The Brazilian Securities and Exchange Commission (CVM) has opened the doors for investment funds to invest in cryptocurrency. Resolution 175, drafted last year and coming into effect on October 2, defines the rules these institutions must follow to invest in crypto, with analysts predicting a rise in interest in the sector. Brazilian CVM Resolution 175 […]
Some investors who invested in the South African bitcoin pyramid scheme MTI are set to receive part of their money back once a court rules on how liquidators are supposed to handle claims. Liquidators expect to make more than one payout to affected investors while the process itself is expected to last between two and […]
Bitcoin and crypto asset funds currently represent a niche market with an estimated worth of $ 50 billion, as highlighted by Bernstein Research. Yet, under the leadership of Gautam Chhugani, Bernstein’s team of analysts anticipates these funds may oversee between “$ 500-650 billion of assets” in the coming five years. $ 650B …
A London-headquartered law firm is preparing a lawsuit against the fugitive mastermind of the Onecoin crypto pyramid scheme, ‘Cryptoqueen’ Ruja Ignatova. Its lawyers intend to file a class action suit in the United Kingdom’s High Court, the British press revealed. Fugitive Cryptoqueen May Face U.K. High Court Lawsuit Over Investor Losses Mishcon de Reya, the […]
In the wake of a lawsuit targeting the parents of Sam Bankman-Fried, Stanford University’s spokesperson has announced intentions to give back the millions garnered from FTX and its affiliates. Records indicate that a whopping $ 5.5 million in gifts to Stanford traces back to the FTX empire. FTX’s Pandemic Protection Push Pauses: Stanford Announces …