CRYPTOCURRENCY
Hedge Fund Manager to Disgorge $5.6M Illicit Profit, Faces Four-Year Disqualification
A hedge fund manager is ordered to return $5.6 million in illicit profits and faces a four-year disqualification for false trading activities.
Can Bitcoin Reach Robert Kiyosaki's $150k Prediction in the Near Future?
Robert Kiyosaki predicts Bitcoin's value to rise significantly, potentially reaching $150,000 and $1.2 million in five years, citing its potential as a hedge against inflation and economic instability.
Crypto Hedge Funds Thrive Despite Market Volatility, PwC Report Reveals
The latest PwC 5th Annual Global Crypto Hedge Fund Report, released in July 2023, unveils a thriving crypto hedge fund industry, demonstrating resilience and growth despite the inherent market volatility.
Microstrategy's Bitcoin Investment Turns Green Again
Microstrategy's Bitcoin investment has turned profitable again as BTC surpassed the critical resistance of $29,000 and hit a new 10-month high of $30,163. The company had accumulated 140,000 BTC for nearly $4.17 billion at an average price of $29,803 per BTC. After a 70% drop in BTC price during the crypto winter in 2022, the price has seen over a 55% increase in the first quarter of 2023, outperforming most traditional stocks and bonds.
NFTs belonging to bankrupt hedge fund to be sold by liquidators
The liquidators said the "Starry Night Portfolio" of NFTs would not be sold.
Hedge Funds Battle to Survive After FTX Exchange Collapse
The hedge fund discontinued its CoinShares consumer platform because to high marketing costs.
Hedge fund Galois Capital shuts down after FTX collapse
Kevin Zhou also wanted to market their bankruptcy claims to experts.
SEC plans to propose new rule changes that could impact crypto firms
The SEC is still deciding on a "qualified custodian."
Galois Capital Declares Half of its Funds is Stuck with FTX
Galois Capital has revealed it has significant exposure to the bankrupt FTX
Crypto Hedge Fund Protocol Ventures to Shut Down Amid Market Fraught
Protocol Ventures is another major crypto hedge fund falling into liquidation crisis after Three Arrows Capital.