FUNDS
Symmetry Launches Revolutionary Platform for Decentralized Crypto Indices and Actively Managed Funds on Solana
Today marks a groundbreaking step for decentralized finance (DeFi) on the Solana blockchain as Symmetry launches its highly anticipated User Interface at https://app.symmetry.fi/.
Circle's Stablecoin USDC Affected by Collapsed Bank
Circle's USDC stablecoin briefly de-pegged after news that $3.3 billion of its cash reserves were stuck with collapsed bank Silicon Valley Bank. USDC's dollar peg has since recovered, but mass redemptions have led to a drop in the stablecoin's market cap by nearly 10% since March 11.
Transform Ventures Co-Invests in Alpha Transform Holdings to Accelerate Blockchain Investment
Transform Ventures has co-invested in Alpha Transform Holdings, a new holding company aiming to support the blockchain ecosystem through investments via two new funds. The merger of select assets from Transform Ventures and Alpha Sigma Capital’s parent company will amount to $100 million in assets under management, with a focus on delivering suites of products under asset management, Alpha Transform products, and Alpha Transform strategies.
Public Pension Funds Eroded by Headwinds from Crypto Winter
The fall in crypto prices has caused a contagious impact on investment products, including public pension funds that recently dipped their toes into the crypto pool.
Louis Vuitton-Backed Aglae Ventures to Launch €100m Fund for Crypto Startups
Paris-based Aglaé Ventures, the Venture Capital firm backed by wealthy businessman Bernard Arnault, is notably on track to float a Fund that will be dedicated to backing investments in the digital currency ecosystem.
Russia’s Central Bank Orders Local Stock Exchanges to Avoid Listing Crypto-Related Funds
The Bank of Russia has instructed local stock exchanges not to list any cryptocurrency services to firms.
Wells Fargo Offers Crypto Funds Options for Premium Clients
Despite the recent Bitcoin price decline, Wells Fargo is planning to launch crypto funds to its wealthy clients.
With Recent $9.5 million Offering BTCS Gains Institutional Investor Interest
BTCS, a digital asset blockchain technology-focused company, recently closed an institutional investor-backed $9.5 million financing comprised of 9,500,000 shares of its common stock and common stock warrants to purchase up to 7,125,000 shares of common stock at a combined purchase price of $1.00 per share in a registered direct offering.
Future of Index Funds
Inspired by traditional index funds' success, Crypto20 (C20) was designed to reinvent how investors gain exposure to the broader crypto market. With cryptocurrencies long-term growth potential, an index fund is the perfect entry point for investors looking to generate exceptional returns without taking on excessive risk.
TrustSwap's SmartLocks Service Locked Up Four Times More than Bitcoin LN
TrustSwap, a DeFi platform dedicated to enabling the execution of timed token purchases, recently announced that its SmartLocks service has officially locked over four times more value than the Bitcoin Lightning Network. While this is a major achievement on its own, it is only one of TrustSwap's many different services and it shows the potential that the project has to dominate the DeFi sector.
Dapper Labs Raises $18M in Token Sale
The team responsible for the crypto-collectibles phenomenon “Crypto Kitties” has just secured an $18 million token sale.
Wanted Wirecard Exec Marsalek Hiding in Russia After Moving Funds in Bitcoin
Former Wirecard Chief Operating Officer Jan Marsalek used Bitcoin to move funds to Russia where he is now in hiding under the supervision of Russian intelligence operatives, according to a Russian media outlet.
Blockchain Startup Developed Solution to Crypto's Irreversible Transaction Problem
An Israeli startup has developed a new technology that could prevent the loss of funds caused by human error when sending Bitcoins or other digital assets. The mistake is common as wallet addresses are represented by a unique and random string of alphanumeric characters.
Ernst and Young Unveil Blockchain Solution for Public Funds Management
This move by Ernest and Young is an accurate depiction of the boundless opportunities and possibilities inherent in Blockchain technology.