Category: Investments

Nearly $900 million in VC went to crypto companies in the third quarter of 2020

Nearly $900 million in VC went to crypto companies in the third quarter of 2020

During the third quarter of 2020, $897.7 million in venture funds were allocated across 212 crypto and blockchain startups, according to data compiled The Block Research. Early-stage and seed deals were the most common deal types, according to The Block Research’s John Dantoni. Such deals represented half of the quarter’s total, with 59 deals for […]

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$46 billion hedge fund Millennium Management was on the verge of diving into crypto

$46 billion hedge fund Millennium Management was on the verge of diving into crypto

Quick Take Millennium Management, the $46 billion hedge fund, was looking to make a move into crypto Up until at least September, the firm was actively interviewing potential candidates for team to invest in digital assets  A source says that those plans hit a roadblock and that the company will likely not deploy crypto strategies […]

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The popular arbitrage opportunity involving Grayscale’s Ethereum Trust is drying up

The popular arbitrage opportunity involving Grayscale’s Ethereum Trust is drying up

A long-popular arbitrage opportunity in the crypto market has evaporated since the beginning of the summer, according to data compiled by The Block Research.  The weekly premium at which Grayscale’s Ethereum Trust (ETHE) trades relative to the net-asset-value (NAV) of the product has shrunk from nearly 850% in mid-June to 36% at the beginning of […]

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Grayscale sees more than $1 billion in new investments in Q3

Grayscale sees more than $1 billion in new investments in Q3

Grayscale Investments, the world’s largest digital currency asset manager, says it raised $1.05 billion for investment products during the third quarter of 2020 — the largest inflow of funds from investors a single quarter in Grayscale’s history. On Wednesday the firm released a comprehensive report detailing its latest investment activity. According to the report, the […]

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$10 billion money manager parks $100 million of treasury into bitcoin

$10 billion money manager parks $100 million of treasury into bitcoin

The list of firms purchasing bitcoin on their balance sheet continues to grow. The latest addition is the $10 billion asset manager Stone Ridge Holdings Group, which announced Tuesday that bitcoin would serve as its primary treasury reserve asset.  According to a press release, the firm said that it purchased more than 10,000 bitcoin (worth […]

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Grayscale’s Ethereum Trust joins GBTC as SEC-registered reporting company

Grayscale’s Ethereum Trust joins GBTC as SEC-registered reporting company

Grayscale’s Ethereum Trust is now a registered reporting company with the Securities and Exchange Commission (SEC). The Form 10 filing for the Grayscale Ethereum Trust took effect today, meaning it will now file quarterly and annual reports that include 10-K and 10Q disclosures. Grayscale first filed for the status in August. It’s the second product […]

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Summarizing Q3 2020’s blockchain and crypto venture investments

Summarizing Q3 2020’s blockchain and crypto venture investments

Quick Take $897.7 million across 212 venture deals was allocated to the blockchain/crypto vertical during the third quarter of 2020 Early-stage and seed deals were the most common deal types, representing more than half of the deals  The DeFi segment accounted for roughly 20% of all venture deals for the quarter, with a total of […]

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Arizona regulator issues cease-and-desist letter against crypto investment firm

Arizona regulator issues cease-and-desist letter against crypto investment firm

On Oct. 1, 2020, Abuchi Okoye and his company, Coininvest, received a cease-and-desist letter from the Arizona Corporation Commission that ordered him to stop offering and selling investments in cryptocurrency.  The Commission’s Security Division alleges that Okoye and Coinvest solicited investors to buy cryptocurrency investments through a pirated website and social media account. The company […]

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