Multicoin Capital, a thesis-driven crypto fund that invests in tokens reshaping entire sectors of the global economy, recently revealed the pillars of its investment strategy. As first highlighted at the Spring 2019 Multicoin Summit, Multicoin is currently focused on three major areas of investment: open finance, Web3, and promoting global, state-free money. “We expect these […]
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SEC, CFTC Issue Investment Warning on Crypto Scams
Sensing a rise in crypto-related scams and fraudulent investment schemes, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have issued a joint warning to investors, encouraging them to take a more thorough approach to verifying potential investments in the space.
The warning was published on April 24, 2019, by the SEC’s Office of Investor Education and Advocacy and the Office of Customer Education and Outreach at the CFTC.
In the notice, the agencies described crypto-related investment scams in which perpetrators — disguised as cryptocurrency trading businesses and advisory firms — collect funds from unsuspecting investors.
PayPal (PYPL) Makes Its First Blockchain Investment
PayPal (PYPL) has joined the Series A round for Cambridge Blockchain, a digital identity enterprise software provider, marking the company’s first official investment in the blockchain space. Cambridge Blockchain is pleased to announce that PayPal has joined our Series A funding round #Identity @PayPalNews https://t.co/qqyObowYAZ — Cambridge Blockchain (@C_Blockchain) April 2, 2019 According to a recent […]
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PayPal Makes Its First-Ever Investment in a Blockchain Startup
Online payments giant PayPal has taken a stake in Cambridge Blockchain – its first investment in the blockchain space.
CoinDesk
Mercado Livre Bans Cryptocurrency Listings Following $750 Million Investment From Paypal
Cryptocurrency listings have been prohibited from publication on Mercado Livre, also known as Free Market, following a $ 750 million investment into the platform from Paypal. Just prior to the announcement, more than 10,000 listings relating to virtual currencies were identified on the platform.
Also Read: Why Africa Continues to Lag Behind in Cryptocurrency Adoption
Latin America’s Largest Marketplace Bans Crypto Asset Listings
Mercado Livre, the largest Latin American e-commerce marketplace by number of visitors, has prohibited the listing of advertisements offering the sale of cryptocurrencies on the platform. The news comes shortly after it announced that Paypal had purchased $ 750 million worth of shares in Mercado Livre.
Crypto Investment App Donut Raises $1.8 Million Seed Round
Donut, a Berlin-based startup building a cryptocurrency investment app, recently announced that it has closed a $ 1.8 million seed round led by Redalpine. Last week we were proud to announce our Seed funding round. But this is just the beginning of our journey to democratise access to digital assets … 🍩 To learn more and […]
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Crypto Investment App Donut Raises $1.8 Million in Seed Funding
Crypto investment app startup Donut has raised $ 1.8 million in a seed funding round as the firm prepares to take its beta product live.
CoinDesk
Social Investment Platform Etoro Launches in 30 US States
Social investment and trading platform Etoro has announced the launch of its platform and cryptocurrency wallet in 30 U.S. states and two territories. In America, users will have access to invest in BTC and 12 other cryptocurrencies at launch, with more to be added throughout the year. The Etoro wallet will initially support bitcoin core, bitcoin cash, ethereum, litecoin, ripple and stellar.
NEM (XEM) Announces Its First Venture Capital Investment
NEM (XEM), a cryptocurrency project building a network designed for better-performing smart assets, has announced that its first venture investment will be in Vimba, a New Zealand-based platform formerly known as MyCryptoSaver that allows users to automatically take money from their bank account and have it converted into crypto for regular monthly savings. NEM Ventures unveils […]
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In the Daily: Quadrigacx Transfer, Tokenized Bonds, Beam Investment, Rakuten Pay
In this edition of The Daily, Canadian exchange Quadrigacx has transferred its remaining crypto funds to the court appointed monitor Ernst & Young. In Germany, the federal securities regulator Bafin has authorized an STO. Also, Beam has found a new investor and Rakuten plans to integrate cryptocurrencies into its mobile app.
Also read: Sirin Labs Smartphone, Middle East Cbx Exchange, IPC’s Connexus Cloud
Quadrigacx Sends Cryptocurrency to Ernst & Young
Troubled crypto exchange Quadrigacx has transferred its cryptocurrency holdings to the court appointed monitor Ernst & Young. According to the second report issued by EY, which is dated Feb. 20, the digital assets will be held in cold storage pending further order of the court. The transfer has been authorized by the judiciary.
Abra announces early access registration to world’s first global investment app
Mountain View, California-headquartered Abra announced in a press release CoinReport received from Spark, Abra’s communications firm, early access registration to its and the world’s first global investment smartphone app. The industry first opportunity allows investors from more than 155 nations to…
The post Abra announces early access registration to world’s first global investment app appeared first on CoinReport.
Platin Secures Investment from EOS Global’s Block.one-Backed EOS Ecosystem Fund
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. Tel Aviv, Israel — January 30, 2019 — Platin, the world’s leading decentralized Proof-of-Location (PoL) protocol, today announced that it has secured investment from EOS Global’s EOS ecosystem fund, a partnership fund of Block.one’s EOS VC investment unit. Platin, which will
Bitcoin Price Will Tank to ‘Zero’, Claims Investment Firm Chief at Davos
By CCN.com: Heated debates are warming up the icy snow-capped city of Davos during this year’s World Economic Forum. BOE senior adviser yesterday said that cryptocurrencies were worthless. Today, BCG Digital Ventures founder Jeff Schumacher said Bitcoin price will fall to zero. Schumacher is a top investor and relative veteran in the space. He told
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Grayscale Adds Investment Trust for Stellar (XLM)
Grayscale Investments, a digital asset management firm founded by DCG, has launched the Grayscale Stellar Lumens Trust, the first single-asset investment product that provides exposure to Lumens (XLM), the native asset of the Stellar network. 1/ We are excited to announce two big developments! First, today marks the launch of Grayscale Stellar Lumens Trust! Investors can now […]
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VC Investor Tim Draper Made $89M From His Bitcoin Investment in 5 Years
Billionaire venture capital investor Tim Draper has made $ 89.1 million from his Bitcoin investment in less than five years. In 2014, Tim Draper purchased a bulk of 30,000 BTC from the U.S. authorities in an auction. He outbid all participating investors by paying $ 632 per Bitcoin, with a slight premium. The $ 18.96 million he spent
The post VC Investor Tim Draper Made $ 89M From His Bitcoin Investment in 5 Years appeared first on CCN
Norway’s Massive Pension Fund Loses $3 Billion+ on its Apple Investment
The giant Norwegian “Oil Fund,” or Government Pension Fund Global, has over $ 1 trillion in assets and one of its largest single investments is in tech-behemoth Apple. The fund is the largest sovereign wealth fund in the world and consists of two wealth funds operated by the Norwegian government, the first was formed in 1967.
The post Norway’s Massive Pension Fund Loses $ 3 Billion+ on its Apple Investment appeared first on CCN
No Investment Strategies Are Worse Than Cryptocurrencies – Professor of Finance
Hopeful about the recent surge in bitcoin price? Expectant about the entrance of Bakkt and the possibility of 2019 being the year of (real) institutional investment? Then don’t read this article. According to these experts, economists, finance professors, miners, and developers, Bitcoin is on its way out – and will soon be as redundant as
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First to Worst: Bitcoin Ridiculed as Most Disastrous Investment of 2018
FinExpertiza, a network of Russian auditing and consulting firms, has lambasted Bitcoin as the least profitable investment instrument in 2018. Russian newspaper Rossiyskaya Gazeta requested a report on the investment ranking of 14 instruments from FinExpertiza. While precious metal palladium turned out to be the most profitable investment, Bitcoin losses were noted to be 71.15% at
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World’s First Blockchain-based Investment Bank by CGCX, IBH Capital and Archipelago
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned
The post World’s First Blockchain-based Investment Bank by CGCX, IBH Capital and Archipelago appeared first on CCN
Intel and ESL Extend Esports Partnership With $100 Million Investment
Computing giant Intel (INTC) has extended its partnership with ESL, the world’s largest esports organizer and production company, and $ 100 million will be invested by the companies to shape the future landscape of esports over the next three years. We are proud to announce the extension of our partnership with @Intel. Over the next three years, […]
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