Cryptocurrency Analysis and News Portal
Coinbase continues to ramp up its support for decentralized finance (DeFi) applications, announcing a fresh $1.1 million investment via its USDC Bootstrap Fund for two projects in the field.The USDC Bootstrap Fund — launched by Coinbase and Circle as part of the Centre Consortium in early fall 2019 —
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A Taiwanese venture studio just became the new lead investor for a Hong Kong-based crypto custodian following a multimillion dollar investment this week.Nogle announced yesterday they had given $3 million to First Digital Trust (FDT), the digital asset arm of Legacy Trust. The investment is intended for the financial
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Alameda Research, the owner of the Binance-backed derivatives exchange FTX, has invested more than $1 million into crypto quant trading firm Folkvang – which is one of Alameda's competitors. Alameda confirmed Monday it had made a seven-figure investment into Folkvang, a new quant trading and liquidity provider based in Hong
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Fidelity International has acquired a stake in BC Group, the operator of OSL, one of Asia’s largest digital asset platforms for institutions. The company purchased 17 million shares for a 5.6% ownership position.The purchase was revealed by a Hong Kong Stock Exchange (HKEx) disclosure filed on Feb. 17. The
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Fidelity International, a spin-off from the U.S. financial services giant Fidelity Investments, has invested $14 million in the Hong Kong-based operator of crypto exchange OSL.According to public disclosures on Feb. 21, Fidelity International bought 17 million shares of OSL owner BC Group at a price of HK$6.50 (US$0.83) per share,
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As initial coin offerings and their derivatives continue to fade, venture investment in the space has steadily picked up pace. CryptoX sat down with Michael Anderson, co-founder of Framework Ventures, to learn more about his investment philosophy and outlook on the ecosystem.Anderson’s most notable investments are Chainlink (LINK) and
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Banking giant Wells Fargo is backing blockchain forensics firm Elliptic.Announced Thursday, the fresh $5 million from Wells Fargo Strategic Capital (WFSC) brings Elliptic’s Series B up to a total of $28 million. The investment is partly geared toward a recently launched product that helps crypto exchanges win banking relationships, Elliptic
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Japanese financial services firm Tokai Tokyo Financial Holdings will invest about 500 million yen (nearly $4.6 million) in the Japanese branch of cryptocurrency exchange Huobi.According to a press release on Dec. 26, the investment is part of a broader collaboration with Huobi Japan, wherein Tokai will acquire shares in
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Crypto exchange colossus Binance has invested an undisclosed amount of money in derivatives platform FTX as part of a strategic partnership between the two firms.As part of the deal announced Thursday, Binance has purchased equity in the derivatives firm and purchased long positions in the FTX Token, FTT, the platform’s
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Notably, Shyft has not announced virtual asset service providers like Binance and Bitfinex – the actual target of the FATF travel rule – as partners at the time of publication. Joseph Weinberg, Co-founder of Shyft, hinted in an email statement that exchanges are indeed assisting in the product set to
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