crypto fund

239 Crypto Funds Launched During 2018

239 Crypto Funds Launched During 2018

A new report has been revealed by the cryptocurrency fund research which shows that 239 cryptocurrency funds have been launched during the year 2018, however, the report also shows that the number of fund closure was also increasing. Its CEO, Josh Gnaizda explained, “Nearly half of all crypto funds launched this year were launched in Q1 2018 when euphoria over prices was still peaking.”

Crypto Funds Launch by Israeli Start-up

Crypto Funds Launch by Israeli Start-up

Silver Castle has revealed the launch of two cryptocurrency-centric funds. The CEO of Silver Castle, Eli Mizroch explained, “We spent close to a year building a robust infrastructure for managing other people’s money at the level of institutional grade with very, very high security.” The company also plans to launch the third fund focusing on both ICOs and tokens.

Crimea eyes on a blockchain cluster

Crimea eyes on a blockchain cluster

The Crimean authorities are eyeing on the creation of a blockchain-cluster in the form of cryptocurrency investment fund to be located in the special economic zones in Crimea and Sevastopol. The Permanent Representative of the Republic of Crimea expressed, “We’d started the conversation on blockchain technologies last year and considered the creation of a cluster, a blockchain-cluster.”

Coinbase and Wilshire Phoenix to unveil a crypto fund

Coinbase and Wilshire Phoenix to unveil a crypto fund

The Coinbase has associated with Wilshire Phoenix for a launch of a crypto-focused fund. The General Manager of Coinbase Custody Trust stated, “As a regulated Qualified Custodian and fiduciary, Coinbase Custody will not only offer Wilshire Phoenix clients secure storage for digital assets, but also the ability to perform GAAP-compliant audits whenever the need arises.”

South Korea Cracking Down Unauthorized Crypto Funds

South Korea: Cracking Down Unauthorized Crypto Funds

South Korea’s Financial Services Commission (FSC) published a warning about the unauthorized cryptocurrency funds. Referring to Zeniex, the South Korea regulators highlighted, “the virtual currency fund has never been registered with the Financial Supervisory Service … None of the management company, sales company and the trustee has been approved by the Financial Services Commission.”

Warnings on Crypto Funds Released in South Korea

Warnings on Crypto Funds Released in South Korea

The financial watchdog in South Korea has recently warned the local investors to take precaution when investing in cryptocurrency funds. South Korea’s Financial Services Commission has issued the warnings due to the concerns on investors who believe that cryptocurrency funds are a legal investment while in fact the funds are neither approved nor registered under the Capital Markets Act.

Yale University invests in Paradigm Crypto Fund

Yale University invests in Paradigm Crypto Fund

Yale University, the Ivy League school has invested in a cryptocurrency fund that focuses on digital assets. The Paradigm fund was started by Fred Ehrsam, the co-founder of Coinbase, Matt Huang, the former Sequoia Capital partner, and Charles Noyes, an ex-official of Pantera Capital. Reportedly, the Yale has also invested in Andreessen Horowitz which launched $300 million crypto fund.

Blockchain Investment Company News

Pantera Capital aims to raise $175 million

Pantera Capital, the blockchain investment company, is aiming to raise approximately $175 million in the third crypto fund round. Reportedly, the company has received commitments for $71 million in investments from the ninety investors. Previous filings with the SEC reveal that the company raised $13 million for Venture Fund II and $25 million for ICO Fund.

Crypto Fund

KIK Messenger Creates Crypto Fund for Developers

The developer of KIK Messenger revealed the launch of a cryptocurrency fund for developers to monetize digital economics. The founder of KIK, Ted Livingston said, “The Kin Developer Program offers just that, and it also financially incentivizes developers to create natively with Kin, bringing us closer to our goal of becoming the most used cryptocurrency in the world.”

Bitcoin News

Indian investors invest in B1T Capital

Indian investors have joined the launch of B1T Capital, a crypto fund, in the United States. The managing partner, Utsav Somani stated, “India is the most emerging market geography that projects will need access to at some point in their maturity curve and by partnering with us.” Somani added that they would help establish India’s crypto ecosystem.