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First Crypto Fund Approved by Hong Kong’s Financial Regulator Aims to Pass $100M in its First Year

First Crypto Fund Approved by Hong Kong’s Financial Regulator Aims to Pass $100M in its First Year

Hong Kong’s first approved cryptocurrency fund, Arrano Capital, the blockchain arm of Venture Smart Asia announced its rollout of a new Bitcoin fund in Hong Kong.

UK Court Recognized Cryptocurrency as Property in Freezing Order

UK Court Recognized Cryptocurrency as Property in Freezing Order

In a property ownership tussle, UK high court found itself in the second attempt to recognize cryptocurrency as property. This time round, the court imposed a freezing order to crypto firm directors who failed to prove that they were not owners of the disputed cryptocurrencies.

Ethereum Dominates European Blockchain Startup Scene

Ethereum Dominates European Blockchain Startup Scene

LeadBlock Partners, a European Venture Capital fund that invests in early-stage B2B Blockchain solutions, has announced that Ethereum is a prominent gamechanger among all the European blockchain startups.

Billionaires and Bitcoin: Stan Druckenmiller’s Alarming Warning on Stocks While Paul Tudor Jones Remains Bullish on Bitcoin

Billionaires and Bitcoin: Stan Druckenmiller’s Alarming Warning on Stocks While Paul Tudor Jones Remains Bullish on Bitcoin

Billionaire Stanley Druckenmiller said during a webcast held by The Economic Club of New York that the risk-reward calculation for equities is the worst he has ever seen in his career. The billionaire expressed his doubts about the US equities’ possibility of logging a V-shaped recovery. He added that government stimulus programs will not be enough for the economic recovery post-pandemic. Druckenmiller believes that cash liquidity required to pump assets that are considered risky will shrink shortly as the US Treasury will soon end the private economy which could overwhelm the Fed purchases through borrowing consistently.

Ethereum Price Hits New All-Time High of $1460 as BTC Pulls Back, Why ETH Will Continue Surging

Ethereum Price Hits New All-Time High of $1460 as BTC Pulls Back, Why ETH Will Continue Surging

While Bitcoin has been consolidating and pulling back since its ascent above the $40,000 level, Ethereum (ETH) has soared to a new record-high of over $1460.

Volvo Cars Invests in London-based Blockchain Firm to Reduce Carbon Dioxide Footprint

Volvo Cars Invests in London-based Blockchain Firm to Reduce Carbon Dioxide Footprint

Volvo Cars, a leading Swedish car manufacturer, has invested in Circulor, a London-based blockchain company majoring in industrial supply chains. It sealed the deal through its venture capital investment arm called the Volvo Cars Tech Fund.

Kookmin Bank, South Korea’s Largest Bank Will Offer Cryptocurrency Custody

Kookmin Bank, South Korea’s Largest Bank Will Offer Cryptocurrency Custody

Kookmin Bank, the largest commercial bank in South Korea, will start offering Bitcoin custody services through a new partnership with crypto trading firm Cumberland Korea and blockchain venture fund Hashed.

Singapore Blockchain Week 2020 to assess the new reality for businesses and technology in light of COVID-19

Singapore Blockchain Week 2020 to assess the new reality for businesses and technology in light of COVID-19

Singapore, 12 May 2020 – Blockchain Association Singapore (BAS) and NexChange Group, a venture innovation and media platform, today announced they will be hosting Singapore Blockchain Week 2020 from 21 July to 23 July 2020.

Crypto Wallet and Data Giant Reported to Raise $50M Funding Round

Crypto Wallet and Data Giant Reported to Raise $50M Funding Round

According to a report by Yahoo Finance, Blockchain is raising a VC fund to invest in both equity and crypto coins.

UK’s First Regulated Crypto Bank to be Launched by Former Barclays Tech Head

UK’s First Regulated Crypto Bank to be Launched by Former Barclays Tech Head

The former Head of Technology for the Barclays group, and former CTO at Starling Bank in the UK, Mark Hipperson is planning to launch a regulated crypto bank with his digital banking venture Ziglu.

Block.one to Provide over US$1.5 million in Grants to Promising Businesses Built on EOSIO

Block.one to Provide over US$1.5 million in Grants to Promising Businesses Built on EOSIO

EOS VC is now accepting applications for its Grants Program. The venture capital arm of Block.one is aiming to empower developers to turn their visions for the EOSIO network into innovative realities.

Yearn.Finance (YFI) Price Rebounds with a Massive Rally as Selling Pressure Eased

Yearn.Finance (YFI) Price Rebounds with a Massive Rally as Selling Pressure Eased

Yearn.finance (YFI) managed to find a critical support level that allowed it to rally higher, which moved in tandem with large-cap cryptos.

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