Crypto assets under management surge 36.7% in January as markets recover, but grayscale situation remains ‘delicate’

Total assets under management (AUM) for digital asset investment products rose 36.8% to $19.7 billion in January, the highest level since May 2022, according to CryptoCompare in its latest Monthly Digital Asset Management Review. According to the crypto intelligence firm, “The uptrend was driven by liquidated short positions and a favorable macro environment, which was … Read more

Metaverse, Blockchain and Digital Assets: 10 Legal Challenges for Businesses in 2023 | ArentFox Chef

As the new year begins, the ArentFox Schiff Metaverse Industry Team reviews 10 of the most pressing legal issues for businesses in 2023. long winter crypto. As the cryptocurrency bear market approaches its 15th month and crypto bankruptcies pile up, some expect the Metaverse and blockchain to drop as well. But the Metaverse and the … Read more

Castlelake incorporates a reinsurance company to provide insurance financing solutions to buyers of aircraft assets

MinneapolisAnd January 16, 2023 /PRNewswire/ — Castlelake, LP (“Castlelake”), a global alternative investment manager specializing in asset-backed private credit with 17 years of experience investing, financing and managing aviation assets, today announced the creation of Bermuda– A licensed reinsurer, Itasca Re Limited (“Itasca Re”), to provide insurance financing solutions to buyers and owners of commercial … Read more

Hyatt Regency: From Marriott to Hyatts to Le Meridien, luxury hotel assets stuck in bankruptcy courts

Hyatt Regency Mumbai; Image credit: hyatt.com summary A total of 118 companies from the hotel and hospitality sector are stuck in various stages of bankruptcy proceedings. The origins of the premium hotels also stuck. As these premium estates spend years in bankruptcy, the burden of maintaining them increases, leading to decay in some cases. As … Read more