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Tag: Investment

Bitcoin ETF Could Attract Billions in New Investment: VanEck

Twitter Facebook LinkedIn A bitcoin ETF could attract billions of dollars in new investments, so the Securities and Exchange Commission (SEC) should treat pending proposals as an opportunity to regulate the crypto market, said crypto exchange-traded fund advocate Gabor Gurbacs. Gurbacs, the director of Digital Assets Strategy at VanEck, made this claim during an interview…

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How Can A16Z Profit From its $15m Investment in a Stablecoin?

On September 25, CCN reported that prominent venture capital firm Andreessen Horowitz invested $15 million in a stablecoin network called Maker. Stablecoin is a cryptocurrency whose value remains stable by being hedged to the price of reserve currencies like the US dollar. Hence, Dai, the stablecoin of the Maker ecosystem, will always represent $1, regardless…

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SEC Suspends Trading in Bitcoin and Ethereum Investment Products

The regulator pointed to “a lack of current, consistent and accurate information” in the two crypto investment vehicles issued by Swedish firm XBT Provider AB following their entry into the US market last month. The U.S. Securities and Exchange Commission (SEC) on Sunday issued an order to halt the trading in Bitcoin Tracker One (CXBTF)…

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Cryptocurrency Fraud Now Second Most Common Investment Scam in Australia

Australia’s national consumer watchdog has warned that cryptocurrency trading scams have grown ‘significantly’ over a 12-month period and are now the second most-common kind of investment scam in the country. An independent government authority tasked with the mandate of enforcing consumer protection laws with oversight into scam-related trends in Australia, the Australian Competition and Consumer…

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$12 Billion Bitmain’s Second Major Investment in 2018 is EOS

Bitmain, the world’s largest cryptocurrency company valued at $12 billion, and billionaire technology investor Peter Thiel have invested in Block.one, the development firm behind EOS. Jihan Wu, the co-founder and CEO of Bitmain, who is expecting to close a $12 billion initial public offering (IPO) this summer, said in an official statement that the EOS…

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$150 Billion Ant Financial Sees Blockchain as the Future Technology, Big Investment

Jack Ma-led Chinese e-commerce giant Alibaba’s fintech conglomerate Ant Financial considers blockchain technology as one of the five key technologies that will dominate every industry in the long-term. Ant Financial Hopes to Use Blockchain in its Core Businesses At the TechCrunch International City Event held in Hangzhou this week, Zhang Hui, the director of Blockchain…

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