Crypto investment firm Grayscale Investments Inc. has raised almost $330 million in annual revenue as of the third quarter 2018, despite a prevailing bear market. Cryptocurrency asset management firm Grayscale Investments Inc. has reported revenue of nearly $330 million in 2018, according to its third quarter (Q3) investment report released Nov. 1. The company managed… Continue reading Crypto Investment Firm’s Revenue Reaches Record $330 Mln in 2018, Despite Bear Market
Category: Investments
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New Zealand Gov’t-Backed Institute Issues Grant to Crypto Wallet and Trading Service
New Zealand government-backed innovation institute Callaghan Innovation issued a grant for $330,000 to a domestic crypto wallet and trading service. New Zealand’s state-backed innovation institute Callaghan Innovation awarded a $330,000 grant to a local crypto wallet and trading service, according to a press release published Tuesday, Oct. 30. Callaghan Innovation issued an “R&D Project… Continue reading New Zealand Gov’t-Backed Institute Issues Grant to Crypto Wallet and Trading Service
Thai SEC Warns Public About Investing in Nine Unregistered Tokens and ICOs
The Thai Securities and Exchange Commission has warned the public about investing in nine unapproved digital tokens and ICOs. The Thai Securities and Exchange Commission (SEC) has issued a warning about investing in nine digital tokens and Initial Coin Offerings (ICOs), which have not been accredited by the regulator, news outlet Bangkok Post reported Oct.… Continue reading Thai SEC Warns Public About Investing in Nine Unregistered Tokens and ICOs
VeChain Signs MoU for Blockchain Development with Cyprus
The Cypriot government has signed an MoU with blockchain startup VeChain through its national investment partner Invest Cyprus for developing the blockchain industry in the country. Singapore-based blockchain platform VeChain Foundation, U.S. blockchain startup CREAM, and the national investment partner of the Republic of Cyprus, Invest Cyprus, have signed a Memorandum of Understanding (MoU), per… Continue reading VeChain Signs MoU for Blockchain Development with Cyprus
Gov’t-Owned Holding Company Subsidiary Invests in Binance’s Singapore Expansion
Binance has received an investment from Temasek subsidiary Vertex Ventures to support the exchange’s expansion into the Southeast Asian market. Vertex Ventures has announced an investment in the largest cryptocurrency exchange Binance to facilitate its expansion into Singapore, according to a press release shared with Cointelegraph Oct. 23. Vertex Ventures is a subsidiary of Singapore-based… Continue reading Gov’t-Owned Holding Company Subsidiary Invests in Binance’s Singapore Expansion
Abra Wallet and Exchange Service Introduces Token That Tracks Crypto Index
Digital wallet Abra has announced that its users can now invest in the new BIT10 token, which tracks the Bitwise 10 Large Cap Crypto Index. Digital currency wallet and exchange Abra has launched support for a new token, BIT10, that tracks the Bitwise 10 Large Cap Crypto Index, according to an announcement published Oct. 3.… Continue reading Abra Wallet and Exchange Service Introduces Token That Tracks Crypto Index
Report: Coinbase Negotiation Could Value Crypto Exchange at $8 Billion
Tech media site Recode reports that crypto exchange Coinbase is in negotiations that could increase the firm’s value to $8 billion. San Francisco-based cryptocurrency exchange and wallet service Coinbase is finishing negotiations that would value the company at $8 billion, technology news site Recode reports Oct. 2. Citing anonymous sources familiar with the matter, Recode… Continue reading Report: Coinbase Negotiation Could Value Crypto Exchange at $8 Billion
Report: Investors in German ICOs Have Suffered Losses as High as 90%
According to a report by business magazine WirtschaftsWoche, investors in German ICOs have lost up to 90 percent of their capital. Investors in German ICOs have lost up to 90 percent of their capital, Cointelegraph auf Deutsch reports Monday, October 1. German business magazine WirtschaftsWoche compared the token issue prices of Initial Coin Offerings (ICO)… Continue reading Report: Investors in German ICOs Have Suffered Losses as High as 90%
Andreessen Horowitz Invests $15 Million in Stablecoin Firm MakerDAO
Andreessen Horowitz via its investment fund a16z has acquired 6 percent of the total MakerDAO token supply. American venture capital fund Andreessen Horowitz has invested $15 million into blockchain startup MakerDAO (MKR), according to an announcement published September 24. MakerDAO is the firm which stands behind Ethereum-based stablecoin Dai (DAI) and its accompanying decentralized credit… Continue reading Andreessen Horowitz Invests $15 Million in Stablecoin Firm MakerDAO
Fintech Investor Ribbit Capital Sets $420 Million Goal for Its Latest Fund
Venture capital firm Ribbit Capital, whose portfolio includes Coinbase and Robinhood, is planning to raise $420 million for its latest fund. U.S.-based venture capital firm Ribbit Capital, the portfolio of which includes notable cryptocurrency and blockchain projects, is aiming to raise $420 million for its latest fund, according to an SEC filing dated September 12.… Continue reading Fintech Investor Ribbit Capital Sets $420 Million Goal for Its Latest Fund