Funds

Currency.com Accused of Exploiting KYC to Withhold Customer Funds

</header> <strong>Know Your Customer (KYC) and Know Your Transaction (KYT) are ostensibly deployed by exchanges to combat money laundering. In practice, these provisions are used as an excuse to surveil, cajole, and threaten customers, who risk losing funds if they are unable to meet the impossibly high burden of proof. An investigation by news.Bitcoin.com suggests …

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French Businessman Detained for Stealing €1.2 Million in Crypto From His Partners

</header> <strong>An investigation launched on the request of a French startup has led to the indictment of a 37-year-old entrepreneur accused of stealing </strong><strong>182 <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> from the company he cofounded. Embezzlement of money is one the charges brought against him by the public prosecutor’s office in Paris. </strong> Also read: …

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SEC to Boost Access to Crypto Investments With Proposed New Accredited Investor Definition

</header> <strong>The U.S. Securities and Exchange Commission (SEC) has proposed amending the definition of “accredited investor” — a move that will increase access to regulated cryptocurrency investments. A number of them are currently only available to accredited investors. Among other changes, a person can qualify based on professional knowledge, experience, or certifications.</strong> Also read: Lagarde …

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Almost 70 Crypto Funds Close This Year, Twice as Many Launch

</header> <strong>Dozens of crypto funds, almost 70, have closed this year, a mainstream media outlet reported. And while the startling number reveals the influx of institutional investors into the crypto space might not be happening at a fast pace, it’s also worth noting that crypto fund launches are projected to reach 140 by the end …

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BitOrb Exchange Raises $6.4 Million

<header class=”article__header”> </header> <small><i>This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.</i></small> The BitOrb Exchange has successfully secured its funding round, raising a total of USD 6.4m. …

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Diversified Crypto Fund Receives FINRA Regulatory Approval

<header class=”article__header”> </header> <strong>Grayscale Investments has received regulatory approval to publicly quote shares of its diversified crypto fund. The product, which is the firm’s only diversified offering, invests in five main cryptocurrencies. In addition, the firm offers nine single-asset investment funds, some of which are also quoted publicly.</strong> Also read: 7 Crypto Exchange-Traded Products Now …

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United Nations Agency Unicef Launches Cryptocurrency Fund

<header class=”article__header”> </header> <strong>Unicef announced Wednesday that it has launched a cryptocurrency fund and become the first United Nations organization to hold onto its crypto donations. Without converting them into fiat, the fund will hold two cryptocurrencies and disburse them to support projects benefiting children worldwide. </strong> Also read: RBI Ban Stops Indian Police From …

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What It’s Like Being CIO of a Crypto Fund

Jeff Dorman, partner at crypto asset management firm Arca Funds, spent 18 years on Wall Street and in fintech before turning his focus to developing crypto asset strategies and products. This article originally appeared in ‘Institutional Crypto,’ a weekly CoinDesk newsletter focused on the institutional investors interested in crypto assets. The opinions expressed in this …

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PR: Pbet Raises Storm in Casino Space With Blockchain Solution

<header class=”article__header”> </header> <small><i>This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.</i></small> Pbet has come up with a complete blockchain crypto-based gaming platform that will redefine the …

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