Bitcoin 

ConsenSys CSO Seeks to Raise $50M for New Blockchain Investment Fund

An executive at the Ethereum blockchain firm ConsenSys is launching a new blockchain-oriented investment firm, Aligned Capital. Sam Cassatt, the chief strategy officer (CSO) at ConsenSys, announced that the firm will be seeking to raise $50 million for its first fund in an announcement on Nov. 15. Cassatt, who has been at the firm for five years, will continue to serve as an advisor to ConsenSys while working full-time as a founding managing partner at Aligned Capital. Apart from blockchain, Aligned Capital will invest in safe AI and innovative healthcare…

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Bitcoin 

Ron Paul Survey Reveals Most Prefer Bitcoin for 10-Year Investment

Almost 60% of 70,000 people would take Bitcoin (BTC) over fiat currency as a long-term investment. That was according to a new survey on Nov. 4 by Ron Paul, the ex-Texas Congressman who has become well known for his proactive position on cryptocurrency.  Ron Paul survey: 58% choose BTC Part of a regular series of polls, Paul asked Twitter users about their investment preferences for $10,000 of value, delivered as a lump sum and untouchable for ten years. So far, out of more than 67,000 responses, Bitcoin is easily the…

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Bitcoin 

4 Reasons Why Bitcoin Improves Investment Portfolio Upside

Major United States investment management firm VanEck has listed four reasons why Bitcoin (BTC) improves an investment portfolio upside. On Oct. 8, VanEck released research titled “The Investment Case for Bitcoin,” aiming to determine what role the cryptocurrency can play in an investment portfolio. According to VanEck, a firm that attempted to list a Bitcoin-based exchange-traded fund (ETF) with U.S. regulators in 2018, Bitcoin’s combination of “durability, scarcity, privacy, and its nature as a bearer asset all contribute to it holding monetary value.” 1. Monetary value instead of intrinsic value…

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Blockchain 

Blockchain Firm Secures $5 Million From Investment Company Cosimo

Oneiro, a blockchain solution company, secured a $5 million investment from Cosimo Ventures. Total investment of $8 million In an Oct. 3 press release, Boston-based provider of high-performance blockchain solutions Oneiro announced that it had secured a $5 million investment from Cosimo Ventures in a Series A funding round. Cosimo Ventures is an investment firm involved in sectors including blockchain, cryptocurrencies and the Internet of Things. Oneiro’s latest funding round brings the company’s total venture capital investment to $8 million. The company wrote that it plans to use those funds…

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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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Bitcoin 

Ex-Google Product Manager Joins Multicoin Capital as Investment Principal

Blockchain and cryptocurrency investment firm Multicoin Capital hired a former Google product manager as one of its new investment Principals. In a blog post published on Oct. 1, managing partner Kyle Samani said that Tony Sheng would help secure new deals for the firm while also working with existing portfolio members. Crypto market offers “tremendous alpha” “The crypto market is still very young, and there is tremendous alpha to be captured in many ways. Things are only just starting to get interesting,” he summarized, adding: “With the all the right…

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Blockchain 

Peter Thiel-Backed Investment Fund 1Confirmation Raises $45 Million

Crypto investment fund 1Confirmation, backed by tech billionaire Peter Thiel, has raised $45 million for its second fund. Following the raise, 1Confirmation has over $75 million in assets under management for investing in new projects in the crypto industry, the firm’s founder Nick Tomaino announced on Sept. 25. San Francisco-based 1Confirmation is one of the earliest crypto investment firms that have high-profile backers such as PayPal co-founder Thiel, billionaire investor Mark Cuban, Andreessen Horowitz’s co-founder Marc Andreessen, and global private equity fund-of-funds Horsley Bridge, the post notes. $60 million initially…

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Bitcoin 

Chinese Always Saw Bitcoin as Investment, Not for Payments

Bobby Lee — co-founder and former CEO of China’s first crypto exchange BTCC — says the Chinese have always thought of Bitcoin as an investment rather than a payment system.  Lee made his remarks during an interview for Charlie Shrem’s Untold Stories podcast on Sept. 18. Designed for non-geek users Beyond sharing his reflections on the Chinese cryptocurrency landscape — covering interactions with regulators and observations about local investor tendencies — Lee used the airtime to discuss his latest crypto venture, a hardware wallet dubbed Ballet: “Ballet is the culmination…

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Ethereum 

Blockchain Is a New Frontier According to Top Executives, Investment Levels Plummet

There are mixed indicators regarding the current progress or stalling of blockchain adoption throughout the enterprise world. Research has indicated that investments have dropped by over half over the last year, contrary to other research showing a growing sentiment toward the vitality of blockchain adoption as an innovative technology. For example, Research by CB Insights in 2019 indicates that there may be a separation between corporate adoption and corporate investments into blockchain companies. As reported previously by Cointelegraph, blockchain investments have dropped by up to 60% since 2018. However, this…

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Blockchain 

London-Based Hedge Fund Raises $50M to Launch New Crypto Investment Fund

Nickel Asset Management, a United Kingdom-based hedge fund manager, has raised $50 million for its newly launched crypto investment fund. According to a report from Finance Magnates on Sept. 9, the hedge fund has raised $50 million for its newly launched crypto investment fund, Nickel Arbitrage Fund, which aims to take advantage of arbitrage trading in digital assets. In arbitrage trading, traders buy an asset on one exchange and sell it on another at a higher price, thereby profiting from the price difference in separate markets. Alek Kloda, portfolio manager…

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