Tag: CryptoInvestments

Institutional investors continue to show interest in the crypto sector, even despite the negative effects caused by the FTX debacle, data from the crypto exchange Bitstamp shows, with institutional registrations increasing by 57% in November. Other traditional finance capital allocators also seem to view the situation as an opportunity to enter. According to crypto exchange…

Investment bank Goldman Sachs plans to spend “tens of millions of dollars” to buy or invest in crypto firms whose valuations declined after the collapse of crypto exchange FTX, Reuters reported. “We do see some really interesting opportunities, priced much more sensibly,” said the bank’s digital asset head Mathew McDermott. According to a Reuters report,…

Top investment deals across the crypto sector over the last week (Nov. 26–Dec. 2, 2022): Crypto news site CoinDesk draws buyout interest: Semafor Crypto news site CoinDesk, owned by Digital Currency Group (DCG), has received takeover interest including one that suggested a $300 million purchase price, according to Semafor, according to Semafor. Potential buyers circling…

Blockchain gaming group Animoca Brands plans to launch a fund of up to $2 billion to invest in metaverse startups in the mid and late stage, the company’s co-founder and CEO Yat Siu said. The fund aims to strategic investments in Web3 ecosystem development rather than pursuing financial returns. Animoca Brands CEO, Yat Siu, said…

As the bear market continues, crypto investment products are experiencing last week their biggest outflows in three months. A new CoinShares report suggests that investors continue to feel bearish following the FTX crash. On Nov. 28, digital asset investment firm CoinShares revealed in a new report that investors took $23 million out of the crypto…

Top investment deals across the crypto sector over the last week (Nov. 19–25, 2022): Crypto brokerage Genesis warns of bankruptcy without funding According to Bloomberg, digital asset brokerage Genesis is struggling to raise fresh cash for its lending unit, and it’s warning potential investors that it may need to file for bankruptcy if its efforts…