Man Group To launch Crypto Hedge Fund
London-based investment manager Man Group Plc is preparing to launch a cryptocurrency hedge fund and digital assets. According to a November 18 Bloomberg article, Man Group is getting ready to introduce its cryptocurrency-focused hedge fund through its computer-driven trading subsidiary AHL. Bloomberg stated that the new hedge fund might be prepared by the end of […]
Genesis Block To Cease Trading In Hong Kong
Genesis Block, a cryptocurrency trading service in Hong Kong, will close its trading portal on Dec. 10, Reuters reported on Friday. Another crypto company is facing the market impacts of the current FTX incident. A leading provider of bitcoin retail services in Hong Kong, Genesis Block, has reportedly declared it will stop trading and shut […]
Bahamas regulator directs FTX to transfer crypto to govt wallets
The Securities Commission of the Bahamas said it ordered FTX to transfer all digital assets to a government-controlled wallet for safekeeping. In the exercise of its powers as regulator acting under the authority of an Order made by the Supreme Court of The Bahamas, the Securities Commission of The Bahamas (‘the Commission’) directed the transfer […]
Temasek will reduce its $275 million investment in FTX to zero
Temasek, the national investment fund of Singapore, is getting ready to write off the entire $275 million it invested in FTX. Notably, throughout two funding rounds from October 2021 to January 2022, Temasek contributed $210 million for a minority stake of 1% in FTX International and invested $65 million for a minority stake of 1.5% […]
FTX endorsements lead to lawsuit against Tom Brady and others
According to the lawsuit, Bankman-Fried, the exchange, and the celebrities may have participated in a plan to mislead investors. Everyone in the cryptocurrency world is buzzing about the collapse of the FTX exchange. Not only have investors voiced their concerns, but authorities from all around the world have also noted the scandal as a turning […]