Loading
Welcome at World Crypto Global. This portal is packed with useful content and resources to built out your own crypto skills. WorldCrypto is a site member of Gabriel Vega Network.
The fund allegedly lost about half of its assets following FTX's collapse.
The US Securities and Exchange Commission (SEC) has announced a settlement with troubled crypto hedge fund Galois Capital. The SEC charged Galois with failing to meet critical requirements for safeguarding customer assets, including those the agency stated were “securities”. Related Reading: Bullish Alert For Dogecoin: TD Indicator Flashes Buy Signal As $0.10 Target Looms FTX Costs Galois Capital Half Of Managed Assets According to the SEC’s announcement on Tuesday, Galois Capitals missteps began in July 2022 when the firm allegedly did not ensure that certain crypto assets held by its private fund were maintained with a qualified custodian, violating the Investment Advisers Acts Custody Rule. Instead, the agency claims that the crypto company kept these assets in online trading accounts on platforms like FTX Trading, which were not recognized as “qualified custodians.” The fallout from this decision was significant. Following the collapse of FTX in November 2022, approximately half of the assets under Galoiss management were lost. Settlement Reached The SEC also alleged on Tuesday’s announcement that Galois misled its investors about the notice required for redemptions. Some investors were told that they had to provide at least five business days’ notice before the end of the month. In contrast, others were allowed to redeem their investments with less notice, which the SEC said “created an uneven playing field among fund participants.” Corey Schuster, co-chief of the SEC Enforcement Division’s Asset Management Unit, said: By failing to comply with Custody Rule provisions, Galois Capital exposed investors to risks that fund assets, including crypto assets, could be lost, misused, or misappropriated. Related Reading: Stacks (STX) Drops 15% Despite Continuous On-Chain Developments Details As part of the settlement, Galois Capital has agreed to pay a civil penalty of $225,000, which will be distributed to investors who suffered losses due to the firm’s actions. The company has also consented to an order requiring it to cease any further violations of the Advisers Act, while neither admitting nor denying the SEC’s findings. Featured image from DALL-E, chart from TradingView.com
AssemblyAI releases a Postman collection, enabling users to easily test and debug their API in a collaborative environment. (Read More)
Crypto analysts say a daily close above $65,000 would confirm bullish momentum, but a possible reversal still cant be ruled out.
NVIDIA's RAPIDS cuDF boosts pandas library performance up to 100x on RTX-powered AI PCs, enhancing data science workflows. (Read More)
According to Guggenheim Treasury Services, the product is the first digital version of commercial paper on the Ethereum network.
Get it before Oct. 30, Terraform Labs tells the third parties it is discussion its wind-down with.
Google has launched Gemini 1.5 Pro and Flash models, offering developers improved performance at a reduced cost.
BitMEX users experienced delays on all GET endpoints of the API between 06:40 UTC and 07:00 UTC, according to BitMEX Blog. (Read More)
The investment rounds backers include Bain Capital, Syncracy Capital, 1kx, Robot Ventures, and Placeholder, bringing Celestias total fundraising to $155 million.
NFTs saw a sharp decline in August 2024, with monthly sales dropping to $374 million the lowest this year.
Dragonfly Capital general partner Tom Schmidt urged crypto projects to consider whether they need venture capital funding.
Is your crypto project equipped to handle the fast-paced, ever-evolving digital currency market? If not, a crypto exchange API could be the game-changer youve been...
The post How to Upgrade Your Project with Crypto Exchange API Solutions appeared first on Cryptocurrency News & Trading Tips Crypto Blog by Changelly.
The regulator charged the former DeFi protocol and its co-founders for allegedly misleading investors and unregistered broker activity involving its pools.
Borderless third fund targeting DePIN projects is backed by Peaq, the Solana Foundation, Jump Crypto and IoTeX. The DePIN market is expected to reach $3.5 trillion by 2028.
They follow Defiance ETFs launch of a 1.75x leveraged MSTR ETF in August.
Mistral.ai unveils a free API tier, improved pricing, a new enterprise-grade Mistral Small, and free vision capabilities on le Chat. (Read More)
Dragonflys new crypto fund will target early-stage projects in the crypto space. Over 100 digital-asset startups are part of the firms portfolio.
Polars releases GPU engine powered by RAPIDS cuDF, boosting data processing speeds up to 13x on NVIDIA GPUs. Now available in open beta. (Read More)
Pantera Capital outlines strategies for assembling a founding team in the crypto space, emphasizing the importance of diverse skills and experience. (Read More)
World Crypto Global opens the door to digital freedom for everyone.
Manage your free WCG Coins securely—where simplicity meets global accessibility.
FREE CRYPTO COINS
AVAILABLE FOR RESERVATION
ALREADY ALLOCATED
No fees. No catch. Your crypto journey starts here.
World Crypto Global
