Blockchain benefits the supply chain industry by enhancing the traceability, transparency and tradability of goods and services that move along the value chain. The future of blockchain-based supply chain? The demand for the blockchain-based supply chain is driven by customers’ need to know the specific source of their items and whether they were made according…
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Some challenged whether the multi-billion dollar venture capital firm did enough due diligence on FTX prior to investment. The co-founder of asset management firm Paradigm says they feel “deep regret” for having invested in FTX amid recent revelations involving FTX, Alameda Research, and Sam Bankman-Fried. In a Twitter post on Nov. 15, Matt Huang, co-founder…
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Crypto asset management firm Grayscale has added three new crypto assets to its funds and has kicked SushiSwap and Synthetix from its DeFi Fund following its first quarterly rebalance. Digital asset management firm Grayscale, has added three new cryptocurrency assets across three main investment funds, while removing two other assets from its Decentralized Finance Fund…
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The Bitcoin assets under management (AUM) market fell 9.5% to $48.7 billion in November while altcoin-based crypto funds such as Ether saw their AUM rise 5.4% to $16.6 billion. While Bitcoin’s (BTC) position as a viable hedge against fiat inflation continues to attract investors, new data reflects a change in sentiment as Ethereum (ETH) and…
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The SEC claimed any rule change in favor of approving the ETF would not be “‘designed to prevent fraudulent and manipulative acts and practices” nor “protect investors and the public interest.” The United States Securities and Exchange Commission, or SEC, has officially disapproved asset manager VanEck’s spot Bitcoin exchange-traded fund months after the firm submitted…
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With more than $1.4 trillion in assets under management, Franklin Templeton is one of the world’s largest independent asset managers. Franklin Templeton became the latest investment company to go on a cryptocurrency hiring spree by posting fresh job applications seeking crypto professionals. The American asset manager is looking for two mid-senior level experts to lead…
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Goldman Sachs’ Gary Black closed his TSLA position after the company purchased $1.5B in BTC, dodging a 28% crash. Now he’s calling for the company to dump Bitcoin for share buybacks. A former equities CIO of Goldman Sachs drew an strong response on Twitter after suggesting Tesla should sell its Bitcoin and buy back company shares.…
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Arca will use the funding to beef up its infrastructure and expand its crypto asset-class offerings. Arca, an emerging digital-asset manager, has secured $10 million in Series A funding to bootstrap the next phase of its business strategy — one that could bridge the gap between traditional finance and cryptocurrencies. In a Wednesday press release,…
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Cryptocurrency hedge funds’ assets under management doubled in 2019, but the launch of new funds depends on Bitcoin prices. The “2020 Crypto Hedge Fund Report,” published on May 11 by PwC and Elwood Asset Management Services Ltd., said that cryptocurrency hedge funds’ assets under management doubled in 2019. According to the survey, total assets under management…
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