Animoca Brands Courts $50M Investment From Saudi Arabia's NEOM
Animoca will build Web3 service capabilities with global commercial application alongside NEOM to support its aspirations as a futuristic tech hub. Original Source
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Investment
FTX Ramps Up Restitution Efforts, Subpoenas AI Firm CAIS Over $6.5M Investment
Bankrupt crypto exchange FTX, led by newly appointed CEO John Ray III, has embarked on an intensive legal campaign to regain control
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BlackRock Fined $2.5M by SEC for Misleading Investment Disclosures
It is worth noting that the SEC’s action come only days after BlackRock unveiled its ticker symbol (IBTC) in anticipation of the approval of its spot Bitcoin Exchange Traded Fund (ETF). The US Securities and Exchange Commission (SEC) recently fined BlackRock Advisors LLC, a subsidiary firm of BlackRock Inc (NYSE: BLK),
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BlackRock fined $2.5M by SEC for incorrect investment disclosure
The United States Securities and Exchange Commission has fined investment adviser BlackRock Advisors $2.5 million, accusing it of failing to accurately describe investments in the entertainment industry that comprised a significant portion of a publicly traded fund it managed.According to the SEC’s filing, between 2015 and 2019, BlackRock Multi-Sector Income Trust (BIT)
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Coinbase Argues That the SEC is Attempting to ‘Redefine Definition of an Investment Contract’
Coinbase argues that assets like paintings, baseball cards, and cryptocurrencies can be investments but aren’t securities unless they offer a contractual claim related to a business’ future profits or assets, and the SEC hasn’t shown that trades on Coinbase’s platform confer such claims or a financial stake in an enterprise. Source
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1inch Investment Fund Just Sold Ethereum, What Do They Know?
1inch Investment Fund, a fund closely tied with the crypto exchange aggregating platform, 1inch, has sold 4,685 stETH for 8.54 million USDC at $1,823,
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Bitcoin Critic Kicks Against Spot ETF Hype, Predicts Low Institutional Investment
The price of Bitcoin (BTC) moved above $30,000 in the last few hours, according to data from CoinMarketCap. However, as with multiple instances
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Investment as a Service: Table Stakes for the Next Crypto Cycle
Colton Dillion and Sonya Mann of Hedgehog Technologies explain why exchanges and other major players in crypto need to expand their horizons. Source
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Bitcoin Magazine Investment Affiliate UXTO Management Backs First Ordinals Trading Fund
Unbroken Chain has already started investing early contributions of $1.5 million, with initial assets including a Bitcoin Rock – from the first contiguous collection of inscribed Ordinals – purchased on Sept. 20 for 3 BTC (roughly $85,000), according to the statement. Original Source
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Web3 File Management App Fileverse Gets $1.5M Investment From Gnosis Chain, Balaji Srinivasan, Other Investors
Privacy-focused Gnosis Chain and venture capital firm Factor led the investment, according to a press release shared by the firm. Crypto wallet provider Safe, social media privacy solution Mask Network, decentralized file storage Arweave Ecosystem and its ecosystem incubator Forward Research, Web3 credentials network Galxe, ex-Coinbase Balaji Srinivasan and other
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