According to local reports, the Australian Securities and Investment Commission (ASIC) has started legal procedures against two crypto companies and their directors for operating unlicensed in the country. Allegedly, the companies participated in an elaborate scheme that resulted in the loss of AU$ 160 million, worth $104 million, from investors. ASIC After Unlicensed Mining Companies […]
Venture capitalists are capitalizing on the recent resurgence of the cryptocurrency market as they rush to raise new funds. Paradigm, a crypto-focused firm co-founded by Fred Ehrsam, the co-founder of US-based crypto exchange Coinbase, and Matt Huang, a former partner at Sequoia Capital, is reportedly in discussions with investors to secure between $750 million and […]
Last week, the crypto investment landscape witnessed a significant exodus of capital from global crypto funds. A recent report from CoinShares highlighted nearly $1 billion net outflow from these funds, marking a historic departure from a 7-week inflow streak that had cumulatively amassed $12.3 billion. A Closer Look At The Outflows The magnitude of these […]
The crypto market, particularly Bitcoin, has recently experienced significant outflows. According to a recent report from CoinShares, digital asset investment products worldwide saw net outflows of $500 million last week. These outflows predominantly stemmed from Grayscale’s converted spot Bitcoin exchange-traded fund (GBTC), though its impact seems to be diminishing with daily outflows reducing progressively throughout […]