The venture firm launched by Coinbase co-founder Fred Ehrsam now has $2.5 billion for placing bets on the next generation of leading crypto projects.Paradigm announced Monday the completion of its fundraising efforts. CoinDesk reported in October that the firm was raising around $1.5 billion, according to investor documents seen at the time.“This new fund will invest alongside … [Read more...] about Crypto Venture Firm Paradigm Announces $2.5B Fund, Industry’s Largest
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$25B investment firm adds ‘riskier’ Grayscale GBTC and ETHE for clients
Bitcoin (BTC) and Ether (ETH) exposure has come to one of the world's biggest automated investment firms.In a blog post on July 29, Wealthfront, which has $25 billion in assets, confirmed that it had added two Grayscale funds to its suite of investment options.GBTC buzz returnsThe recent rise in cryptocurrency prices has kept institutional products such as Grayscale's various … [Read more...] about $25B investment firm adds ‘riskier’ Grayscale GBTC and ETHE for clients
Data shows Bitcoin bears dominate Friday’s $2.5B BTC options expiry
Bitcoin (BTC) price dropped roughly 22% over the past 7 days, retesting the $31,700 area for the second time in June. The most pressing news for the negative performance has been China supposedly cracking down bank accounts of over-the-counter desks, according to some analysts:China cracking down on the bank accounts of #bitcoin OTC desks, this is getting serious!!!— Lark Davis … [Read more...] about Data shows Bitcoin bears dominate Friday’s $2.5B BTC options expiry