Strong Demand: Crypto Hedge Funds are Still Raising $100 Million+ Throughout 2018, the cryptocurrency market has lost 75 percent of its valuation. Yet, crypto hedge funds are raising hundreds of millions of dollars from accredited investors and institutions. On November 1, CCN reported that Grayscale Investments, a subsidiary company of cryptocurrency venture capital behemoth Digital Currency Group, raised more than …
On October 30, Bank of America (BofA) added yet another cryptocurrency-related patent to its collection of more than 50 applications filed within the same field. The second-largest bank in the US has been leading in the informal blockchain patent race, sidestepping such players as IBM and Alibaba. However, that does not mean that BofA is being bullish — the company …
Consumer protection lawyer Jeffrey Berns is the owner and CEO of Blockchains LLC, a company that bought more than 67,000 acres of land in northern Nevada for $170 million earlier this year. On Thursday, he revealed plans to build a crypto city in the desert, claiming to have invested $300 million to make it a reality. Welcome to Sandbox City …
Recent times have seen banks hedging their bets or even fully integrating cryptocurrencies. The acquisition and filing of patents is how large organizations truly express their interest in a given field, and Bank of America continues to lead the way, now having secured its latest patent in the blockchain and crypto space, one for “tamper-responsive” remote storage of private keys. …
IBM has filed a patent for a blockchain-based system which will prevent players of augmented reality games entering physical spaces that are undesirable. They cite as examples “high-risk locations, culturally sensitive locations, locations marked by property owners.” Augmented reality is a technology which adds layers to physical reality. An example is Zombie GO, an AR game which places zombie in …
In the aftermath of September 2017’s historic ban on initial coin offerings (ICOs), and the banishment of domestic crypto trading platforms, a resourceful crypto community was already showing signs of devising multiple means of circumventing the authorities’ increasingly draconian actions. Part two of Cointelegraph’s three-part series continues to investigate the factors that catapulted China’s regulators to redouble their efforts to …
There is a rapidly growing interest in bitcoin and other cryptocurrencies among institutional investors while there seems to be lethargy in the number of retail buyers operating within the space. As such, bitcoin and altcoins now constitute a new institutional investment class since 2017, according to new research from major US bank Morgan Stanley. In the report titled “Bitcoin Decrypted: …
Cryptocurrency asset management firm Grayscale Investments Inc. has reported revenue of nearly $330 million in 2018, according to its third quarter (Q3) investment report released Nov. 1. The company managed to reach this figure despite a prevailing bear market. In the report, Grayscale highlights that it raised $81.1 million over the last three months, which brought the firm’s year-to-date inflows …
The CEO of investment management corporation BlackRock, Larry Fink, does not see the company offering a cryptocurrency Exchange-Traded Fund (ETF) until the industry is “legitimate,” CNBC reported Nov. 1. BlackRock is a financial planning and investment management firm that currently has $6.28 trillion in assets under management, including equity, real estate, fixed income, and cash management. Speaking at the New …
Fundstrat Global Advisors’ Bitcoin (BTC) analyst Tom Lee said that he is “pleasantly surprised” by the recent stability of BTC in an interview on CNBC’s Squawk Box Oct. 29. Lee expressed surprise at Bitcoin’s recent behavior given a recent 9 percent slump in equity markets. Lee said he expected that “Bitcoin volatility should be much higher” based on “how small …
