Michael Novogratz’s Galaxy Firm Is Launching New Bitcoin Funds October 25, 2019

Michael Novogratz, Galaxy Digital CEO and chairman, spoke to CNBC’s Squawk Box where he said that a new Bitcoin (BTC) fund was in the works. Novogratz alludes to new funds in interview On Oct. 24, Novogratz hinted that Galaxy Digital Asset Management has plans to launch a new Bitcoin fund to allow people easy access […]

Harbor Tokenizes $100 Million in Real Estate Funds on Ethereum Blockchain September 17, 2019

The startup Harbor announced a partnership with Seattle-based real estate investment firm iCap Equity to tokenize $100 million in real estate funds. On Sept. 16, Harbor announced in a blog post that iCap Equity is using Harbor’s blockchain-enabled platform to improve its liquidity in four of its real estate funds which manages over $100 million […]

0x DEX Protocol Suspended Because of Vulnerability, Funds Safe July 13, 2019

The Ethereum (ETH) smart contract of 0x (ZRX) decentralized exchange (DEX) protocol has been suspended after a vulnerability has been uncovered in its code, the project’s team announced in a Medium post published on July 13. Per the announcement, third-party security researcher samczsun warned the 0x team about the vulnerability in the exchange smart contract […]

Sophisticated Trading Bot Exploits Synthetix Oracle, Funds Recovered July 5, 2019

When Ethereum-based synthetic asset issuance platform Synthetix, which allows users to mint and trade synthetic currencies in a peer-to-peer fashion, lost track of more than 37 million synthetic Ether (sETH) on June 24, the company stopped all trading on its platform. While users only lost trading access for 24 hours, the event led to trades […]

Arca Funds Files With SEC to Issue Stablecoin-Like Digitized Shares on ETH Blockchain April 16, 2019

Arca Funds, an American institutional-grade investment manager, is seeking regulatory approval to issue digitized securities on blockchain, according to a filing document released on April 12. The company has filed with the United States Securities and Exchange Commission (SEC) to issue its Arca UST Coins — digitized shares that will be authenticated and then recorded […]

Major Stablecoin Basis to Close, Return Funds to Investors: Sources December 13, 2018

Major United States-based stablecoin project Basis will shut down operations and return most of its funds to investors, crypto news outlet The Block reports today, Dec. 12. Citing “multiple people with direct knowledge of the situation,” the reports states that the algorithmic stablecoin project is set to return the majority of the $133 million in […]

NYSE Owner: Bitcoin Should Be in Retirement Funds, Credit Cards, Retail Stores August 4, 2018

News Intercontinental Exchange (ICE), owner of arguably the most important stock exchange in the world, the New York Stock Exchange (NYSE), is introducing a new company, Bakkt. The idea is to weave bitcoin into 401(k)s, credit cards, and retail. The project is getting a lot of hype due in large measure to two very powerful […]

Crypto Mining Firm CEO Exit Scams with $35 Million in Investor Funds July 30, 2018

The CEO of Sky Mining, a crypto mining company in Vietnam, has disappeared with investor funds totaling about $35 million, according to a local news outlet. About 20 investors of Sky Mining reported the matter to the local police in the Phú Nhuận District after learning that “approximately 600 mining machines had been removed” by […]

Crypto Mining CEO Said to Disappear With $35 Million In Funds July 30, 2018

The chief executive of a cryptocurrency mining startup has reportedly disappeared with $35 million in client investments, Newsweek reported Monday. Le Minh Tam, head of Vietnam-based Sky Mining, has been missing since July 26, according to the report. The startup, which claimed it would rent crypto miners to investors for between $100 and $5,000, received […]

Vietnamese Regulator Tells Firms and Funds to Stay Away From Crypto July 26, 2018

Regulation Vietnam’s securities watchdog has required local businesses not to engage in transactions with cryptocurrencies. The announcement follows a directive issued by the country’s prime minister earlier this year aimed at tightening what Vietnamese regulators call the management of crypto activities. Also read: China Releases Ranking of 31 Crypto Projects Securities Watchdog Asks Companies to […]