchange Rate Regime
16.1.2023
The exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months after it adopted a flexible exchange rate regime. According to the International Monetary...
Bitmex Co-Founder Criticizes Former FTX CEO for Not Liquidating Hedge Fund Alameda
14.1.2023
The Bitmex co-founder, Arthur Hayes, criticized Sam Bankman-Fried, the disgraced FTX co-founder, on Friday after Bankman-Fried published his first blog post on his new Substack newsletter. “All this talk about what Alameda did is misdirection,” Hayes insisted. “It doesn’t matter how they hedged...
Crypto ETFs Are the Top Fund Performers as New Year Rally Strengthens
14.1.2023
The crypto-focused exchange-traded fund (ETF) market has seen a topside push in 2023 amid a surge in cryptocurrency prices.
So far this year, the 14 top-performing ETFs are all tied to digital assets, excluding leveraged products, out of about 2,000 funds tracked by Bloomberg,...
Samsung’s Asset Management Arm Launches Bitcoin Futures ETF in Hong Kong
14.1.2023
Samsung’s asset management arm has launched a bitcoin futures exchange-traded fund (ETF). The new actively managed ETF is listed and traded on the Hong Kong stock exchange. It seeks “to provide economic exposure to the value of bitcoin,” Samsung detailed. Samsung’s Bitcoin...
Alameda Research liquidators lost $72,000 during a fund consolidation attempt
13.1.2023
The loss occurred while Alameda Research liquidators were attempting to close a borrow position on Aave, but instead, removed the extra collateral used for the position
Iceberg Capital Teams Up With Venom to Create $1 Billion Blockchain Fund
12.1.2023
Abu Dhabi-based blockchain platform Venom Foundation and investment manager Iceberg Capital revealed a $1 billion venture fund focused on blockchain and Web3 companies.
The news was shared on Twitter by the foundation on Wednesday. ...
Read More: Iceberg Capital Teams Up With Venom to Create...
Three Arrows Capital creditors express frustration with bankruptcy process during call
11.1.2023
3AC co-founder Kyle Davies announceed regular meetings with creditors, noting all involved parties are welcome to attend