Category: funds
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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…
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Hedge funds grow bearish amid economic slowdown jitters, Goldman says By Reuters
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Written by Carolina Mandel NEW YORK (Reuters) – Global hedge funds continued to add bearish bets on stocks to their portfolios in the week to Aug. 1 as fresh data raised concerns that the U.S. economy is slowing faster than expected, Goldman Sachs said in a note to clients. Goldman…
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Donald Trump’s Appearance At 2024 Bitcoin Conference Yields $25 Million In Funds
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Last weekend, the long-awaited Bitcoin 2024 conference took place in Nashville, Tennessee, and it turned out to be a huge success for former President Donald Trump’s potential re-election aspirations in the upcoming November elections. According to recent reports, the Trump campaign raised $25 million in one night at a special…
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Donald Trump’s Appearance At 2024 Bitcoin Conference Yields $25 Million In Funds
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Last weekend, the long-awaited Bitcoin 2024 conference took place in Nashville, Tennessee, and it turned out to be a huge success for former President Donald Trump’s potential re-election aspirations in the upcoming November elections. According to recent reports, the Trump campaign raised $25 million in one night at a special…
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Hedge funds make massive retreat from short yen positions, UBS says By Reuters
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Written by Summer Chen HONG KONG (Reuters) – Global hedge funds have largely pulled back from their bearish bets on the Japanese yen during the currency’s strong rally against the U.S. dollar over the past two weeks, according to a note to clients by UBS seen by Reuters on Tuesday.…
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Trouble for China hedge funds? Reuters: Brace for upheaval from tough new rules
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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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Spot Ethereum ETFs: Cboe Announces Official Launch Date For These 5 Funds
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After a long period of speculation and uncertainty, Spot Ethereum ETFs will officially begin trading next week, on Tuesday, July 23, 2024. The Chicago Board Options Exchange (CBOE) announced this important development. Five Ethereum ETFs to Launch on Cboe Next Week On Friday, July 19, the Chicago Board Options Exchange…
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Spot Ethereum ETFs: Cboe Announces Official Launch Date For These 5 Funds
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After a long period of speculation and uncertainty, Spot Ethereum ETFs will officially begin trading next week, on Tuesday, July 23, 2024. The Chicago Board Options Exchange (CBOE) announced this important development. Five Ethereum ETFs to Launch on Cboe Next Week On Friday, July 19, the Chicago Board Options Exchange…
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Macquarie-Backed African Renewables Investor Seeks Fresh Funds
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Breadcrumbs Path Links PMN Business Revigo Fund Management, which runs Africa’s first fund focused primarily on investing in operating renewable energy assets, is seeking new investors as it works towards its eventual listing. Article author: Bloomberg News Anthony Sguazin Published on July 10, 2024 • Read for 2 minutes You…
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Hedge funds face losses amid unexpected Tesla rally By Investing.com
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Investing.com – A large number of hedge funds that bet against Tesla Inc (NASDAQ:) could now face potential losses, after a surprise surge in the electric car maker’s shares. About 18% of more than 500 hedge funds were short Tesla at the end of June, the highest percentage in more…
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Cabinet approves budget cut, coalition funds left untouched
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The Israeli cabinet today approved a 1% budget cut for all government ministries except the Defense Ministry for the 2024 budget, including NIS 525 million originally earmarked to raise high school teachers’ salaries. The 1% budget cut is intended to finance the continued evacuation of residents in the north and…
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Globally, Value funds gave back some performance in June By Investing.com
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Bank of America reported a turnaround in global fund performance for June, with value funds seeing an average decline of 0.88% relative to their benchmarks. Only 24% of value funds managed to outperform their benchmarks in June. Despite the decline, Bank of America acknowledged that value funds still have an…
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US Bitcoin ETFs See $20.45M Outflow: Nine Funds Remain Flat
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US-based bitcoin exchange-traded funds saw net outflows of $20.45 million on Wednesday. Interestingly, only two of these funds showed activity amid the market uncertainty. Grayscale’s GBTC fund saw outflows of $26.99 million, while Fidelity’s FBTC fund made a gain of $6.55 million. The remaining nine funds, including BlackRock’s IBIT, Bitwise’s…
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Hedge funds ‘aggressively’ sold tech stocks in June
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Data from Goldman Sachs shows that hedge funds are selling technology stocks aggressively now, with net dollar selling of the sector in June the largest on record. “Hedge funds aggressively sold TMT shares last month, led by Semis & Semi Equip (reversing the year-to-date trend) — and net U.S. TMT…
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Crypto App CoinStats Hit By Security Breach, User Funds Potentially Exposed
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CoinStats, a popular cryptocurrency wallet tracker, suffered a security breach that exposed users’ wallets and sent scam notifications to mobile devices. The company took the drastic step of shutting down its entire platform while the incident was investigated. The hack, which CoinStats confirmed on its official social media channel, resulted…
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Crypto App CoinStats Hit By Security Breach, User Funds Potentially Exposed
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CoinStats, a popular cryptocurrency wallet tracker, suffered a security breach that exposed users’ wallets and sent scam notifications to mobile devices. The company took the drastic step of shutting down its entire platform while the incident was investigated. The hack, which CoinStats confirmed on its official social media channel, resulted…
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Hedge Funds’ Bullish Copper Bets Run Into China’s Slowdown
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Breadcrumb links BMN Business Copper rose to a record high amid a wave of hedge fund money. The big question now for the bulls is when Chinese buyers will return. Article writer: Bloomberg News Bloomberg News Posted on June 23, 2024 • 6 minute read You can save this article…
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Kraken Confirms Return Of Funds From CertiK’s Controversial “Whitehat” Hack
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Cryptocurrency exchange Kraken says it has recovered its money from “security researchers” who took $3 million from the platform this year. “Update: We can now confirm the refund (minus a small amount missing due to fees)” chirp Nick Percoco, Kraken’s chief security officer, said on Thursday. Kraken gets its money…
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UwU Lend announces $5m bounty as hacker starts laundering stolen funds via Tornado Cash
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Decentralized lending protocol UwU Lend has revealed a $5 million reward to “identify and locate the exploiter.” Developers of UwU Lend Promising To pay up to $5 million to “the first person to identify and locate the hacker,” who exploited the protocol for more than $23 million in cryptocurrency. The…
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UwU Lend announces $5m bounty as hacker starts laundering stolen funds via Tornado Cash
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Decentralized lending protocol UwU Lend has revealed a $5 million reward to “identify and locate the exploiter.” Developers of UwU Lend Promising To pay up to $5 million to “the first person to identify and locate the hacker,” who exploited the protocol for more than $23 million in cryptocurrency. The…