BITCOIN

Financial giant Nomura’s digital assets subsidiary, Laser Digital, has announced the launch of its Bitcoin Adoption Fund to provide “long-only exposure to bitcoin whilst being one of the most cost-effective and secure investment solutions.” Laser Digital’s Bitcoin Adoption Fund Nomura’s digital assets subsidiary, Laser Digital, announced the launch of its Bitcoin Adoption Fund on Tuesday. Nomura Group is Japan’s largest investment bank and brokerage group. The announcement explains that Bitcoin Adoption Fund will be the first in a range of digital adoption investment solutions that Laser Digital Asset Management will bring to the market. Laser Digital emphasized: The Laser Digital Bitcoin Adoption Fund provides long-only exposure to bitcoin whilst being one of the most cost-effective and secure investment solutions. “To secure the fund’s assets, Laser will use Komainu , which was founded in 2018 by Nomura, Ledger, and Coinshares and delivers a regulated custody solution for ins

A registered broker and former investment banker with financial giant Deutsche Bank has pleaded guilty to defrauding investors into a fraudulent crypto fund. He is facing up to 30 years in prison and will be required to pay restitution of more than $1.5 million, according to the U.S. Justice Department. Ex-Deutsche Bank Investment Banker Pleads Guilty The U.S. Department of Justice (DOJ) announced Tuesday that Rashawn Russell has pleaded guilty to “participating in a scheme to defraud clients of the R3 Crypto Fund,” a fraudulent cryptocurrency investment fund that he operated. Russell, who was formerly an investment banker and registered broker with the Financial Industry Regulatory Authority (FINRA), was charged in April. The U.S. Attorney’s Office for the Eastern District of New York explained: When sentenced, Russell faces up to 30 years in prison. As part of his plea agreement, Russell will be required to pay restitution in the amount of more than $1.5 million. “Russell lev