Search
Ghanaian Cedi Appreciates by More Than 30% in 4 Days — Currency Recovery Follows IMF Loan Announcement
18.12.2022
Just a few months after it became the world’s worst-performing currency, the Ghanaian cedi’s exchange rate versus the U.S. dollar bounced back from just over 14 units per dollar on Dec. 1, to 8 units for every dollar by Dec. 16, new data has shown. The currency’s resurgence...
G20 Countries to Build Crypto Policy Consensus for Better Global Regulation
18.12.2022
The G20 countries aim to build a policy consensus on crypto assets for better global regulation. “After the crypto meltdown which we have seen recently, it is clear that we need internationally agreed standards on regulation,” said the International Monetary Fund (IMF)’s deputy...
Big Short Investor Michael Burry Says Audits of Crypto Exchanges Like Binance and FTX Are ‘Meaningless’
17.12.2022
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says the problem with auditing cryptocurrency exchanges, like Binance and FTX, is the same as when he started using a new kind of credit default swap. “Our auditors were learning on the job,”...
Ark Invest Fund Manager Cathie Wood Buys More Coinbase Stock – Bull Market Starting Soon?
14.12.2022
Well-known tech investor Cathie Wood’s fund Ark Invest has taken a bigger stake in Coinbase, buying up an additional $3.2m worth of shares in the crypto exchange.
The latest purchase means that Ark Invest’s flagship exchange-traded fund (ETF), ARK Innovation ETF (ARKK), now holds 5.8 million COIN...
'Old money has all but fled,' Huobi co-founder discusses challenges of running $400M VC fund
13.12.2022
Jun launched the fund amidst the bear market this year and continues to invest in Web 3.0 companies
CEO of crypto news site The Block resigns for failing to disclose $27M loans from Alameda Research
9.12.2022
New CEO Bobby Moran said there was no evidence that Mike McCaffrey had "improperly" influenced coverage of Sam Bankman-Fried, FTX, and Alameda Research on the news site
Grayscale, in the Spotlight as GBTC Discount Widens, Says DeFi Fund Now Trading
9.12.2022
The debut of the "DEFG" fund in over-the-counter markets comes as Grayscale’s largest fund, the Grayscale Bitcoin Trust (GBTC), is under distress and at the center of crypto-market speculation
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