Crypto Crash Threatens Stolen North Korea Funds As It Accelerates Weapons Testing

SEOUL, June 29 (Reuters) – Slumping cryptocurrency markets have wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say, threatening a key funding source for the stricken country. sanctions and its weapons programs. North Korea has invested resources in cryptocurrency theft in recent years, making it a potent hacking … Read more

Are Crypto Custodial Funds Risky? Industry Veterans Explain

As insolvency rumors soar among crypto firms such as Celsius and Three Arrows Capital, investors couldn’t help but ask a simple question: what happened to all the funds that were supposed to be in “safe custody”? It turns out that a small fraction of crypto firms have started to mine customer deposits to offer high … Read more

Quantitative Hedge Funds Are Profiting From The Cryptocurrency Turmoil

Quantitative Hedge Funds Are Profiting From The Cryptocurrency Turmoil

A small group of hedge funds are taking advantage of the digital asset market turmoil that has already wiped billions of dollars off the total value of cryptocurrencies. Some computer-driven funds – which use algorithms to try to predict and trade price movements in crypto and other markets – have reaped gains from rapid declines … Read more

Cryptoverse: Funds Moolahing In Disordered Markets

June 14 (Reuters) – The crypto market is a hot mess, revealed by many investors struggling to make money. Enter arbitrageurs. Bitcoin and other cryptocurrencies have been rangebound or declining since January, clamoring for your usual buyer with little choice but to sell or wait for the elusive rally. However, one class of seasoned investors … Read more

Majority Of Crypto Hedge Funds Extremely Bullish On Bitcoin Despite Price Weakness: PwC Study

Majority Of Crypto Hedge Funds Extremely Bullish On Bitcoin Despite

A new study from one of the world’s largest accounting firms reveals that the majority of crypto hedge fund managers predict a rebound for Bitcoin this year despite BTC’s shaky performance lately. PricewaterhouseCoopers (PwC) shares data from a survey conducted by digital asset manager CoinShares in the first quarter of 2022, focusing on crypto hedge … Read more

PwC Survey Sees More Hedge Funds Investing In Crypto, Despite Volatility

Volatility in the sector hasn’t deterred more traditional hedge funds from investing in crypto, and more crypto-focused funds are being created as digital assets gain more acceptance, according to PwC’s 4e Global Crypto Hedge Fund 2022 Annual Report, released earlier this week. John Garvey, Global Financial Services Leader at PwC USA, said in a related … Read more

Defi Educator Says $22 Billion in ETH 2.0 Funds Won’t Be Liquid Immediately After PoS Transition

Defi Educator Says 22 Billion in ETH 20 Funds Wont

As Ethereum’s transition to proof-of-stake (PoS) nears and network hashrate hits another all-time high, Ethereum 2.0 contract nears 13 million ether worth 22.6 billion dollars using today’s ether exchange rates. Additionally, according to a decentralized finance (defi) educator, the $22.6 billion of Ethereum that continues to grow will not be unlocked until another upgrade is … Read more

Coinbase Executive Reassures Traders That User Funds Are Safe Despite Crypto Bear Market

Coinbase Executive Reassures Traders That User Funds Are Safe Despite

The chief legal officer of leading US-based crypto exchange, Coinbase, reassures investors that their funds are safe on the platform despite stagnant crypto markets. In a new corporate blog post, CLO Paul Grewal allays fears users may have of losing the crypto assets they keep on Coinbase if the platform goes bankrupt due to asset … Read more

First Mover Asia: Funds lost billions in Terra collapse. Here are the ongoing effects; Bitcoin sees red | Cryptocurrency

First Mover Asia Funds lost billions in Terra collapse Here

When a fund suffers a major breach in its token, the impact ripples widely across the entire venture capital funding ecosystem; most major cryptos fell despite gains in US stock markets. Hello. Here is what happens: Price: While stocks had a good day, bitcoin and other major cryptos continued to struggle. Outlook: The effects of … Read more

Terra Adds More Bitcoin To Reserves; Robinhood Hacker Donates Stolen Funds to Ukraine

Terra Adds More Bitcoin To Reserves Robinhood Hacker Donates Stolen

Terra (LUNA) Foundation Guard (LFG) is on a bitcoin (BTC) buying spree and reportedly bought an additional 123.89 BTC last week. This purchase brings the total number of BTC held by the foundation to 42,530.82. In other news, Beanstalk, an application based on the Ethereum (ETH) decentralized finance blockchain, was hacked and its investors were … Read more