The $200 million fundraise will be used to ramp up marketing ahead of a public listing in “the next two to three years,” a spokesperson said. Source
Month: April 2022
Blockchain.com launches asset management for institutional investors
Blockchain.com, a cryptocurrency exchange and financial services firm, has reportedly launched an asset-management service for its wealthy customers. According to Bloomberg, the service is known as BCAM and will serve institutions, family offices and high-net-worth individuals. BCAM was founded in collaboration with Altis Partners, a futures portfolio manager that also manages investment portfolios using blockchain technology. Blockchain.com is the underlying platform that powers BCAM. The new service, which has yet to be officially announced by either Blockchain.com or Altis Partners, is based on a strategy that tracks the price of…
Near Protocol Raises $350M
Hedge fund giant Tiger Global led the funding round. It’s Near’s second nine-figure raise this year. Source
Play, Buy Your Own NFTs, Make a Profit
Facebook’s transformation to Meta is a conceptual displacement towards Metaverse and Web 3.0, crypto and NFTs (non-fungible tokens) are perceived by the global community as a game-changing leap forward with huge potential. The estimated number of global crypto users is 106 million people in the world. 13% of Americans bought or traded crypto in the past 12 months. (By comparison, only 24% of Americans invested in stocks). Even bigger companies such as Tesla or Square have up to 7-10% of their assets in cryptocurrency. In 2021 investors poured a record…
How much $ I’ve made helium mining (Week 1)
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Female investors led crypto market growth in 2021, says new report
The crypto market is maturing and is no longer driven by speculation, according to a new report from BTC Markets (BTCM). According to the report by the Australian cryptocurrency exchange, the crypto market’s growth in 2021 was driven by utility. The BTCM Investor Study Report 2021 is an in-depth analysis of data from the BTCM exchange for the year 2021, divided by demographics (age, gender, investor type) to anonymously examine and analyze cryptocurrency investment habits among its 325,000 customers. As per the report, “crypto queens” or rather female investors on the…
Sweden Wants to Test E-Krona Viability for Smart Payments
Like the European Central Bank (ECB), Sweden, which is in the EU but does not use the euro currency, is looking at whether to allow those offline payments – which could aid privacy, but also bring the same kinds of risks of cash, like theft, or use of the funds for illicit purposes. Source
This crypto fund has outperformed bitcoin for the last five years. Here’s how
A visual representation of Bitcoin. Edward Smith | Getty Images In a space filled with venture investors and traders, a blockchain fund run by value managers thinks it can give investors greater returns than bitcoin itself. Bitcoin has been called the best performing asset of the decade by some. Off the Chain Capital, a fund that deploys a traditional value investing strategy – using fundamental analysis to find undervalued assets – says its fund has outperformed bitcoin in each of the last five years. The fund has averaged 133% per…
Spanish Securities Watchdog Calls for Search Engines, Social Network Operators to Stop Promoting Unregistered Investment Platforms – News Bitcoin News
The CNMV, the Spanish securities regulator, has called for large search engines and social networks to stop offering advertising services for platforms that are not registered to offer investment or financial services. The regulator has also stated that it will take matters into its own hands by promoting regulation on the issue if these companies fail to address it. Spanish Regulator Addresses Unregistered Platform Advertising Issue Spanish securities regulator CNMV is very worried about the space that big internet companies are giving unregistered investment platforms to advertise their…
Coin Metrics Raises $35M for Crypto Data Provision
The crypto intelligence company raised $35 million in a funding round led by Acrew Capital and BNY Mellon. Source