Category: funds
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OKX Faces Advanced SIM Swap Attacks, Losing Millions In Funds
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Credit: Cryptocells The cryptocurrency industry has seen an alarming rise in security breaches and theft incidents, as hackers continually innovate more sophisticated methods to exploit vulnerabilities and steal users’ digital assets. The latest victim in this ongoing battle is popular cryptocurrency exchange OKX, which fell prey to a series of…
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Over Half Of Top US Hedge Funds Own Bitcoin ETFs
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In hindsight, all it took for true institutional adoption of Bitcoin was the introduction of an easy-to-use, low-risk product in the form of an exchange-traded fund (ETF). In January, the Securities and Exchange Commission approved nine new ETFs that provide exposure to bitcoin through the spot market, a strict improvement…
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Monex Introduces Credit Card Payment Option for Mutual Funds
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Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24…
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Stocks held by ARK Invest’s flagship innovation fund have seen huge losses. Here are the fund’s 10 biggest losers.
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Photo by Marco Bello/Getty Images Ark Invest’s leading ETFs are experiencing huge losses, with individual holdings falling by as much as 93%. The fund’s performance has significantly underperformed the broader stock market, and only one of its top 10 holdings is in the green. These are the top 10 losing…
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Hedge funds sell US stocks at fastest rate since January By Investing.com
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Hedge funds sold off US stocks at a rate not seen since early January, marking a major shift in investment behavior after five straight weeks of net buying. This change in momentum was highlighted in a report from prime brokerage Goldman Sachs, which noted that the sell-off is in line…
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OKX HK Discontinues License Application in Hong Kong, Asks Users to Withdraw Funds
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OKX has withdrawn its license application to provide virtual asset services in Hong Kong and plans to discontinue centralized virtual asset trading services for users in the region. In a statement on its website, the cryptocurrency exchange said it has withdrawn its VASP license application and will cease centralized virtual…
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Crypto Exchange Rain Suffers Devastating $14.8M Exploit, Funds Swiftly Converted And Divided
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Bahrain-based cryptocurrency exchange Rain has fallen victim to a stunning $14.8 million exploit, as revealed by renowned blockchain investigator ZachXBT. This disturbing incident is a stark reminder of the ongoing security vulnerabilities that continue to plague the digital assets landscape. Anatomy of rain exchange exploitation Image courtesy: Rain exchange According…
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Hedge funds play a weak Japanese yen By Reuters
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Written by Neil McKenzie LONDON (Reuters) – Pressure on Japan to support a weak yen may have eased, but the currency’s weakness remains a headache for Tokyo. The yen has fallen 9.4% against the dollar so far this year, and appears poised for a fourth year of declines. This has…
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Evercore ISI offers outlook for fed funds rate in each scenario By Investing.com
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Although interest rates are at high levels, the economy has not weakened in the way many expected. In a research note, Evercore ISI examines the impact of the Fed’s fiscal policy on interest rates, noting that compared to the pre-Covid baseline, it is likely still stimulating the economy. In other…
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CME to Launch Bitcoin Trading for Hedge Funds and Traders
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The Chicago Mercantile Exchange (CME), the world’s largest futures exchange, plans to offer spot trading of bitcoin on its platform, according to the Financial Times. a report. The move will provide major hedge funds and institutional traders a regulated place to trade Bitcoin. New: ?? The world’s largest futures exchange,…
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Standard Chartered Partners with Clearstream to Support UAE Domiciled Funds
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Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Here’s a sneak peek at FMAS:24’s vibrant atmosphere! Join us at Africa’s premier financial…
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Prop Trading: True Forex Funds Shuts Down
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True Forex Funds has ended operations and announced plans to permanently close due to financial insolvency. According to a statement on the official website of the private trading platform, the company was unable to improve its financial situation, which led to the cessation of its services. End of the road:…
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Schools turn to artificial intelligence to spot guns as companies press lawmakers for state funds
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Breadcrumb links BMN Business Article writer: Associated Press David A. Lieb and John Hanna Posted on May 12, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content TOPEKA, Kan. (AP) — Kansas could soon…
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Arbelos Markets, ZKM, Volta, Hemera score funds
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In a whirlwind of financing activities, several projects in the blockchain and cryptocurrency space have recently received venture capital backing to drive growth and development. Arbelos Markets received $28 million Arbelos Markets, a prominent New York-based liquidity provider in the cryptocurrency derivatives market, recently… Believer Major financing of $28 million.…
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Arbelos Markets, ZKM, Volta, Hemera score funds
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In a whirlwind of financing activities, several projects in the blockchain and cryptocurrency space have recently received venture capital backing to drive growth and development. Arbelos Markets received $28 million Arbelos Markets, a prominent New York-based liquidity provider in the cryptocurrency derivatives market, recently… Believer Major financing of $28 million.…
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Tools for Brokers and SALVUS Funds Partner to Facilitate Broker Launch
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To simplify and accelerate the process of launching a brokerage business, Tools for Brokers (TFB), an international technology provider serving retail brokers, hedge funds and private trading firms, has teamed up with SALVUS Funds, a prominent advisory firm specializing in licensing and trading. Auditing required. Collaboration simplifies broker operations The…
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Tools for Brokers and SALVUS Funds Partner to Facilitate Broker Launch
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To simplify and accelerate the process of launching a brokerage business, Tools for Brokers (TFB), an international technology provider serving retail brokers, hedge funds and private trading firms, has teamed up with SALVUS Funds, a prominent advisory firm specializing in licensing and trading. Auditing required. Collaboration simplifies broker operations The…
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Coutts Shifts £2 Billion from UK Stocks to Overseas Funds, Sparking Concerns Amidst Market Uncertainty
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Coutts Bank, the royal family’s favorite bank, has sparked controversy by diverting nearly £2 billion of client money from the London stock market to invest in overseas projects. The move by the private bank, which serves tens of thousands of wealthy clients, involves reducing allocations to UK stocks in six…
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Securitize, Agora, Moso, Hinkal, X10 score funds
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Cryptocurrency companies ended the week with around $62 million in venture capital (VC) raised from various companies, including BlackRock. Securitize receives $47 million Securitize, a leading digital asset securities company, has withdrawn most of the funds raised over the past few days. The company closed a major funding round on…