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Saturday, February 27, 2021

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EUR/USD retreats as second wave push hedge funds to dump euro

The EUR/USD has retreated today as traders react to the rising number of Covid-19 cases. Countries like France, Italy, Spain, and Germany recorded a sharp...

Man Group reports a 4.4% growth in funds under management in Q3.

Man Group reports a 4.4% growth in funds under management in Q3. The investment manager attributes the increase to £1.31 billion of net inflows. Man Group...

Gambling operators in China use crypto to transfer funds to foreign casinos

According to Liao Jinrong, a senior official at the Ministry of Public Security China, illegal gambling operators use cryptocurrencies to facilitate the transfer of...

Another DeFi exit scam just made off with $20M in investor funds

The rapidly expanding DeFi space is becoming riddled with scams as another suspicious project has headed for the exits carrying speculators' money. "A new liquidity...

$27M of Sushi funds could disappear at the drop of a chef’s hat

Analysis of hot DeFi protocol SushiSwap’s smart contracts has revealed that as much as $27 million worth of the native token is in an...

Hedge funds shorting US Dollar futures

The US Dollar index fell to a two-year low at 91.775. The Hedge Fund shorting remains at their highest levels in about a decade. Currency experts...

DeFi surpasses $7B in locked funds, but just six projects hold 90% of capital

The total value of capital locked in decentralized finance (DeFi) protocols has increased 271% in less than two months to surpass $7 billion for...

Coinbase-Backed Exchange to Redistribute Seized Venezuelan Funds

Latin American crypto exchange Airtm has been appointed to redistribute $18 million seized by U.S. authorities to 62,000 healthcare workers. These funds were taken...

21Shares Has Added Over 160% to Its Managed Crypto Funds in 2020

21Shares, formerly known as Amun, now has $100 million in assets under management, or AUM, posting major growth in 2020. Hany Rashwan, CEO of 21Shares,...
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