Bitmain Leads $3 Billion Crypto Exchange Circle’s $110 Million Series E Round

Goldman Sachs-backed cryptocurrency exchange Circle now has a new investor to its name, the Chinese crypto mining giant Bitmain. A new investment round led by Bitmain values the exchange at $3 Billion and also includes other notable names like Accel and Blockchain Capital. Along with the new funding round, Circle also announced their plans for

The post Bitmain Leads $3 Billion Crypto Exchange Circle’s $110 Million Series E Round appeared first on CCN

Nomura Unveils Institutional-Grade Cryptoasset Custody Service

A global venture called Komainu has been created to provide a secure digital asset custody solution for institutional investors. Partners in the venture include Nomura, a global financial services group, Ledger, a digital asset security solutions provider, and Global Advisor Holdings, an international investment house. Japanese Holding Company Nomura Unveils Institutional-Grade Cryptoasset Custody Service The

The post Nomura Unveils Institutional-Grade Cryptoasset Custody Service appeared first on CCN

Ripple Launches Venture Capital Fund ‘Xpring’ to Bootstrap XRP Adoption

San Francisco-based Ripple, the creators of XRP cryptocurrency has announced a new project called “Xpring” (pronounced “spring”) to provide financial backing to companies that develop products and services for XRP, the third-largest cryptocurrency with a market cap of more than $29 billion today. Currently, Ripple is being tested out, or used by multiple banks and

The post Ripple Launches Venture Capital Fund ‘Xpring’ to Bootstrap XRP Adoption appeared first on CCN

Chinese Crypto Giant Huobi Launches Billion-Dollar Blockchain Fund

Huobi Labs, a blockchain incubator that is part of the Huobi exchange, has signed an agreement with Tianya Community to build a “Global Cultural and Creative Blockchain Lab” in Hainan Province, China, alongside the launch of a billion-dollar industry fund that aims to back the blockchain industry globally. Under the background of the “new era

The post Chinese Crypto Giant Huobi Launches Billion-Dollar Blockchain Fund appeared first on CCN

Andreessen Horowitz Plots a Dedicated Cryptocurrency Investment Fund: Report

Andreessen Horowitz, founded in 2009 by Marc Andreessen and Ben Horowitz,  one of the leading venture capital firms active in the cryptocurrency space, plans to launch a separate fund for exchanging crypto assets. The new fund could signal what some see as the next wave of innovation: direct investor involvement in cryptocurrencies, according to Recode. In

The post Andreessen Horowitz Plots a Dedicated Cryptocurrency Investment Fund: Report appeared first on CCN

Canadian Crypto Exchange Coinsquare Launches TV Ad Campaign Ahead of September IPO

Canadian cryptocurrency exchange Coinsquare has unveiled its first television commercial as it seeks to build out its customer base before going public later this year. The exchange — often described as “Canada’s Coinbase” — on Monday released an advertisement that will begin running on television later this week. The ad, which describes Coinsquare as “Canada’s

The post Canadian Crypto Exchange Coinsquare Launches TV Ad Campaign Ahead of September IPO appeared first on CCN

Coinbase Turns Early Seed Investor with New Venture Capital Fund

Coinbase, the first cryptocurrency “unicorn,” is launching a venture capital fund to incubate early-stage startups in the burgeoning industry. The San Francisco-based cryptocurrency exchange and brokerage firm made the announcement on Thursday, stressing that the fund — dubbed Coinbase Ventures — will invest solely in companies, not cryptoassets. “We’re going to invest off our balance

The post Coinbase Turns Early Seed Investor with New Venture Capital Fund appeared first on CCN

Cryptocurrency Hedge Funds Lose Their Luster in the Bear Market

The prolonged cryptocurrency market downturn is beginning to manifest in the once white-hot cryptocurrency hedge fund industry. It seems like only yesterday that these funds — targeted at accredited and institutional investors and devoted exclusively to cryptoassets — were the taking the investment world by storm. Mesmerized by stories of 25,000 percent single year-returns, traders

The post Cryptocurrency Hedge Funds Lose Their Luster in the Bear Market appeared first on CCN