Part of my responsibility at CoinFund is to help our firm and our portfolio companies hire amazing, talented people. In the past year, I’ve noticed a trend that candidates “must know and be obsessed with crypto,” and if they haven’t “fallen down the crypto rabbit hole” (a phrase I’ll happily never hear again if I can help it), they’re just “not a fit.” We must be careful here, as this type of quick sorting will mean many high-potential female candidates, who are not yet in the industry, will continue to…
Category: ICO
Galaxy Plans to Raise $100M for Crypto Venture Fund
Called Galaxy Ventures Fund I, LP, the fund aims to invest in as many as 30 startups over the next three years, with checks starting at $1 million. It will target financial applications, software infrastructure and protocols building in crypto, the email said. Source
BlackRock & Securitize Launch Revolutionary Digital Assets Fund, Boosting Tokenization and Regulated Markets
In fact, on March 27, 2024, Ondo Finance completed a $95 million reallocation of its own tokenized short-term bond fund to BUIDL. As fiduciaries onboard with Securitize for the desired access to BUIDL, they’ll move significant capital into the fund and therefore into the Securitize ecosystem. As a result, surrounding alternative investment products and listings on Securitize Markets’ primary and secondary trading venues are likely to see a bump in capital flows and activity. This in turn will set precedent for other broker-dealers, alternative trading systems, and comparable regulated venues…
Beyond Bitcoin’s Surge, the Untapped Potential and Use Cases of Digital Assets
Instead of asking themselves, “Did I miss my chance?” potential digital asset investors should ask, “Do I believe in the transformative nature of blockchain technology?” Investing in digital assets should represent a belief in the far-reaching value proposition of blockchain technology, ranging from the variety of industries that comprise the macroeconomy to the transactions that encompass everyday markets and human experience. A thoughtful multi-asset approach to portfolio construction and ongoing management is crucial to ensuring crypto investors capture the full value proposition of blockchain innovation. Source
Must Bitcoin ‘Drop Ideals’ of Decentralization to Achieve Mass Adoption?
“It used to be like no debates around the fact that that’s not your keys, not your coins. I’m seeing erosion in that term,” Raw said. “If you ask people today, what ‘Uncle Jim’ means, it’s the guy who custodies bitcoin on behalf of the family unit. You see the difference between those two things?” Source
U.S. SEC Calls for Comments on Spot ETH ETFs
Despite rising hopes after the agency’s approval of bitcoin spot ETFs in January, industry analysts have become less optimistic that the regulator will follow suit with the products tracking Ethereum’s (ETH). The commission had been pressured into abandoning its earlier opposition of the bitcoin applications after a key loss in a court dispute with Grayscale, and SEC officials had argued that their resulting approval of bitcoin ETFs doesn’t apply to other tokens. Source
UK FCA and BoE Publish Draft Guidance on Digital Securities Sandbox Open to DLT
“The Digital Securities Sandbox is an important tool for regulators to learn how we need to react to benefit safely from developments in technology and changes to vital financial market processes such as securities settlement,” Sasha Mills, the BOE’s executive director for financial market infrastructure, said in a statement. Source
Central Bank Group Starts Tokenization Project to Enhance Monetary System
The project will investigate the integration of tokenized commercial bank deposits with central bank money using smart contracts and programmability, the Bank for International Settlements said. Source
Far Out Sci-Fi Ideas Inspired by New Ethereum Token Designs
Far Out Sci-Fi Ideas Inspired by New Ethereum Token Designs Source
Nic Carter and David Hoffman Square Off for Karate Combat at Consensus
When the news leaked on X last week, several commenters made fun of the fighters’ physiques and mocked their fighting skills. But the two are undeterred. “At the end of the day, it’s me and David that are taking the risk and getting in the ring and all they can do is watch,” Carter said. “If they want to fight they can try and get in the undercard, they are welcome to reach out to Karate Combat. But David and I aren’t claiming to be amazing fighters. The objective is…