Crypto investment firm Pantera is rotating back into altcoins from bitcoin and ether for the first time since spring. The firm moved from altcoins to ether last year “to try to avoid fur...
Tag: Finance firms
Coinshares sees biggest inflows since July, primarily in bitcoin
Coinshares saw its biggest inflows last week since July as total assets under management rose 43% from a November low. Digital asset investment products saw $117 million in inflows last week, of...
Ether below $1,600, Silvergate down on dividend deferral, Coinbase pops 10%
Crypto prices remain relatively steady, with most of the major coins flat or marginally higher. Silvergate sank after suspending a preferred dividend. Bitcoin was trading at $23,000 by 11:50 a....
Bankruptcy judge approves BlockFi’s employee retention program
A New Jersey bankruptcy court judge has approved BlockFi’s request to offer bonuses to top staff. “It offers the debtor and the employee an opportunity to move forward and maximize the estate,” ...
Virtu continues to see crypto as a ‘long-term growth opportunity’
Trading giant Virtu Financial is still committed to the crypto market, chief executive Doug Cifu said during the company’s fourth-quarter earnings call. The market-making firm has traded ...
How one of the largest finance companies you’ve never heard of is doubling down on crypto
Episode 3 of Season 5 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Nabil Manji, Worldpay head of crypto and web3 . Listen below, and subscribe to The Scoop on App...
Wilshire to partner with FalconX as preferred digital asset index provider
Wilshire, the financial services firm, announced a partnership with crypto prime broker FalconX to provide institutional investors with access to the OTC crypto derivatives market. The firm, whi...
Jump Crypto president unpacks the industry’s broken capital markets
Episode 1 of Season 5 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Jump Crypto President Kanav Kariya. Listen below, and subscribe to The Scoop on Apple, Spotify,...
Genesis aims to move ‘quickly and efficiently’ to exit bankruptcy, interim CEO says
Genesis has a roadmap to exit bankruptcy and hopes to do so as “quickly and efficiently as possible,” interim CEO Derar Islim told clients this morning in a letter obtained by The Block. ...
Genesis owes more than $3.6 billion to top 50 creditors
Genesis Global, which filed for bankruptcy protection in New York late Thursday, owes more than $3.6 billion to its top creditors. After filing for Chapter 11 bankruptcy protection in the U.S. B...
Digital Currency Group’s Genesis Global files for bankruptcy protection
Genesis Global Holdco filed for bankruptcy protection late Thursday in New York federal district court. The news comes after the firm failed in a bid to raise cash for its troubled lending unit and cu...
Genesis creditors back Winklevoss promissory note claim as possible bankruptcy looms
Genesis Global Capital labeled a $1.1 billion promissory note from parent Digital Currency Group as a current asset in conversations with creditors, bolstering the appearance of a stronger balance she...
Nexo pays $45 million to settle SEC and state charges for failing to register lending product
Nexo agreed to pay $45 million to federal and state agencies after being charged by the Securities and Exchange Commission for failing to register the offer and sale of its retail crypto asset lending...
Cathie Wood-backed 21shares offers first staking index ETP
Cathie Wood-backed 21Shares unveiled the 21Shares Staking Basket Index ETP, the first crypto staking index ETP offering diversified staking income. The 21Shares Staking Basket Index ETP tracks p...
Bitcoin rises slightly as crypto stocks surge in rally led by Coinbase, Hut 8
Bitcoin rose slightly by the U.S. close as crypto-related stocks ended the day largely higher in a rally led by Coinbase and Hut 8. The largest cryptocurrency by market capitalization rose about...
Drop zero crypto policy Bernstein tells institutions
Bernstein has some advice for institutions: Get some skin in the game. “Get off zero crypto allocation,” the asset manager told institutions following the publication of its global ...
Coinshares sees first inflow of ETH after two months; AUM up most since 2021
Coinshares saw the first inflows into ethereum in two months as assets under management rose 13% thanks to the recent increase in crypto prices, the largest gain since Oct. 2021. Digital asset i...
Silvergate shares jump in pre-market trading despite loss as bank well-capitalized
Silvergate Capital shares rallied despite the firm’s $1 billion fourth-quarter loss as business is intact, KBW analysts said. Shares in the La Jolla-based bank were trading around $15.60 b...
Vauld gets creditor protection until Feb. 28 — shorter than requested
Troubled Asian crypto lender Vauld has received a further extension to its legal protection from creditors — albeit a shorter delay than requested. The company now has until Feb. 28 to explore o...
Coinflex says new exchange with 3AC founders won’t use GTX name after Twitter ridicule
Coinflex said that a proposed exchange for trading claims won’t use GTX for its name after a proposal to raise $25 for the project had been widely mocked on Crypto Twitter. “Buildin...
Bitcoin steady above $19,000 at the US close as traditional markets rise
Bitcoin was up o.6% at the close of U.S. markets, trading around $19,460 while traditional markets reversed earlier losses to close higher. The biggest cryptocurrency is up almost 16% over the ...
Digital asset-focused funds dominate top 14 equity ETFs: Bloomberg
Digital asset-focused trading funds comprised the top 14 equity exchange traded funds (ETFs) in 2023 (excluding leveraged funds), according to data compiled by Bloomberg. Some of the top perfor...
Scaramucci changes tone on FTX, says it’s clear there was fraud now
Anthony Scaramucci has done a 180 on FTX. “It’s very clear now that there was fraud,” the SkyBridge Capital founder told CNBC. “We’ll, of course, have to let the le...
Ignoring digital assets would be like sticking with paper over computers, BNY Mellon CEO says
BNY Mellon is committed to continue exploring the digital asset space, albeit cautiously. CEO Robin Vince said on an earnings call today that digital assets are the bank’s “longest-t...
Crypto execs agree lending needs to mature, outgrow its cliquish nature to thrive
Crypto lending needs to diversify if it hopes to thrive, according to panelists speaking at the CFC Conference in St Moritz. The bull cycle of 2021 marked a period of wild exuberance that sent t...