Whampoa Group, Singaporean asset management, is planning to launch both a venture capital fund and a crypto hedge fund dedicated to digital asset investments. The corporation plans to invest $100 million based on preliminary estimates. The organization wants to raise $50 million for the cryptocurrency hedge fund and has allocated
It revealed conflicting results about the link between crypto and the environment. The department advised that the administration might outlaw proof of work. Distributed ledger technology (DLT) and global warming have been the subject of a new report from the White House’s Office of Science and Technology Policy (OSTP). The
Fuller replaced John Glen as Economic Secretary to the Treasury in July. Fuller participated in the first crypto discussion in Westminster this week. Economic Secretary to the Treasury Richard Fuller has said that the United Kingdom intends to “become the country of choice for those looking to create, innovate and
The current capacity of the Georgia facility is for 24,108 miners. The mining firm also acquired 1,800 Antminer S19 XP machines in June. CleanSpark, a cryptocurrency mining company, stated on Friday that they have reached a deal to purchase the Bitcoin mining facility operated by Mawson in Sandersville, Georgia for
SEC’s Division of Corporation Finance’s Disclosure Review Program will oversee offices. As per SEC, it has decided to assign firms and filings to a single office. On Friday, the United States Securities and Exchange Commission (SEC) said that it will be opening two more offices to handle crypto filings. The
Joshua David Nicholas was the “Head Trader” for EmpiresX as per DOJ. The exchange was a scam that stole digital assets worth $100 million. Florida native Joshua David Nicholas pled guilty to defrauding investors of $100 million in digital assets via his participation in the cryptocurrency network EmpiresX. As a
The Senators’ letter specifically called out Meta sites as prime targets for fraudsters. The Senators also expressed their worry that Meta is not doing enough. As the parent company of Facebook, Meta, expands into the metaverse, numerous senators in the United States have requested Facebook CEO Mark Zuckerberg to demonstrate
Bolt, meantime, has issued a statement promising to maintain its collaboration with Wyre. Wyre will continue to support Bolt in developing its crypto ecosystem. On Friday, US-based payments firm Bolt Financial Inc. said it was canceling its $1.5 billion acquisition deal with Wyre Payment Inc. The cryptocurrency market decline coincides
A prospectus for MicroStrategy was filed with the SEC on Friday. The company has contracted investment bank Cowen & Co to sell $500M stocks. MicroStrategy (MSTR), a publicly listed software firm, now has over 129,000 BTC in its reserves, making it the biggest corporate holder of Bitcoin. One month after
In July, it saw a half-point uptick—the first increase in 11 years. Lagarde predicts a significant slowdown in economic activity. Following a trend of interest rate increases from major central banks across the world, the European Central Bank decides to do the same. Since the beginning of this month, the
