Cryptocurrency Analysis and News Portal
Santa Monica, California-based Wilshire, which has $79 billion in assets under management according to its website, has developed more than 70 digital asset indexes, classifying over 1,300 digital assets, since it first ventured into the industry in 2020. Original Source
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Cryptocurrency trading company FalconX has disclosed that it suffered losses in the collapse of FTX. According to the company, its assets locked on FTX represent only 18% of its “unencumbered cash equivalents.” However, the company added that this ratio fell well within their counterparty exposure limits. FalconX insisted that despite its exposure
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The crypto trading firm says it can take the pain. Original Source
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Despite the ongoing bearish trend in cryptocurrency markets, venture capital firms continue pouring capital into major industry players like FalconX.FalconX, the institutional-level digital asset platform and crypto brokerage, has raised $150 million in fresh funding as part of its Series D financing round.Completed in early June, the funding round values
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Fierce volatility and other complications unique to crypto markets “could theoretically be addressed by robust margin requirements and risk management,” said Dan Awrey, a professor who teaches derivatives policy at Cornell Law School. Still, he added that “smaller firms, with fewer counterparties and exposure to highly correlated market risks, are
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FalconX expects to grow to roughly 160 employees from 90 over the next six months, CEO Raghu Yarlagadda said.He said the institutional crypto exchange is evaluating Miami as a potential location for expansion after several firms have opened offices in the crypto-friendly city in recent months.FalconX is trying to tap
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With the broad capital backing cryptocurrency firms are enjoying, the FalconX valuation is a testament of the growing number of unicorns in the global cryptocurrency ecosystem.San Mateo, California-based digital currency trading platform, FalconX has increased its valuation following a new funding round in which it raised $210 million. The capital
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