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Crypto Hedge Funds Defraud $100 Million From Investors, Founder Faces 20 Years in Prison
7.2.2021
The founder of two cryptocurrency hedge funds has been charged in U.S. federal court for securities fraud. He has pleaded guilty and is facing up to 20 years in prison. His two funds cumulatively had over $100 million in investments. The U.S. Department of Justice (DOJ) announced Thursday that...
Bill Miller-Run $2.25B Fund May Buy GBTC to Gain Bitcoin Exposure of Up to 15%
6.2.2021
The fund noted that it would not expose more than 15% of its $2.25 billion in assets to bitcoin
Crypto Hedge Fund Founder Pleads Guilty to $90M Fraud
5.2.2021
Virgil Capital founder Stefan Qin lied to investors and siphoned off millions to fund a lavish lifestyle
Blockchain Bites: The Rise of the Bitcoin Investment Fund
4.2.2021
A flurry of crypto investment funds were announced, as NYDIG predicts it will see $25 billion in bitcoin under management by year's end
CrossTower Launches Bitcoin Fund to Compete With Grayscale’s GBTC
3.2.2021
The fund is starting out with $20 million in AUM, largely from family offices, and touts lower fees than the Grayscale Bitcoin Trust
California Pension Fund Loaded Up on RIOT Shares During Bitcoin’s Q4 Rally
2.2.2021
The largest public pension in the U.S. bought more RIOT shares for the first time since 2017
Bitwise Files for Approval to Publicly Trade Its Bitcoin Fund
2.2.2021
The fund aims to compete with Grayscale's Bitcoin Trust and others by offering a 50 basis point lower expense ratio
Wall Street Bets and Gamestop Saga to Be Made Into a Movie
2.2.2021
The Wall Street Bets saga, an incredibly ridiculous story about a group of amateur Reddit investors who beat career Wall Street hedge funds at their own game, is to be made into a movie. According to a report by online news site Deadline on Jan. 31, Metro Goldwyn-Mayer (MGM) won the rights...
Silver Squeeze Goes Viral, Ounce of Ag Jumps Above $30, Wallstreetbets Fans Question Trend’s Legitimacy
2.2.2021
This past week, another social media trend started on the Reddit forum r/wallstreetbets, which aims to initiate a large silver short squeeze in order to push the price of the precious metal to $1,000 per ounce. However, the silver squeeze trend comes with controversy, as numerous wallstreetbets...
Have the Hedge Funds Infiltrated Reddit’s WallStreetBets?
1.2.2021
The media keeps saying WallStreetBets is going after silver; WallStreetBets members say it’s a campaign to co-opt and divide them
Robinhood Can’t Democratize Finance Using Old Tools
1.2.2021
Robinhood saw the ire of traders last week because it promised to be different. It turned out to be fancy app on top of an antiquated system
Crypto Fund Manager Charged in $5M Ponzi Scheme, Facing up to 30 Years in US Prison
30.1.2021
A cryptocurrency fund manager has been charged in a U.S. federal court. He allegedly took over $5 million from investors interested in investing in his crypto funds, promising them high returns. In reality, he was running a Ponzi scheme and is now facing up to 30 years in prison. Crypto Fund...
The Small Guys Rebel Against their Big Brother Hedge Funds
30.1.2021
What the GameStop stock market chaos can teach crypto and why the Bank of International Settlements is pitching central bank digital currencies (CBDC) instead of crypto. Also the privacy concerns around China’s digital yuan
Crypto Lender BlockFi Registers Bitcoin Trust With SEC
29.1.2021
BlockFi is the latest firm to go up against Grayscale's behemoth bitcoin trust
Spanish Crypto Exchange 2gether Won’t Reimburse All Stolen Funds From the 2020 Hack
27.1.2021
Spanish cryptocurrency exchange 2gether has announced that it won’t compensate users for the full amount of bitcoin (BTC) and ether (ETH) stolen in August 2020. The exchange said that almost 5,000 of its customers won’t receive their cryptos under the compensation plan. Company Asks...
Crypto ETF Race Heats Up in 2021- Valkyrie Bitcoin Trust Files to List Shares on NYSE
24.1.2021
2021 has been an explosive year for bitcoin as the crypto asset has touched new all-time price highs as cryptocurrencies have seen increased demand. Meanwhile, a number of crypto proponents expect the first exchange-traded fund (ETF) to be approved this year as a number of firms are racing...
eToro Survey Finds Pensions and Endowments Are Finally Waking Up to Crypto
21.1.2021
The exchange quizzed 25 institutional players about crypto investing, including a couple of pension funds
World’s Largest Asset Manager Blackrock to Invest in Bitcoin Futures
21.1.2021
Blackrock, the world’s largest asset manager with $7.81 trillion under management, is getting into bitcoin. The firm has filed with the U.S. Securities and Exchange Commission (SEC) for two of its funds to invest in bitcoin futures. Blackrock Gets Into Bitcoin Blackrock filed...
Guggenheim CIO: ‘Speculative frenzy’ to die down, but $400k target still on
17.1.2021
While some traders have gotten mixed signals, Guggenheim's Scott Minerd is taking the long view
3iQ’s Canadian Bitcoin Fund Hits C$1B in Market Cap
16.1.2021
The digital asset manager also reached C$1 billion in net asset value this week