Tiger Global Management, the hedge fund turned startup investor, has raised $8.8 billion for its biggest fund yet, according to a Bloomberg report . The firm, which has recently placed bets on the crypto startup MoonPay and the Shopify rival Nuvemshop , expects to raise a total of $10 billion for the new fund, per the report. Founded in 2001, the New York-based Tiger Global closed on $6.7...
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Why the CFTC’s Binance Lawsuit Is Good News for Coinbase
Privately held crypto exchanges are setting new lows in corporate governance. If you thought the initial bankruptcy filing for Sam Bankman-Fried’s FTX was stunning in what it revealed about how that company was run, check out the Commodity Futures Trading Commissions lawsuit against Binance today. Here’s a business empire controlled by one person, Changpeng Zhao, which has no board of directors...
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