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…

ConsenSys Invests in Two Crypto Startups to Lead VCs Into Ethereum Ecosystem

feature Despite recent belt-tightening at Brooklyn-based ethereum venture studio ConsenSys, the company’s investment arm is ramping up outreach to independent startups. ConsensSys Ventures, headed by managing partner Kavita Gupta, announced two new investments on Thursday: $1 million in the Paris-based crypto wallet and trading platform Coinhouse and an undisclosed amount in the encryption-centric browser Tenta.…

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…

Bitcoin Puzzle Artist’s Blockchain Gaming Startup Valued at $13 Million

NEWS One of the bitcoin community’s best-known artists is gearing up to launch a blockchain-powered video game aimed at mainstream audiences. Revealed exclusively to CoinDesk, Marguerite deCourcelle’s startup Blockade Games Inc. raised a $833,000 seed equity round the first week of November from investors including BlockTower Capital Partners and Horizon Digital, to put towards its…

Crypto Mining Tech Firm Bitfury Closes $80 Million Funding Round

Cryptocurrency mining technology firm Bitfury Group has just closed an $80 million funding round led by venture capital firm Korelya Capital. Also participating in the private placement were investors such as Mike Novogratz’s Galaxy Digital, Macquarie Capital, Dentsu Inc., Armat Group and others, according to a Bitfury press release. Advising Bitfury on the funding was investment bank…

Crypto Investing Has Finally Met Its Tinder Match

Crypto needs a killer app and a better sales pitch. “The average consumer just doesn’t care about decentralization,” Jeff Morris, Jr., an under-the-radar venture investor in the crypto space, told CoinDesk in a recent interview. Through the fund he created last year, Chapter One Ventures, Los Angeles-based Morris has quietly gotten in on some of…

Boost VC Just Fulfilled a Crypto Funding Pledge 4 Years in the Making

Boost VC has officially backed crypto startup number 100. With the news, confirmed Tuesday by CoinDesk, the San Mateo incubator has finally fulfilled a funding pledge made all the way back in March 2014, when co-founders Adam Draper and Brayton Williams boldly declared they would invest in 100 bitcoin startups over the next three years. Though…

Goldman Sachs, JPMorgan Invest in Axoni’s $32 Million Funding Round

NEWS Aug 14, 2018 at 13:50 UTC  |  Updated  Aug 14, 2018 at 13:52 UTC Enterprise-focused blockchain startup Axoni has completed a $32 million Series B funding round led by Goldman Sachs and Nyca Partners. Also participating in the round were Andreessen Horowitz, Citi, JP Morgan, Wells Fargo, Y Combinator and Digital Currency Group, among others.…

$1 Billion Chinese Blockchain Fund Denies Report of Government Pull-Out

NEWS Jul 27, 2018 at 06:00 UTC  |  Updated  Jul 27, 2018 at 07:31 UTC A $1 billion Chinese blockchain fund launched in April has denied a report that the local government will withdraw its financial support following the leak of a recording involving a former partner of the fund. The news report in question, published by China…