Old Meets Young: Pension Funds and Crypto Investment

news Noelle Acheson is a veteran of company analysis and member of CoinDesk’s product team. The following article originally appeared in Institutional Crypto by CoinDesk, a newsletter for the institutional market, with news and views on crypto infrastructure delivered every Tuesday. Sign up here. _______ To the fanfare of vindication, the news dropped last week that two public…

Two Investment Firms Launch ETF Tracking Cloud Computing and Blockchain Companies

United States-based Investment management firm AdvisorShares and investments advisory company Sabretooth Advisors will jointly launch an exchange-traded fund (ETF) that tracks tech companies, including those involved with blockchain and cloud computing, MarketWatch reported on Feb. 6.ETFs are marketable securities that track a basket of assets proportionately represented in the fund’s shares. ETFs are offered on…

Crypto Firm Accused of Fraud, Duping Investor Into Buying $2 Million in Tokens

A lawsuit recently filed in a United States district court in New York claims that an investor was misled into investing $2 million dollars in the cryptocurrency MCash, a Feb. 1 court filing states.The filing alleges that the plaintiff Lijun Sun transferred $2 million to New-York based investment group Blue Ocean Capital Group, Inc. to…

$20 Million Funding Round in Blockchain Firm Symbiont Includes Citigroup and Nasdaq

Citigroup and Nasdaq are among a group of firms investing $20 million dollars in Symbiont.io Inc, Bloomberg reports on Jan. 23. Other investors reportedly include Mike Novogratz’s crypto-focused merchant bank, Galaxy Digital Holdings.Symbiont’s blockchain and smart contract platform, Assembly, will be applied in capital markets. The offering purportedly allows financial institutions to share and verify…

Grayscale Assures Investors: Ethereum Classic Trust Funds Not at ‘Direct Risk’

feature In the wake of a 51 percent attack on ethereum classic (ETC), the manager of an investment vehicle that holds the cryptocurrency has been fielding inquiries from investors looking to understand if the underlying assets in the fund are safe, CoinDesk has learned. On Monday, the day after the reorganization of transactions on the…

Crypto Investment Platform Secures Seed Funding from Peter Thiel, Digital Currency Group

Venture capitalist and PayPal co-founder Peter Thiel has invested in cryptocurrency investment platform Layer1, according to a press release published Dec. 19.San Francisco-based Layer1 has concluded a $2.1 million seed funding round backed by such industry players as Thiel, crypto-focused venture capital company Digital Currency Group, and American investor and Protégé Partners founder Jeffrey Tarrant,…

Report: Traditional Investors Shift to Over-The-Counter Bitcoin Markets

In its recent analysis published Dec. 17, research firm Diar has found that institutional investors have shifted towards higher liquidity over-the-counter (OTC) physical Bitcoin (BTC) markets.Diar noted growing investment in OTC funds like that offered by major American cryptocurrency exchange Coinbase. According to the report, Coinbase outperformed Grayscale’s Bitcoin Investment Trust (GBTC) on OTC markets…

Major UK Charity Fund Executive Believes Crypto Market Crash Is ‘Just a Bump in the Road’

A major United Kingdom charity fund executive said at the Bloomberg Crypto Summit in London this Friday that the recent crypto market crash is just a “bump in the road,” Bloomberg reports Dec. 7.James Bevan, the chief investment manager at CCLA, told the audience during a panel that he doesn’t see the recent decrease in…

Coinbase Backs Security Token Startup’s $12.7 Million Funding Round

NEWS Security token startup Securitize announced it has raised nearly $13 million in a Series A funding round Monday as part of its mission to digitize traditional securities products on a blockchain. Led by Blockchain Capital, the equity investments were made to help the company bring on “knowledgeable investors” as it prepares for a security…

‘Democratic for All’: New Crypto Exchange Will Be ‘100 Percent Owned By Users’

A hybrid community-owned digital asset exchange is hoping to simplify trades and investments while driving down the cost of transactions.DAREX’s hybrid model enables users to trade utilities and securities – and the revenue generated from these transactions is subsequently shared with token holders. In time, the exchange hopes to become a “truly beneficial and democratic…