JellyC, a digital asset investment manager with over $100 million in assets under management, said it joined a program with crypto exchange OKX and international bank Standard Chartered (STAN) that will allow it to trade cryptocurrencies while keeping its collateral secure off-platform. The Australian company said it will use a Franklin Templeton tokenized money market … Read more
Joe McCann is winding down Asymmetric’s Liquid Alpha Fund after the fund was accused of losing massive value this year and drew sharp criticism online. In a social media post, the crypto investor said that the strategy behind the Liquid Alpha Fund “clearly is no longer serving our LPs.” He said the fund had been … Read more
The Securities and Exchange Commission approved — then abruptly paused — Bitwise’s plan to convert its Bitwise 10 Crypto Index Fund (BITW) into a spot exchange-traded fund (ETF) on Tuesday, raising fresh uncertainty around the agency’s standards for crypto ETFs. The fund holds 90% of its weight in bitcoin (BTC) and ether (ETH), with the … Read more
Well-known digital asset investor Dan Tapiero is merging private equity firms 10T Holdings and 1RoundTable Partners under a new brand 50T, reflecting his forecast that the digital asset ecosystem will reach a market value of $50 trillion in the next decade. “50T is a natural evolution from our original thesis in 2020 when we launched … Read more
Sam Bankman-Fried’s lawyer urged a judge on Tuesday to impose a lenient sentence for the FTX founder’s conviction for stealing $8 billion (roughly Rs. 6,63,30 crore) from customers of the now-bankrupt cryptocurrency exchange, arguing clients would get most of their funds back. In a sentencing submission, Bankman-Fried’s lawyer Marc Mukasey told U.S. District Judge Lewis … Read more
Bitcoin, the most expensive asset of the crypto sector, is seemingly grabbing the attention of Japan’s pension fund. The largest pension fund in Japan is considering diversifying investment portfolios, splitting focus from traditional assets. The information was disclosed by Japan’s Government Pension Investment Fund (GPIF) this week. Bitcoin’s appeal is not going unnoticeable by GPIF … Read more
The Web3 gaming sector is on the cusp of going mainstream with notable game publishers now shifting their focus towards emerging fresher technologies. In order to attract web3 game developers to put their best foot forward, three parties have formed an alliance. Venture firms Immutable and King River Capital along have tied up with blockchain … Read more
BlackRock Inc. is preparing to offer a fund through a partnership with digital-asset specialist Securitize, making it the latest Wall Street behemoth to experiment with putting money on blockchains. The world’s largest asset manager said it plans to launch “BlackRock USD Institutional Digital Liquidity Fund Ltd.” with Securitize, a digital-asset firm specializing in tokenization, according … Read more
Indian crypto exchange WazirX informed its users about a security breach on Thursday, that reportedly led to suspicious movement of funds worth $234.9 million (roughly Rs. 1,965 crore) into a Tornado Cash-linked wallet. Many crypto investors in India have expressed apprehension about the potential loss of user funds. WazirX’s rivals in India, including CoinDCX, Giottus, … Read more
Indian crypto exchange CoinDCX announced the launch of a crypto investor protection fund (CIPF) worth Rs. 50 crores on Wednesday, August 7. This decision from CoinDCX comes after WazirX users were left to bear losses in the aftermath of a hack that drained one of its wallets off over $230 million (roughly Rs. 1,900 crore). … Read more