Circle announced that it closed the acquisition of the joint crowdfunding platform and registered operator of a broker-dealer. Goldman Sachs-backed cryptocurrency finance firm Circle announced that it closed the acquisition of SeedInvest, a crowdfunding platform and registered operator of a broker-dealer. The news was reported via a post on Coinbase’s official blog published March 4. […]
Continue Readingsponsored A crypto lender that offers consumers an instant credit line says it has processed more than $300 million in seven months, making a net profit of $3 million. A crypto lender offering instant loans in more than 45 fiat currencies says it has amassed more than 170,000 users — with $300 million processed over […]
Continue ReadingGoldman Sachs-backed cryptocurrency startup Circle is reportedly looking to raise $250 million of funding. Goldman Sachs-backed cryptocurrency finance firm Circle is reportedly looking to raise $250 million of funding in a combination of equity and debt. The source of information are claims made by an anonymous person familiar with the company’s plans, as cited in […]
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Fintech startup SoFi is partnering with major United States-based crypto exchange Coinbase to roll out crypto trading support. Fintech startup SoFi — known for its online lending services — is partnering with major United States-based crypto exchange Coinbase to roll out crypto trading support, according to a CNBC report Feb. 26. Sofi, which is headquartered […]
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MaiCapital, a blockchain-oriented hedge fund, has appointed former Goldman Sachs executive Marco Lim as a managing partner at the company. Former Goldman Sachs executive Marco Lim has reportedly been appointed as a managing partner at Hong Kong-based blockchain and cryptocurrency-focused hedge fund MaiCapital, Finance Magnates reported on Feb. 25. Prior to joining MaiCapital, Lim also […]
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A recent study conducted by the CAIS has revealed that almost half of investors believe that crypto as an asset class is a bubble. According to the 2019 Cayman Alternative Investment Summit (CAIS) survey, investors think that, as an asset class, cryptocurrency represents a bubble. The results of the survey were provided in a press […]
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Blockchain security firm CipherTrace has secured a $15 million investment from Galaxy Digital and other venture capital firms. Mike Novogratz’s crypto investment bank Galaxy Digital has invested in blockchain security company CipherTrace, according to an official press release published on Feb. 19. CipherTrace has reportedly raised $15 million in venture capital in a new funding […]
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Solidus Labs, a trade surveillance firm backed by Goldman Sachs fintech veterans, raised $3 million from Hanaco Ventures. Solidus Labs has raised $3 million to combat crypto market manipulation, according to a press release shared with Cointelegraph on Feb. 20. Solidus Labs is a trade surveillance firm whose team includes former Goldman Sachs fintech engineers. […]
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Tesla CEO Elon Musk said that Bitcoin is “a far better way to transfer value than pieces of paper,” during an interview on the advisory services firm ARK Invest’s podcast. Technology entrepreneur and Tesla CEO Elon Musk said that Bitcoin’s (BTC) structure is “quite brilliant” and that digital currency is “a far better way to […]
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U.S. hardware manufacturer Nvidia reported full-year revenue gains in 2018. On Feb. 14, California-headquartered gaming and computer hardware manufacturer Nvidia reported full-year revenue gains in 2018, despite being one of the companies worst hit by the cryptocurrency market dip and subsequent lack of demand for mining components. The firm’s main products include graphics processing units […]
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