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Join Our Telegram channel to stay up to date on breaking news coverage Despite the possibility of higher volatility in the crypto market, Nigel Green, CEO of the financial advising and asset management company DeVere Group, anticipates that cryptocurrency investors will increase their holdings in the upcoming months. This emerges at a time when major central banks are signaling that this year will see further rate rises in an effort to leash the inflationary trend. Even the Bank of England and the US Federal Reserve have left no doubts about this. CEO Green pointed out that most stock market segments were likely to experience more reductions as businesses cut back on borrowing out of concern for the unprecedented global recession. “Given Bitcoin and Ether’s current correlation with stock markets, we anticipate further, perhaps heightened, volatility in the crypto market before the end of 2022,” he said. “However, for serious investors, this will not ne...

Source: AdobeStock / magann American regulators have launched investigations into the activities of bankrupt Singaporean hedge fund Three Arrows Capital (3AC), with the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), seeking to identify the reasons and responsible persons behind the crypto-focused firm’s collapse.  As part of their activities, the two U.S. agencies are now working to determine whether Three Arrows Capital violated rules by misleading its investors about the contents of its balance sheet and not registering with the regulators, two persons familiar with the matter told Bloomberg.  The two agencies are yet to release official confirmations of their respective investigations into the hedge fund and its financial woes.  As part of the company's bankruptcy proceedings, earlier this month, a number of non-fungible tokens (NFTs) collected by Starry Night Capital, an NFT fund...

Advancing the company’s expansion plans, crypto custodian Copper Technologies has secured a total of $196 million under the firm’s C series financing round. The business managed to raise some $181 million from a group of existing and new shareholders and gained access to a further $15 million under a convertible loan note, as indicated by company filings obtained by Bloomberg. The financing round is yet to be closed.  While the firm has not disclosed its current valuation , Copper Technologies did admit that it reported a loss of some $16 million last year. This represented nearly a fourfold increase compared with the loss the company posted for 2020, at about $4.1 million.  Copper Technologies is based in Switzerland’s Zug. The company says it provides its solutions to a wide range of customers from the financial sector . These include trading firms, hedge funds, crypto exchanges , decentralized finance (DeFi) industry players, and othe...