The investment round was co-led by Sequoia Capital, Stripes, Spark Capital, Coatue, DRW VC and SCB 10X. Launched in 2020, SCB 10X is the venture capital arm of Siam Commercial Bank, Thailandâs oldest bank. Blockchain infrastructure provider and crypto custodian Fireblocks has secured another $310 million in strategic investments, bringing its total valuation to $2… More
Bitcoin funds are still in decline as institutional sentiment remains bearish. Investments in institutional Bitcoin (BTC) products have continued to decline this past week.In its âDigital Asset Fund Flows Weeklyâ report on Monday, CoinShares notes that institutional crypto products have experienced outflows for the third consecutive week, with $28 million exiting the sector during the week… More
Contrary to JPMorganâs analyst, the major GBTC unlock on July 18 might not put any downside risk on BTCâs spot price. As Bitcoin (BTC) struggles around the $32,700 mark after the July 8 price drop, another major event looms over the flagship cryptocurrency in July, the Grayscale Bitcoin Trust (GBTC) unlock.A total of nearly 40,000… More
MicroStrategyâs stock price rose by more than 1.5% to reach $628.44 at the time of publication, making Capital Internationalâs shares worth roughly $600 million. Financial services company Capital International invested more than half a billion dollars into business intelligence firm MicroStrategy stock.In MicroStrategyâs filings to the U.S. Securities and Exchange Commission, or SEC, for the… More
More than 80% of institutional investors polled who have already invested in digital assets expect to increase their exposure. A new survey suggests that hedge fund executives, wealth managers and institutional investors already holding crypto assets intend to increase their holdings.The survey, conducted by London-based crypto fund Nickel Digital Asset Management, revealed that 82% of… More
CNBC surveyed a set of equity strategists and portfolio managers to understand investor sentiment on Bitcoin price. Throughout Bitcoin’s historic price surges and falls, investors have tried and failed to employ traditional markers to make sense out of the volatile trends. CNBC recently conducted a survey on a group of portfolio managers and equity strategists to… More
Now pursuant to approval from the United Kingdomâs financial regulator, TP ICAPâs crypto platform will initially offer Bitcoin trading. Major global interdealer broker TP ICAP is launching a cryptocurrency trading platform with Fidelity Investments and British banking giant Standard Chartered.TP ICAPâs upcoming crypto exchange is scheduled for launch in the second half of 2021 and… More
Blockchain development is one of four major programs in BogotĂĄâs new tech innovation fund. Colombiaâs capital of BogotĂĄ is funding blockchain development as part of the cityâs broader investment in innovative technologies.According to a Monday announcement on the city of BogotĂĄâs official website, the municipal government will provide 8.8 billion Colombian pesos ($2.3 million) to… More
The governor of the Bank of Russia has maintained a tough stance on Bitcoin despite growing criticism of how the bank has handled digital asset regulation. The Bank of Russia continues its tough stance on cryptocurrency trading despite growing concerns over the country missing out on the digital asset industry. The governor of Russiaâs central bank,… More
The Series B funding round was led by China Renaissance, with participation from several crypto venture funds, including Tiger Brokers, Tiger Global Management, Arena Holdings, DCM Ventures and Gobi Partners. Cryptocurrency investment platform Amber Group has added $100 million to its coffers following a successful Series B fundraiser, bringing its total pre-money valuation to $1… More
An intellectual attempt to estimate Bitcoinâs price, corrected according to the hash rate metric. This is Part Four of a multipart series that aims to answer the following question: What is the âfundamental valueâ of Bitcoin? Part One is about the value of scarcity, Part Two â the market moves in bubbles, Part Three â… More
Financiers from New York and London are said to be leading the private investment round, according to reports. Cryptocurrency lending platform BlockFi is reportedly looking to raise hundreds of millions of dollars in new funding at a valuation of nearly $5 billion, offering further insights into the growth of crypto-focused companies.The company, which was founded… More
Top Russian bankers cite their reasons for not liking Bitcoin after Tinkoff’s CEO said that the central bank was stopping it from offering crypto trading services. Sberbank and VTB, the two biggest banks in Russia, are not willing to move into the cryptocurrency market in the near future as their CEOs believe that crypto is… More
Cryptocurrency investors should be ready to lose all their holdings, according to Irelandâs central bank financial conduct director. Irelandâs central bank director general for financial conduct is the latest official to point out issues of Bitcoin (BTC) and the cryptocurrency industry following a major market sell-off.The growing popularity of cryptocurrencies like Bitcoin is âof great… More
Strategic investor Lyn Alden’s outlook on Bitcoin remains bullish despite growing risks Strategic investor Lyn Alden is convinced Bitcoin has still the potential to reach $100K in the current bull cycle â despite growing uncertainty and increasing volatility. âWe are seeing a lot of froth throughout the industryâ, she said, referring to the latest rally in… More
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