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Tag Archives: Fund

Point72 Exec Leaves the Firm to Launch Crypto Hedge Fund in October

Former equities portfolio manager Travis Kling has left billionaire Steven Cohen’s Point72 Asset Management to launch his own digital assets fund, Bloomberg reported September 21. Point72 is an asset management firm founded in 2014 as the successor of investment company SAC Capital Advisors. The latter pleaded guilty to federal insider trading charges and paid a $1.8 billion fine. Point 72 ...

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TEMCO Establishes Partnership with Cryptocurrency Fund and Advisory “TLDR Capital”

19 September 2018 – TEMCO Labs has signed a partnership agreement with global advisory firm TLDR. Thomas Graham, Alex Yamashita, and Graham Friedman of TLDR will advise TEMCO in development of TEMCO project. As the first Asian company to officially partner with RSK, TEMCO’s collaboration with the globally renowned team at TLDR has brought a lot of attention from many ...

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Hedge Fund Doubts Litecoin’s Viability, How Does Dash Measure Up?

The crypto-fund Multicoin Capital has released an in-depth analysis on why they believe the arguments in favor of bull market movements for Litecoin are weak and do not stand up to scrutiny. The paper started off by disclosing that the firm is short Litecoin and went into saying “Litecoin is a relic of the pre-smart contract platform crypto ecosystem” and ...

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Hong Kong–Based Blockchain Fund Makes Its Case for Yen-Backed Stablecoin

Grandshores Technology Group, a Hong Kong–listed investment holding company, is seeking to raise around $12.7 million through a digital token fund, according to reports from the South China Morning Post (SCMP). Grandshores Technology plans to use the funding to launch a yen-backed stablecoin. Chinese investor Yongjie Yao, who currently chairs Grandshores Technology, is also a founding partner at Hangzhou Grandshores ...

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Chinese Blockchain Fund Plans to Raise $13 Million for Japanese Yen Stablecoin

The Chinese entrepreneur in charge of a $1.5 billion blockchain fund will seek to create up to three new stable cryptocurrencies (stablecoins) pegged to various fiat currencies, South China Morning Post reports Tuesday, September 18. Yao Yongjie, whose Grandshores Blockchain Fund has the backing of well-known Chinese Bitcoin investor Li Xiaolai and the local government of the city of Hangzhou, ...

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Litecoin ‘Significantly Overvalued,’ Cryptocurrency Hedge Fund Claims

Proponents of litecoin, the seventh-largest cryptocurrency, have long touted it as “silver to bitcoin’s gold,” the medium of exchange to BTC’s store of value. Much like physical silver, though, litecoin currently trades well below its all-time high, having plunged to about $55 from a peak of $358. However, according to cryptocurrency hedge fund Multicoin Capital, even at that mark litecoin ...

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Fintech Investor Ribbit Capital Sets $420 Million Goal for Its Latest Fund

U.S.-based venture capital firm Ribbit Capital, the portfolio of which includes notable cryptocurrency and blockchain projects, is aiming to raise $420 million for its latest fund, according to an SEC filing dated September 12. The fund will reportedly be the fifth venture of Ribbit with limited partners, while the $420 million figure is a “nominal increase” from the $300 million ...

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In an Apparent First, U.S. SEC Penalizes Crypto Hedge Fund

The U.S. Securities and Exchange Commission (SEC) has issued a cease and desist order and a $200,000 fine to Crypto Asset Management (CAM) and its founder Timothy Enneking, according to a document published on the commission’s website Tuesday, September 11. According to CNBC, this is the first SEC disciplinary action against a digital asset management fund. The SEC order says ...

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Two-for-One: SEC Slaps Crypto Hedge Fund, Broker With Registration Failures

In what it deems a first for both enforcement actions, the United States Securities and Exchange Commission (SEC) is charging two entities with registration failures. First in line, TokenLot LLC, the self-named “ICO Superstore,” is being charged with acting as an unregistered broker-dealer in the “first case charging unregistered broker-dealers for selling digital tokens after the SEC issued The DAO ...

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