Scaramucci’s SkyBridge Starts Fund for Bitcoin Mining
A filing reveals a new fund with $7 million already booked. It was created for a second investment into bitcoin miner Genesis Digital, a source tells CoinDesk. Source link
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Former Citi Digital Asset Execs Launch Crypto-Focused Fund
For an income-focused strategy, Motus sees a “mismatch” between funding digital assets versus traditional finance. “Global banks have so much cash they pay zero or less for deposits. Meanwhile, the stablecoin market cap has quintupled since 2021, and investors still command high-single to double-digit returns for dollars or dollar-pegged assets.” Thus, an opportunity presents itself, …
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Fund Manager Jim Chanos Says He’s Shorting Coinbase
The founder of Kynikos Associates called the crypto exchange a “bubble stock” in a CNBC interview. Source link
Princeton alumni in crypto space fund $20 million research project
advertisement Four Princeton alumni have pooled $20 million to fund a new research project on blockchain and the decentralization of power. The group includes big names in the crypto and finance spaces. They are principal and co-chief executive officer of Fortress Investment Group Peter Briger Jr., co-founder of Ethereum and CEO of ConsenSys Joseph Lubin, …
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GameStop Taps Immutable X for NFT Marketplace, Launches $100M Gaming Fund
The gaming retail giant said Thursday it tapped the layer 2 system, to be used atop Ethereum, because of Immutable’s “zero gas fees for trading and minting NFTs in a carbon-neutral environment,” according to a press release, referring to non-fungible tokens. Source link
Crypto.com Capital Expands $200M Fund to $500M
Singapore-based Crypto.com Capital announced today that it is expanding the size of its fund to $500 million, from the $200 million it announced in March 2021. Jon Russell, its newly hired General Partner based in Bangkok, told CoinDesk the fund will do seed and series-A deals, typically up to a $10 million check for the …
FTX launches $2 billion venture fund, hires Lightspeed exec to lead
Sam Bankman-Fried’s FTX has launched a new venture capital unit, adding billions of dollars in fresh capital to the already bloated private market for crypto investing. FTX — which has long made investments alongside its sister company Alameda — said in a press release that FTX Ventures aims to “advance global blockchain and web3 adoption, …
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US DOT wants to fund research into crypto token incentives for drivers
advertisement The U.S. Department of Transportation’s Small Business Innovation Research (SBIR) program unveiled a raft of proposed research areas this week, including one that proposes investigating the use of crypto tokens to incentivize approaches to what it calls “modality use by consumers.” The information was included in a pre-solicitation notice issued on January 6. Per …
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Haun’s new venture fund lining up investors to raise nearly $900 million
Prosecutor turned crypto venture capitalist Katie Haun is looking to raise nearly $900 million for a new venture firm. Haun, who joined a16z as a partner for its crypto investing unit in 2018, left the firm at the end of last year, as reported by Axios at the time. Now, Haun’s new firm —dubbed KRH— …
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Axie Infinity co-founder joins early-stage token fund 1kx as Venture Partner
advertisement Jeffrey Zirlin, also known as Jiho, the co-founder of the company that made the popular NFT-based play-to-earn game Axie Infinity, has joined the early-stage token fund 1kx as a venture partner. According to a tweet thread from 1kx, Jiho will guide the firm’s investment strategy for emerging play-to-earn media. “We regard Jiho to be …
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