Latest News on INVESTMENT

Finance

Ethereum Layer-2 Offchain Labs Raises $120M Led by Lightspeed Venture Partners

Offchain labs raised $120 million led by Lightspeed Venture Partners in its Series B financing Tuesday, aiming to expand Ethereum contracts to meet the growing demand for Ethereum transactions.

Annie Li

Sep 01, 2021

| 1 Min Read

#BLOCKCHAIN #ETHEREUM #OFFCHAIN LABS #ETH LAYER 2 #INVESTMENT

Industry Expert

Billionaire John Paulson Describes Crypto as “Worthless Bubble”, Will Eventually Crash to Zero

Legendary Billionaire investor, John Paulson, has trashed cryptocurrency. Paulson now calls cryptocurrencies a bubble that will eventually prove to be worthless. He instead recommends gold as a safe haven asset.

Nicholas Otieno

Aug 31, 2021

| 2 Min Read

#JOHN PAULSON #BILLIONAIRE #INVESTOR #CRYPTOCURRENCY #INVESTMENT #PRICE #VOLATILITY

Finance

Morgan Stanley Buys Up To $40 Million Worth of Grayscale Bitcoin Trust Shares

Morgan Stanley recently bought more shares in Grayscale Bitcoin Trust to expand its allocation in Bitcoin investment. The move indicates a continued and ever-increasing position in crypto-related assets.

Nicholas Otieno

Aug 27, 2021

| 2 Min Read

#MORGAN STANLEY #BITCOIN #INVESTMENT #GRAYSCALE #BITCOIN TRUST SHARES

Enterprise

UK Billionaire Simon Nixon's Family Office Announces Plans to Enter Cryptocurrency Market

Seek Capital family office has decided to expand its investments into crypto assets by planning to hire an analyst who understands cryptocurrencies to help the firm manage crypto portfolios.

Nicholas Otieno

Aug 27, 2021

| 2 Min Read

#SEEK CAPITAL FAMILY OFFICE #UK #SIMON NIXON #CRYPTOCURRENCY #INVESTMENT

NFT

Fox Corp Leads a $100M Strategic Investment in Blockchain Digital Content Management Company Eluvio

U.S. media giant Fox Corp announced a $100 million strategic investment in Eluvio, a blockchain digital content management company to expand the Non-fungible token (NFT) business.

Annie Li

Aug 26, 2021

| 2 Min Read

#BLOCKCHAIN #NFT #FOX CORP #ELUVIO #INVESTMENT

Industry

Taiwan’s Blockchain Startup XREX Completes $17M Pre-A Round Funding

Taiwan’s blockchain startup XREX has completed a pre-A round of financing, led by CDIB Capital Group, with $17 million in total.

Annie Li

Aug 23, 2021

| 2 Min Read

#BLOCKCHAIN #BITCOIN #INVESTMENT #PRE-A ROUND #XREX #CDIB

Bitcoin

Bitcoin’s Illiquid Supply Hits ATH as BTC and the S&P 500 Index Continue Being Strongly Correlated

Illiquid supply in the Bitcoin network hit a record-high, as acknowledged by on-chain metrics provider Dilution-proof.

Brian Njuguna

Aug 23, 2021

| 2 Min Read

#BITCOIN #CRYPTOCURRENCIES #BITCOIN SUPPLY #S&P 500 INDEX #INVESTMENT #CRYPTO

News

Coinbase Invests $500M in Cash and Cash Equivalents and to Allocate 10% of Quarterly Net Income in Crypto

Cryptocurrency exchange Coinbase said it has committed $500 million in cash and cash equivalents and 10% of its quarterly net income which is worth $160 million will be invested in a portfolio of crypto assets.

Annie Li

Aug 20, 2021

| 2 Min Read

#BLOCKCHAIN #BITCOIN #COINBASE #INVESTMENT #CRYPTO

Regulation

South Korea Crypto Sector Face Headwind over Stricter Legal Regulations Challenges ahead

Crypto sectors and retail investors face a tough time as the finical regulators in South Korea are about implementing tougher and stricter administrative measurements to supervise the crypto industry.

Mervyn Kwan

Aug 20, 2021

| 2 Min Read

#BLOCKCHAIN #BITCOIN #SOUTH KOREA #REGULATION #INVESTMENT

Bitcoin

Bitcoin Needs to Flip the $47K Area for Support before Witnessing a Surge to $50K

Market analyst Michael van de Poppe believes that Bitcoin needs to flip the $47K area to accomplish its $50K journey.

Brian Njuguna

Aug 17, 2021

| 2 Min Read

#BITCOIN #PRICE #ACTION #CRYPTO #MARKET #ANALYSIS #INVESTMENT

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