investment

Crypto Custodian Hex Trust Gets $10M in Latest Investment Round Led by Animoca Brands

Crypto Custodian Hex Trust Gets $10M in Latest Investment Round Led by Animoca Brands

Crypto custodian Hex Trust has secured $10 million in fresh funding to further the market infrastructure and security of its licensed custody platform, Hex Safe. Animoca Brands, a gaming and non-fungible token unicorn, led the round. Participation in the investment round also came via Ripple Labs, Algorand Foundation, BCW Group, Tessera Capital Partners, Mind Fund, …

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Huobi regroups investment arms to Huobi Ventures with $100 million allocation

Huobi regroups investment arms to Huobi Ventures with $100 million allocation

Crypto exchange Huobi has regrouped its investment arms into Huobi Ventures, with $100 million as starting capital. The exchange group said in an announcement on Thursday that it has consolidated Huobi Eco Fund, Huobi Capital and Huobi DeFi Labs into one that is spearheaded by its new chief financial officer Zhang Li, who joined the …

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European Investment Bank to price €100 million in bonds on Ethereum: report

European Investment Bank to price €100 million in bonds on Ethereum: report

The European Investment Bank (EIB), the investment and development arm of the European Union, plans to price €100 million in bonds registered in the Ethereum network. According to a report by Bloomberg, the EIB’s inaugural blockchain bond sale will consist of €100 million in two-year notes. The bonds could be priced today. The sale of …

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A $150 billion investment unit of Morgan Stanley is exploring bitcoin: report

A $150 billion investment unit of Morgan Stanley is exploring bitcoin: report

Counterpoint Global—a unit of Morgan Stanley Investment Management—is exploring whether it will make a bet on bitcoin, according to a Bloomberg News report.  Citing sources, the report said that the unit, which manages $150 billion, would need approvals from the wider firm and regulators to make such an investment. Still, it represents Wall Street’s broader …

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Three big questions now that the U.S. government is cracking down on BitMEX

BitMEX’s holding company backs new investment fund Cadenza

100x Group, the holding company connected to derivatives exchange BitMEX, has backed a new investment fund named Cadenza Capital Management. The fund is run by managing partners Kumar Dandapani and Max Shapiro, who used to manage BitMEX’s venture capital arm 100x Ventures. Dandapani was head of ventures at 100x Group from 2018 until 2020, while …

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FCA issues warning against cryptocurrency investment and use

FCA issues warning against cryptocurrency investment and use

The Financial watchdog of the United Kingdom, the Financial Conduct Authority [FCA] on Monday, released a warning for consumers about the investment risk in cryptocurrency. According to the statement, the focus of the warning was mainly towards crypto-assets and businesses promising high returns. The warning included the FCA stating that the consumers should be prepared …

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Average Bitcoin transaction fees rose to their highest level since 2018 this week

Anthony Scaramucci outlines his new Bitcoin fund, discloses initial $25 million investment during interview

The bitcoin fund founded by Anthony Scaramucci’s SkyBridge Capital has invested some $25 million ahead of a planned public opening sometime next year. In comments to CNBC, Scaramucci outlined the contours of the Bitcoin fund — the existence of which The Block reported Monday — and its potential appeal to would-be investors.  “It became clear …

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