Investment

Diversified Crypto Fund Receives FINRA Regulatory Approval

<header class=”article__header”> </header> <strong>Grayscale Investments has received regulatory approval to publicly quote shares of its diversified crypto fund. The product, which is the firm’s only diversified offering, invests in five main cryptocurrencies. In addition, the firm offers nine single-asset investment funds, some of which are also quoted publicly.</strong> Also read: 7 Crypto Exchange-Traded Products Now …

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Is Bitcoin a Safe Haven Like Gold? These Four Charts Say Not Yet

Galen Moore is a member of the CoinDesk Research team. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. Investors are beginning to have a clear sense why bitcoin exists: it’s digital gold, a narrative that has emerged clearly as other …

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Bitcoin Is 2019’s Best-Performing Asset, Even After Recent Price Downturn

The Takeaway Bitcoin prices have more than doubled in 2019, far outpacing the 31 percent return for U.S. tech stocks, which Goldman Sachs deems the best-performing asset class year-to-date. Outsize returns could attract interest from big investors in the yield-starved traditional financial markets. Executives at data firm Messari say bitcoin prices, currently around $8,200, could …

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Thai Bank Backs Series A Funding for Tokenized Securities Startup iSTOX

Singapore Exchange-backed security token platform iSTOX raised an undisclosed amount of Series A funding from one of the largest Thai investment banks, Kiatnakin Phatra Financial Group (KKP). While declining to reveal financial terms of the deal, the firm said KKP is the only investor in the latest funding round. Proceeds from the raise will be …

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Norwegian Bank Invests in Crypto Exchange Founded By Airline Magnate

A Norwegian savings bank dating back to the mid-1800s has just invested in a cryptocurrency exchange set up by local business magnate Bjørn Kjos. In a press release posted on the Oslo Stock Exchange, Sparebanken Øst said it had taken a 16.3 percent stake in Norwegian Block Exchange (NBX) for 15 million Norwegian krone (around $1.638 million). NBX was revealed to …

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Van Eck, SolidX to Offer Bitcoin ETF to Institutions via SEC Exemption: Report

While the U.S. Securities and Exchange Commission (SEC) has so far blocked a number of proposed bitcoin ETFs, two firms aim to launch a more limited option this week. According to a report by the Wall Street Journal on Tuesday, VanEck Securities and SolidX Management – which have previously had a decision on their proposed bitcoin ETF postponed …

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Crypto Payments Startup Eligma Raises €4 Million From Bitcoin.com and Pangea Blockchain Fund

</header> <strong>Many retail stores would like to welcome the added business that the crypto community brings, but find that they don’t have the capability to do so within their existing payment infrastructure. One company bridging this gap is Slovenian startup Eligma which is now set to start global expansion with an infusion of cash from …

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Development ‘On the Chain’ to Promote Off-Chain Blockchain Adoption?

In the last decade, blockchain and distributed ledger technology has had an immense impact on a multitude of industries, with 84% of organizations experimenting with the technology, with more than half (52%) of blockchain projects in the research and development phase, according to the PwC Global Blockchain Survey.  The industries making important strides forward with …

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PR: Evercoin Announces $1M Pre-Seed Financing With gumi Cryptos and Prominent Blockchain and Open Source Pioneers

<header class=”article__header”> </header> Investors include Founder/Executive Chairman of Bitcoin.com (Roger Ver), Founder/CEO’s MuleSoft, and JBoss. San Francisco, CA – Evercoin announced today $1M in pre-seed stage financing from gumi Cryptos and prominent Blockchain and Open Source pioneers. Investors in this round include: Gumi Cryptos CapitalRoger Ver — Founder, Executive Chairman of Bitcoin.comRoss Mason — Founder …

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Ex-Goldman Sachs Exec Confident ‘Nothing Else Has Payoff’ as Bitcoin

Raoul Pal, a former head of equities and equities derivatives at Goldman Sachs UK office and the founder of Global Macro Investors and Real Vision Group, believes that Bitcoin (BTC) is worth betting on in the long term — even if it’s just a 1% chance. This and other insights Pal shared while speaking on …

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