According to the China Financial Association, the Digital Currency Research Institute of the People’s Bank of China has launched a digital renminbi smart contract prepaid fund management product...
Tag: Fund
British Hedge Fund Hires Crypto Quant – Trustnodes
Winton, a British investment management hedge fund with $8 billion in assets under management, is expanding its operations to crypto. The hedge fund has added a Crypto Quant Researcher to their London...
Asset Manager Brevan Howard Reveals Details About Its Record-Setting $1B Crypto Hedge Fund
Brevan Howard, which had $25 billion in total assets under management as of July, submitted a filing for the Digital Asset Multi-Strategy Fund Ltd hedge fund, which has raised $184.15 million since sa...
$42,000,000,000 Alternative Investment Firm Hires Crypto Guru To Head First Blockchain Fund
Leading alternative investment firm Investcorp has appointed former executive of digital bank ING Hervé François as the new lead of the firm’s inaugural blockchain-focused fund. François says that he ...
‘They don’t have a clue about money.’ My daughter has a spending problem, and her husband, who has a trust fund until he’s 30, says yes to everything she wants. But what happens when the money runs out? Do they need professional help?
How to find the right financial adviser for your needs. Getty Images Question: I just went through six weeks of trying to help my daughter and son-in-law buy a house. They don’t have a clue about mone...
Bankrupt Crypto Fund 3AC Withdraws $45M from Curve Finance, Convex
The crypto hedge fund owed $3.5 billion to 27 crypto companies at the time of its bankruptcy Restructuring firm Teneo says “inappropriate to comment” on speculation surrounding 3AC’s transactions Cryp...
A Decentralized Way to Fund Scientific Discoveries
The Science DAO is a decentralized think tank, incubator engine, and accelerator platform that aims to empower inventors, entrepreneurs, and institutions to collaborate and make informed investments i...
International Monetary Fund Says Crypto Assets Have Mainstream Presence
The crypto ecosystem is evolving very rapidly. Regulators are now finding it hard to keep up with the regulation strategies. In the sight of this, the International Monetary Fund (IMF) published a rep...
Exiled Myanmar democratic leaders want to issue CBDC to fund the revolution
Half a year after the military junta in Myanmar revealed its plans to launch a digital currency, the country’s government, ousted in a coup in 2021, voiced its own intention to launch one using frozen...
Former ING Crypto Lead To Helm Investcorp’s First Blockchain Fund
François left his role as ING’s blockchain and digital assets lead last month after serving in the post for nearly eight years The executive will work with early-stage startups involved in segments su...
How much cash you need in an emergency fund at every career stage
Nirunya Juntoomma | Istock | Getty Images If you’re feeling unsteady amid stock market volatility, high inflation and rising interest rates, you may wonder how much cash you really need to have ...
Rising Pressure on Profits Darkens Outlook for Tech Shares
Micron Technology is among the companies that have warned about softening PC demand. Courtesy Micron Text size In early summer, I wrote a Tech Trader column previewing the June quarter earnings season...
ETF or mutual fund — which is better?
Q.: I have read that one should always use ETFs instead of regular mutual funds and I’ve read one should never use ETFs and read that it doesn’t matter. What is your viewpoint on funds v ETFs? —Ted in...
Fund Up 21% a Year Since 1997 Buys Brazil Stocks Before Vote
(Bloomberg) — A Brazilian fund with annualized returns of 21% since 1997 is piling into local stocks after they sank to the lowest in more than a decade, shrugging off concern over a divisive pr...
Investors Are Suing Companies Over This Poor-Performing Retirement Fund. Do You Have One?
Target-date funds may be cramping your retirement. Between July 29 and Aug. 2, lawyers representing current and past participants in six separate retirement plans filed suit against their employers an...
Celsius expects to receive $70M loan repayment to fund operations beyond November
Crypto lender Celsius expects $70 million from loan repayments that will extend its runway cost beyond November. The cash flow forecast submitted by Celsius during the bankruptcy hearing on Sept. 1 di...
SEC, CFTC propose amendments for large hedge fund crypto reporting
US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have jointly proposed an amendment to Form PF. The proposal seeks to distinguish between “digital assets...
Celsius Seeks To Open Custodian Account Fund Withdrawals, Files Motion
Bankruptcy ridden crypto company Celsius had on Thursday filed a motion seeking to reopen customer withdrawals. The motion sought entry of an order authorizing the debtors to reopen withdrawals for cu...
Reddit Co-Founder Ohanian to Raise Money for New Crypto Fund
Reddit co-founder Alexis Ohanian is eyeing $177.60 million for its new crypto venture, Kryptós. Alexis Ohanian’s venture capital firm Seven Seven Six is looking to raise $177.6 million for its new fun...
Reddit Co-Founder Ohanian’s Firm Launches $177M Crypto Fund
Reddit co-founder Alexis Ohanian’s venture capital firm Seven Seven Six is planning to raise $177.60 million for a new crypto-focused fund called Kryptós. “Now is potentially a unique opportunity to ...
Reddit Co-founder’s VC Fund To Invest $177 Million In Crypto
Kryptós fund will primarily invest in cryptocurrencies that trade at more affordable rates Investors in the fund will be charged a 2.5% management fee Investments in blockchain startups spiked over 6...
Reddit Founder’s VC To Raise $177M For Crypto Fund
Seven Seven Six, the venture capital firm run by Reddit co-founder Alexis Ohanian is launching a $177 million crypto fund. New Crypto Fund For “Discount Investments” Kryptós, the first crypto-focused...
Outspoken China Analyst to Join Hedge Fund as Chief Economist
(Bloomberg) — Hong Hao, the former China strategist at Bocom International Holdings Co. who resigned earlier this year following bearish reports on the country, will be joining a Shanghai-based ...
Top execs from Genesis and Galaxy are raising a $500 million fund
Leading executives for crypto investment and trading firms Galaxy Digital and Genesis are raising $500 million for a new crypto fund called DBA Crypto, according to a Securities and Exchange Commissio...
Web3.0 Game Developer Xterio Secures $40M Fund from FunPlus
Web3.0 game developer Xterio has secured $40 million in a new funding round which took the Swiss startup’s valuation to $300 million. As announced by the firm on Tuesday, the funding round was c...
‘We need to learn what regulation works and what holds us back’ — Hedge fund exec
With more institutions joining the Web3 space, regulation has been identified as one of the trickier challenges that can either smother creativity or become a catalyst to broader adoption. In an inte...
Reddit Co-Founder Alexis Ohanian’s Seven Seven Six Targets $177M for a Crypto-Centric Fund Called Kryptós – Finance Bitcoin News
According to a recent report, the venture capital firm founded by Alexis Ohanian, Seven Seven Six, is planning to raise $177 million for a new crypto-centric fund. The new Seven Seven Six fund called ...
Seven Seven Six To Launch $177M Crypto Fund
The latest fund, Kryptós, will launch in October this year Investments will likely be in early-stage Web3 companies and cryptocurrency tokens A digital assets-focused venture capital firm led by Reddi...
Reddit co-founder’s VC fund to invest $177 million into crypto sector as ‘everything is on sale’
Seven Seven Six, the venture capital (VC) firm by Reddit co-founder Alexis Ohanian is planning to make its first direct entry into the crypto space, aiming to raise a $177.6 million fund. The fund du...
Bitcoin’s a Speculative Asset With No Utility Claims Crypto Fund CIO – crypto.news
Cyber Capital CIO, Justin Bons has become the latest critic of bitcoin (BTC) after taking to his Twitter handle on August 28, 2022, to describe the flagship crypto as one of the worst cryptocurrencies...
Polygon founder secures $50M for Web3 fund
Polygon is one of the most prominent investors in the Web 3 and crypto sector. The founder of Polygon, Sandeep Nailwal, has secured $500 million in funding for a new startup dedicated to Web 3.0 compa...