Tags : investment

Bitcoin

Bitcoin Investment Firm NYDIG Raises Additional $100 Million

Crypto investment provider NYDIG raised an additional $100 million in growth capital earlier this week. The new funding round featured MassMutual, Stone Ridge Holdings, New York Life, and Liberty Mutual Insurance, among others as strategic partners. This follows the investment firm’s $200 million cash injection back in early March.  In the previous funding round, Robert […]Read More

Bitcoin

Investment firms already absorbed 4.3% of Bitcoin supply: Arcane Research

Investment firms already have over 800,000 Bitcoins (BTC)—or 4.3% of the crypto’s current supply—under their management (AUM), Vetle Lunde, an analyst at crypto data firm Arcane Research, revealed on Twitter today. “Exchange-traded bitcoin investment vehicles now have more than 800,000 BTC under management, equaling 4.3% of the circulating bitcoin supply,” said Lunde. Exchange-traded bitcoin investment […]Read More

Bitcoin

Silicon Valley VCs and BNY Mellon announce $170 million investment

The Bank of New York Mellon, known as BNY Mellon, is one of several investment firms investing in Fireblocks, a startup platform for digital asset custody. Fireblocks will raise  $170 million in its Series C venture capital investment, according to Forbes. BNY Mellon plans to use Fireblocks’ technology for its custodian services, in an attempt […]Read More

Bitcoin

Report: Morgan Stanley’s $150 billion arm contemplates Bitcoin investment

Counterpoint Global, a $150 billion unit of multinational investment bank Morgan Stanley, is considering investing in Bitcoin (BTC), knowledgeable sources told Bloomberg today. Morgan Stanley may bet on Bitcoin in $150 billion investment arm, Bloomberg is reporting. In January, Morgan Stanley boosted stake in MicroStrategy to 10.9%. This is all happening faster than I ever […]Read More

Bitcoin

Tesla’s Investment Puts Bitcoin Market Cap En Route to $1tn

When PlanB released its widely-circulated bullish paper, titled “Modeling Bitcoin Value with Scarcity,” in 2019, he raised many eyebrows for predicting a $1 trillion market valuation for the world’s first truly decentralized cryptocurrency. In retrospect, PlanB noted that certain precious metals, such as gold, have historically maintained a monetary role because of their costliness and […]Read More

Blockchain

Big Guns Back $10M Investment in DeFi’s dYdX

Trading venue dYdX has raised $10 million in a Series B funding round led by Three Arrows Capital and DeFiance Capital. The platform, launched in 2017, offers a spread of decentralized trading products including both bitcoin and ether derivatives. The San Francisco-based startup plans to use the funds to increase its product offering, further decentralize […]Read More

Bitcoin

Six Investment Strategies to Make Bitcoin Less Stressful

Yes, we’re in a bull run but investing in crypto isn’t always easy — it can be damn right stressful. Even if things are going well, you can become obsessed (does checking your bitcoin balance every half an hour sound familiar?)  But there are a few ways to take the emotion out of investing. Not least […]Read More