Tag: BlockTower

Maple Finance Raises $5M From BlockTower, Tioga; Restarts on Solana (SOL)

“This funding round marks a pivotal moment in our evolution as we embark on a strategic expansion into the APAC (Asia-Pacific) region as part of a comprehensive growth plan for Maple,” CEO Sidney Powell said in a statement. “The network is poised to further scale its technology and forge partnerships that enable compliant and seamless lending and borrowing adoption across the APAC region, specifically in Singapore, Japan, Hong Kong and Korea,” Powell added. Source

BlockTower Capital Funds Had Exposure to Silvergate, Signature Bank

According to the Form ADV Filing dated May 11, 2022, the BlockTower Blue Signum SPV fund, which had about $4.6 million in gross asset value at the time of the filing, used Silvergate Bank as its sole custodian. The BlockTower DeFi SPV I fund ($74.6 million in gross assets) also listed only Silvergate, while the BlockTower Gamma Point Master Fund ($89 million) had Signature Bank as the custodian Source

BlockTower Capital Crypto Asset Management Firm Loses $1.5M in DeFi Market Aggregator Dexible Exploit: Blockchain Data

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Crypto Asset Manager BlockTower Launches $150M Venture-Capital Fund

BlockTower is one of several notable crypto investment firms that is a registered investment advisor (RIA), which gives the firm more flexibility particularly when it comes to liquid and illiquid token investments. Recent BlockTower investments have included layer 1 blockchain Aptos and institutional finance network Maple Finance. Source 150MAssetBlockTowerCryptoFundLaunchesManagerVentureCapital CryptoX Portal

Maple Finance Launches Permissioned Institutional Lending Pool With Blocktower, Genesis

“The whole opportunity is, how do you bridge the crypto world and the ‘real’ world, or the traditional finance world? There’s $10 trillion in corporate bonds every year, there’s 50 million small-to-medium sized enterprises in India [alone] and there’s a $300 billion credit gap there,” he said. “Crypto lenders lending to real-world borrowers – we’re excited about DeFi being able to bridge that gap.” Source

BlockTower Capital CIO estimates another 9–22 months of bull run for crypto

boss

How long will crypto’s current season of prosperity last? Ari Paul, chief information officer at BlockTower Capital, thinks the bull run has at least nine more months.  In a tweet on Feb. 4, Paul said the industry is currently in the “7th inning of the crypto bull market.” He added: “This is where we get ongoing, dizzying rotation. BTC up, then when BTC takes a breather, ETH and some largecaps (and in this regime, defi bluechips), then smallcaps, rinse and repeat. Of course, throw in some 30-60% retracements for fun.”…

BlockTower Exec: Bitcoin Unlikely To Get Ousted By Fast, Feature-Rich Crypto Assets

boss

Ari Paul, the managing partner of crypto asset investment group BlockTower, recently took to Twitter to make an intriguing claim: Bitcoin (BTC), the asset, is bigger than its own underlying blockchain. You heard that right. The industry insider, formerly of the University of Chicago’s portfolio and Susquehanna International, explained his reasoning behind this claim, and the implications it could have on the broader crypto ecosystem. Related Reading | No One Needs An ETF & Bakkt, BTC Already Is Money: Crypto Investor BTC > The Bitcoin Blockchain In a recent thread on…

Bitcoin bet will see BlockTower Capital lose $1 million as the prediction is doomed

boss

BlockTower Capital, a hedge fund that manages over $130 million in client assets is set to lose a Bitcoin bet made last year that the top cryptocurrency will hit 50,000 by the end of this year. Ari Paul the company’s co-founder and chief information officer made a bet last year that Bitcoin would outperform its peak price achieved in the previous year something that is yet to materialize. The Bitcoin bet was worth $1 million Business Insider found out that Paul had spent $1 million on call options which were…