Bitcoin 

DigitalX Launches Bitcoin Fund Seeded With $1.9M in BTC

Australian crypto firm DigitalX Ltd. is launching a Bitcoin (BTC) fund, seeded with roughly $1.9 million of its own holdings in cryptocurrency. According to a news release published on Nov. 13, the new fund is offered through an unlisted fund structure to enable investors like family offices and high net worth individuals to gain exposure to the coin via a familiar vehicle.  Seeded with 215 Bitcoin — roughly $1.9 mln DigitalX has reportedly been involved in the Bitcoin space since 2014, beginning with mining before evolving to offer trading and…

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Blockchain 

Zilliqa Offers $5M Fund to Oxford DLT Students to Support Diversity

Singapore-based blockchain firm Zilliqa launches blockchain workshops in collaboration with Oxford University to encourage diversity in the industry. Together with Zilliqa, the Oxford Women in Computer Science Society (OxWoCS), an Oxford society that aims to support women in computer science, will carry out a series of interactive workshops called Blockchain A-Z, according to a press release shared with Cointelegraph on Oct. 31. Winners to apply for grants to Zilliqa’s $5 million Ecosystem Grant Programme According to the announcement, Blockchain A-Z will be conducted on-site at the University of Oxford and…

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Bitcoin 

Canadian Markets Regulator Gives 3iQ Green Light to Offer Bitcoin Fund

Canadian investment fund manager 3iQ will now be able to offer Canadian retail investors a regulated, publicly-traded Bitcoin (BTC) fund. Bitcoin fund available to retail investors by end of year In an Oct. 30 press release, 3iQ announced that it had received a favorable ruling from the Ontario Securities Commission (OSC) in regard to its closed-end Bitcoin fund, which is expected to be available on a major Canadian stock exchange by the end of the year. In February, Canada’s markets regulator ruled negatively on 3iQ’s proposal to launch its regulated…

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Blockchain 

Chinese Guangzhou Gov’t Unveils $140M Blockchain Subsidy Fund

The Guangzhou government has announced a $140 million subsidy fund to encourage the development of blockchain initiatives. The local authorities are reportedly planning to spend 1 billion yuan ($141 million) to selectively sponsor two blockchain-related projects per year, according to a tweet of a senior exec at crypto investment holding firm Primitive Ventures. “No-coin” public chains Citing a report by Beijing-based media outlet Caijing on Oct. 30, Primitive Ventures’ co-founder Dovey Wan emphasized that the government is specifically planning to support two types of blockchain-related projects:  federated chain projects and…

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Bitcoin 

Bitcoin Below $8K Is a Buy Zone, Says Crypto Hedge Fund Co-Founder

Joel Birch, the founder of crypto hedge fund and market research firm Lunar, said that he sees Bitcoin (BTC) at under $8,000 as a buying opportunity during an interview with Forbes published on Oct. 23. Buying bottom and selling top does not work Birch also explained that he does not believe in trying to time buying at bottoms and selling at the tops to be a good strategy. Instead, he is of the idea that “averaging in and averaging out is the best strategy.” This is a strategy in which…

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Bitcoin 

New Bitcoin ETF Proposal Filed With SEC by Gold Fund Veteran

Delaware-based asset manager Kryptoin Investment Advisors applied with the United States Securities and Exchange Commission (SEC) to launch a Bitcoin (BTC) Exchange Traded Fund (ETF) on Oct. 15. A Bitcoin ETF on the New York Stock Exchange According to the filing document published by the SEC, the Kryptoin Bitcoin ETF Trust is meant to be traded on the New York Stock Exchange Arca. Notably, the ETF product is designed: “[…] To provide exposure to bitcoin at a price that is reflective of the actual bitcoin market where investors can purchase…

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Blockchain 

Pomp’s Morgan Creek Raises $61M For Blockchain Fund, Targets $250M

Anthony Pompliano’s Morgan Creek Capital Management firm established a blockchain fund to explore opportunities using distributed ledgers. On Oct. 18, the cryptocurrency asset management firm Morgan Creek submitted a filling for its second blockchain fund to the United States Securities and Exchange Commission (SEC) and has so far raised nearly $61 million from 11 investors. The filing — a Form D, that requests an exemption for the offering — shows that the fund started its first offering on Oct. 16 and is ongoing. In an exclusive interview with Cointelegraph, Morgan…

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Ethereum 

UNICEF Launches Cryptocurrency Fund Supported by Ethereum Foundation

UNICEF, the United Nations Children’s Fund, has launched a cryptocurrency fund to support open source technology “benefiting children and young people around the world.” According to the official announcement published on Oct. 8, UNICEF thus became the first U.N. organization “to hold and make transactions in cryptocurrency,” namely Bitcoin (BTC) and Ether (ETH). UNICEF executive director Henrietta Fore added: “This is a new and exciting venture for UNICEF. If digital economies and currencies have the potential to shape the lives of coming generations, it is important that we explore the…

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Blockchain 

Hyundai’s Blockchain Arm to Set Up $10M Fund for Mainnet Launch: Report

Hdac Technology, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group, plans to set up a $10 million blockchain investment fund in 2019. Hdac testnet to launch in November 2019 Hdac will spend the funds to launch its mainnet as well as to develop decentralized applications, support new industry startups and create an ecosystem with a “cryptocurrency compensation system,” Korean outlet The Financial News reported on Oct. 6. Hdac, issuer of Hyundai token (HDAC), is planning to release its mainnet in Q1 2020, the report notes. As…

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Bitcoin 

Investment Firm Files Prospectus for New BTC Futures Fund With US SEC

Investment management company Stone Ridge is trying to register a new Bitcoin (BTC) futures offering with the United States Securities and Exchange Commission (SEC). The new fund is called NYDIG Bitcoin Strategy Fund and describes itself as “a non-diversified, closed-end management investment company that continuously offers its shares,” with an investment objective to achieve capital appreciation by investing in BTC futures contracts, according to an Oct. 2 filing. Cash-settled BTC futures only Detailing its investment strategy, the company noted that the fund will only invest in cash-settled BTC futures traded…

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