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Proprietary Crypto Trading Firm Taking on Investors For First Time

The firm’s flagship strategy gained 50.8% last year, with less volatility than bitcoin Marketing efforts are mostly centered on high-net-worth individuals and family offices Katonah EvE, a crypto proprietary trading firm, is laying the groundwork for its first fund open to outside investors on the heels of solid risk-adjusted performance. The launch comes as a …

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YouTube May Branch into NFTs, CEO Suggests

NFTs could be another revenue stream for YouTube creators, according to the CEO Shares of YouTube parent Alphabet Inc. traded 1.8% lower at time of publication YouTube may incorporate non-fungible tokens onto its platform in the future, the video hosting platform’s CEO Susan Wojcicki said in a letter on Tuesday.  “We’re always focused on expanding …

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Crypto Industry Weighs Likelihood of Rising Rates as Fed Meeting Kicks Off

Federal Reserve policy makers meet this week as markets reel and inflation rises Bitcoin’s rising correlation to equities could mean a further pullback in coming days Cryptocurrency market participants are closely watching a Tuesday meeting of the Federal Reserve as rising concerns over stimulus pullback and heightened inflation have sent equity and digital assets markets …

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Grayscale Considering 25 New Digital Assets as Investments

New assets Grayscale is considering include Algorand (ALGO), Axie Infinity (AXIE), Cosmos (ATOM), Fantom (FTM) and Helium (HNT) Grayscale most recently added payment network Amp (AMP) to its investment mix Grayscale Investments has added 25 assets to a running list of investments it is considering making available to investors.  The crypto-focused firm currently supports 24 …

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Korea’s Central Bank Completes First Phase of CBDC Simulation Test Run

South Korea’s central bank is now in the second phase of testing its CBDC following a successful test which began in December The basic functions of the bank’s CBDC are “operating normally” under the rigors of a cloud testing environment The Bank of Korea said Monday the first phase of its central bank digital currency …

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Parents Can Invest in Crypto for Their Kids Via Startup

Venture capital firm Seven Seven Six and crypto platform Gemini participated in EarlyBird’s $4 million funding round in November Users can now more easily set recurring investments, gift bitcoin and ether to kids, co-founders say Childhood investment specialist EarlyBird has tapped digital asset platform Gemini to add crypto to its available asset classes.  EarlyBird — …

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Blockchain Founders Fund Raises $75M to Invest in Web3, Blockchain Startups

The fund is expected to continue pouring money into Web3 and metaverse startups Notable investors included NEO Global Capital, Appworks and GSR Singapore-based Blockchain Founders Fund (BFF) has raised $75 million for a new fund focused on backing blockchain, Web3 and metaverse startups, according to a statement Monday. Notable investors of the fund include NEO …

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Attackers Exploit OpenSea Loophole to Snatch and Resell Rare NFTs

Coding bug enabled attackers to buy NFTs at previous sale prices and flip them for substantial profit At least three attackers exploited users, according to blockchain analytics firm Elliptic A bug in the OpenSea NFT marketplace has enabled hackers to snatch up rare NFTs from owners for far below market value and resell them for …

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More Asset Managers May Follow BlackRock’s Blockchain ETF Lead

“The risks of investing in cryptocurrencies are high, and the investment case is weak,” a Vanguard spokesperson said BlackRock’s blockchain ETF may have trouble surpassing the assets of Amplify Investments’ Transformational Data Sharing ETF (BLOK) BlackRock’s new plans to launch a blockchain ETF could spur large competitors to follow suit, according to industry participants.  How …

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