Ripple, the XRP digital asset payment service provider, was threatened with the release of allegedly damaging videos unless it paid $1.5 million.
Tim Draper’s Draper Goren Holm Raises $25M for Blockchain Venture Fund
Draper Goren Holm, technology investor Tim Draper’s blockchain investment firm, will juggle a startup accelerator and a venture capital fund.
IMF, World Bank, G7 Countries to Create Central Bank Digital Currency Rules
The United States, Canada, Britain, Germany, France, Italy and Japan will institute national digital currency banking standards with the International Monetary Fund and World Bank.
Pantera Capital’s First Venture Fund Did Pretty Well. Its Second Fund? Not So Much
Pantera Capital’s venture capital returns, which have fallen by almost threefold, are beating startup investors but lagging the stock market.
China Central Bank Official Reveals Results of First Digital Yuan Pilots
An official for China’s central bank has unveiled usage statistics of state-backed digital currency trials that were conducted in three Chinese cities. Speaking virtually at the Sibos 2020 conference on Monday, Fan Yifei, deputy governor of the People’s Bank of China, said the bank opened 113,300 consumer digital wallets and 8,859 corporate digital wallets for […]
Fidelity, Vanguard, Schwab Funds Have Been Loading Up on Crypto Mining Stocks
Stock of three major cryptocurrency mining firms are appearing in Fidelity, Vanguard and Charles Schwab mutual funds.
Hackers Drain KuCoin Crypto Exchange’s Funds
Kucoin, a Singaporean cryptocurrency exchange, disclosed that it was hacked and plans on reimbursing customers whose funds were stolen.
Pantera Capital Crypto Funds Report 100% Returns Amid DeFi Craze
Investments in decentralized finance (DeFi) drove returns exceeding 100% this year to Pantera Capital’s bitcoin index and altcoin hedge funds.
Chamath Palihapitiya’s Social Capital Holds Bitcoin From 2013 Amid Talk of Public Listing
Social Capital, the Silicon Valley venture capital and private equity investment office started by an early Facebook vice president, has held bitcoin since 2013.
Former HSBC, Citigroup, Merrill Lynch Execs Start $50M Crypto Fund
Liquibit Capital is also said to be managed by a former Barclays Capital vice president and two current JPMorgan and Wells Fargo technicians.
Ethereum Tokens Worth $1B Vulnerable to ‘Fake Deposit Attack’
A software bug that deposits fake balances into cryptocurrency exchange wallets has been detected in 7,772 ERC-20 tokens worth over $1 billion.
Hacker Stole 1,000 Traders’ Personal Data From Crypto Tax Reporting Service
A hacker made off with user data and financial information on more than 1,000 account holders with CryptoTrader.Tax, a crypto tax filing website.
Crypto Hedge Fund Neural Capital Closes After Losing Half Its Money
Neural Capital, a hedge fund that traded cryptocurrency assets, has quietly shuttered.
Tetras Capital Shuts Down Crypto Hedge Fund After 75% Loss
Tetras Capital, once a $33 million crypto hedge fund, is shutting down due to negative returns.
Cambrian Raises $4M to Run $25M Crypto Quant Fund
Cambrian has landed $4 million of operating capital from high-flying technology and finance investors to help run its $25 million data-driven crypto-trading fund.
Tron Arbitration Challenged in Hostile Work Environment Lawsuit
Two technology developers are trying to keep their workplace harassment lawsuit against the Tron Foundation in a court rather than arbitration.
Brazilian Hedge Fund Still Down 56%, Despite 16 Months of Crypto Gains
BLP Asset Management’s returns are a reminder that cryptocurrency funds that took a hit in 2018 when prices of digital currencies crashed have a harder time getting back to sea level than those buoyed by 2017’s cresting market gains.
Ex-Kraken Trading Head Leads Crypto Quant Fund With $23M in Assets, $2.3B in Trades
A little-known virtual currency fund heavy on math and statistics is turning a steady profit under a lead trader who once oversaw a major cryptocurrency exchange.
Ex-Kraken Trading Head Leads Crypto Quant Fund With $23M in Assets, $2.3B in Trades
A little-known virtual currency fund heavy on math and statistics is turning a steady profit under a lead trader who once oversaw a major cryptocurrency exchange.
Defying Corona Crash, BlockTower Crypto Fund Stretches 30% Total Return to 73%
When coronavirus shutdowns roiled financial markets, BlockTower Capital more than doubled its cryptocurrency hedge fund’s previously so-so returns.
