Bitcoin 

Abu Dhabi Sovereign Wealth Fund Invests in Cryptocurrency Exchange

The world’s thirteenth largest sovereign wealth fund, Abu Dhabi-based Mubadala Investment Capital, has made an investment in cryptocurrency exchange MidChains. As UAE English language newspaper Gulf News reported on Aug. 11, Mubadala Investment Capital has invested in MidChains, a digital currency trading platform set to launch in late 2019 in Abu Dhabi. The exchange will be located in the international financial center and free zone Abu Dhabi Global Market (ADGM). Commenting on the investment, Basil Al Askari, co-founder of MidChains, told the Gulf News: “We’re an exchange. You can think…

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Blockchain 

Bangladesh to Use IT Fund to Bankroll Blockchain Education for Graduates

The Bangladesh government will use money from its $208 million IT project fund to send graduates for blockchain training in Japan and India. Bangladesh authorities plan to send 100 new IT graduates abroad to boost expertise in the fields of distributed ledger technology, artificial intelligence, machine learning and cyber security, Bangladesh’s English-language newspaper The Daily Star reports Aug. 4. As a part of the initiative, the government will also send 200 graduates of computer science and software, electrical and electronic engineering to learn about future trends of information technology, the…

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Blockchain 

US Capital Global Offers $10 Million in a Tokenized Crypto Fund

US Capital Global Securities (USCGS), offers investors a $10 million equities investment in a tokenized fund, reveals a press release published on July 29. USCGS is a Financial Industry Regulatory Authority (FINRA)-regulated affiliate of private investment bank US Capital Global. Per the release, USCGS is offering to accredited investors a $10 million equity investment in the first tokenized venture fund of private digital venture capital fund CityBlock Capital, NYCQ Fund LP. The fund, of which the institution is the exclusive placement agent, reportedly has holdings in major companies in the…

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Bitcoin 

Bill Miller Hedge Fund Surges 46% Thanks to Bitcoin, Amazon

The hedge fund of famous investor Bill Miller saw 46% growth in the first half of 2019, reportedly in some part from investing in Bitcoin (BTC). Citing an investor document, Bloomberg reports on July 26 that Miller achieved such outstanding results by investing in Bitcoin among other high-performing stocks. Alongside Bitcoin, other investments in the Miller’s fund reportedly include Amazon, security system firm ADT, as well as Avon Products. The 69 year-old investor reportedly found success by following a similar investment strategy as he used during his three-decade run at…

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Ethereum 

OKEx Skips Warren Buffett Lunch, Donates $4.5M to Insurance Fund

Cryptocurrency exchange OKEx has donated $4.5 million in Bitcoin (BTC) to its perpetual swap market insurance fund as a show of support for the Warren Buffett Power Lunch. More protection for traders In a press release shared with Cointelegraph on July 23, the Malta-based crypto exchange revealed its contribution to the perpetual swap market insurance, whose amount is equivalent to what Tron’s Justin Sun paid to have lunch with Warren Buffett.  Andy Cheung, head of operations of OKEx, commented on the contribution saying that “the Power Lunch is a significant…

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Bitcoin 

Reddit Co-Founders’s Fund Leads $3.75M Round for Blockchain Gaming Studio

Reddit co-founder Alexis Ohanian’s venture fund led a $3.75 million seed round for blockchain-powered video game studio Horizon Blockchain Games. According to a press release on July 17, Ohanian’s venture fund Initialized Capital led the new seed round alongside other major blockchain investors such as Polychain Capital and Digital Currency Group. Other investors included popular American crypto exchange and wallet service Coinbase, Golden Ventures and Inovia Capital. The secured funds will support Horizon’s goal of further integrating blockchain tech in the gaming industry. The company has created a blockchain video…

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Ethereum 

New Platform Says It Enables Regular and Advanced Users to Create Their Own Crypto Fund

Crypto funds act as a “basket” of different digital assets and can offer a variety of benefits over purchasing individual coins, such as ease of management and the relative safety that comes with diversification. Fortunately, creating and maintaining your own fund just became a lot easier, the platform notes.  The team behind the Iconomi platform says it wants to offer a way for all users — regular and advanced — to easily get involved in cryptocurrency funds, without the complications that often come with traditional offerings like exchange-traded funds (ETFs),…

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Bitcoin 

Billionaire Henry Kravis Invests in Former Employee’s Crypto Fund

Billionaire Henry Kravis has started investing in the cryptocurrency space, according to a report by Bloomberg on June 28 Ben Forman, a former employee of Kravi’s KKR & Co, said that Kravis has invested in the flagship fund for his blockchain-focused investment firm ParaFi Capital of San Francisco. Discussing his decision to leave KKR to found ParaFi Capital, Forman said that he intends to pursue cryptocurrency investing at his new firm: “While I toyed with the idea of pursuing blockchain investing within KKR, it was clear to me that the…

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Blockchain 

Germany Gains Blockchain Real Estate Fund From Investment Manager Peakside

European investment manager Peakside Capital Advisors has launched a real estate fund for the German market using blockchain technology, the company confirmed in a press release on June 12. The fund, which focuses on assets between €15 and €75 million ($17-$85 million), is a product of a partnership with German funds-as-a-service technology platform Brickblock. Bricklock operates ScalingFunds, an investment management platform that runs on blockchain. The startup tokenized its first property in March this year, as reported by Cointelegraph Deutsche. In today’s press release, Stefan Aumann, founding partner of Peakside,…

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Blockchain 

Galaxy Digital Fund Leads Funding Round for Blockchain-Based Game Platform

A fund of cryptocurrency investment bank Galaxy Digital led a $1.8 million seed funding round for Azure’s blockchain-based gaming rewards platform, VentureBeat reports on June 5. Smart Challenge, Azure’s gaming rewards platform, reportedly allows users to create and compete in challenges on the EOSIO blockchain protocol. By using blockchain technology, the challenges are said to be verifiably fair, since participants can see all the challenge rules and how they are implemented. Galaxy Digital reportedly invested to the project through its Galaxy EOS VC Fund, which is an investment organization that funds…

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