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A Crypto Startup in India Raises $650k to Bring “Chit Fund” on Blockchain

Crypto startup ChitMonks has raised $650k in a pre-series A round with the help of early-stage investors Unicorn India Ventures (UIV).The firm aims to revolutionize proceedings by bringing 21st-century blockchain technology to the old-fashion chit-fund market.“At ChitMonks, we are building India’s largest blockchain network for Savings and Borrowings. We synergize

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New York-Based Asset Manager Closes $190M Round for Bitcoin Institutional Fund

New York Digital Investments Group (NYDIG) raised $190 million from 24 investors for another bitcoin fund. DisclosureThe leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency

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London Chelsea Limited Partners With Solidblock To Digitally Raise Financing For London Digital Bond — A Single-family Property Fund Will Be Financed Through Blockchain-based Securities For The First Time Globally

For the first time in history,  a single-family property fund will be financed through blockchain-based securities. UK investment company London Chelsea Limited

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UNICEF Cryptocurrency Fund Makes Its Largest-Ever Investment

Today eight technology companies from seven different emergent economies will receive an investment of Ethereum cryptocurrency from the UNICEF Cryptocurrency Fund.UNICEF’s crypto-enabled investment vehicle has given these companies 125 ETH, worth approximately $28,600, to use in scaling or prototyping their respective technologies over the next six months. Companies receiving this

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Buying Bitcoin at $8k or $9k Won’t Matter in 2 Years: Fund Manager Explains

The past few weeks have seen Bitcoin stall in the $9,000s as bulls have failed to maintain the pressure they applied starting after March’s crash.With the indecision in the cryptocurrency market and global markets more broadly, investors have been deliberating purchasing BTC in the $9,000s or waiting for a retracement

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Wilshire Differentiates its Fund From Grayscale, Says “Investors Deserve More”

The founder of investment firm Wilshire Phoenix, William Herrmann, said his firm’s recently filed U.S. Bitcoin fund notably differs from anything else currently on the U.S. market, based on its Bitcoin price sourcing and involved third parties. In an email exchange with Cryptox, Herrmann didn't mention Grayscale's Bitcoin Trust by

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U.S.: Wilshere Phoenix Files For Tradeable Bitcoin Fund

Reading Time: 2 minutes by Ash T on June 13, 2020&nbspBitcoin Leading alternative investment banking, deal structuring, and securities firm Wilshire Phoenix on June 12, filed with the U.S. Securities and Exchange Commission (SEC) for a tradeable Bitcoin (BTC) fund. Meeting the Demand for Bitcoin Funds Wilshire Phoenix recently filed an S-1 registration statement with

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Wilshire Phoenix Files With SEC for Publicly Traded Bitcoin-Backed Fund

Alternative investment firm Wilshire Phoenix has filed an S-1 registration statement with the U.S. Securities and Exchange Commission, or SEC, for a publicly traded Bitcoin Fund in line with regulation. The registration reads:"The Shares will provide investors with exposure to bitcoin in a manner that is accessible and cost-efficient without

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