Bitcoin 

Over 50% of Morgan Creek Founder Anthony Pompliano’s Net Worth Is In BTC

Founder of the capital management firm Morgan Creek Antony Pompliano said on CNBC’s Squawk Box that over half of his net worth is in Bitcoin (BTC). In a video published on Twitter on Aug. 6, channel’s another guest, Canadian businessman and TV personality Kevin O’Leary, called this “a shame”: “That’s crazy. I forbid that, that’s insane, that breaches everything about diversification in investing. […] 50 percent? shame on you! That’s nuts!” In this turn, Pompliano asked how much of O’Leary’s current net worth is in the stock market. O’Leary did…

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Bitcoin 

Morgan Creek CEO Says Every Investor Should Hold Some Bitcoin

CEO of Morgan Creek Capital Mark Yusko says bitcoin (BTC) should be in every investor’s portfolio in an interview with CNBC on May 22. Yusko remarked that he thinks BTC investments will far outperform the S&P 500 investment fund over the next 10 years.When asked about putting money into BTC, Yusko said: “Bitcoin is a great diversifying asset. It has very low correlation. It should be in everybody’s portfolio.” Yusko also recalled his $1 million ‘Buffet Bet 2.0’, in which Morgan Creek Digital made an open bet that its Digital…

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Blockchain 

Crypto Data Firm Raises $6 Mln From Morgan Creek Digital Assets, Others

Digital Assets Data — a crypto-focused fintech and data firm — has launched with a $6 million raise from industry backers such as Digital Currency Group, Morgan Creek Digital Assets and others. The financing will enable the firm to build out a new institution-grade crypto data platform, according to a press release shared with Cointelegraph on April 30. Digital Assets Data’s co-founder and CEO Mike Alfred previously served as co-founder and CEO of Blackscope, a financial information company that provided data and ranking services to major asset managers such as…

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Blockchain 

Major US Retailer Kroger Drops Visa, Morgan Creek Digital Suggests Lightning Network

Morgan Creek Digital founder Anthony Pompliano has suggested that major United States retailer Kroger should deploy the Lightning Network in its stores, following the brand’s decision to stop accepting Visa at some locations. According to Pompliano’s tweet from Mar. 3, the negotiations have already started. On Friday, Mar. 1, Kroger officially announced that its Smith’s Food & Drug stores will not accept Visa cards starting Apr. 3 due to the high fees that company imposes on major retailers. “Visa has been misusing its position and charging retailers excessive fees for…

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Cryptocurrency 

Morgan Creek Digital Secures $40M Backing from Public Pension Funds

According to Bloomberg, renowned digital asset firm Morgan Creek Digital has successfully closed a new $40 million blockchain-specific venture capital fund. It has done this because of major contributions from two US public pensions. Initially, the venture looked to raise $25 million. Morgan Creek Digital Backed by finance behemoth Morgan Creek Capital, Morgan Creek Digital is a hedge fund. The new venture—called the Morgan Creek Blockchain Opportunities Fund—has been created specifically for investment into the digital asset space. Pension Plans The two pension plans are based in Virginia. They are ‘anchor investors’ in the new…

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Blockchain 

Blockchain-Driven Real Estate Platform Closes Seed Funding Round Backed by Morgan Creek

Blockchain-based real estate platform RealBlocks has successfully closed a seed funding round backed by digital assets manager Morgan Creek Digital, a press release reveals Friday, Jan. 25. Per the announcement, a $3.1 million round was led by United States-based commerce company Science Inc. with participation from Morgan Creek Digital, Zelkova Ventures, Ulu Ventures, and Cross Culture Ventures. The specific amounts of investment were not disclosed. RealBlocks has designed a decentralized platform that tokenizes shares of private equity funds. It also allows real estate investors to sell shares at both domestic…

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