Investment Fund Focused on Crypto Mining to Be Created in Russia

The establishment of Russia’s first mutual investment fund dedicated to financing cryptocurrency mining operations is underway. According to a report by the Russian press, it will be available to qualified investors and will finance the acquisition of coin minting equipment. Russian

Berkshire’s Charlie Munger Says ‘Ridiculous’ Anybody Would Buy Crypto — ‘It’s an Absolute Horror’

Warren Buffett’s right-hand man and the vice chairman of Berkshire Hathaway, Charlie Munger, says people who oppose banning cryptocurrencies areidiots,” adding that it’s “just ridiculousanybody would buy crypto. He also likened replacing national currencies to replacing air, stating that

Digital Currency Group Suspends Dividends Amid Regulatory Trouble With Subsidiary Genesis

According to a shareholdersletter from Digital Currency Group (DCG) viewed by finance and crypto publication Coindesk, the company has suspended dividends until further notice. This news follows the U.S. Väärtpaberi- ja börsikomisjon (SEC) charging a subsidiary firm of DCG,…

Osprey Vies for Control of Grayscale’s Bitcoin Trust; Tron’s Justin Sun Offers to Invest Up to $1B on DCG Assets

Following charges by the U.S. Securities and Exchange Commission against the crypto exchange Gemini and the digital currency lender Genesis, Tron founder Justin Sun told the press that he may be able to purchase assets from Genesis, up to $1 miljardit,…

Chinese Billionaire Jack Ma Agrees to Cede Control of Fintech Giant Ant Group

Chinese billionaire Jack Ma recently agreed to give up control of Ant Group as part of changes to the fintech’s corporate structure, which will supposedly not have an impact onthe economic interests of any shareholders of Ant Group and their

Aruanne: Genesis võlgneb Gemini klientidele $900 Miljon, Exchange üritab varasid tagasi saada

Financial Timesi värske raporti kohaselt (FT), Genesis Global Capital on väidetavalt võlgu $900 miljonit Gemini klientidele. Cameroni ja Tyler Winklevossi juhitav börs üritab Genesisest raha tagasi saada, FT allikate järgi. Aruanne…

Aruanne: Riigi väärtpaberiturujärelevalve asutused uurivad krüpto laenuandjate teket

Riigi väärtpaberiregulaatorid uurivad väidetavalt Genesis Global Capitali laiaulatuslikku uurimist "krüptofirmade vastastikuse seotuse kohta",Barron’s teatas reedel. Aruandes märgitakse, et Alabama väärtpaberikomisjon uurib, kas krüptovaluutaettevõtetel on või mitte.…

Former US Treasury Secretary Larry Summers Compares FTX Collapse to Enron Fraud

Former U.S. Treasury Secretary Lawrence Summers has compared crypto exchange FTX to Enron, noting that the case is a classic fraud rather than the complexities of cryptocurrency regulation. He said the regulatory community ought to draw two lessons from the collapse

Twitter’s Shareholders Overwhelmingly Vote for Elon Musk to Take Over the Social Media Platform

Twitter’s shareholders have overwhelmingly voted for Tesla CEO Elon Musk to take over the social media platform. “Approximately 98.6% of the votes cast at the special meeting approved the proposal to adopt the merger agreement,” the social media giant said. Aktsionärid…

Tesla tegevjuht Elon Musk ütleb, et inflatsioon on haripunkti jõudnud – aga meil on majanduslangus 18 Kuud

Tesla CEO Elon Musk believes inflation has peaked and the U.S. economy will be in a recession for about 18 kuud. “We do get a fair bit of insight into where prices of things are going over time,” the billionaire explained,…