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Financial Warfare: Afghan Central Bank’s $10B Confiscated by US, Biden Halts USD Shipments to Afghanistan
18.8.2021
The war in Afghanistan has been an extremely long conflict since the United States invaded the country in 2001, in order to drive the Taliban from power. After a messy exit, the U.S. occupation in Afghanistan has been compared to mistakes made during the Vietnam War. Now that U.S. forces have left...
British Court Orders Binance to Identify and Freeze Hackers’ Accounts After a User Claims Funds Stolen
14.8.2021
A U.K. judge has reportedly ordered cryptocurrency exchange Binance to identify hackers and freeze their accounts after one of its users claimed to be the victim of a $2.6 million hack. Binance Ordered to Help Recover Funds Allegedly Stolen in a Hack A London high court has ordered global...
Ukraine Shuts Down Crypto Exchangers Sending Money to Russian Wallets
12.8.2021
The Security Service of Ukraine (SBU) has closed down a number of “underground” crypto exchangers in Kyiv. Officials say the platforms have been making a million dollars in monthly turnover and allegedly sending money to digital wallets operated by Russian payment providers....
Game Payment Company CEO Sounds Like A Massive Jerk
6.8.2021
Game payment company Xsolla is reportedly planning to lay off 150 people for being “unengaged and unproductive.” CEO and founder, Aleksandr Agapitov later wrote on Twitter, “Work your fucking ass off or get your fucking ass out.” It’s a big old mess made more complicated by the CEO’s continued...
JPMorgan now offers clients access to six crypto funds … but only if they ask
6.8.2021
JPMorgan now offers access to six different crypto funds from GrayScale, Osprey Funds and NYDIG
While GBTC Bitcoin Stacking Slows, Grayscale Accumulates Alternative Crypto Assets
2.8.2021
Established in 2013, the firm Grayscale Investments has managed to become the world’s largest asset manager for digital currency. While initially starting with bitcoin, the company has since added a myriad of different crypto assets as Grayscale commands $36.34 billion in assets under...
Big Investors Are Pushing up Valuations of Crypto Firms
1.8.2021
Venture capital firms and large investors are driving up the prices of crypto startups. Boutique investment firms and family offices are being elbowed out by big venture capital firms, private equity funds, and even some pension funds. VC Firms Driving Up Prices of Crypto Startups Cryptocurrency...
Just HODL! Bitcoin and Ethereum outperform ‘lower risk’ crypto index funds
24.7.2021
Data from Delphi Digital shows holding BTC and ETH was more profitable than investing in weighted average market cap crypto and DeFi index funds
JPMorgan Begins Offering 5 Cryptocurrency Funds to Clients
23.7.2021
Global investment bank JPMorgan has reportedly green-lighted its advisors to provide clients with access to five cryptocurrency funds. The funds are available to all JPMorgan’s wealth management clients seeking investment advice. The move makes JPMorgan the first large bank to expand crypto...
Grayscale Investments Launches Defi Fund — Now Offers 15 Crypto Investment Products
20.7.2021
Grayscale Investments has launched a decentralized finance (defi) fund. The new defi fund is the crypto asset manager’s 15th investment product and its second diversified product. “The emergence of decentralized finance protocols provide clear examples of technologies that can redefine...
Israel Begins Seizure of Bitcoin Donations Collected by Hamas
10.7.2021
Israel’s Defense Minister Benny Gantz has ordered the seizure of cryptocurrency funds raised by the Palestinian Islamist movement Hamas. His department has reportedly started taking control over digital wallets used by the terrorist group to collect crypto donations from abroad. Defense...
4,000 Institutional Funds in Germany Can Now Invest 20% of Portfolios in Crypto Assets
5.7.2021
Around 4,000 institutional funds with almost 2 trillion euros in assets under management in Germany can now invest 20% of their portfolios in cryptocurrency, including bitcoin. The highly anticipated Fund Location Act (Fondsstandortgesetz) went into effect on July 1 in Germany. The German federal...
Russia’s Famous Hermitage Museum Aims to Raise Funds With NFTs
4.7.2021
The Hermitage Museum in Saint Petersburg is considering issuing NFTs for works of art from its rich collection and is holding talks with Binance on the matter. The museum’s management expects the tokens to bring extra funding, provided Russian authorities exempt NFTs from current digital...
Korean Government Confiscates $47 Million in Crypto From Tax Evaders
24.6.2021
South Korean authorities have identified thousands of tax evaders as part of an intensifying crackdown on tax dodging among crypto investors. Following a prolonged investigation, the government has reportedly seized cryptocurrency worth millions of dollars. Tax Agents Target Wealthy Tax Evaders...
Hedge fund that shorted GameStop closes as $1.13B GME stock offer completes
23.6.2021
GameStop has completed a stock offer worth nearly $1.13 billion to fund growth, while a hedge fund that incurred losses from shorting GME is closing down
4 reasons why Paul Tudor Jones' 5% Bitcoin exposure advice is difficult for major funds
20.6.2021
Major funds are probably interested in Bitcoin and altcoins, but four significant hurdles are preventing them from investing
Grayscale Considering 31 Crypto Assets for Investment Products
20.6.2021
Grayscale Investments is considering 31 crypto assets to add to its family of investment products. The company, with $32.9 billion in crypto assets under management, currently offers investments in 13 cryptocurrencies. Grayscale Investments announced Friday 13 additional crypto assets it...
Bitcoin pinned below $38K as investors stash record $756 billion with Fed
18.6.2021
Bitcoin bulls ducked for cover as the Federal Reserve started paying interest rate returns on cash deposits via its reverse repurchase program
Hedge Funds Aim for $300 Billion in Crypto Assets Within 5 Years, Survey Shows
16.6.2021
Hedge funds are likely to significantly increase their crypto holdings, a global poll of chief financial officers has indicated. According to an average figure based on their forecasts, the funds will keep more than 7% of assets in cryptocurrency within the next five years. Hedge Fund CFOs Expect...
98% of CFOs say their hedge fund will invest in Bitcoin by 2026: Study
16.6.2021
The survey results coincide with U.S. inflation climbing to the highest levels since 1992