GBTC, the world’s largest bitcoin fund, has been trading at near a record discount relative to the price of bitcoin.
CoinDesk
Distressed Bitcoin Mining Assets Are Becoming Popular Investments
As the bitcoin price continues to struggle, investors are showing interest in buying distressed bitcoin mining assets.
Bitcoin continues trading well off its record highs as the latest bear market continues, thanks to a variety of macroeconomic shocks and strains. Bitcoin miners are especially feeling the pain of a depressed market, with hash rate climbing and hash price dropping.
Against this backdrop of doom and gloom, a growing cohort of investors are pooling capital with the intent of lending to or investing in distressed mining teams. Fresh capital injections may be just the solution to help struggling companies survive the bear market. But for others, simply throwing money at a failing venture fixes nothing. This article explores growing investor interest in distressed mining assets and discusses possible outcomes for these investments.
Binance To Reach 1 Billion In Investments By End Of This Year
Despite the long-lasted crypto winter, blockchain developments continue to make headlines almost daily.
Similarly, the world’s largest crypto exchange by trading volume, Binance, has spent a considerable fortune on investments and acquisitions and continues to pour money even in worse market situations. Chengpeng Zhao (CZ), the crypto exchange founder, has revealed that there is still so much left to build, and the company’s spending is expected to reach 1 billion by ending this year.
Related Reading: Public Bitcoin Miners Plan To Grow Hashrate 50% By End Of 2022
Cardano Developer Emurgo Undaunted By Bear Market As It Shells Out $200M In Investments
The crypto bear market has been brutal, but it has not stopped development in the Cardano ecosystem in any way. The network recently celebrated the completion of its Vasil hard fork, and even though the price of its native token ADA has failed to move in tandem with the development, Cardano developer Emurgo is not discouraged as it reveals a massive fund for developments on the network.
$ 200 Million To Cardano Projects
Algorand Revealed Investments Worth $35M In Troubled Crypto Lender Hodlnaut
The Algorand Foundation has disclosed that it has invested $ 35 million in USD coin (USDC) in the beleaguered crypto lender Hodlnaut.
The cryptocurrency lending firm had paused its withdrawals earlier last month.Algorand is a blockchain infrastructure which has embedded smart contract functionality.
The Foundation is a non-profit community organisation that has focused its efforts on the development of the Algorand ecosystem.
It supports the blockchain and also oversees its overall development.
According to a statement provided by Algorand on its website, it supposedly mentions that these funds make up less than 3% of its total assets.
Brevan Howard Subsidiary Raises $1B For Crypto Investments Amid Bear Market
A recent report noted that BH Digital, a Brevan Howard Asset Management subsidiary, is taking a progressive growth measure in the crypto sector. It has successfully generated over $ 1 billion through institutional investments. The project intends to channel the fund to its crypto strategies and development plans. It is currently accepting more investments in continuation of its achieved stance.
BREAKING: Brevan Howard scores the largest #Crypto hedge fund launch ever.
The firm has raised more than $ 1 billion!#cryptocurrency #cryptofund #CryptoNews
— Satoshi Club (@esatoshiclub) August 4, 2022
Sports Fans Ready To Move Beyond The Hype And Make NFT Investments: Survey Report
On July 23, the National Research Group (NRG) released research on the perceptions of non-fungible tokens among sports fans. The research findings indicate that 64% of sports fans are interested in finding out more about NFTs and would consider buying at least one in the future.
Blockchain technology in the form of non-fungible tokens enables users to create long-term ownership of digital assets. The development of NFT technology has resulted in the emergence of a significant and varied market for digital artwork and collectibles.
Related Reading | Tighter Crypto Regulation In Thailand Delays Bitkub’s Acquisition
Crypto VC Investments Drop 26% in First Half of 2022
Investments totaled $ 9.3 billion versus the $ 12.5 billion in last year’s period, but the number of deals increased.
CoinDesk
Crypto Assets Outshine Most Traditional Investments in 2019
Last year, cryptocurrency proponents either complained about the low prices or celebrated the fact they could obtain cheaper coins. 2019 has been an entirely different story, however, as digital assets have started to gain significant value in comparison to traditional assets like stocks, oil, and precious metals.
Also Read: US Copyright Office Responds to Craig Wright’s Bitcoin Registrations
Grayscale Reports $3.2 Million Average Weekly Investments in Bitcoin Trust
The first quarter of 2019 was bullish for the digital asset management firm Grayscale Investments and the company is gearing up to have another run.
According to a first quarter “Digital Asset Investment Report” from the company, published on May 13, 2019, product inflows from Grayscale Investments grew by 42 percent over Q4 2018. The company revealed that its Bitcoin Investment Trust (BIT) saw the vast majority of investments in the quarter, as the trust secured an average weekly investment of $ 3.2 million out of the firm’s total weekly investment count of $ 3.3 million — leaving non-bitcoin investment products driving less than $ 1 million in average weekly investments.
47% of Institutional Investors Welcome Crypto Investments, Survey Shows
A new study reveals surging investments in cryptocurrencies by institutional investors, with almost half of them viewing crypto assets as having a place in their portfolios. “Institutional investors are overwhelmingly favorable about the appealing characteristics of digital assets,” Fidelity Investments described.
Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request
Institutional Investors See Crypto’s Potential
Fidelity Investments released the results of its new survey and study on institutional investors’ crypto asset investment strategies on Thursday. Noting a significant rise in interest among intermediaries and institutions, the company wrote:
A conversation with Jamie Burke, CEO & founder of Outlier Ventures, on state of blockchain investments, Big Tech’s future & way to build next Internet
Editor’s note: The following interview was conducted by Nick Ward (NW), director at communications agency Fire on the Hill. CoinReport would like to thank Fire on the Hill for sharing this interview with us. Jamie Burke (JB) believes that the Internet is broken. The FAANGs have a monopoly on…
The post A conversation with Jamie Burke, CEO & founder of Outlier Ventures, on state of blockchain investments, Big Tech’s future & way to build next Internet appeared first on CoinReport.
Dubai’s SEED Group names INVAO as intl. blockchain investments partner
Dubai’s SEED Group, an association of diversified firms owned by The Private Office of Sheikh bin Ahmed Al Maktoum, has selected INVAO, the blockchain asset pool for investors, as the exclusive international partner for blockchain investments, according to a press release CoinReport received from Wa…
The post Dubai’s SEED Group names INVAO as intl. blockchain investments partner appeared first on CoinReport.
Crypto Startups Push Swiss VC Investments to a Record $1.25B
Startups based in Switzerland have attracted a record amount of venture capital in 2018 and companies from the cryptocurrency industry have contributed to the notable increase. Zug, which is home to the country’s Crypto Valley, is among the cantons with the highest growth in investment volume, a new report reveals.
Also read: Crypto Mining Could Bring Russia $ 1B in Taxes, Report Suggests
Fortnite’s Epic Games Leads Record $5.7 Billion Year for Gaming Investments in 2018
Game company investments, into market leaders like Epic Games, doubled an already record figure for gaming investments in 2017. Epic Games, developer of Fortnite – the world’s most popular videogame – saw the greatest single investment in 2018 of $ 1.25 billion. Epic Games $ 1.25 Billion Funding Round is the Largest non-IPO Gaming Investment Ever A first-quarter 2019 report from Digi-Capital, as reported by VentureBeat confirmed the latest industry statistics. Gaming investments reached $ 5.7 billion in 2018. Double the record figure for 2017. Epic Games, riding on the global success of online-game Fortnite, led by raising $ 1.25 billion from investors. Epic’s huge
Pantera Capital Braces for SEC Action Against 25 Percent of ICO Investments
Increasingly frequent action taken by the SEC against initial coin offerings is expected to lead to more cryptocurrency projects being forced to refund investors. Among those expected to be affected is the first U.S.-based cryptocurrency investment firm, Pantera Capital, with the company bracing to receive refunds on a quarter of its ICO investments.
Also Read: BTI Claims Only Two of Top 25 Crypto Exchanges Accurately Report Volume
Venture Capital Investments in Crypto Startups up 316% in 2018
As initial coin offerings (ICOs) begin to face increasing regulatory scrutiny, blockchain and cryptocurrency startups are beginning to turn towards more traditional forms of funding. According to a recent report by Outlier Ventures, the total year over year growth of venture capital investments in the cryptocurrency industry surged a whopping 316% to $ 2.85 billion through […]
SludgeFeed
Gorgona.io- The New Odyssey in Crypto Investments
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The post Gorgona.io- The New Odyssey in Crypto Investments appeared first on CCN
Lisk (LSK) Remains One of The Most Promising Crypto Investments
In a space full of worthless altcoins, Lisk (LSK) continues to remain one of the most promising crypto investments. Correction hit it hard, as the cryptocurrency almost came close to $ 1 from its all time high near $ 50. Very few altcoins with promising fundamentals can yield similar returns as Lisk (LSK). Even if it rises back to $ 50 from here, that is a 16x return! Given the future potential of Lisk (LSK) it is very unlikely that it will stop at $ 50.
Continue reading Lisk (LSK) Remains One of The Most Promising Crypto Investments at Crypto Daily™.
Fidelity Investments Plans to Release Crypto Products Within the Year
Financial services giant Fidelity Investments recently detailed plans to pursue blockchain and cryptocurrency-related services, with a goal to release a product as soon as this year. During an event at the company’s Boston headquarters last Friday, Fidelity CEO Abigail Johnson specified, “We’ve got a few things underway, a few things that are partially done but […]
SludgeFeed