Hong Kong fund intends to raise $100M to invest in Crypto
The new Hong Kong-based equity fund will support Web3 startups and concentrate on the local market. Local investors are forming a $100 million fund to finance the digital business as Hong Kong is once again opening up to the crypto market. ProDigital Future, a new fund, will target early-stage Web3 businesses focused on the local […]
Binance freezes over $2M in alleged insider trading scandal
Crypto exchange Binance has recently frozen over $2 million in assets linked to an alleged insider trading scandal. The biggest cryptocurrency exchange in the world by trading volume, Binance, has recently come under fire from all sides. Another report on allegedly insider trading practices that use the information with token listings and make money has […]
FDIC to sell Signature Bank’s crypto payment network
The Signet payments network owned by Signature Bank is something the FDIC want to sell, according to a March 28 Bloomberg story. The Federal Deposit Insurance Corp (FDIC) is seeking to sell Signet, the real-time payments network for crypto companies operated by the now failed Signature Bank. A spokesperson for the regulator confirmed the plan […]