New $50m Venture Fund Aims to Bridge East-West DeFi Investment Divide
Spartan Group's new fund has raised over $30 million in its first round, with a further $20 million expected to be raised in March or April. Source
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Nic Carter’s Castle Island Ventures Closes $50M Investment Fund
Castle Island Ventures, the early-stage crypto fund helmed by Nic Carter and Matt Walsh, has raised $50 million for its second fund.“We believe that public blockchains are a transformative technology and will change the way that we interact with money, value transfer, trusted third parties and even the fundamental architecture
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Bill Miller-Run $2.25B Fund May Buy GBTC to Gain Bitcoin Exposure of Up to 15%
Miller Value Funds – run by veteran hedge fund manager and bitcoin bull Bill Miller – may invest in the Grayscale Bitcoin Trust through its flagship fund, the Miller Opportunity Trust. “The Fund may seek investment exposure to bitcoin indirectly by investing in the Grayscale Bitcoin Trust, an entity that holds
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$72M Crypto Fund Backed by Paul Tudor Jones and LL Cool J Comes Out of Stealth
LL Cool J is now investing in crypto startups.The rapper and entrepreneur is part of a glitzy roster of limited partners backing North Island Ventures’ newly revealed $72 million VC fund.Helmed by Glenn Hutchins, co-founder of $39 billion private equity firm Silver Lake Partners, backers include big names like hedge
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Australian pleads guilty to $90 million crypto fund scam in the U.S.
An Australian citizen has pleaded guilty to cheating investors out of over $90 million by squandering money they invested in his New York-based cryptocurrency funds.Twenty four-year-old Stefan He Qin entered the plea to a single count of a securities fraud charge in a Manhattan federal court on Thursday, Feb. 4.According
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Blockchain Bites: The Rise of the Bitcoin Investment Fund
Three stories1. Qualified investors are plowing money into cryptocurrency-focused investment funds. Yesterday, macro trader Dan Tapiero, most known for his DTAP Capital fund and eye for gold, announced a new $200 million fund called 10T Holdings that will make bids on crypto startups.CrossTower, a Bermuda-based capital markets firm, is launching
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$10M Fund From Cosmos-Based Terra Will Gladly Back DeFi Projects on Ethereum
The creators of the Tendermint-based Terra suite of stablecoins are opening a fund to foster its tokens’ usage anywhere people are doing decentralized finance (DeFi) – and that primarily means Ethereum.Announced Thursday, Terraform Labs has launched a $10 million fund, Terraform Capital, to drive integrations of either its dollar-pegged stablecoin,
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Dan Tapiero Launches $200M Fund to Invest in Crypto Companies
Tapiero is joined by Michael Dubilier and Stan Miroshnik. Source
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CrossTower Launches Bitcoin Fund to Compete With Grayscale’s GBTC
Crypto capital markets firm CrossTower is launching a hedge fund at the end of the month in a bid to compete with Grayscale’s Bitcoin Trust (GBTC) and other bitcoin funds for accredited investors.Similar to how Tesla’s boom created a larger demand for electric-vehicle stocks, the success of GBTC with $20
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Bitwise Files for Approval to Publicly Trade Its Bitcoin Fund
Bitwise Asset Management, a provider of cryptocurrency index funds, is seeking regulatory approval that would enable it to publicly trade shares of its bitcoin fund on an over-the-counter (OTC) marketplace.According to a press release issued Tuesday, the company has filed a 211 form with the U.S.’s Financial Industry Regulatory Authority
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