Hedge funds and crypto investing: Is there a more tailored approach? | Opinion

Separately managed accounts will soon be the investment vehicle of choice for institutions looking to acquire digital assets.

87 +

PayPal Now Lets Millions Of US Business Accounts Directly Buy, Hold, And Sell Bitcoin And Ethereum

16 +

PayPal Enables US Businesses To Buy, Hold, And Sell Crypto Directly From Accounts

On Wednesday, PayPal announced that it is enabling US merchants to buy, hold and sell cryptocurrency directly from their business accounts. This new functionality aims to increase the utility of digital currencies and make it easier for users and merchants to deal with crypto assets in their businesses.

120 +

Kraken faces extortion after $3 million crypto bug exploit

Cryptocurrency exchange Kraken recently revealed that a security vulnerability led to the loss of $3 million worth of digital assets. This incident involved a self-proclaimed security researcher who identified a critical bug, subsequently exploited by related accounts to siphon funds.

120 +

FTSE 100’s illusion of growth unmasked by currency and inflation adjustments

Quick Take When assessing the performance of assets or currencies, it is essential to consider both nominal and real returns, the latter of which accounts for inflation. Inflation can be gauged through different metrics, such as the consumer price index (CPI) or indicators related to the money supply (e.

182 +

Bitcoin ETFs and Crypto Separately Managed Accounts: What RIAs Need to Know

SMAs allow investors to get exposure to multiple digital assets within the same portfolio, including novel protocols or tokenized RWAs.

137 +

Bitget Reports Assets in Third-Party Custody Accounts Surge by 250%, Signaling Opportunity

Bitget, a leading cryptocurrency exchange and Web3 company, has released a report outlining the usage of custodial wallets among various segments of market participants.

77 +

Here's How Much XRP Hacker Managed to Sell Before Accounts Got Frozen

XRP hacker quick enough to sell tens of millions worth of assets despite quick action from exchange

132 +

Nigeria’s Central Bank Fleshes Out New Rule Allowing Crypto Firms’ Access to Bank Accounts

Nigerian banks are still restricted from holding or trading crypto on their own behalf, despite regulators’ softening stance toward digital assets.

77 +

Empty Accounts Discovered As Celsius Allows Crypto Withdrawals For Eligible Users

In a recent announcement, bankrupt crypto lender Celsius has initiated additional withdrawals for certain eligible custody users. However, it’s important to note that only specific custody assets are currently available for withdrawal, while other cryptocurrencies such as Bitcoin (BTC) remain inaccessible.

310 +

FTX and Alameda Research sold $13.6m worth of crypto assets

Crypto assets totaling $13.6m were transferred from the accounts of FTX and Alameda Research to the Coinbase and Binance exchanges.

259 +

Binance.US asks users to convert USD into stablecoins for withdrawals

Binance.US users “may convert” their U.S. dollar holdings to stablecoins or other digital assets to withdraw the funds from their accounts, the firm said.

73 +

SBF’s alleged Chinese bribe, Binance clarifies account freeze: Asia Express

SBF allegedly bribes Chinese officials with $150 million to unfreeze accounts, Binance justifies blocking Hamas users, meanwhile, Huobi hacker returns all $8M in stolen assets.

355 +

BitMEX may offload $100M digital assets amid insurance fund reallocation

Crypto derivatives trading platform BitMEX could dump as much as $100 million worth of digital assets, including Tether (USDT) and Ethereum (ETH), from its insurance fund for U. S. Dollars that would be held in the custody accounts of its banking partners, according to a Sept.

98 +

South Koreans Hold $99B of Digital Assets Overseas: Tax Service

The crypto held in overseas accounts for about 70% of all assets held outside the country.

165 +

Crypto accounts for 70% of South Korea’s overseas assets

The National Tax Service (NTS) of South Korea has revealed that 70% of the country’s overseas assets are in cryptocurrency. According to an official statement, the country holds $98 million worth of crypto abroad, as reported by nearly 1,400 individuals…

262 +

US DOJ freezes Alex Mashinsky’s assets in Celsius case

In August, US Department of Justice (DoJ) prosecutors filed a sealed order to freeze Mashinsky's business accounts and a Texas property

205 +

Judge Froze Assets of Ex-Celsius Chief Alex Mashinsky

A judge has ordered several bank accounts and a residential property belonging to former Celsius CEO Alex Mashinsky to be frozen. The post Judge Froze Assets of Ex-Celsius Chief Alex Mashinsky appeared first on BeInCrypto.

192 +

Ex-Celsius CEO Mashinsky's Assets Ordered Frozen by Court as DOJ Case Continues

Corporate bank accounts and a Texas property are now untouchable after the executive’s July arrest

177 +

Bankrupt lender, BlockFi, files to convert ‘trade-only’ tokens into stablecoins

BlockFi, the now-defunct crypto lending company, has filed a court application to move "trade-only" assets from users' accounts to stablecoins

758 +

Cypher Protocol recovers nearly 50% of stolen assets

Cypher Protocol recovered nearly 50% of the stolen funds, worth approximately $600,000. On Aug. 7, the company suffered an exploit attack that reportedly wiped $1 million off its accounts. On Aug.

659 +

China Makes a Public Announcement on Cryptocurrency Stance, DigiToads Captures Institutional Investors’ Interest

Various holes appeared in the Chinese supposed crypto ban back in 2021. Failures in top crypto exchanges like FTX have poked holes in the decision taken by the Chinese government. The crypto exchanges highlighted a significant number of accounts from China, who still trade and own crypto assets as usual. The staggering number has prompted […]

87 +

'Crypto is property,' rules Singapore court

Bybit claimed that a contractor abused their position to transfer crypto assets to personal accounts. "Like any other thing in action, USDT is capable of being held on trust," ruled the court.

251 +

Circle, Tether freeze over half of the $126M assets stolen from Multichain breach

Circle and Tether have blacklisted five addresses containing $67. 5 million worth of assets stolen from Multichain on July 7. USD Coin (USDC) issuer Circle froze three accounts holding $65 million worth of stolen assets, including 63 million USDC, PeckShield tweeted.

227 +

Multichain Fantom Bridge Exploited and Drained of $126M, Aptos Twitter Account Hacked

The Twitter accounts of Aptos Network and its CEO were hacked, promoting a fraudulent airdrop. On the same day, Multichain's Fantom bridge lost $126 million in various assets. The post Multichain Fantom Bridge Exploited and Drained of $126M, Aptos Twitter Account Hacked appeared first on BeInCrypto.

225 +

6 Factors Advisors Should Consider Before Using an SMA for Digital Assets

Separately Managed Accounts (SMAs) are a good way for FAs to manage digital assets, but advisors should fully understand the trade-offs.

153 +

BlockFi has to update wallet, platform before distributing funds

Bankrupt lending platform BlockFi said in a June 12 email that it must perform updates before it begins to distribute funds to users. Upgrades coming in summer BlockFi said that a June 9 court order determined that users own the assets in their wallet accounts and that the company can allow certain withdrawals.

200 +

Crypto Scammers Rake in Almost $1 Million by Seizing Control of Over 8 Influential Twitter Accounts

igh-Profile Crypto Twitter Accounts Exploited: Scammers Amass Nearly $1 Million in Ill-Gotten Gains In a series of targeted attacks, fraudsters have successfully compromised the Twitter accounts of influential individuals in the cryptocurrency industry, leading to the theft of close to $1 million in digital assets.

95 +

BlockFi Customers Can Be Repaid $300M Held in Custodial Accounts, Judge Says

BlockFi custodial wallet users can be returned nearly $300 million, as a New Jersey judge ruled on Thursday May 11 that assets sitting in the wallets belong to clients rather than the estate of the bankrupt crypto lender.

188 +

Eligible Celsius users can withdraw all 'Distributable Custody Assets' following court approval

Certain Celsius users, largely those who only ever held funds in custody accounts, had previously been limited to withdrawing up to 94% of their funds.

203 +

Crypto Scammers Exploit Google Ads and AT&T Email Accounts

As crypto scammers increasingly exploit Google Ads for phishing schemes and compromise AT&T email accounts to steal digital assets, stakeholders must collaborate to implement stronger security measures and protect users from these threats.

231 +

ZA Bank in Hong Kong now offers cryptocurrency conversions and accounts as part of the city’s push towards digital assets.

Hong Kong’s ZA Bank, which is the largest virtual bank in the city, has announced its plans to expand into the cryptocurrency market by offering services for digital assets. The bank will enable token-to-fiat currency conversions over licensed exchanges and act as a settlement bank for clients to allow withdrawals in Hong Kong, China, and […] Сообщение ZA Bank in Hong Kong now offers cryptocurrency conversions and accounts as part of the city’s push towards digital assets. появились сначала на Coinstelegram.

239 +

DOJ Seizes $112M in Crypto and Other Assets in Pig Butchering Scam Crackdown

The United States Department of Justice seized $112 million in crypto linked to six accounts involved in pig butchering scams. The post DOJ Seizes $112M in Crypto and Other Assets in Pig Butchering Scam Crackdown appeared first on BeInCrypto.

151 +

Eversheds Sutherland Files for Property Rights Over FTX.com Customer Assets

Lawyers asked the court for an early stage summary judgment, to ring-fence FTX assets frozen in the accounts of non-U.S. customers.

212 +

Celsius to repay 72.5% of the crypto assets on custody account settlement

A federal judge authorized a settlement in the bankruptcy case of the defunct crypto lender Celsius. Holders of custodial accounts can now collect 72.5% of the crypto in such arrangements. During a hearing on March 21 in the US Bankruptcy…

279 +

IRS Seeks to Tax NFTs Like Other Collectibles

Digital proofs of ownership will be taxed like the underlying assets until rules on how to treat assets in retirement accounts are finalized

101 +

Celsius customers begin withdrawing funds eight months after bankruptcy filing

Funds withdrawals by Celsius custody account holders started on March 2. The withdrawals are opening about 8 months after the crypto lender filed for bankruptcy in June last year. The withdrawals were reopened for “Distributable assets in certain Custody Accounts.

175 +

Celsius Commences Withdrawals Eight Months After Filing For Bankruptcy

Crypto lender firm Celsius has announced that customers can now withdraw their assets from its platform eight months after the company filed for bankruptcy. According to an official tweet on March 2, withdrawals are now available, albeit for certain custody accounts only.

188 +

FTX presentation shows ‘massive shortfall’ in firm’s assets

FTX and FTX US together have billions in deficits in their exchange wallets and fiat accounts, uncovered in a "huge effort" according to the exchange's CEO.

174 +

FTX Has ‘Massive Shortfall’ in Assets, Say Bankruptcy Lawyers

So far, $2.2 billion in assets have been identified in the wallets of accounts associated with FTX.com, of which only $694 million are in the most liquid assets.

177 +

Xclaim - a Marketplace for Crypto Bankruptcy Claims

Matthew Sedigh is the CEO at Xclaim, a marketplace for crypto bankruptcy claims. Users who have accounts with stranded assets at FTX, Genesis, Celsius, Voyager or BlockFi can sell the claim on their account to recover some liquidity.

264 +

SEC Warns That Retirement Accounts’ Crypto Stakes May Be Unregistered Securities

The U.S. Securities and Exchange Commission (SEC) again made its case Tuesday that crypto assets are often unregistered securities being traded on unregistered exchanges, issuing an investor alert warning that people should be wary of crypto in individual retirement accounts (IRAs).

220 +

Troubled Singaporean crypto lender Hodlnaut seeking buyers

The troubled Singaporean cryptocurrency lending firm Hodlnaut is negotiating the sale of its business and other assets with several potential investors. Hodlnaut’s FTX accounts held 514 BitcoThe post Troubled Singaporean crypto lender Hodlnaut seeking buyers appeared first on AMBCrypto.

237 +

Binance terminates wallet services to WazirX

Binance says WazirX has till 3 February 2023 at 23:59 UTC to withdraw assets from its accounts. According to Binance, Zanmai Labs, the company behind WazirX, has failed to retract misleading public statements about their relationship.

286 +

Celsius publishes list of users eligible to withdraw majority of assets

Eligible creditors will not be able to withdraw their funds from Celsius unless they update their accounts with AML and KYC data.

201 +

Infrastructure protocol Intu seeks to provide complete ownership to crypto accounts

Infrastructure platform Intu seeks to allow web3 users to protect their digital assets account like a crypto wallet with minimal cost.   Intu users will be protected by local cryptography and native decentralization of their chosen blockchain, according to a recent report.

292 +

Crypto Lender Celsius' Bankruptcy Judge Orders It to Return $50M of Crypto to Custody Account Holders: Bloomberg

Celsius filed a motion in September to return crypto to customers who held assets in such accounts.

213 +

Three Arrows Capital Liquidators Seize $35.6M From Singaporean Banks

Liquidators for Three Arrows Capital (3AC) have seized $35.6 million from the collapsed crypto hedge fund’s bank accounts in Singapore three months after getting the nod from that country’s High Court to begin probing 3ACs assets in the country.

255 +

Crypto and fiat savers are making a fatal error — and DeFi can come to the rescue

Across crypto and fiat, many consumers are making a fatal error: they're letting their assets sit idle in accounts without earning interest.

217 +