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IMF Predicts Latam to Grow 3% This Year, Despite Facing Economic Deceleration and Rising Inflation
29.7.2022
The International Monetary Fund is predicting that Latin America (Latam) will keep growing this year, reaching a growth rate of 3% even with all of the difficulties that the region is facing. The institution believes that the economic recovery that Latam is enjoying after the Covid-19 pandemic will...
IMF Warns of Further Crypto Selloffs and More Coins Failing
29.7.2022
A director with the International Monetary Fund (IMF) has warned of further selloffs in both crypto assets and equities. He further warned that more crypto tokens could fail. IMF Foresees More Crypto Selling Pressure Tobias Adrian, director of Monetary and Capital Markets for the International...
Crypto Fund Variant Commits $450M to Backing Web3, DeFi Projects
28.7.2022
A $150 million seed fund will focus on Web3 founders and a $300 million opportunities found will double-down on portfolio projects
ApeCoin Proposal to Fund 24-Hour BAYC News Site Wins Community Approval
28.7.2022
Ape Coin, the native token of the Bored Ape Yacht Club ecosystem, has approved a proposal that will fund a 24-hour crypto news website
‘Big Short’ Investor Michael Burry Doubts SEC Has Resources or IQ to Investigate Crypto Listings on Coinbase Correctly
28.7.2022
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, believes that the U.S. Securities and Exchange Commission (SEC) neither has the resources nor the IQ points needed to correctly investigate crypto listings on Coinbase. Michael Burry on SEC Investigating Crypto...
Fantom to Fund Ecosystem Projects Using Portion of Burn Fees
27.7.2022
A governance vote saw an overwhelming number of community members decide on using a third of Fantom’s burn fees to fund new projects
KuCoin CEO Johnny Lyu launches 'Anti-FUD Fund'
27.7.2022
The exchange’s Anti-FUD Fund comes shortly after KuCoin CEO Johnny Lyu’s spat with a whistleblower who claimed the exchange was insolvent
Startup Incubator Launch House Debuts $10M Fund With Web3 in Focus
26.7.2022
House Capital will invest in early-stage companies building for the “new Silicon Valley,” which includes Web3
3AC: A $10B hedge fund gone bust with founders on the run
25.7.2022
3AC downfall has led to a multi-billion dollar cascade that has claimed the likes of Celsius, Voyager and many other crypto lending firms with exposure to the hedge fund
Meta History Museum Raised Over $1,000,000, Releases New NFT Collection in Support of Ukraine
24.7.2022
The META HISTORY project team created Ukraine’s first NFT war museum one month after Russia’s full-scale invasion. Since then they have managed to raise $1,290,398 (803.28 ETH) for the Aid For Ukraine crypto fund, created by the Ukrainian Ministry of Digital Transformation together...
NFT sales will fund the restoration of physical monuments in Ukraine
22.7.2022
“NFT[s] will not stop Russian missiles, but blockchain technology will contribute to the economic recovery and development of Ukraine,” said Alexander Borniakov
Three Arrows Capital Founders Speak After Filing Bankruptcy, Exec Says the ‘Whole Situation Is Regrettable’
22.7.2022
This week the two co-founders of the embattled cryptocurrency hedge fund Three Arrows Capital spoke to Bloomberg about their fund crumbling at the seams. The co-founders Su Zhu and Kyle Davies did not disclose their whereabouts, but a lawyer who monitored the interview noted the duo is located...
Three Arrows Capital Founders Say Terra, GBTC Trades Led to Fund Blowup: Report
22.7.2022
“What we failed to realize was that Luna was capable of falling to effectively zero,” Three Arrows Capital co-founder Su Zhu said
Coinbase Confirms ‘No Financing Exposure’ to Bankrupt Crypto Firms Celsius, Voyager, Three Arrows Capital
22.7.2022
Crypto exchange Coinbase has confirmed that the company “had no financing exposure” to bankrupt firms, including Celsius Network, Voyager Digital, and Three Arrows Capital (3AC). “The issues here were foreseeable and actually credit-specific, not crypto-specific...
Crypto Exchange KuCoin Raises $10M From Susquehanna to Fund Hiring, Growth Plans
21.7.2022
KuCoin and SIG will also collaborate in incubation and ecosystem building for crypto startups through incubation, investment, and technical consultation
Scaramucci’s SkyBridge Planning New Fund for Web3, Crypto: Report
20.7.2022
The news follows reports that SkyBridge suspended withdrawals from a separate fund due to price pullbacks
Harvard Professor Rogoff: Central Banks, Governments Are ‘Way Behind the Curve’ in Regulating Cryptocurrencies
20.7.2022
Harvard Professor of Economics and former chief economist at the International Monetary Fund (IMF) Kenneth Rogoff says central banks and governments are “way behind the curve” in regulating cryptocurrencies. He added that officials throw out the idea of having central bank digital...
Leading Auction House Christie’s Launches Web3 and Fintech Venture Arm
19.7.2022
On Monday, Christie’s, the leading British auction house founded 256 years ago in 1766, announced the launch of a new venture fund called Christie’s Ventures. According to the announcement, the company’s venture arm plans to focus on “[Web3] innovation, art-related...
Fund Manager Fintonia Group Receives Provisional Virtual Assets License in Dubai
19.7.2022
Sinapore-based crypto fund Fintonia Group has secured a provisional virtual assets license in Dubai
Christie's launches venture fund aimed at Web3 and blockchain investments
18.7.2022
According to the auction company, its first investment will be in LayerZero Labs, a company developing solutions for enabling omnichain decentralized applications