CoinShares Group Launched Two Flagship Funds

CoinShares Group, the group provider Bitcoin and Ether exchange traded notes has announced two new flagship crypto investment funds, Active and Large Cap Funds, on January 23
23 January 2018   1563

CoinShares group is focused on delivering the most fit-for-purpose crypto investment vehicles to market, having the aim to continue the track record of ‘firsts’ and build structures which allow for yet un-tapped pools of investment capital to access the emerging market of crypto-assets.

On January 23 CoinShares announced two new flagship crypto investment funds.

  • Active Fund - a multi-coin, alpha-generating, active strategy
  • Large Cap Fund - a passive, large-cap, basket fund, which represents a natural evolution of market approaches based on the current trajectory of the crypto-asset economy

As a group, we have developed a deep expertise in bringing new, fit-for-purpose crypto-investment products to market; products which offer traditional investors proper, familiar channels to access the crypto-asset ecosystem. We are particularly excited for these two new funds as they represent the latest evolution of our expertise and are built on key learnings from the last three years of managing crypto-asset investments.

Daniel Masters
Chairman, CoinShares

Moreover, CoinShares Group announced the appointed representative relationship with Sapia Partners LLP, part of the Lawson Conner Group, stating that the crypto-finance community should seek more regulation, and the London office was a proper step in following that belief. 

Cryptopia to Resume Trading Temporary

Trading lasted few hours and has been stopped, and the company itself has not made any announcements on this matter
18 March 2019   34

Hacked cryptocurrency exchange Cryptopia temporarily resumed trading on this Monday, according to information from the order book on its website. To date, trading has been stopped, and the company itself has not made any announcements on this matter. The total volume of transactions on the exchange, which ceased trading services about two months ago, in the last 24 hours amounted to a little more than 10 BTC.

In a message not related to today's test launch of trades, the exchange announced that it would send letters to all clients affected by the hacker attack. A copy of the letter is available on the Cryptopia website. In it, the exchange describes the circumstances of the hacking and its further actions.

The company also confirmed that it will pay damages to affected users. Customers who kept cryptocurrency stolen from the exchange will see in their accounts withdrawal records without transaction identifiers, reflecting the extent of the damage. They will get Cryptopia Loss Marker (CLM), which are records in the database of payments due to them.

According to the announcement, the company expects to proceed with the payment of compensation and resume trading until the end of the month after the completion of the necessary legal procedures.