BlackRock launches a new Bitcoin trust, pushing institutional crypto adoption

    BlackRock announced Thursday the launch of a private trust that will hold Bitcoin and seek to track the asset’s performance, with Coinbase serving as the trust’s custodian. The news marks a giant leap forward in Bitcoin’s institutional adoption, which brought out a flurry of bold calls. This development comes one week after BlackRock announced a…

    Despite bear market, crypto fundraising hits $30 billion in H1 2022, topping all of 2021

    Messari’s latest report indicates that the market pullback in the year’s first half did not shake investors’ confidence in the growing crypto industry. As per the report, the overall amount of money raised in the first six months already exceeds the $30.2 billion that was raised in 1313 rounds throughout the entire year of 2021….

    Variant launches two new venture funds with $450 million to invest in Web3

    Crypto venture investment firm Variant has raised $450 million across two new funds targeting the Web3 and decentralized finance market, which include $300 million for a so-called opportunity fund and $150 million to invest in nascent startups. According to Thursday’s announcement, the company raised $300 million for a so-called opportunity fund as well as a…

    Unstoppable Domains raises $65 million in Series A round, reaching unicorn status

    Unstoppable Domains raised $65 million in Series A funding, reaching a $1 billion valuation. The firm plans to use the funds to reduce the friction of crypto payments between applications and build reputation-based Web3 reward programs. Unstoppable Domains, a firm building digital identity markers as NFTs, announced on July 27 that it raised $65 million…

    How two asset managers are handling 2022’s crypto volatility

    Risk-mitigated approaches to crypto could offer the benefits of holding it but with less downside, writes Christopher Robbins on CoinDesk. The key to long-term investing success in cryptocurrencies is really no different than it is for investing in any other growth-oriented, volatile asset class: Time in the market beats timing the market. The problem is…

    Aptos raises $150 million from FTX Ventures and Jump Crypto

    Aptos, a blockchain startup founded by former Meta employees, announced a $150 million round led by FTX Ventures and Jump Crypto on July 25. The round brought the startup’s total funds raised in 2022 alone to $350 million. According to Bloomberg, the startup’s latest raise includes new investors such as Griffin Gaming Partners, Franklin Templeton,…