Category: funds
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From Russia With Fraud: ‘Crypto Queen’ Diverts Funds To Ukrainian Army
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A detained social media influencer could be headed to a Russian prison and remain there for nearly 10 years serving her sentence for committing cryptocurrency fraud. Valeria Fedyakina, dubbed the “Queen of Cryptocurrencies,” is at the center of multiple accusations of widespread fraudulent activities which have reportedly included… Financing the…
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Investors rush to withdraw pension funds amid fears of tax hikes in upcoming budget
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Investors are withdrawing money from their pension funds in increasing numbers, fearing potential tax increases in the next budget. AJ Bell, one of the UK’s largest manual wealth managers, has reported a spike in pension withdrawals, as clients move to secure tax-free lump sums ahead of potential changes by the…
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Crypto Exposure In Nearly Half Of Traditional Hedge Funds, Survey Reveals – What’s Driving Adoption?
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According to Bloomberg a reporta recent study found that nearly half of traditional hedge funds have some exposure to cryptocurrencies, with the degree of exposure expected to increase by the end of the year. Traditional hedge funds are venturing into crypto A survey conducted by the Alternative Investment Management Association…
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Tokenized Funds: BlackRock & Franklin Templeton
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The world of finance is changing dramatically because more people are using blockchain things and there are more tokenized things to buy. Big players like BlackRock and Franklin Templeton are all participating in this change by creating these brand new token funds. As these amazing products grow in popularity, they…
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Gemini Exchange To Shut Down Canadian Accounts, Users Given 90-Day To Withdraw Funds
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Photo: econotimes.com The cryptocurrency scene in Canada has seen its ups and downs, as major players like Gemini, OKX, dYdX, Paxos, Bybit, and Binance bid farewell to the market. These companies are leaving because the Canadian Securities Administrators (CSA) have tightened the rules for cryptocurrency trading platforms making it difficult…
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Gemini Exchange To Shut Down Canadian Accounts, Users Given 90-Day To Withdraw Funds
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Photo: econotimes.com The cryptocurrency scene in Canada has seen its ups and downs, as major players like Gemini, OKX, dYdX, Paxos, Bybit, and Binance bid farewell to the market. These companies are leaving because the Canadian Securities Administrators (CSA) have tightened the rules for cryptocurrency trading platforms making it difficult…
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Crypto Inflows Hit New Heights As Ethereum Funds Break Losing Streak—Bull Run Here?
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Global cryptocurrency investment products rose, recording net inflows of $1.2 billion over the past week. This represents the third consecutive week of positive flows and a notable shift in market sentiment, as highlighted in the latest report a report From CoinShares, a leading digital asset investment company. Coinshares revealed that…
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Arthur Hayes’s Family Office Funds Another Bitcoin Core Developer
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whirlpoolThe family office of former BitMEX CEO Arthur Hayes has awarded John Atack a one-year grant to Bitcoin developers. He is the second recipient of the grant. Maelstrom Scholarship Program Support open source Bitcoin developers. John He is an experienced contributor to Bitcoin Core, where he started in 2019. He…
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Hedge funds snap up US tech stocks amid falling rates, says Goldman Sachs
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LONDON (Reuters) – Hedge funds bought U.S. technology and media stocks at their fastest pace in four months last week, driven by an expected 50 basis point interest rate cut by the Federal Reserve, a Goldman Sachs note to clients seen by Reuters on Monday said. Lower interest rates are…
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Arthur Hayes’s Family Office Funds Bitcoin Core Developer
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whirlpoolArthur Hayes, the family office of Arthur Hayes, has awarded the first grant from Bitcoin Developer Program For contributor RecruxThe funding will support Rkrux’s full-time work on Bitcoin Core. Bitcoin relies on volunteer developers to maintain its codebase as an open source project. Maelstrom recently launched a grant program to…
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Arthur Hayes’s Family Office Funds Bitcoin Core Developer
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whirlpoolArthur Hayes, the family office of Arthur Hayes, has awarded the first grant from Bitcoin Developer Program For contributor RecruxThe funding will support Rkrux’s full-time work on Bitcoin Core. Bitcoin relies on volunteer developers to maintain its codebase as an open source project. Maelstrom recently launched a grant program to…
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Hedge funds may lose billions from Temu owner PDD’s stock crash
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Written by Summer Chen HONG KONG (Reuters) – Concentrated bets on Chinese e-commerce giant BDD Holdings Ltd may have cost hedge funds billions of dollars in losses as its shares tumbled following disappointing comments from its executives. Shares of U.S.-listed BDD Inc., owner of low-priced retailer Teemo, have fallen 33%…
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Poll: Federal Reserve to cut Fed Funds by 25bp in September, November and December
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Poll: Federal Reserve to cut Fed Funds by 25bp in September, November and December
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Funds go long yen for first time in four year: McGeever By Reuters
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By Jamie McGeever ORLANDO, Fla. (Reuters) – Speculative carry trades funded in Japanese yen have completely declined, according to one measure. The latest data from the Commodity Futures Trading Commission shows that hedge funds and speculators have reversed their short positions in the yen and are now net long in…
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Tech stocks in focus as investors eye latest filings from funds By Reuters
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NEW YORK (Reuters) – Investors will be watching quarterly reports on Wednesday for a look at how some of the world’s biggest money managers fared at the end of the second quarter, a period marked by a string of record highs in the run-up to the latest bout of turmoil…
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The Leap of Generosity: Hopping into Bitcoin Donor-Advised Funds
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This article was originally published on Sound Advisory. here. What is a recommended donation box? An advisory trust is a highly flexible charitable giving tool that allows you to make a charitable contribution, receive an immediate tax deduction, and then recommend grants from the trust over time. Think of it…
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Leveraged funds’ yen net short position shrinks on carry trade unwind By Reuters
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Written by Saqib Iqbal Ahmed NEW YORK (Reuters) – Leveraged funds’ net short positions in the Japanese yen shrank to their smallest net short position since February 2023 in the latest week, data from the U.S. Commodity Futures Trading Commission and the London Stock Exchange showed on Friday. Data through…
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Dormant Ethereum wallet moved funds from $2b PlusToken scam
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Hundreds of wallets have begun moving around 2,800 tokens worth nearly $2 billion in Ethereum linked to the 2020 PlusToken Ponzi scheme in China. Ethereum (ETH) fell by about 2% after several wallets began transferring funds from a pool containing 789,533 ether early Wednesday, August 7. According to EtherscanThe addresses…