Investors in the company that created EOS will see 65x returns in stock buyback

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Cryptocurrency startup Block.one made history by returning more than 6,567 percent returns to its earliest investors in less than three years. According to a report from Bloomberg, the ROI translates into $6.6 million for a $100,000 stake. Block.one pays out outlandish returns to its investors Seeing your original investment return several thousand percent is not…

$71 Million: Galaxy Digital Sells Stake in EOS Blockchain Maker Block.One

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Galaxy Digital, the crypto bank founded by Michael Novogratz, has sold its position in Block.one, the maker of the EOS blockchain, for $71 million.

Facebook allegedly raising as much as $1 billion for its cryptocurrency stablecoin

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Facebook is looking for VC firms to invest in its cryptocurrency project for sums as large as $1 billion, according to NY Times reporter Nathaniel Popper. The company is allegedly designing its crypto as a stablecoin for WhatsApp using a basket of foreign currencies as collateral. Since 2018 Facebook has been covertly working on a cryptocurrency…

Morgan Creek’s Venture Fund Raised $40 Million to Invest in Blockchain and Cryptocurrency

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Morgan Creek Digital Assets announced today that it has successfully closed a $40 million venture fund that will invest in blockchain and cryptocurrency. Morgan Creek Digital Assets (MCDA) is an alternative asset management firm founded by Anthony Pompliano, Mark Yusko, and Jason Williams. The fund is an affiliate of multi-billion dollar asset manager Morgan Creek…

Crypto VC Believes the Masses Have “Forgotten” About Bitcoin a Year After All-Time Highs

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Cryptocurrency venture capitalist Chris Burniske believes the masses have “entirely forgotten” about digital assets, with his comments coming on the back of a prolonged bear market. Now, seasoned traders, institutional investors, and technological experts are leaving the crypto arena. Goodbye Bitcoin A year after Bitcoin was priced at $20,000 on some exchanges and the cryptocurrency…

How Institutional Investors Are Changing the Cryptocurrency Market

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Institutional investors trading cryptocurrency gained ground in 2018, with a number of high profile players edging in and taking a seat at the table. Increased interest from larger investors may have played a part in supporting digital assets as well as distorting the market.  Also Read: KPMG: Institutional Investment Key to Cryptoassets Growth Will Crypto Markets…

Startup Bringing Blockchain Privacy to Central Banks Wins $15 Million Funding

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Blockchain startup Adhara, which aims to bring zero knowledge proofs to central bank systems, has secured $15 million in new funding from Consensys.

Blockstream Launches Liquid Network, Exchanges Can Now Transfer Bitcoin in Under 2 Minutes

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With blockchain advancement once resting on the shoulders of beleaguered, boot-strapping developers, some would fire up the afterburners in a push to deliver tomorrow’s markets, today. Blockstream, one of the industry’s most heavily sponsored development powerhouses, unveiled a Lightning Network-style solution permitting the largest stakeholders in the game to transfer wholesale quantities of Bitcoin in…

Venture Capital Investment in Blockchain Up Nearly 300 Percent in 2018

Venture Capital Investment in Blockchain Up Nearly 300 Percent in 2018

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According to a recently published Diar report, venture capital investments in crypto and blockchain companies have nearly tripled in the first three quarters of 2018 from that of 2017. Diar references data from Pitchbook that reveals that blockchain and crypto-related companies have raised approximately $3.9 billion in venture capital this year. This figure represents a…