Posts in category

Investment


Not content with disrupting U.S. politics, Steve Bannon now wants to disrupt the financial system with a move into the crypto space, according to a new interview. In a Bloomberg article published Thursday, Bannon – who was previously chief strategist for President Donald Trump and executive chairman of Breitbart News – told the news source that he has had meetings …

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Tanzeel Akhtar is an independent British journalist whose work has been published in the Wall Street Journal, CNBC, FT Alphaville, Investing.com, Forbes, Euromoney and Citywire. With over 1,560 cryptocurrencies for investors to choose from, the abundance can seem overwhelming. But it also raises an interesting question: How important is it to have exposure to a …

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Qulian Technology, a China-based blockchain platform developer, has announced the completion of a 1.5 billion Chinese yuan ($234 million) Series B funding round. According to an announcement from Qulian on Sunday, the news comes just a week after the deal’s lead investor Xinhu Zhongbao, a Shanghai-listed real estate and finance firm, first disclosed its plan …

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Blockchain startup Paxos has closed a $65 million Series B funding round led by existing investors including Liberty City Ventures, RRE Ventures and Jay Jordan. The firm, which rebranded from itBit in 2016, has now raised a total of $93 million to date, according to a release. Paxos said it aims to use the new funds to scale …

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ICOs, I don’t see results. That’s the growing complaint among investors who are passionate about blockchain technology but frustrated with a lack of tangible progress on professional risk management strategies across major token projects. “A lot of the projects that raise money, they’re not really reporting what they are spending it on,” said Meltem Demirors, …

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Digital asset trading service Crypto Facilities is launching ethereum futures contracts. Announced Friday, the U.K. startup claims the news marks the first time futures for ether – the cryptocurrency that powers the ethereum blockchain – will be traded on a regulated platform. Investors will be able to take long or short positions, which will let them “broaden …

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A blockchain without the blocks? Not exactly, but a company launching Wednesday called O(1) is seeking to take the unorthodox approach of throwing out the blocks its new Coda protocol produces as soon as they elapse. While that might seem illogical since blockchain’s immutable history is to many its principal benefit, an impressive line-up of investors …

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More money is being poured into crypto cats. Well, cats, and the slew of other non-fungible digital items made possible by new token standards, such as ethereum’s ERC-721, which now have a home in OpenSea, a marketplace for allowing users to buy and sell these items – an Ebay for CryptoKitties if you will. Coming …

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Another blockchain for smart contracts? As surprising as it might sound, there’s a respect for incumbency even in the world of cryptocurrencies. As such, when the upstart EOS protocol launched last year with the ambition of improving on innovations like ethereum (themselves just a few years old), incredulity was in ample supply. Intervening months haven’t …

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“Oracle of Omaha” Warren Buffett, whose aphorisms and advice many investors take as gospel, has laid into bitcoin, saying it’s a gamble, not an investment. The Berkshire Hathaway chairman and CEO – and the world’s third-wealthiest person, according to Forbes – has long been skeptical of bitcoin. In his latest comments on the subject, he told Yahoo …

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SBI Holdings, the venture capital arm of Japanese financial giant SBI Group, has added a stake in token trading platform Templum to its cryptocurrency portfolio companies. New York-based Templum announced Wednesday that it had gotten backing from SBI, thereby completing a $10 million round of financing. In October, the startup revealed that it had raised $2.7 million in …

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Blockchain startup Gem plans to launch a comprehensive platform that will allow users to track, store, trade and discover cryptocurrencies on one app. According to Gem – which has largely focused on enterprise products for companies like Toyota and CapitalOne since its 2013 inception – its all-in-one, user-friendly solution will “bridge the gap” between veteran crypto …

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The U.K.’s financial watchdog has warned that companies offering services around cryptocurrency derivatives “likely” need to be authorized by the agency. In a statement posted to its website Friday, the Financial Conduct Authority (FCA), said that although it doesn’t consider cryptocurrencies to be currencies or commodities for regulatory purposes, cryptocurrency derivatives may be financial instruments under current directives. …

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Michael J. Casey is chairman of CoinDesk’s advisory board and a senior advisor of blockchain research at MIT’s Digital Currency Initiative. I was at Token Fest in San Francisco last week. It was truly a “Fest.” The cocktails flowed at a VIP party the evening before opening. The next morning a band of mariachis and …

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A government-led investment association in China is reportedly establishing a funding center to foster blockchain development in the country. The initiative, dubbed the Global Blockchain Investment and Development Center (GBIDC), is said to be led by the Investment Association of China (IAC), a social organization that facilitates major domestic investment projects and has attracted foreign …

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Brendan Bernstein is a founding member of Tetras Capital Partners, LLC, an investment manager focused on investing in cryptocurrencies and blockchain assets. Cryptocurrency investors are blind to the most important factor of any investment – valuation. Merely uttering the word “blockchain” has been a hypnotic weapon, sending investors into a trance where they clamor to …

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Crypto rich but low on cash? With all the ICOs that have taken place (not to mention the meteoric rise in the value of crypto assets late last year), there are a lot of entrepreneurs who fit this description, but few products that allow them to turn long-term HODLing into actionable capital. That’s the idea …

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Bitcoin mining hardware giant Bitmain announced Wednesday that it intends to invest in as many as thirty startups working to create “private central banks” powered by blockchain. Co-founder Jihan Wu gave the first keynote address at the DC Blockchain Summit, hosted by the Chamber of Digital Commerce and Georgetown University’s Center for Financial Markets and …

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Comcast is banking on a world with multiple blockchains. Revealed exclusively to CoinDesk, the venture arm of the telecommunications giant is leading a $3.3 million seed investment in Blockdaemon, a New York City-based startup that creates enterprise software for interacting with a wide range of blockchains. While Blockdaemon has so far allowed its clients point-and-click …

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A Liechtenstein-based family bank has become one of the first banks in the world that allows clients to directly invest in cryptocurrencies. Making the announcement earlier this week, Bank Frick said that the first batch of cryptocurrencies to be available for trading will include bitcoin, bitcoin cash, litecoin, Ripple and ether. The bank said it …

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