“This is a wrapper for the USDC reserve that brings benefits of that wrapper to the USDC and the ecosystem,” said Circle Chief Financial Officer Jeremy Fox-Geen, in an interview with CoinD...
Tag: Fund
Circle Begins Putting Money into Its Reserve Fund, Plans to Have It Fully Stocked by 2023
According to Circle, the assets will be kept at the Bank of New York Mellon, where the fund will be governed under the Investment Company Act of 1940, which calls for an independent board and daily po...
Three Arrows Capital Received $1 Million in ETH, Proving That Fund Has Hidden Assets
The notorious crypto fund that filed bankruptcy after Bitcoin’s plunge to $21,000 surprisingly received $1 million on Ethereum from one of its exchange addresses. Such activity makes one wonder ...
Circle to put a portion of USDC reserves into new BlackRock fund
Circle, the issuer of the stablecoin USDC, set up a new fund with BlackRock to help manage the stablecoin’s reserves. Circle will place a portion of USDC reserves into the Circle Reserve F...
Mark Cuban-Backed Multichain Wallet Launches $3 Million Aptos Ecosystem Fund to Onboard New Users – Featured Bitcoin News
Blocto, a multichain wallet has announced the launch of a $3 million Aptos Ecosystem Fund whose objective is to help onboard new users to Aptos. Besides financially supporting projects, the Aptos fund...
A major hedge fund just warned that hyperinflation could lead to ‘global societal collapse’—and it blames the central bank
The world’s worst financial crisis in decades may be right on our doorstep. Rising inflation and the largest interest rate hikes globally in two decades have set the stage for the biggest economic uph...
Crypto Wallet Blocto Launches $3M Fund for Aptos-Based Projects
Blocto was founded in Taipei in 2019 by parent company portto and offers a wallet application and ecosystem that aims to make it easier for new users to enter the Web3 space through features such as e...
Fairholme Fund Buys Berkshire, Adds To 2 Positions
Summary The fund entered a position in Bershire Hathaway. It also boosted its holdings of Enterprise Products Partners and Commercial MetalsCMC . The Freddie Mac investment was reduced. Last week, the...
Game Space establishes GameFi Future Fund with an initial $10 million to support GameFi 3.0
Game Space, the first GameFi as a Service (GaaS) platform in the industry, announced the establishment of the GameFi Future Fund with a focus on the next generation of GameFi 3.0. The Foundation will ...
Hedge fund giant Elliott warns looming hyperinflation could lead to ‘global societal collapse’
“Investors should not assume they have ‘seen everything’” That was from executives at leading hedge fund Elliott Management, who warned that the world is heading towards the worst financial crisis sin...
Multichain wallet Blocto announced a $3 million Aptos Ecosystem Fund
Multichain crypto wallet Blocto has launched a $3 million Aptos Ecosystem Fund to help new Aptos users onboard. The news comes days after Blocto’s successful integration of Aptos. Blocto has already s...
Crypto Hedge Fund Protocol Ventures to Shut Down Amid Market Fraught
Protocol Ventures LP, a major US crypto hedge fund, has announced plans to close down its business and return cash to investors following the plunge in the market for digital assets, according to peop...
Trovio Group Has Just Launched a $35 Million Defi Fund…
A $35 Trovio DeFi Fund has been launched by Trovio Group, the top hybrid asset manager in Asia Pacific and an architect of technological solutions. This was made possible with the support of Yield App...
Whales Respond to SHIB Price Surge with Astonishing Fund Movements
Yuri Molchan As price of SHIB made massive jump, whales started moving staggering lumps of this meme coin Contents Whales shovel 360 billion Shiba Top ETH wallets buy $6 million worth of SHIB The seco...
Brazil Hedge Fund Says Petrobras Shares Can Soar 50% in Best-Case Scenario
(Bloomberg) — Shares of Brazilian state-owned oil company Petroleo Brasileiro SA are cheap and have room to rise no matter who wins Sunday’s presidential runoff vote, according to local hedge fu...
New Survey Shows Nearly 50% Of Millennials And Gen Z Want Bitcoin, Cryptos In Their Retirement Fund ⋆ ZyCrypto
Advertisement     Gen Z and Millennials want bitcoin and other crypto assets added to their 401(k) amid its volatile nature. A study reveals that 43% of Gen Z and 47%...
Another Cathie Wood Fund Exits Sea After $175 Billion Selloff
(Bloomberg) — Funds managed by Cathie Wood are exiting the beleaguered Southeast Asian e-commerce giant Sea Ltd. one by one. Ark Next Generation Internet ETF on Thursday sold its last few shares...
Tony Stewart, Shirley Muldowney Honored By The Buoniconti Fund To Cure Paralysis
Tony Stewart (right) speaks with Darrell Gwynn, a world champion drag racer who was paralyzed during … [+] a racing incident. Buoniconti Fund to Cure Paralysis Darrell Gwynn was introduced to th...
Crypto Fund Raises $20 Million – Trustnodes
The Crypto Asset Fund has raised $18.14 million from 42 accredited investors whom have contributed a minimum of $100,000 each. The fund run by Timothy Enneking aims to invest in a diversified pool of ...
Here’s How Much a16z’ Largest Crypto Fund Is Down: WSJ
Venture capital giant Andreessen Horowitz, also known as a16z, has been affected by the ongoing crypto winter, with the company’s flagship cryptocurrency fund losing nearly half of its value in the fi...
Flagship Andreessen Horowitz Crypto Fund Lost 40% in First Half of 2022: WSJ
The report comes months after the firm announced the biggest crypto venture fund in history Before this year’s drop in performance, Crypto Fund I had been one of a16z’s highest-performing investments ...
Stock pickers are still positioned for a Fed ‘soft landing,’ mutual fund holdings show
Traders on the floor of the NYSE, Oct. 21, 2022. Source: NYSE Professional stock pickers are still betting that the U.S. economy could skirt a recession, according to Bank of America analysis. Activel...
a16z dials back crypto investing as flagship fund gets rekt
Crypto-loving Andreessen Horowitz (a16z) has had a rough year, reporting a 40% drop in its flagship crypto fund in the first half of 2022 — yet execs continue to regurgitate unwavering loyalty to its ...
Singapore to Ban Retail Investors From Borrowing to Fund Crypto Purchases
The Monetary Authority of Singapore (MAS), the country’s central bank, is proposing a new measure that will prohibit retail investors from borrowing to fund crypto asset purchases, as part of its effo...
A16z’s Largest Crypto Fund Loses 40% Value in First Half of 2022: Report
The new fund was formed during a lull in the cryptocurrency market, with the largest assets like bitcoin and ethereum shedding over 70% of their value since the fourth quarter of 2021. More speculativ...
Ripple Open Applications For Third Wave For Its $250 Million NFT Creator Fund
– Advertisement – Ripple is not planning to back down in its quest to support NFT creators building on XRP Ledger. Days after signing the second wave of recipients to receive its $250 mill...
Near Foundation sets up $40M fund to bail out USN investors in case of collapse
Near Protocol’s in-house stablecoin, USN, recently became undercollateralized, forcing Near Foundation to recommend winding down USN to prevent a situation similar to the Terra (LUNA) and TerraUSD (US...
Near Foundation launches a $40M fund to cushion USN stablecoin investors
Join Our Telegram channel to stay up to date on breaking news coverage After the USN stablecoin was undercollateralized, the Near Foundation proposed winding down the in-house stablecoin to ensure tha...
Crypto Hedge Fund Taps Former BlackRock CIO as Strategy Head
Opportunity comes from inefficiencies, of which the crypto space has an increasing number, McBrady tells Blockworks The firm is finishing the rebuild of its trading infrastructure to better ingest a b...
Opinion: Oil companies can’t just ‘drill baby drill’ at will. Here’s what it really takes to ramp up energy production.
As energy prices rage, President Biden and Republicans have urged companies to increase drilling to lower oil and gasoline prices from 14-year highs. But it’s not that simple. Even after permits are a...