Man Group an Investment company To Start Crypto Hedge Fund
As per sources the new hedge fund may be ready by the year’s end. Man Group managed $138.4 billion in assets at the end of September. Despite the massive fall…
Ripple and MSF Africa Collaborate To Utilize On-demand Liquidity
Ripple is looking to establish itself outside U.S, seeking approval in Ireland. MSF Africa has agreed to use Ripple’s on-demand liquidity (ODL) crypto solution. On November 14th, American technology firm…
Coinbase Rating Changed From Buy to Neutral by Bank of America
Since its all-time high of $357.39 on November 9, 2021, the price of COIN has fallen 86%. Analysts did not seem to be soothed by Armstrong’s statements of assurance.As of…
Vitalik Buterin Proposes Implementation of ZK-SNark Feature
Vitalik stressed the importance of ZK-SNARKs in reducing complexity.Ethereum’s co-founder also highlighted the significance of the Validium smart contract.Vitalik Buterin, co-founder of Ethereum, recently sent a letter proposing a proposal…
Former FTX CEO Reportedly Pocketed $300M From 2021 Funding
The report specifies that the money was raised in October 2021. Current CEO John Ray has raised doubts about FTX’s financials.According to the WSJ, FTX’s ex-CEO Sam Bankman-Fried personally pocketed…
Tether to Transfer $1B USDT From Solana to Ethereum Network
From its all-time high of $256, it has dropped 95 percent to its current price of $12.96. Solana has taken a significant hit post the FTX fall. To move USDT…
South Korea Confiscates Over $100 Million from Terra’s Co-founder
The seizure is intended to prevent the Terra executive from disposing of the assets before his trial this week.South Korean prosecutors have seized more than $100 million worth of assets…
Tether Ensures No Risk From USDT on Solana Tanks Further
Leading crypto companies such as Tether are scrambling to reassure users that their products and services are free of FTX and Alameda contagion. The world’s largest stablecoin issuer, Tether, has…
Genesis’ Lending Arm Halted Withdrawals After Failing To Raise $1B
Genesis said the 3AC debt “negatively impacted” the liquidity of its lending arm. The firm said it will have to halt withdrawals from its lending arm on Wednesday.According to a…
‘Metaplex’ Solana NFT Protocol Maker Lays Off Employees
The firm got off to a great start having raised $46 million from investors.The business even released its native governance token, MPLX, in September.A wave of layoffs at Metaplex, a…