The Ledger: Ixia Capital launches $20m fund, crypto hodlr robbed, election gambling

This week we look back on a week in which Ixia Capital launched a substantial new fund for investing in gaming, we hear of a shocking crypto-motivated burglary, and wag our fingers at dodgy election bets.

New venture capital fund and studio, Ixia Capital, has launched a $20m investment fund targeting high-growth businesses in the gaming, esports, digital assets and related technologies sectors. 

Ixia Capital CEO Mona Motwani said the firm would be “partnering with driven entrepreneurs to equip them with resources, expertise, exposure, and capital that allow them to build the best ideas into great companies.”

This week also saw reports of a Londoner with crypto holdings amounting to millions, being burgled by robbers who demanded they give them access to a crypto wallet containing the equivalent of $4m of Ethereum.

The victim took to X to report the robbery, tweeting: “3 guys physically robbed me at my home. They were armed with machetes. They knew I had crypto and knew where I lived…I’m still in a state of shock. This is one of the worst experiences of my life.” 

They said $63,000 worth of other cryptocurrencies, including USD Coin, Stake Aave, FOX and Unibot have not been taken from the wallet.

As the UK gets to grips with its own betting scandal this week, involving Tory party candidates and bets relating to the country’s forthcoming election, a man in Taiwan has also been indicted for using the crypto predictions platform Polymarket to bet on the 2024 Taiwan elections.

The Shilin District Prosecutor’s Office formally charged the man on June 18, accusing him of gambling on both presidential and legislative results.

Elsewhere this week, web- and Telegram-based crypto casino and sportsbook Nummus launched its Nummus Token in a presale that began on June 17, 2024.

The new digital currency is hoped to change the $80bn igaming industry by integrating into the Nummus environment and offering users an improved experience.

This week, Australian newspaper The Herald Sun reported that Stake.com co-founder Ed Craven has been offering sign-on bonuses of up to $100,000 to tech talent as he tries to poach people from major tech firms.

His company Melbourne-based EasyGo Solutions is offering competitive salaries, with senior or principal software engineers able to earn up to 20% more than what they could make anywhere else. 

Finally, Dogecoin developer Mishaboar issued a warning this week about how “volatile and risky’ crypto is. “This is a simple message, often repeated, and like many simple messages, easily forgotten”, he said.

“If the amount of crypto you are holding makes you lose sleep at night, it might mean you are overexposed.” You have been warned.

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Written by Hannah

Hannah is editor of CryptoGamblingNews.com and has almost 15 years experience in journalism, including reporting on law, TV, gambling, crypto and alternative finance. She is particularly interested in the future of money, the transition of gambling from 'vice' industry to mainstream entertainment and the application of blockchain technology to wider society.

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