Abra (a mobile cryptocurrency wallet) has announced that it has enabled to user in 150 countries to make fractional investments in stocks and exchange-traded funds (ETFs) using bitcoin. Bill Barhydt, CEO and founder of Abra said, “…investing regular amounts over long periods of time in traditional equities markets has proven to be an effective investment strategy, and now we’ve made that really easy and accessible to billions of people,
Block Adventure will be bringing outs its inaugural ‘Fintech Disruption’ event in Whitechapel, London on coming 31st May. The event is expected to attract a range of investors, blockchain startups and leading experts in venture capital arena. There will be a panel discussion focusing on crypto banking, financing early-stage blockchain-based businesses, and the evolution of Institutional liquidity providers.
$6 Million of funding has been successfully raised by a company based in Houston, Data Gumbo which uses blockchain technology to automate business transaction. The funding round was co-led by Saudi Aramco Energy Ventures, Equinor Technology Ventures and Equinor. The Chief Executive of Data Gumbo, Andrew Bruce then explained, “Two companies like this getting behind the idea is proof of everything we’ve been trying to do.”
A major hiring company based in Japan, Recruit has recently invested in a blockchain start-up named COTI. Recruit then explained, “Instead of acquiring shares in return for our investment, we raise funds for startup companies via the use of tokens, and through this investment, promote both the development of blockchain technology as well as public awareness of it.”
Barclays (a London Headquartered investment bank) is leading Series A funding round of the Crowdz (a blockchain based invoice exchange from Silicon valley) with $5.5 million. The CEO of Crowdz, Payson Johnston said, “Today, small and midsize businesses often have to wait for a financially crushing 90 to 120 days or more to get paid. It’s no wonder that more than half of them suffer cash-flow problems during any given year.”
Grayscale (a major crypto venture capital firm Digital Currency Group based in US), which offers investment products include the publicly quoted Grayscale Bitcoin Trust, Grayscale Ethereum Classic Trust, and a diversified product called the Grayscale Digital Large Cap Fund. American digital asset manager Grayscale Investments reported a 42% growth in its product inflows, with majority of investments in Q1 2019 were in its Bitcoin Investment Trust (BIT).
FantasyCryptos combines both the excitement and engagement by having the potential of winning a payout that is much greater than your entry fee. Currently, they are launching services exclusively to residents of the United States of America, with the exception of some region. Playing on FantasyCryptos is the ultimate virtual experience for crypto investing. They are launching with freeroll tournaments (giveaways) and real money tournaments with small field size.
Dash Ventures, known as Dash Investment Foundation, will soon be fully operational. The Dash Core Group is due to launch a new decentralized investment scheme. Decentralized voting system is used to allocate investments of Dash Investment Foundations. It will be the first cryptocurrency network with a proposal system capable of investing in its own ecosystem.
Seed Equity Capital (an investment company) has announced that it has rebranded itself as CoinZoom Securities. Todd Crosland, CEO of CoinZoom commented, “The new name CoinZoom Securities allows us to emphasize our wide-ranging business objective around changing the way that capital is being raised, with the goal of increasing access, lowering costs and improving regulatory compliance particularly with the issuance of digital securities,”
A poll conducted by the Russian Center has recently shared the investment percentage of cryptocurrency activity among the Russian. According to the poll conducted, 65% of the Russian has ever heard about cryptocurrency with a mindset that it is a bad investment. The poll has also revealed that only 2% of the Russian citizen have bought Bitcoin.