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0 CommentsAlthough VC funds have been rushing to support various crypto startups, much of that money has not gone to Bitcoin-focused companies, notes Bitcoin Magazine. With the printing press in overdrive, there is an ever-increasing amount of fiat looking for a home. In order to avoid being debased and lose purchasing power, capital allocators are charged…
388 ViewsThis year, venture capital funds have infused over $30 billion into the crypto sector, which is more than the previous 10 years combined for the new blockchain technology. According to PitchBook Data, that’s almost four-fold the prior high of about $8 billion in 2018, the year following Bitcoin’s 1,300% surge. Fearing to miss out, numerous…
471 ViewsMain attraction lies in turning the funds into tradable tokens, write ByOlga Kharif and Vildana Hajric on Bloomberg. However, DAO hacks remain a common threat, while legal protection is limited. Index funds have long been pitched as a low-risk and inexpensive way to invest. Now they’re coming to the rollicking world of cryptocurrencies, but with…
516 ViewsCEO of Abu Dhabi’s Mubadala told CNBC about its fund’s investments in crypto and blockchain ecosystems. As Reuters reported, Abu Dhabi state fund Mubadala has invested in the ecosystem around cryptocurrencies, such as blockchain technology, given the increase in the digital currency’s market value, its CEO Khaldoon al-Mubarak said in an interview on CNBC. “I…
508 ViewsEthereum scaling project Polygon and Seven Seven Six, Reddit co-founder Alexis Ohanian’s venture capital firm, have jointly launched a $200 million initiative to invest in Web3 social media and gaming projects. On Friday, Polygon and Alexis Ohanian’s VC firm, Seven Seven Six, announced a $200 million initiative backing projects operating at the intersection of social…
444 ViewsNYDIG, a crypto financial services firm, announced on Tuesday that it raised $1 billion in a funding round led by WestCap, valuing the Morgan Stanley-backed Bitcoin company at more than $7 billion. According to Reuters, growth equity firm WestCap led the round with other backers like Bessemer Venture Partners, FinTech Collective, Affirm, Fiserv, MassMutual, New…
