Tag: Investors

SBF tells investors FTX needs $8B in emergency funding: WSJ

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Sam Bankman-Fried has reportedly asked investors for $8 billion in emergency funding to cover a shortfall caused by the flood of withdrawal requests to his crypto exchange in recent days. According to a report in the Wall Street Journal (WSJ) citing “people familiar with the matter,” the CEO reportedly made the request to investors in a Nov. 9 call where he outlined ways to help solve FTX’s financial woes. The source suggests that Bankman-Fried is looking to raise $3 billion to $4 billion in equity and that the exchange could raise…

Investors increasingly confident of Ripple’s victory over SEC: CoinShares

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Recent developments in the Ripple vs. Securities and Exchange Commission (SEC) case appear to have bolstered investor confidence in XRP (XRP)-tied investment products, according to investment data from CoinShares’ head of research, James Butterfill.  In its latest Digital Asset Fund Flows published on Nov. 7, Butterfill noted that XRP investment products have seen a third consecutive week of institutional inflows, clocking $1.1 million. Butterfill said the figures imply “improving investor confidence as the SEC case against Ripple looks increasingly fragile.” The last few weeks have seen Ripple Labs gaining increasing…

SEC Charges 4 People in $295M Global Crypto Ponzi Scheme That Duped Over 100,000 Investors – Regulation Bitcoin News

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The U.S. Securities and Exchange Commission (SEC) has charged four people for their roles in a global cryptocurrency Ponzi scheme that duped more than 100,000 investors worldwide. The scheme raised more than $295 million in bitcoin. SEC Says ‘Trade Coin Club’ Is a Crypto Ponzi Scheme The U.S. Securities and Exchange Commission (SEC) announced charges against four people for their roles in a fraudulent crypto Ponzi scheme Friday. Douver Torres Braga, Joff Paradise, Keleionalani Akana Taylor, and Jonathan Tetreault were allegedly involved in Trade Coin Club, “a fraudulent crypto Ponzi…

Goldman Sachs Launches Data Service to Help Investors Analyze Crypto Markets – Finance Bitcoin News

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Global investment bank Goldman Sachs has launched a new data service in collaboration with MSCI and Coin Metrics to help investors analyze crypto markets. The new system is “designed to provide a consistent, standardized way to help market participants view and analyze the digital assets ecosystem,” Goldman detailed. Goldman Sachs’ New Crypto Classification System Global investment bank Goldman Sachs announced Friday “the launch of Datonomy, a new classification system for the digital assets market,” in collaboration with global index provider MSCI and crypto data firm Coin Metrics. The announcement details:…

Cardano (ADA) Investors Watch For Nov. 18, Hoskinson Teases

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Cardano (ADA) has fallen short of many investors’ expectations in recent weeks. Unlike numerous other altcoins, ADA is currently in a prolonged downtrend. In the 1-day chart, the price is currently below both the 100 and 200-day moving averages. Cardano trending to the downside. Source: TradingView However, IOG CEO Charles Hoskinson might have given ADA investors hope with a new tweet. The Cardano founder was responding to a Twitter user’s question about when the announcement promised for November would be revealed. Hoskinson didn’t mince words, saying, “I’ll announce it at…

Goldman Sachs creates digital asset taxonomy system for subscribing investors

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Goldman Sachs, MSCI and Coin Metrics announced on Nov. 3 that they have devised a digital assets classification system to increase the transparency of market movements and help market participants analyze the digital assets ecosystem. The new system is called “Datonomy” and is available by subscription from the three companies.  The new taxonomy divides the digital assets world into classes, sectors and subsectors according to their use to make it possible to view those assets in a more granular way, a Goldman Sachs spokesperson told CNBC. The system is intended…

Fidelity offers retail investors commission-free BTC and ETH trading

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Fidelity Investments is expanding retail access to commission-free cryptocurrency trading services — a move designed to recognize growing mainstream interest in digital assets.  According to CNBC, Fidelity’s new crypto offering will be powered by its subsidiary, Fidelity Digital Assets. Dubbed Fidelity Crypto, the new service will give retail investors the ability to buy and sell Bitcoin (BTC) and Ether (ETH) with minimal fees. Instead of a commission, Fidelity Crypto will incorporate a 1% spread into every trade. In financial markets, a spread represents the difference between the buy and sell…

Institutional Investors Remain Bullish As Short Bitcoin Sees Outflows

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Institutional investors have swung between bearish and bullish when it comes to bitcoin for the better part of this year. Each time though, the direction of their money always shows how they are currently looking at the crypto market. The same is the case for the past week, where numbers have pointed towards more bullishness for these large investors. Short Bitcoin Outflows Continue Since the market began its recovery trend, short bitcoin has been seeing outflows. The ETF had been quite popular and successful when it was launched earlier this…

Price Surge Puts Majority Of Ethereum Investors In Profit

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Ethereum investors have had a rollercoaster year in 2022. It has been both successful in some aspects and gut-wrenching in others. After trending in the low $1,000s for a long time, the crypto market rally had seen Ethereum rise to two-month highs. What followed was a marked increase in the number of investors that were actually making a profit from their investments. 57% Of Investors In Profit If anything, the profitability of Ethereum over the years has been a major bull case for the digital asset. Even now, during a…