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Why should founders consider applying for FAST funding instead of pursuing a more traditional round of fundraising? FAST offers “speed and simplicity and the chance to get NFX on your team,” James Currier, NFX co-founder and general partner, told CryptoX in an interview. Source
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E-sports investment platform Bitkraft VC has established a $75 million token fund for investing in blockchain gaming and digital entertainment.The fund uses a “stage-agnostic” strategy, meaning that it will put money in companies and startups at any business development stage. Apart from equity investment, the token fund will also invest
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Billionaire George Soros’ investment fund has had its eye on bitcoin for a while now. Bitcoinist had reported in July that the fund was looking to start trading bitcoin. It would not be the first time the company was getting into the crypto market but it is the first time
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The price of bitcoin soared past the $55K handle on Wednesday for the first time in four months giving proponents hope the crypto bull run has been re-ignited. Speculators are predicting a bitcoin exchange-traded fund (ETF) will be approved soon and some believe bitcoin will outperform other crypto assets this
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Asset management firm Arca has launched a new fund to invest in crypto startups.“Right now, the fund is really focused on seed and SAFT investments, so early-stage valuations that are sub–$40 million in terms of pre-money valuation,” Arca portfolio manager David Nage told CoinDesk in a phone call.The “Arca Endeavor
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Jean-Pierre Verster, the founder of a South African hedge fund Protea Capital Management, has said he does not believe there is “intrinsic value” in cryptocurrencies. He insists that cryptocurrencies have “elements of a Ponzi scheme” and for that reason, he has not invested in them. A ‘Wonderful Technology’ In remarks made during
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The fund, which has assets under management of $40 million, saw year-to-date returns through the end of August rise 183% (net of fees) vs. bitcoin’s raw gain of 62%. The trailing 12-month returns of the fund through Aug. 31 jumped 537% (net of fees) vs. bitcoin’s 313% rise, according to
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The buzz around the blockchain industry isn’t going down anytime soon as more use cases keep popping up in various sectors. There is a myriad of factors contributing to the push we are currently observing. One of the most significant among them is the increase in industry readiness, both from
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Grayscale Investments, a New-York based crypto asset manager, now includes Solana’s SOL and Uniswap’s UNI tokens in its Grayscale Digital Large Cap Fund (GDLC) portfolio after rebalancing its basket of cryptocurrencies. The quarterly rebalancing of GDLC is done by selling existing components of the portfolio for cash and procuring well-performing crypto
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