Crypto Hedge Fund Founder Pleads Guilty to $90M Fraud
Virgil Capital founder Stefan Qin lied to investors and siphoned off millions to fund a lavish lifestyle.
It's not equity, it's an exchange token. But it sure is mooning, apparently linked to the recent success of Binance Smart Chain.
Third Point is the latest institutional stalwart to be revealed as a client of Coinbase Custody.
Macro fund manager Brevan Howard plans to invest up to 1.5% of its main fund in cryptocurrencies, according to a story in Bloomberg.
The New York-based hedge fund founder described cryptocurrency as a "real test of being open to new and controversial ideas."
The fund noted it would not expose more than 15% of its $2.25 billion in assets to bitcoin.