News list for " investment firm"
On February 20, according to Businesswire, digital asset investment firm Canary Capital announced the launch of Canary AXL Trust, providing AXL investment channels for institutional and accredited investors. At this stage, it is only for accredited investors seeking to directly invest in AXL. AXL currently provides support for decentralized security through a scalable blockchain interoperability network.
Nic Carter, a partner at venture capital firm Castle Island Ventures, said the Meme era is "undoubtedly over" following the $4 billion LIBRA scandal involving Argentine President Milei. Carter pointed out that multiple recent meme coin offerings, including LIBRA, as well as meme coin projects launched by celebrities such as former US President Donald Trump, have proven to be a series of "unfair and rigged offerings."
Digital asset investment firm CoinShares announced its 2024 Q4 earnings report, which revealed that the previous quarter was the company's strongest quarter ever, including: 1. Physical pledged Ethereum ETP inflows amounted to 75 million USD; 2. Physical XRP ETP attracts $31 million in new investment; 3. Physical Bitcoin ETP has become the largest ETP in the European market. 4. The overall inflow of cryptocurrency spot, futures and stock ETPs in the US market reached $16 billion.
Bitcoin investment firm Strategy (formerly MicroStrategy) recorded a net loss in fiscal year 2024 due to impairment losses on $1.79 billion digital assets, according to its 10-K annual report filed on Feb. 18. The company warned that a significant decline in the market value of Bitcoin could prevent it from returning to profitability in the future and could affect its ability to meet its financial obligations. In addition, with the company adopting FASB's new fair value accounting rules effectiv...
According to Cointelegraph, the investment firm of billionaire Paul Tudor Jones disclosed in the latest SEC filing that it holds $426.90 million worth of BlackRock's spot bitcoin ETF (IBIT), doubling its previously reported holdings.
Cryptocurrency investment firm Grayscale, which on Monday filed to list its Cardano (ADA) exchange-traded fund on the New York Stock Exchange, broke through U.S. regulators' blockade of a bitcoin ETF last year, having never launched a standalone ADA investment vehicle before, despite previous moves. But Trump's 2.0 shift from regulating the cryptocurrency industry to seemingly embracing it has emboldened issuers to think about what they can pass. In recent weeks, Graysc...
Apollo, a global investment firm with over $730 billion in assets under management, has launched a tokenized private credit fund and partnered with Securitize, Solana and Ink blockchains. The fund will provide investors with on-chain corporate direct loans, asset-backed financing and structured credit, and access to the multi-chain ecosystem through the Apollo Diversified Credit Securitize Fund (ACRED). In the future, it will also support Ethereum, Aptos, Avalanche and Polygon.
On January 26th, Mario Nawfal, founder and CEO of Dubai venture capital firm IBC Group, said in a social media post that in order to support the eponymous meme coin MARIOCTO, he has bought 50,000 dollars, and when the coin reaches the market value of 500 million dollars, it will be airdropped to 100 active community members on X. Previously, Mario Nawfal announced that it had destroyed the MARIO tokens airdropped into its wallet, worth $7 million at the time of destruction. As of press time, acc...
Jake Chervinsky, chief legal officer at Variant Fund, a cryptocurrency venture capital firm, said in a social media post: "Today marks the beginning of a major shift in U.S. crypto policy. The goal is to achieve good regulation and a hundred flowers. The approach for the past four years has been to destroy entire meadows. The risk now is that a thousand scams will emerge: weeds kill flowers."
On January 15th, OpenAI announced the appointment of investment firm BlackRock executive Adebayo "Bayo" Ogunlesi to the board of directors. Ogunlesi is currently a senior management director of BlackRock and CEO of Global Infrastructure Partners, and has extensive experience in managing global organizations. He has held several senior positions at Credit Suisse and served as a legal assistant to U.S. Supreme Court Justice Thurgood Marshall. His addition will strengthen the OpenAI board's capabil...
According to CoinDesk, early-stage venture capital firm Sigma Capital has launched a $100 million fund focused on Web3 startups. According to an announcement via email on Tuesday, the Dubai-based firm is trying to capitalize on the reputation of the United Arab Emirates (UAE) as a cryptocurrency hub. The fund will focus on decentralized finance (DeFi), tokenization, and blockchain infrastructure by managing a portfolio of liquid tokens.
Capital Group, a Los Angeles-based investment firm with more than $2.30 trillion under management, has become one of Metaplanet's largest shareholders. Metaplanet, headquartered in Japan, attracted attention last year for building bitcoin (BTC) reserves by imitating Michael Saylor's MicroStrategy strategy. Metaplanet currently holds 1,762 bitcoins, making it the 15th largest listed company in the world to hold bitcoin.
Canadian investment firm Spirit Blockchain Capital said in a statement Thursday that it intends to leverage its Dogecoin holdings with a new revenue generation strategy. The publicly traded company says the move will enable it to deliver value to shareholders, in addition to expanding its financial efficiency and increasing the adoption of decentralized financial products.
Blockchain venture capital firm Verda Ventures has announced a $40 million MiniPay fund in partnership with web browser company Opera to support blockchain startups in emerging markets, with investors including Jump Crypto, Borderless Group and Richard Parsons. Startups benefiting from the MiniPay fund will have access to Opera's MiniPay wallet framework and build financial products around it, while also integrating related infrastructure.
A developer report released by venture capital firm Electric Capital found that Solana is the blockchain of choice for new developers. The report found that of the 39,148 new developers who started exploring cryptocurrencies this year, 7,625 were working on Solana, representing an 83 percent year-over-year increase in the number of developers on the network. This is the first time since 2016 that the Solana blockchain ecosystem has grown faster than Ethereum, the report said. However, in terms o...
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