The chief executive of crypto asset management company Galaxy Digital, Mike Novogratz, thinks the majority of crypto hedge funds could be headed toward dark days in the future. Novogratz outlined his ...
Tag: funds
Crypto Hedge Funds Grew 150% in 2021; Greater Deployment Expected
More hedge funds are beginning to actively invest in the crypto market in anticipation of a bump in bitcoin’s price, says a new report. The report released by PwC shows that one-third of hedge funds a...
Best Mutual Funds Scoop Up These Stocks Instead Of Apple
Certain names are conspicuously absent from the latest list of new buys by the best mutual funds. Ravaged by the recent bear market, tech stocks like Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL) a...
Nearly 70% of crypto hedge funds to continue investing in digital assets despite choppy markets
Cryptocurrency hedge funds are expected to keep investing in digital assets despite the ongoing heightened market volatility. In this line, two-thirds of crypto hedge funds, at 67%, intend to pump mo...
How To Find The Best Style Mutual Funds 2Q22
asset statement showing diversification and pie chart with pen getty With an ever-growing list of similar-sounding mutual funds to choose from, finding the best is an increasingly difficult task. How ...
Ethereum close to its major upgrade, but why has it fallen more than bitcoin?
This article has been updated to correct the identification of Citadel Securities. Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m w...
Mike Novogratz Says Majority of Crypto Hedge Funds Will Fail
CEO of crypto investment firm Galaxy Digital and former hedge fund manager, Mike Novogratz, stated that two-thirds of the crypto hedge funds will fail as a result of the sharp downtown this year in th...
Mike Novogratz Says Most Crypto Hedge Funds Will Go Bust
Alex Dovbnya Mike Novogratz has gloomy prediction for cryptocurrency-oriented hedge funds At the Piper Sandler Global Exchange and Fintech Conference, Galaxy Digital CEO Mike Novogratz forecasted that...
Valkyrie Raises Funds Worth $11.15 M In Latest Strategic Funding Round
Valkyrie Investments has raised funds worth $11.15 million in the latest strategic funding round. Participants of the round include Belvedere Strategic Capital, C-Squared Ventures, SenaHill Partners, ...
Despite bearish trend, hedge funds are dipping their toes in crypto: PwC
Traditional hedge funds are slowly embracing cryptocurrency investments but are keeping their exposure limited as the market continues to mature, according to new research from PricewaterhouseCoopers,...
Galaxy Digital CEO Mike Novogratz: Majority Of Hedge Funds Might Fail
The cryptocurrency market’s ship is wobbling in the waters of price fluctuation right down as it has witnessed quite bearish trends in the recent past. The majority of hedge funds that inv...
Billionaire Mike Novogratz says two-thirds of crypto hedge funds will go bankrupt
The cryptocurrency market has been going through some hard times recently, seesawing between red and green trading on a daily basis and leading certain crypto bulls to give some bleak predictions conc...
The Stock Market’s Drop Is Worse Than It Looks. Here’s Why.
The stock market is sliding, and most stocks in the S&P 500 are lower. Getty Images Text size The stock market is having a bad day—and it’s even worse than it looks. The Dow Jones Industrial Avera...
Western Digital Said It Would Consider Breaking in Two. Its Stock Is Dropping.
Text size Activist investor Elliott Management says that Western Digital’s flash memory business alone could be worth as much as the whole company now. Dreamstime Western Digital stock, after an...
Oasis’ EVODeFi Bridge May Be Missing $66M in Funds
Key Takeaways EVODeFi, a bridge in the Oasis Protocol ecosystem, may be $66 million short of funds. EVODeFi responded to the turmoil by pausing the bridge on June 7. The Oasis Foundation has issued a ...
This big investor called inflation early and sees it above 7% at year’s end
Far from the bustle of Wall Street, inside his downtown Minneapolis office, Tim Magnusson got his first aching gut feeling about U.S. inflation in May of last year. That’s when U.S. government data sh...
MachineFi Lab To Activate Propulsion In IoT Data Collection For Web3: Raises Funds Worth $10 M
MachineFi Lab has raised $10 million in a seed funding round led by Samsung Next, Draper Dragon Fund, Samsung Next, and Jump Capital. MachineFi is a new model powered by Web3 in which intelligence and...
Crypto Exchange Gemini Hit With Lawsuit for Alleged Negligence Over $36,000,000 in Customer Funds
A retirement account trust company is suing the crypto exchange Gemini for failing to have the “proper safeguards in place” to protect its customers’ assets. IRA Financial Trust alleges hackers stole ...
Bitcoin-Based Funds See Inflows Returning
Inflows into cryptocurrency funds have largely returned over the past month, with investors betting that Bitcoin has already bottomed out. Over the course of May, weekly inflows into crypto funds aver...
Is Your 401(k) Tanking? Limit Your 2022 Losses With These Kinds of Funds
An exasperated investor checks his 401(k) on his tablet. If your 401(k) rode growth-oriented tech stocks to new heights in recent years, it may be time to change your investment strategy. With stock m...
Hungary to Tap International Markets as EU Blocks Funds
(Bloomberg) — Hungary plans to offer bonds in euros and dollars as Prime Minister Viktor Orban seeks alternatives to billions of euros in blocked European Union funding. Most Read from Bloomberg...
Reuters report says Lazarus Group used Binance to launder stolen funds
In September 2020, hackers from the North Korean Lazarus Group broke into Slovakian crypto exchange Eterbase and stole currency worth roughly $5.4 million. Using only encrypted email addresses, the ha...
These High-Yield Bond Funds Profit From The Fed
NEWPORT BEACH, CA., OCTOBER 1, 2014: PIMCO offices in Newport Beach where bond king Bill Gross used … [+] to work. Gross is now located in another tower(far right) down the street October 1, 201...
Bitcoin Funds Rake In New Money as Altcoin Funds Suffer
Ethereum funds continued their negative streak, marking nine consecutive weeks of outflows. Investors pulled out $32 million from funds that manage the second-largest cryptocurrency, ether (ETH), addi...
Asian Funds Are Skeptical About Digital Assets Despite Growing Global Adoption
Cryptocurrencies are no longer a fringe asset class like it was ten years ago after making their debut. However, wealth managers in Asia still view them with a measure of skepticism. Accenture, a prof...
Ethereum (ETH) Funds See Ninth Straight Weeks of Outflows, Signs of Worry?
Digital asset management and crypto investment tools provider – CoinShares – has recently published its weekly report giving a glimpse into the net fund flows into the crypto market for the last week....
Binance used to launder over $2.3 billion in illicit funds, investigation shows
The world’s largest cryptocurrency exchange Binance reportedly acted as a conduit to launder illicit money surpassing over $2.3 billion in five years. Binance was allegedly utilized by hackers, drug ...
This Is How The Terra Plans To Distribute LUNA Emergency Funds
Today, the Terra community published a fresh suggestion for how the relaunched network should distribute LUNA tokens to its large developer community. The “Proposed distribution method for 0.5% emerge...
PoolTogether completes $1.4 million legal funds
PoolTogether has finally reached the maximum earmarked figure for protection fund after receiving backing from the DeFi group. The goal was hit after the firm sold NFTs picked out for that purpose. Ac...