Institutional Investors and Whales

ForkLog 22 06.02.2021

Grayscale Investments’ assets under management exceed $30 billion

Against a backdrop of market growth and the resumption of deposits into the Ethereum Trust, Grayscale Investments' total assets under management (AUM) rose above $30 billion.

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ForkLog 12 05.02.2021

Australian pleads guilty to $90 million cryptocurrency scam

U.S. prosecutors charged the 24-year-old Australian citizen Stefan He Qing with fraud in managing the New York-registered cryptocurrency hedge fund Virgil Sigma. The defendant admitted to misappropriating $90 million during the proceedings.

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ForkLog 24 04.02.2021

NYDIG forecasts assets under management to reach $25 billion

New York Digital Investment Group (NYDIG) expects that by the end of the current year the assets under management will rise from $6 billion to $25 billion. This statement was made by its founder Ross Stevens at the MicroStrategy World 2021 conference, according to The Block.

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ForkLog 14 03.02.2021

Justin Sun loses $7.5 million on WallStreetBets bets

Justin Sun, founder of Tron, built a portfolio of assets promoted by r/WallStreetBets participants on Reddit, which lost about 70% of its value in two days.

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ForkLog 18 02.02.2021

Robinhood chief executive to testify before U.S. Congress

The U.S. House Financial Services Committee will examine the actions of the crypto-friendly Robinhood platform during the GameStop stock rally, Politico reports, citing sources familiar with the matter.

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ForkLog 22 02.02.2021

21Shares to launch world’s first Polkadot-based ETP

The Swiss company 21Shares announced the launch of an exchange-traded product (ETP) based on Polkadot, aimed at institutional investors.

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ForkLog 35 02.02.2021

From Denial to Acceptance: How Billionaires Are Embracing Cryptocurrencies

Adoption of cryptocurrencies worldwide is rising, but with rare exceptions it has not yet reached the financial elite—those recognised leaders of business and investment, whose one phrase can set the trend for almost the entire market.

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ForkLog 14 31.01.2021

BlockFi to Launch a Competitor to Grayscale’s Bitcoin Trust

The crypto-lending platform BlockFi filed with the U.S. Securities and Exchange Commission (SEC) an application to launch the Bitcoin Trust investment fund.

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ForkLog 15 31.01.2021

Ark Invest outlines condition for Bitcoin to reach $500,000

Inclusion of the first cryptocurrency in institutional investors' portfolios with a share of only 2.5% would lift the price to $200,000 per coin. Ark Invest specialists stated this in their annual report.

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ForkLog 23 29.01.2021

Robinhood at the centre of the GameStop, Dogecoin and Reddit-trader scandal

Robinhood, a platform friendly to cryptocurrencies, has found itself at the centre of a financial scandal that threatens to reshape Wall Street's market practices. The situation surrounding GameStop and AMC Entertainment shares, hedge funds, and the Reddit community on the platform has already drawn the attention of the U.S. Congress.

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ForkLog 24 29.01.2021

BaFin employee charged with insider trading in Wirecard shares

BaFin has accused one of its employees of insider trading in the stock of the now-bankrupt fintech Wirecard. The regulator has filed a complaint with the Stuttgart public prosecutor's office. Reuters reports this.

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ForkLog 10 28.01.2021

Bitcoin fund raises $180 million in an IPO on the Toronto Stock Exchange

The asset manager Ninepoint Partners LP, which manages $7 billion, has completed the initial public offering (IPO) of its bitcoin fund on the Toronto Stock Exchange.

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