The firm behind the “Crypto Wealth Report” said it received a spike in the number of crypto-related inquiries by millionaires in the last six months. A report released by London-based investment migration consultancy firm Henley & Partners suggests there were more than 40,000 crypto millionaires in the world holding Bitcoin. According to the “Crypto Wealth…
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The ARK Invest CEO shares her views on the intersection of Bitcoin and artificial intelligence, highlighting its economic implications. In a recent X (formerly Twitter) post, Cathie Wood, the CEO of ARK Invest, expressed her optimistic view on the intersection of Bitcoin (BTC) and artificial intelligence (AI) In the post, Wood hinted at the transformative potential…
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The commission has another 45 days to approve, deny or delay spot Bitcoin exchange-traded fund applications from seven major firms. Following the United States Securities and Exchange Commission (SEC) delaying decisions on several spot Bitcoin exchange-traded funds, former commission chair Jay Clayton said he believed approval was still going to happen at some point. In…
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The venture firm has introduced its crypto fund for Web3 infrastructure and applications, promising a collaborative approach with startup founders. Venture capital firm Vessel Capital has announced a $55 million fund to invest in Web3 infrastructure and applications, TechCrunch reported. According to the founders, their goal is not to scale, but rather to assist crypto…
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The case against Titan Global Capital Management is the first brought under the U.S. regulator’s 2020 revised marketing rule. It also touches on compliance issues. Fintech investment adviser Titan Global Capital Management has agreed to a cease-and-desist order by the United States Securities and Exchange Commission (SEC), along with censure and penalties after the agency…
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An independent report prepared for a House committee suggests the government foster the development of digital asset technology and regulate it cooperatively. While the cry for crypto regulation is becoming ever louder in much of the world, and regulation by enforcement is a controversy, a report prepared for the New Zealand Parliament has recommended a…
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The Google-backed AI developer Anthropic raised $100 million in funding from South Korean telecommunications giant SK Telecom to bolster industry. Artificial intelligence (AI) developer Anthropic announced on Aug. 13 that it is receiving an additional $100 million in investment from the South Korean telecommunications giant SK Telecom. According to the announcement, the investment comes alongside…
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ARK Investment Management founder and CEO Cathie Wood predicted on Aug. 7 the SEC would delay its decision on the firm’s spot BTC ETF application. The United States Securities and Exchange Commission (SEC) has delayed a decision on approving or disapproving the spot Bitcoin (BTC) exchange-traded fund proposed by ARK Investment Management. In an Aug.…
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The lawsuit alleged that the VC firms made many deceptive and misleading statements about FTX while encouraging customers to invest in the exchange for their personal gain. Eighteen leading venture capital (VC) investment firms, including Temasek, Sequoia Capital, Sino Global and Softbank, have been named as defendants in a class-action lawsuit filed in the United States…
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Robinhood achieved profitability for the first time since becoming a public company in the second quarter of 2023. Its crypto revenue, however, continues to decline. Robinhood released its second-quarter results, achieving profitability for the first time since becoming a public company, despite a drop in revenue in the second quarter of 2023. According to its…
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