Tag: Investment

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Crypto Dilemma in Indonesia, ‘Bitcoin Yield’ In Miami, Disney’s Metaverse + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Crypto Dilemma in Indonesia, ‘Bitcoin Yield’ In Miami, Disney’s Metaverse + More News  Read more »Pay, Trade, Buy Bitcoin with Credit Card

Twitter Launches Twitter Crypto: Here’s How the Company Got There

The social media giant Twitter is launching a “new team focused on crypto, blockchains and other decentralized technologies,” claims the woman who has been picked to lead it. The team will be called Twitter Crypto, and the woman in question is Tess Rinearson, who has previously worked at the payments provider Interstellar and also at…
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The Sandbox raises $93M to expand its NFT metaverse

SoftBank Vision Fund 2 led the $93 million Series B round, marking the fund’s first investment into crypto assets. The metaverse continues to be the next attraction point of crypto for investors, with The Sandbox, an Animoca Brands subsidiary and nonfungible token (NFT) metaverse platform, raising fresh capital in a funding round led by SoftBank…
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Up to 12 Million Iranians Own Cryptocurrency, Traders Choose Local Exchanges

Cryptocurrencies are a popular investment among Iranians and estimates suggest that the number of those who already own one coin or another may be as high as 12 million. The majority of Iranian traders prefer the services of local crypto exchanges, the chief executive of one of them claims. Iranians Said to Transfer $180…
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Web3 Infrastructure Provider Alchemy Raises $250 Million in Funding Round Led by a16z

Alchemy, one of the leading infrastructure providers for blockchain and web3, has raised $250 million in its series C funding round, giving it a valuation of $3.5 billion. The round was led by a16z, which considers we are at a turning point in the web3 space. The company has multiplied its revenue by 15x in…
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Cathie Wood’s ARK snaps up $80M Robinhood shares after crypto led price dip

Ark Investment took the opportunity to buy Robinhood shares at a discount following the trading company’s unsatisfactory earnings report. ARK Invest, the investment management firm focused on innovative tech led by Cathie Wood, took advantage of a dip in the price on Wednesday to buy nearly $80 million worth of Robinhood stock. As per daily…
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Competition drives young traders’ crypto investments, says UK watchdog

Young investors assume the crypto market is regulated, new research by the Financial Conduct Authority reveals. Most young investors in the United Kingdom are entering the crypto market thanks to the hype on social media and news, but they are not aware that the market is not regulated, a new study published by the U.K.…
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Brazilian Asset Manager Kinea Makes Exploratory Investment in Ethereum

One of the biggest asset managers in Brazil, Kinea, disclosed it made an exploratory investment in Ethereum. The announcement was made by Marco Aurélio Freire, manager of funds for Kinea, who stated the company had invested a small amount of its holdings in ethereum starting two months ago. Kinea, the investment arm of Banco Itau,…
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TradingView completes new funding round with $3B valuation

Financial charting provider TradingView secured $298 million in a new funding round led by Tiger Global. TradingView, the price charting platform used as a reference for price movements of cryptocurrencies and other assets, has secured $298 million in funding round to attain a $3 billion valuation. Led by TradingView’s new investor Tiger Global, the funding…
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Crypto and pension funds: Like oil and water, or maybe not?

Pension funds, the most cautious of institutional investors, are now giving the booming crypto and blockchain sector a closer look. There are good reasons why pension funds should not invest in the crypto and blockchain space. The industry is too new, too volatile, and stultifyingly technical. Moreover, the rules and regulations to govern the sector…
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