Blockchain technology company, Bitfury, has raised $80 million from a number of global institutional and corporate investors. Led by Korelya Capital, the private placement was joined by Macquarie Capital, Asian financial institution Dentsu Inc., European investment company Armat Group, European fund managers Jabre and Lian Group, Argenthal Capital Partners, insurance group MACSF and Mike Novogratz’s digital asset… Continue reading Bitfury Raises $80 Million from Korelya, Macquarie, Mike Novogratz
Category: Industry
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We Will Provide Missing Link for Institutional Investors, Says Fidelity Crypto Head
The president of Fidelity Digital Asset Services has spoken about the company’s plans in an interview, such as the decision not to launch an in-house exchange, how it intends to attract more institutional investors, and why it’s crypto offering is focused on custody and trade execution. Crypto Paired with More Traditional Financial Models In his… Continue reading We Will Provide Missing Link for Institutional Investors, Says Fidelity Crypto Head
FBI: “Call of Duty” Players Remotely Stole $3.3 Million in Cryptocurrencies
A group of “Call of Duty” players from Indiana are accused of stealing more than $3 million in cryptocurrencies after coercing an Illinois man to aid them in remotely hacking unsecured crypto wallets on more than 100 cell phones. Man Coerced Into Hack After SWATing Incident The episode began in Bloomington, Illinois, where a local man… Continue reading FBI: “Call of Duty” Players Remotely Stole $3.3 Million in Cryptocurrencies
Tron Releases New Developer Suite, TRX Surges by over 5%
Recently, the Tron Foundation announced the launch of the new Tron Developer Suite. This is a special kind of all-in-one toolkit created to help TRON developers make progress on the mainnet faster and with more efficiency. New developer suite available: TronBox, TronGrid, TronStudio & TronWeb. Developers are now fully equipped to build the best Dapps… Continue reading Tron Releases New Developer Suite, TRX Surges by over 5%
Fidelity Expressing Further Interest in the Cryptocurrency and Blockchain Industry
Fidelity Investments is a 72-year company with more than $7 trillion in investor’s funds under management, and despite their well-established position within the traditional retail markets, they are incredibly open to nascent technologies, like cryptocurrency and blockchain. Fidelity’s openness to blossoming new technologies is setting themselves into a unique niche. In certain ways, it is… Continue reading Fidelity Expressing Further Interest in the Cryptocurrency and Blockchain Industry
Institutional Investor: Crypto Will be Worth Trillions, Launches Hedge Fund
After leaving his position as an executive at Steven Cohen’s Point72 hedge fund, Travis Kling decided to start his own crypto-focused fund. This was a big and bullish announcement back then, but it still wasn’t enough to save the crypto market, which crashed only a month later. The following nine months were almost completely ruled… Continue reading Institutional Investor: Crypto Will be Worth Trillions, Launches Hedge Fund
Nasdaq Makes Offer to Acquire Crypto-Friendly Fintech Startup
Major Wall Street mainstay Nasdaq is reportedly following the lead of its peers in seeking ways to slowly enter the cryptocurrency space, and has made an offer to acquire a crypto-friendly fintech startup based in Stockholm, Sweden. Nasdaq Moves to Acquire Cinnober in $190 Million Deal One of the world’s largest stock exchanges, Nasdaq, has… Continue reading Nasdaq Makes Offer to Acquire Crypto-Friendly Fintech Startup
Ex-CEO of Crypto Company Sentenced to Prison for Fraud, Fined $9 Million
The former CEO of a cryptocurrency company has been sentenced to prison time and ordered to pay $9 million in restitution due to his company’s role in a major Ponzi scheme that cost hundreds of investors millions of dollars. The hearing comes as the U.S. government and regulatory agencies step up their crackdown on cryptocurrency-related… Continue reading Ex-CEO of Crypto Company Sentenced to Prison for Fraud, Fined $9 Million