Business and Finance Archives - Ethereum World News

$5 Million Ethereum Index Fund Debuted By Fidelity

Naga Avan-Nomayo·October 5, 2022

Summary: Fidelity announced a new Ethereum index fund per details from a filing with the Securities and Exchange Commission. The mammoth asset manager boasts around $5 million in investments for its latest crypto offering. Galaxy Digital CEO Mike Novogratz hinted that the company might provide retail exposure to Bitcoin soon....

$57 Million Lawsuit Against Terra Co-Founder Do Kwon Comes To Light

Aditya Anand·October 28, 2022

$57 Million Lawsuit Against Terra Co-Founder Do Kwon Comes To Light 10

A $57 million lawsuit against Terra co-founder Do Kwon has been brought to light by the Wall Street Journal. The lawsuit alleges fraudulent misrepresentation by Kwon.

$FTT Jumps 22% After Tribe Capital Shows Interest In FTX’s Reboot

Aditya Anand·April 18, 2023

$FTT Jumps 22% After Tribe Capital Shows Interest In FTX’s Reboot 11

FTX's potential plan to restart the exchange has drawn the interest of the popular VC firm Tribe Capital. The renewed interest in the exchange's reboot lead to a 22% surge in $FTT's price.

3AC Bosses Eye $25 Million Funding For New Crypto Exchange GTX After FTX Crash

Naga Avan-Nomayo·January 16, 2023

Summary: Founding team members also include Co-Founders of troubled exchange CoinFLEX, Mark Lamb, and Sudgu Arumugam. The GTX exchange will allow users to trade claims for defunct crypto companies like BlockFi, Celsius, FTX, and Mt. Gox to name a few. WuBlockchain confirmed the news from Three Arrows Founder Su Zhu...

3AC Founders Launch New Exchange For Crypto Claims Trading

Aditya Anand·February 9, 2023

3AC Founders Launch New Exchange For Crypto Claims Trading 12

Three Arrows Capital (3AC) founders Su Zhu and Kyle Davies have teamed with CoinFLEX to launch a new crypto exchange that will allow users to trade their claims against bankrupt crypto firms.

61% XRP Price Flash Crash Leaves Traders Confused and Dazed

Nick Chong·February 13, 2020

61% XRP Price Flash Crash Leaves Traders Confused and Dazed 13

As reported by Ethereum World News, last week leading Bitcoin derivatives exchange BitMEX revealed that it launched a new “Ripple USD (XRP) quanto swap,” which is similar to the exchange’s famous BTC (XBT) swap, allowing investors to trade the altcoin as high leverage. Due to the popularity of BitMEX, traders were...

70 Crypto Hedge Funds Have Closed Up Shop This Year: is There Institutional Hope?

Nick Chong·December 5, 2019

Crypto Funds Close Up Shop According to a recent report from Bloomberg, 70 crypto-centric hedge funds that served a clientele of “pensions, family offices and wealthy individuals” have closed in the past year. The data, which came from Crypto Fund Research, also indicated that the number of new funds is...

77% of El Salvadorans Don’t Believe In President Nayib Bukele’s Bitcoin Dream

Aditya Anand·October 20, 2022

77% of El Salvadorans Don’t Believe In President Nayib Bukele’s Bitcoin Dream 15

A survey by the Central American University suggests that El Salvadorans want their government to stop spending on Bitcoin.

A16z Remains Bullish On Crypto Despite Flagship Fund Taking 40% Loss

Aditya Anand·October 26, 2022

A16z Remains Bullish On Crypto Despite Flagship Fund Taking 40% Loss 16

The flagship crypto fund of a16z recorded a loss of 40% in the first half of 2022 but the venture capital firm remains bullish on crypto.

Adopting Bitcoin: El Salvador Is All Set To Host A Conference Promoting Bitcoin And Its Diverse Use Cases

Juhi Mirza·September 28, 2022

Adopting Bitcoin: El Salvador Is All Set To Host A Conference Promoting Bitcoin And Its Diverse Use Cases 17

El Salvador is hosting a conference dubbed “Adopting Bitcoin.” The three-day conference aims to “promote Bitcoin and bring together stakeholders from all sides of the Bitcoin ecosystem to discuss developments related to BTC and its diverse utility factors.” El Salvador, the BTC pioneer, is all set to host a conference...

Alameda Research Hurls $445 Million Lawsuit At Voyager Digital

Naga Avan-Nomayo·January 31, 2023

Summary: The trading company founded by Sam Bankman-Fried hopes to recover repaid loans from bankrupt Voyager Digital. FTX lawyers filed the lawsuit on behalf of Alameda to recover around $445.6 million for creditors of the sunken crypto exchange. The court document accused Voyager of gross misconduct and lending customer funds...

Alameda Research Reportedly Bought Tokens Ahead Of Their Listing On FTX

Aditya Anand·November 14, 2022

Alameda Research Reportedly Bought Tokens Ahead Of Their Listing On FTX 18

Alameda Research reportedly bought several tokens before their listing on FTX. The alleged insider trading is spread over 18 tokens involving $60 million.

2 Million ETH Staked In May So Far, New ATH

Lido Finance Activates Ethereum Withdrawals With V2 Mainnet Launch

crvUSD Stablecoin From Curve Finance Launched On Ethereum

Tether Ups Bitcoin Bet With BTC Mining In Uruguay

Bitcoin Inscription With Ordinals Token Cache Scooped For Nearly $1 Million

Bitcoin Fees Hit 2-Year High As BRC-20 Tokens Gain Steam

Multichain Bridge Transactions Resume On Four Chains, MULTI Up 15%

Justin Sun’s TRX Expands To Ethereum Via BitTorrent Bridge

MakerDAO Approves Proposal To Buy $1.28 Billion In U.S. Treasuries

NFTs Seized From 3AC Fetch $2.5 Million At Sotheby’s Auction

Bitcoin Inscription With Ordinals Token Cache Scooped For Nearly $1 Million

Former OpenSea Executive Convicted In Insider Trading Case

Commonwealth Bank Australia To Tackle Crypto Scams With New Risk Measures

Do Kwon May Be Sentenced To 40 Years In South Korean Prison

UK FCA Unveils Stricter Rules For Crypto Marketing

A Beginner’s Guide to EIP-5725: Transferable Vesting NFTs

yPredict.ai Unveils Next-Gen Payment Gateway for Token Purchase – Developed in Record Time

YPRED Token Presale is Live – World’s First AI ecosystem

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