Aussie crypto fund manager sentenced to 7 years for stealing $54M from investors

Stefan He Qin, the founder of two cryptocurrency hedge funds has been sentenced to more than seven years in prison after U.S. authorities found that he cheated investors out of $54 million, A Sept. 15 statement from the U.S. Department of Justice (DoJ) announced that U.S. District Judge Valerie Caproni handed Qin a 90 month… Continue reading Aussie crypto fund manager sentenced to 7 years for stealing $54M from investors

Major UK hedge fund Brevan Howard launches crypto division

Brevan Howard, a United Kingdom-based hedge fund, plans to “significantly expand” its cryptocurrency and digital assets, according to a new report from Reuters. Chief Executive Aron Landy, who has been at Brevan’s helm since its co-founder and long-time crypto backer Alan Howard stepped down in 2019, has stated that the firm has a “commitment to rapidly expanding… Continue reading Major UK hedge fund Brevan Howard launches crypto division

New fund aims to put hundreds of millions toward Algorand DeFi growth

Decentralized finance, or DeFi, has developed significantly over the past two years. The Algorand Foundation has unveiled a new fund positioned to allocate money toward certain DeFi projects looking to build on its native blockchain. The pool of capital is called the Viridis DeFi fund and is headed up by the Algorand Foundation — a… Continue reading New fund aims to put hundreds of millions toward Algorand DeFi growth

Fintech Platform One Raises $40 Million in Series B Funding

The financial technology company, One, announced today that the company has secured $40 million in funding to expand its digital banking-related product offerings for the middle-class. Progressive Investment Company, the US-based investment firm, led the latest Series B funding round of One. Other investors including Obvious Ventures, Foundation Capital, and Core Innovation Capital also joined… Continue reading Fintech Platform One Raises $40 Million in Series B Funding

Galaxy Digital backs $50M funding round for crypto staking outfit Figment

Mike Novogratz’s investment management firm Galaxy Digital has reportedly participated in a $50 million funding round for Figment, a crypto staking startup. According to Bloomberg on Monday, Galaxy Digital joined investors like Anchorage and Bonfire Ventures in a Series B funding round led by Senator Investment Group and Liberty City Ventures. The company is now… Continue reading Galaxy Digital backs $50M funding round for crypto staking outfit Figment

Galaxy Digital backs $50M funding round for crypto staking outfit Figment

Mike Novogratz’s investment management firm Galaxy Digital has reportedly participated in a $50 million funding round for Figment, a crypto staking startup. According to Bloomberg on Monday, Galaxy Digital joined investors like Anchorage and Bonfire Ventures in a Series B funding round led by Senator Investment Group and Liberty City Ventures. The company is now… Continue reading Galaxy Digital backs $50M funding round for crypto staking outfit Figment

$402 Billion Investment Fund Set for Bitcoin (BTC), Ether (ETH) Exposure

New York-based multi-billion dollar private investment management firm Neuberger Berman, will be offering exposure to cryptocurrencies such as bitcoin and ether.  Neuberger Berman Targets Bitcoin Derivatives The investment giant made a filing with the US Securities and Exchange Commission  (SEC) on Wednesday (August 11, 2021) for its Commodity Strategy Fund to gain indirect exposure to… Continue reading $402 Billion Investment Fund Set for Bitcoin (BTC), Ether (ETH) Exposure

Hedge Fund Bitcoining Investment Strategies While State Street Moves In

GoldenTree a hedge fund with $41 billion in assets under management specializing in high yield bonds, leveraged loans, distressed products and emerging markets debt, has began using bitcoin in their investment strategies. “The New York-based firm has been adding Bitcoin to its balance sheet as a diversifier for the broad mix of debt-focused strategies,” says… Continue reading Hedge Fund Bitcoining Investment Strategies While State Street Moves In

HSBC fund arm backs former Rosenberg Equities CEO in ESG start-up

LONDON (Reuters) – HSBC Asset Management, the fund arm of Britain’s biggest bank, said on Thursday it would take a minority stake in women-led U.S.-based environmental, social and governance-focused asset management start-up RadiantESG.FILE PHOTO: The HSBC bank logo is seen in the Canary Wharf financial district in London, Britain, March 3, 2016. REUTERS/Reinhard KrauseThe move… Continue reading HSBC fund arm backs former Rosenberg Equities CEO in ESG start-up

$22B hedge fund Point72 reportedly searching for a “head of crypto”

New York billionaire Steven Cohen’s hedge fund Point72 Asset Management, is reportedly searching for a “head of crypto.” Cohen, the 65-year-old dubbed the “Hedge Fund King”, founded Point72 in 1992 and it has approximately $22.1 billion worth of assets under management. The investor also owns the New York Mets Major League Baseball team. The Street… Continue reading $22B hedge fund Point72 reportedly searching for a “head of crypto”

Hedge fund that shorted GameStop closes as $1.13B GME stock offer completes

One of the hedge funds badly burned in the infamous GME social media-driven short squeeze is closing down, while GameStop itself has just completed its $1.13-billion equity offering. According to the Financial Times, London-based White Square Capital, operated by Florian Kronawitter, has closed its main fund and will return capital to investors. White Square Capital… Continue reading Hedge fund that shorted GameStop closes as $1.13B GME stock offer completes

State urged to fund walking, cycling projects or miss targets

The Andrews government is facing calls to pour more cash into walking and cycling paths in the wake of targets it set to boost active modes of travel under its new climate strategy. There was less funding for walking and cycling projects in this year’s state budget compared with the previous year, despite warnings that… Continue reading State urged to fund walking, cycling projects or miss targets

Gain Exclusively With FBC Fund: How Valid?

It is the desire of every investor to have their capital yielding them an impressive income. Of course, this is the major aim of every investor. FBC Fund, a UK-based investment platform has come to grant higher chances of possibilities to this investment goal as it offers fair and transparent profits for all its users.… Continue reading Gain Exclusively With FBC Fund: How Valid?

A $1 billion crypto fund could be on its way from Andreessen Horowitz

Building on its previous crypto involvement, VC firm Andreessen Horowitz is now reportedly gathering thunder for another fund, according to an article from the Financial Times, or FT. “The new fund, Andreessen’s third that is focused on cryptocurrency investments, is aiming to raise between $800m and $1bn from investors, according to four people with knowledge… Continue reading A $1 billion crypto fund could be on its way from Andreessen Horowitz

UK hedge fund reportedly plans to invest $84M in crypto

Brevan Howard, a United Kingdom-based asset management firm, is reportedly planning to directly invest in digital assets after more than a year of exposure to the crypto space. According to a Bloomberg report, Brevan Howard Asset Management will be allocating 1.5% of the $5.6 billion in its main hedge fund to crypto — roughly $84… Continue reading UK hedge fund reportedly plans to invest $84M in crypto

Mark Carnegie’s Crypto Fund Eyes Massive Returns

Mark Carnegie, the world-renowned Venture Capital Investor and entrepreneur hailing from Australia, plans to launch an unlisted cryptocurrency fund. Mr. Carnegie’s MHC Fund will use a bold combination of complex DeFi (Decentralized Finance) and Crypto-Trading strategies to generate a massive 30 per cent annual return for investors. From his holiday home in Madagascar, Mr. Carnegie,… Continue reading Mark Carnegie’s Crypto Fund Eyes Massive Returns

DeFi mutual fund Sheesha Finance raises $9.4M

Sheesha Finance, a decentralized finance mutual fund based in the United Arab Emirates, has raised $9.44 million over a two-week token sale — underscoring heightened investor demand for DeFi applications. The token sale, known as a liquidity generation event, or LGE, excluded private sales and early contribution bonuses, which allowed micro-investments of as little as… Continue reading DeFi mutual fund Sheesha Finance raises $9.4M

Celebrity VC fund unveils $1m NFT contest judged by Snoop Dogg and Mark Cuban

Sound Ventures, a venture capital fund comprising celebrities, musicians, and a billionaire, are offering at least $1 million for the “most innovative” idea for a nonfungible token, or NFT over the next week. Announced on April 5, the event invites anyone from around the world to pitch their NFT project to a team of eight… Continue reading Celebrity VC fund unveils $1m NFT contest judged by Snoop Dogg and Mark Cuban

Dubai-Based Crypto Fund to Sell $750m of Bitcoin to Buy ADA & DOT

The Dubai-based global cryptocurrency investment fund FD7 is will be selling off $750 Million worth of Bitcoins and use the fund towards investment in Polkadot’s DOT and Cardano’s ADA. The main reason behind the move is said to be the need for diversified investment portfolios, it is only rational to make various investments in the… Continue reading Dubai-Based Crypto Fund to Sell $750m of Bitcoin to Buy ADA & DOT

Billion Dollar Fund Invests In Stratis Protocol

Alphabit, a billion-dollar fund, has invested in the Stratis Protocol, with a firm commitment of injecting millions of dollars over the next two years. This will significantly help in the growth and development of Stratis, which is a Blockchain-as-a-Solution (BaaS) platform. As Stratis CEO Chris Trew puts it: “We are thrilled to partner with Alphabit,… Continue reading Billion Dollar Fund Invests In Stratis Protocol