Join Our Telegram channel to stay up to date on breaking news coverage According to a person with knowledge of the situation, cryptocurrency exchange FTX used customer assets worth billions of dollars...
Tag: Fund
Sequoia Says Investment in FTX Does Not Negatively Impact its Fund
Major venture capital firm Sequoia Capital has written down the value of its investment in the beleaguered crypto exchange FTX, to zero. Notably, the company was part of the investors who participated...
Ontario Teachers Fund Sank $95M in Failed FTX Empire
In Ontario, a teachers’ pension fund is swept up in the current crypto crisis following sizable investments in FTX over the past year. The Ontario Teachers’ Pension Plan Board, which oversees the fund...
Canada’s Teacher’s Pension Fund Faces Investment Issue in FTX’s Liquidity Crunch
Canada’s Ontario Teachers Pension Plan (OTPP) is in jeopardy due to its large investment in the cryptocurrency exchange FTX, which is currently facing a significant liquidity crunch. A recent report f...
FTX Foundation’s Future Fund team resigns, condemns exchange’s behavior
The team behind FTX Future Fund, a project of the FTX Foundation, has quit. “We were shocked and immensely saddened to learn of the recent events at FTX,” the team wrote in a post on...
Binance Shares Hot and Cold Wallet Crypto Addresses and Details About the SAFU Fund – Bitcoin News
After disclosing the trading platform Binance would share proof-of-reserves, the exchange published a blog post called “Our Commitment To Transparency.” The Binance blog post shares addresses tied to ...
Binance Shares Hot and Cold Wallet Crypto Addresses and Details About the SAFU Fund – Coinotizia
After disclosing the trading platform Binance would share proof-of-reserves, the exchange published a blog post called “Our Commitment To Transparency.” The Binance blog post shares addresses tied to ...
Embattled Crypto Exchange FTX Lent Billions in Customer Assets To Fund Alameda Research: Report
A new report claims that troubled crypto exchange platform FTX lent billions of dollars worth of its customers’ assets to fund its quantitative trading branch. According to The Wall Street Journal, FT...
Pet Diagnostics Startup Raises $5 Million In Financing, Led By Mars Venture Fund
Veterinarian exam dog’s ear at professional pet clinic getty MySimplePetLab, a pet health startup that sells home testing kits for dogs and cats, has received $5 million in Series A funding led ...
Binance Tops up Its Insurance Fund to $1 Billion Following FTX Crash
Binance’s CEO said the world’s largest cryptocurrency exchange increased its Secure Asset Fund for Users (SAFU) to $1 billion again. This comes as a result of the recent market plunge, and its purpose...
Binance tops up SAFU fund at $1 billion amid price fluctuations
As the liquidity crisis and acquisition of cryptocurrency exchange FTX continues, Binance CEO Changpeng “CZ” Zhao assured his community of insurance of sufficient funds backing the network. In a twee...
Crypto Exchange Binance Raises Its SAFU Fund To $1B Amid Price Swings
Recently, the crypto market has gotten into a tight tunnel as prices keep decreasing. Most crypto assets are moving to the south with little or no break. The bears are becoming too intense, and tensio...
Crypto Hedge Fund Galaxy Digital Reveals $76,800,000 Exposure to FTX Collapse
Crypto asset manager Galaxy Digital has revealed that it has tens of millions of dollars worth of exposure to embattled crypto exchange FTX. In a new quarterly financial update, Galaxy Digital says it...
Australian Crypto Fund Sells FTX (FTT) Tokens
Alex Dovbnya Things are seemingly getting worse for FTX (FTT) token DigitalX, an Australian cryptocurrency fund, has decided to liquidate its FTX (FTT) token holdings in light of the recent FTX/Binanc...
Canada’s third-largest pension fund invested in FTX at $32B valuation
The third-largest pension fund in Canada could suffer major losses as part of the FTX fallout. The Ontario Teachers’ Pension Plan was among a handful of investors that participated in a $400 million S...
Copper’s cold-storage insurance fund hits $500 million
Copper, an institution-grade crypto infrastructure provider, has $500 million of insurance for digital assets in cold storage. The cover uses a panel of specialty insurer Canopius-led insurers and was...
Binance tops up backstop fund with $215 million in bitcoin and BNB
Binance has topped up an emergency fund designed to protect users following pronounced volatility in crypto markets triggered by the exchange giant’s dispute with — and subsequent surprise rescu...
European crypto venture firm LeadBlock Partners hits first close of $150 million fund: Exclusive
LeadBlock Partners, a venture capital firm based in London and Paris, completed the first close of its new fund, which has a target value of $150 million (€150 million). Founded only two years a...
XRP Absorbs $1.1 Million in Fund Flows as Investors Bet on Ripple Side
Gamza Khanzadaev $1.1 million in funds flow into XRP as investor confidence in Ripple’s win grows According to crypto analytics portal CoinShares, XRP-focused investment products recorded inflow...
This Fund Thinks Southeast Asia Looks Ripe For Investment, And Here’s Why
S&P Global Market Intelligence predicts that the Asia-Pacific region will dominate the world’s growth in the coming year, generating positive real GDP while the U.S. and Europe likely fall i...
Stablecoin Issuer Circle Moves USDC Reserves Into Fund Managed by BlackRock
US-based peer-to-peer payments company Circle has moved some of its USD Coin (USDC) stablecoin reserves into a fund controlled by $10 trillion asset management firm BlackRock. In a blog post written b...
USDC Issuer Circle Plans To Pour Investment In Circle Reserve Fund Amid Bearish Market
The USDC issuer has started investing funds into its CRF (Circle Reserve Fund) to ensure that holders can redeem their coins when they want. Many crypto firms faced issues this 2022 due to the market ...
Circle Starts Moving USDC Reserves Into a Blackrock-Managed Fund, Firm Expects to Be ‘Fully Transitioned’ Next Year – Bitcoin News
According to the crypto firm Circle Internet Financial, the company is “deepening” its partnership with the world’s largest asset manager Blackrock. Circle disclosed that it has started to transfer US...
Blocto Backs Aptos With $3M Ecosystem Fund
Image source: Blocto The multichain wallet provider Blocto is building on its recent integration with the Aptos blockchain with the launch of a $3 million ecosystem fund that’s intended to help new Ap...
Cathie Wood’s new ARK Invest venture capital fund features Elon Musk’s Twitter as its biggest holding—and a lot of risk
Cathie Wood, founder of high-profile ARK Investment Management, is offering retail investors the chance to bet on Elon Musk’s risky $44 billion investment in Twitter. Investors can plow a minimum of $...
Crypto Investment Firm CoinFund to raise $250 million fund.
CoinFi is seeking to generate about $250 million fund. The fund is to be raised for a purpose of seed investments. Prior to this, the company also raised $300 million in venture capital funds. On Octo...
Circle To Invest in BlackRock Managed Circle Reserve Fund
10 seconds ago | 2 mins read Editors News Together with the asset manager, it established a government money market fund. The official blog article states that it will be exclusive to Circle. Circle, ...
Mark Cuban Backed Crypto Wallet Launches $3 Million Aptos Ecosystem Fund
A $3 million Aptos Ecosystem Fund has been unveiled by Mark Cuban-backed Blocto, a multichain wallet, with the aim of assisting in the onboarding of new Aptos users. The Aptos fund will be used to bac...
Circle Starts Investing in BlackRock-Developed Reserve Fund
The issuer of the stablecoin USDC – Circle – announced investing in the Circle Reserve Fund to manage a portion of the USDC reserves. The SEC-registered fund was set up by BlackRock, and its portfolio...
Circle starts pouring money into its Reserve Fund, aims to fill it in 2023
Circle, the issuer behind USD Coin (UDSC), announced that it has now begun to invest part of its funds in Circle Reserve Fund, created earlier in a partnership with the world’s largest asset manager, ...
Blocto Unveils $3M Aptos Ecosystem Fund for User Onboarding – crypto.news
Blocto has announced the launch of a $3 million Aptos(APT) Ecosystem Fund aimed at making it easier for projects to onboard new users to the Aptos blockchain. The fund will offer financial support to ...
Crypto hedge fund Arca shutters TerraUSD-exposed fund
Crypto hedge fund Arca shut down its $20 million Digital Yield Fund due to the current downturn in the market. The fund, which opened in September 2021, had exposure to TerraUSD but a source tol...