Tag Archives: Funds

$30M Shanghai-Based Cryptocurrency Trading Fund to Launch in Early 2019

Shanghai-based digital asset management company is reportedly set to launch a new cryptocurrency trading fund in partnership with an unnamed licensed asset manager in Hong Kong. Cryptocurrency Trading Fund: Arbitrage Strategy Point95 Global – a digital asset management firm based in Shanghai, is reportedly planning to set up a new cryptocurrency trading fund in partnership with an unnamed… Read More »

Hong Kong’s Securities Watchdog to Regulate Crypto Funds

Hong Kong’s Securities and Futures Commission (SFC) says it will bring crypto funds under its securities regulations to improve investor protection. In a circular issued Thursday, the financial regulator said that investment funds based in Hong Kong and that intend to invest more than 10 percent of their gross portfolios into “virtual assets,” either directly or indirectly via… Read More »

Crypto Fund Wins License From Swiss Markets Watchdog

Switzerland’s financial markets regulator has issued a license to a cryptocurrency investment fund in a move that opens the door for wider institutional participation in the country’s crypto activities. Zug-based Crypto Finance AG announced on Tuesday that the Swiss Financial Market Supervisory Authority (FINMA) has given the green light to its subsidiary, Crypto Fund AG, to legally act… Read More »

Yale University Said to Invest in $400 Million Paradigm Crypto Fund

Has Yale University just plunged into the turbulent waters of the cryptocurrency markets? That’s a big yes, according to an anonymous source cited in a Bloomberg report Friday. While yet to be officially confirmed, the Ivy League institution is said to have invested in a major crypto fund set up by Fred Ehrsam, Coinbase co-founder; Matt Huang, a former partner at Sequoia Capital;… Read More »

$1 Billion Blockchain Fund Founders Plan Japanese Yen Stablecoin

Founding partners of the $1 billion blockchain fund backed by the government of the Chinese city of Hangzhou are planning to roll out a Japanese yen-pegged stablecoin. Yao Yongjie, one of the founding partners of the Xiong’An (Grandshores) Blockchain Fund, said the work has already started on the project and that the team hopes to launch the stablecoin… Read More »

The Power of Private Blockchains Is Beginning to Show

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. Cryptocurrency purists often dismiss private blockchains as overly expensive undertakings for projects that are better served with a traditional… Read More »

Pantera Capital Raises $71 Million for Third Crypto Venture Fund

Blockchain investment company Pantera Capital has launched a new crypto fund with over $71 million already committed.

$1 Billion Chinese Blockchain Fund Denies Report of Government Pull-Out

A $1 billion Chinese blockchain fund launched in April has denied a report that local government will pull out its originally planned funding support following a recently leaked recording involving a former partner of the fund. A news report from China Business Journal on Thursday said the Hangzhou city government has required Xiong’An (or Grandshores) Blockchain Fund to stop… Read More »

Huge Inflow into Crypto Investment Fund Despite Bear Market

Crypto investment fund Grayscale has revealed it received record-breaking inflows of money during the first six months of 2018 even though the price of Bitcoin crashed from $20,000 to $7,000. Crypto Fund Receives Strong Backing Grayscale Investments released their first Digital Asset Investment report, which showed a large influx of money into their crypto investment funds. From January… Read More »

A Crypto Exchange Is Buying Back $24 Million-Worth of Its Own Tokens

FCoin, a new cryptocurrency exchange that saw spiking trading volume recently due to its controversial revenue model, has revealed a plan to buy back millions of its own tokens to provide capital for a new fund of funds. The exchange announced last Friday that the new fund will be backing a group of selected token funds to further… Read More »