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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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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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The past few days and weeks have seen Ethereum’s decentralized finance ecosystem erupt higher.As Camila Russo, a former Bloomberg journalist turned Ethereum publicist, accentuated this when she noted on June 19th that the past week has seen the value of tokens locked in DeFi applications surge by 40% to $1.4
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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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Ethereum continues to struggle with resistance at $250 that has held back the asset for much of the last two years of bear market.However, a crypto-focused investment fund manager is expecting that the asset’s best use case, decentralized finance, could help propel Etheruem to a $1 trillion market cap. This
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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
Read MoreThe 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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Reading Time: 2 minutes by Ash T on June 13, 2020 Bitcoin 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
Read MoreAlternative 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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Three Arrows Capital Ltd has bought a 6.26% stake of the $3.5 billion Grayscale Investment’s Bitcoin Trust.According to a filing with the U.S. Securities and Exchange Commission (SEC), the Singapore-based crypto hedge fund snapped up the equivalent of 21 million shares of the Trust’s outstanding issued capital.The shares are
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