News
The investment firm withdrew its application for a physically-backed Bitcoin ETF in 2020 but has already received approval for a fund offering investors exposure to companies in the blockchain and crypto industry.
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Investments News
Investing in cryptocurrency is a high-risk/high-reward activity, whether that entails day-trading in the open market, buying into institutional investment funds or investing in particular blockchain enterprises.
In recent years, the blockchain space has attempted to disrupt venture funding and investment through a particularly powerful use case in crowdfunding. An influx of hype and amateur investment reached a peak during the 2017 to 2018 initial coin offering, or ICO, bubble in which projects raised billions of dollars in return for assets of questionable value or utility, quickly putting the industry in the sights of the United States Securities and Exchange Commission and similar regulatory authorities.
There is ongoing discourse on and experimentation in how to fund open-source protocol development that doesn’t involve the traditional route of venture capital and that better aligns the incentives of all stakeholders, from the developers to the users.
Seeing where investment capital is going in the space can provide a gauge of market sentiment around industry trends and potential high-growth areas.
- News
Financial charting provider TradingView secured $298 million in a new funding round led by Tiger Global.
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Hedge fund manager Mark Yusko believes cryptocurrencies will generate “untold wealth” by powering the Internet of Value.
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Co-led by Tiger Global Management and Coatue Management, the VC funding will inject funds worth $400 million into the bootstrapped company.
4225 - Sponsored
Joining the derivatives segment starts with a competition for individuals and teams put on by a global copy trade platform.
1085 - Analysis
Pension funds, the most cautious of institutional investors, are now giving the booming crypto and blockchain sector a closer look.
3864 - News
Bitkraft’s new $75-million token fund has already closed investments in six different projects.
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According to JPMorgan, this week’s rally has been driven by institutional investors hedging against inflation with Bitcoin.
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The study also concluded that temporary crypto market decline and volatility are not enough to diminish the importance of cryptocurrencies in investment portfolios.
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The Bank of Russia also wants to slow down transactions to crypto exchanges to prevent “emotional” crypto purchases.
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Shark Tank star Kevin O’Leary stated that “crypto for the first time is more than gold for me” and doesn’t see a situation where crypto “goes away” as a result of regulation.
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U.S. Bank is now providing custody services for Bitcoin, Bitcoin Cash and Litecoin, according to a company executive.
9874 - Analysis
A growing list of mainstream financial entities have continued to increase their exposure to crypto over the last year or so.
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NFT gaming studio Sky Mavis plans to pursue further expansions in the emerging play-to-earn arena.
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BitOasis has partnered with the Dubai Police Force to establish safety regulations around crypto investments in the region, according to the exchange’s CEO.
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