Billionaire investor George Soros’ family office, Soros Fund Management, owns “some” bitcoins, says CEO and CIO Dawn Fitzpatrick.
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“We are heavily moving into DeFi.” Pantera Capital, the longest operating US-based bitcoin investment firm, now manages $5 billion worth of assets. But when it comes to decentralized finance, Pantera’s Franklin Bi still sees the space as undervalued. “As long as we’re still looking at the fundamentals and drawing out what the multiples are […]
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Indian crypto exchange CoinSwitch Kuber raises $260 million in Series C funding from a16z and others
Indian crypto exchange CoinSwitch Kuber has raised $260 million in a Series C funding round. It is now a unicorn valued at $1.9 billion.
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How crypto is wrapped up in current delays on infrastructure, the budget, and the looming debt ceiling.
The post Two massive bills are in Congressional limbo. Here’s what that means for crypto appeared first on The Block.
Venezuela is revamping its currency with fewer zeroes as it continues to see rampant inflation. Meanwhile, stablecoin interest remains high.
The post Venezuela just revamped its currency, but it won’t stop people seeking digital alternatives appeared first on The Block.
Quick Take
- During Q3, the industry received nearly $8 billion in private investment across 423 total deals
- In aggregate, venture capital firms have injected roughly $17.8 billion into crypto firms from the beginning of the year through the end of Q3, which equates to more capital than the previous six years combined
- A significant trend in Q3 was that the valuations of mid-sized companies conducting a Series B round in the crypto sector increased substantially
- The NFTs/Gaming vertical surpassed DeFi during Q3 to be the most popular deal type amongst investors
- Twelve of the fifteenth largest deals to ever happen in the industry, or 80%, have occurred this year.
U.S. Bank is now offering crypto custody services to its institutional clientele in the U.S. or Cayman Islands.
The post U.S. Bank partners with NYDIG to offer bitcoin custody services appeared first on The Block.
Through the acquisition, Chainalysis plans to further reduce cybercrime and promote “greater financial freedom with less risk,” said the CEO.
The post Crypto analytics startup Chainalysis acquires cybercrime forensics firm Excygent appeared first on The Block.
The new venture fund will be the firm’s third fund.
The post Arca closes $30 million venture fund as it crosses $500 million in AuM appeared first on The Block.
The new bill looks to make a safe harbor for digital tokens à la Hester Peirce’s proposal into law.
The post Leading Republican on House Financial Services Committee introduces bill to establish a safe harbor for digital tokens appeared first on The Block.
