Tag Archives: Investments

Taiwan Indicts Seven Allegedly Fraudulent Bitcoin Investment Managers

Seven people who allegedly managed a fraudulent crypto investment scheme have been indicted in Taiwan, according to a report by English-language local media FocusTaiwan on Jan. 18. According to the report, citing local prosecutors, the defendants were charged with the violation of Taiwan’s Banking and Multi-Level Marketing Supervision acts. The group was reportedly arrested on June 13 last… Read More »

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17. Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its single-currency products to trusts. The company serves “single-asset investment products that… Read More »

Major Blockchain Investors Arrington XRP, NEO Global Back DEX-Focused Startup

Decentralized exchange (DEX) aggregator Totle has closed a fresh funding round led by major blockchain investors, according to a blog post from the firm Jan. 14. Arrington XRP, a crypto-focused hedge fund created by TechCrunch founder Michael Arrington, alongside top blockchain investment funds NEO Global Capital (NGC) and Goren Holm Ventures, have reportedly jointly led the $1 million… Read More »

Iceland: Draper Associates Leads $5 Million Funding Round for Blockchain-Based ID Platform

Iceland’s blockchain-based identity verification platform Authenteq has raised $5 million in a funding round led by Draper Associates and Capital300, the American tech website VentureBeat reports on Jan. 14. Following the two-week funding round, the company revealed its intention to conduct the second closing of the Series A financing for additional investors in the coming weeks. The latest… Read More »

Arrington XRP Leads $1 Million Funding Round in Dapp Economy Startup

Dapp economy startup Totle has raised $1 million in a private funding round. Arrington XRP, the hedge fund launched by TechCrunch founder Michael Arrington, led the round along with NEO Global Capital and Goren Helm Ventures. Detroit-based Totle offers an application programming interface (API) allowing crypto wallets such as EtherDelta and RadarRelay to offer certain exchange functions, including… Read More »

Swiss Multi-Billion Dollar Bank Vontobel Launches Regulated Crypto Custody

Switzerland’s major private investment bank Vontobel has launched a crypto custody solution targeting banks and asset managers, according to an official press release published on Jan. 14. Zurich-based Vontobel bank is reportedly the third largest financial custody provider in Switzerland, with 110.3 billion CHF ($112.2 billion) in assets under its actively developing Asset Management tool, according to the… Read More »

Grayscale Assures Investors: Ethereum Classic Trust Funds Not at ‘Direct Risk’

In the wake of a 51 percent attack on ethereum classic (ETC), the manager of an investment vehicle that holds the cryptocurrency has been fielding inquiries from investors looking to understand if the underlying assets in the fund are safe, CoinDesk has learned. On Monday, the day after the reorganization of transactions on the ethereum classic blockchain came… Read More »

Overstock’s Security Token Trading Platform to Give Investors Control Over Token-Holdings

The security token exchange subsidiary of e-commerce retail giant Overstock, tZERO, has started releasing control of its tokens, according to a letter to investors released on Jan. 11. Last August, the subsidiary had announced that its security token offering would close, having raised $134 million out of the maximum amount of $250 million previously specified. In June 2018,… Read More »

The Case for a 2020 Bitcoin Bull Run

Christopher Brookins is the founder of Pugilist Ventures, a quantitative crypto fund founded out of Carnegie Mellon. ———————————————————————————————— Since the end of 2018, price action has been demonstrably negative, which surprised many expecting the end of Q4 historical “pump” in prices. The price plummet appears largely driven by negative sentiment and swathes of selling pressure after the 2018… Read More »

Equity Fund CEO Recommends to Steer Clear of Crypto, Advises to Focus on ‘Basic Goods’

The CEO of investment house Gateway Partners, is shunning Bitcoin (BTC) and cryptocurrency in favor of more traditional investment strategies, Asia-focused business publication Nikkei Asian Review reported on Jan. 2. Gateway Partners is an advisory and private equity company managed by Viswanathan Shankar, the former director of Standard Chartered group. Over the course of 2019, the company is… Read More »