Oliver Michel, founder and CEO of German-based venture capitalist firm Tokentus Investment AG, has given a bullish price prediction for the XRP price. According to him, XRP could hit $10 soon enough. XRP Price To $10 Is Just The Beginning Michel mentioned during an interview with Der Aktionär, a leading German finance magazine, that he expects XRP to rise to between $5 and $10 in the first wave of its parabolic move to the upside. Interestingly, he added that XRP would eventually hit three to four figures and didn’t seem…
Tag: BlockchainFocused
Advisor At Blockchain-Focused VC Nabbed In Colombia For Child Porn
In another shocking development, an advisor at a venture capital (VC) firm that focuses on blockchain companies has been arrested. The Master Ventures advisor identified as Orion Depp was arrested in Colombia and is now facing multiple charges connected with sexual activities with underage children. Making Colombia His Hunting Ground In the report that was published by local media outlet Semana, Depp has been using Colombia as a hunting ground for his sexual activities with minors. The financial analyst and advisor would reportedly use social media to lure underage girls…
Bain Capital Ventures Unveils $560 Million Crypto Fund for Blockchain-Focused Tech Startups
Bain Capital Ventures, the venture arm of the 37-year-old private equity firm Bain Capital, announced on Tuesday that it has launched a $560 million fund focused exclusively on cryptocurrency-related efforts. Stefan Cohen, a managing partner at Bain Capital, talked about the development and said: “We’ve become quite high conviction we are at the beginning of a multi-decade technology shift. We really needed a dedicated team and a dedicated fund structure. That’s really what lead to the addition of Bain Capital Crypto.” Bain Ventures is looking to use the fund to…
Blockchain-Focused Fund COSIMO X Acquires Seven-Figure Funding from RIT
COSIMO Ventures, an investment firm situated in Boston and Dublin, recently announced that the Rochester Institute of Technology (RIT) has endorsed them with a seven-figure investment. The company disclosed in a recent securitized announcement with Blockchain.news that the venture capital firm was working on developing their new blockchain-focused tokenized trust, dubbed COSIMO X. Managing Partner of COSIMO Ventures, Robert Frasca asserted that this was the first time any university in the United States had ever directly invested in a tokenized venture fund, making RIT the first university to hold a direct tokenized economic…
DTCC Seeks Blockchain-Focused Security Framework for Financial Sector
The Depository Trust & Clearing Corporation (DTCC), a global financial market infrastructure giant, says traditional IT security frameworks must be updated to tackle the blockchain. An official press release on Feb. 12 took note of the expected rise in adoption of distributed ledger technology like blockchains in financial services globally. The DTCC has published a new white paper, Security of DLT Networks, which recommends the creation of a comprehensive, DLT-specific Security Framework and, potentially, an Industry Consortium that would spearhead research into standards and guidelines for the sector. New benefits,…
Former Goldman Sachs Exec Joins Blockchain-Focused Hedge Fund
Former Goldman Sachs executive Marco Lim has reportedly been appointed as a managing partner at Hong Kong-based blockchain and cryptocurrency-focused hedge fund MaiCapital, Finance Magnates reported on Feb. 25. Prior to joining MaiCapital, Lim also served at Deutsche Bank, Credit Suisse, and Forex Capital Markets, specializing in foreign exchange sales, according to Lim’s LinkedIn profile. At MaiCapital, Lim is expected to bring his expertise in sales and marketing to further develop the company. Benedict Ho, a Co-Founder and Managing Partner at MaiCapital, told Finance Magnates that “Marco will focus primarily…
Apple’s Steve Wozniak Co-Founds Blockchain-Focused Venture Capital Fund
Apple co-founder Steve Wozniak has been announced as a co-founder of recently launched blockchain-focused venture capital fund EQUI Global, global business outlet Verdict reports Monday, Oct. 15. Following an announcement about his plans to become “involved” in a blockchain project earlier in August, Wozniak has been revealed today as a co-founder of EQUI Global, a venture capital fund focusing on blockchain technology and built on a blockchain-powered backend. The new venture capital fund aims to change the concept of the traditional industry by enabling non-institutional investments, as well as allowing…