Category: Investments

BlockTower’s CIO Predicts Hyperinflation Could Send Bitcoin Parabolic

Ari Paul, CIO at BlockTower Capital crypto hedge fund, believes Bitcoin’s next parabolic move will soon be triggered by hyperinflation caused by central banks’ monetary policies.

August 3, 2020
Crypto Twitter is trying to figure out why Ethereum is up 50% in 10 days

As most readers are likely aware, Ethereum and Bitcoin faced a flash crash on the evening of Aug. 1. In the span of just about five minutes, BTC plunged $1,650 from $12,200 while Ethereum crashed by approximately $90 from its two-year highs at $415. It was a move that liquidated dozens of millions, even hundreds…

August 2, 2020
A General Strategy on How to Select a Crypto Fund, Part 1

A basic framework of useful metrics to assess the true risk of a crypto fund as a quantitative screening tool.

August 2, 2020
China: Congressman calls for a blockchain fund to tap “new economic potential” and bolster employment

China’s leaving no stones unturned in its apparent motive to become a global blockchain leader. This past weekend, an official of the China National People’s Congress suggested the parliament to increase state-budgeted funds towards blockchain development and digital currencies, terming it a “new economic potential.” The move comes days after Korea mulled a $400 million…

May 26, 2020
“Concerned” by Chinese influence, ICON founder reveals South Korea is mulling a $400 million blockchain fund

South Korea’s fascination with blockchain and cryptocurrency seemingly grows stronger each day. The country is among the few global powers to have embraced and made regulations for the controlled rise and introduction of digital currencies. Now, there might be greater plans in the mix, if a recent development, buoyed by Chinese progress in blockchain systems,…

May 15, 2020
Paul Tudor Jones calls Bitcoin the “fastest horse” as he reveals holding BTC futures to hedge against massive inflation

Multibillion-dollar fund manager Paul Tudor Jones II revealed this week his firm is holding Bitcoin to protect against inflation in the future. He noted central banks around the world have endlessly printed money, and the accelerated need for digitized currencies creates a unique case for Bitcoin. Bitcoin is a hedge like gold Jones believes the…

May 8, 2020
Bitcoin ATM operator Coinme raises $10 million Series A, led by Pantera Capital

Despite the global lockdown and reduced business activities, the cryptocurrency investment space continues to see larger deals. Today, Seattle-based Bitcoin exchange and ATM operator Coinme announced a $10 million Series A raise lead by Pantera Capital, as per a press release shared with CryptoSlate. 3,500 locations and counting The $10 million fundraise was led by…

May 7, 2020
Ethereum 2.0 competitor raises $21 million from a top-tier crypto venture capitalist

NEAR Protocol, which touts itself as an Ethereum 2.0 competitor, has raised over $21 million from Andressen Horrowitz (a16z), just days after the latter announced a $515 million fund for expanding its cryptocurrency investments division. A16z moves fast in the blockchain space As per an official announcement on May 4, NEAR Protocol closed the $21…

May 5, 2020
A new venture studio is aiming to foster the development of the Algorand ecosystem

Eterna and Borderless Capital are joining forces to launch a new initiative that is intended to support developers and entrepreneurs who want to build their decentralized applications on top of the Algorand protocol. Dubbed Eterna Borderless Venture Studio, it is set to provide a range of tools and resources to those interested in creating or…

April 16, 2020
Atomic Loans raises $2.45m to build a decentralized finance marketplace for Bitcoin

Atomic Loans has been given a boost to develop a decentralized lending protocol for Bitcoin. Non-custodial Bitcoin-backed loans are coming soon Atomic Loans, a startup focused on developing peer-to-peer Bitcoin-backed loans, announced that it has raised $2.45 million in seed round funding led by Initialized Capital. The funds will be used to continue research and…

April 14, 2020