He bought some more bitcoin over time, but then didn’t buy it for years, until last year when the price hit new highs and then started to fall sharply, and he thought it was a good time to buy the dip. Miller started buying again at $30,000, down from its high of just under $69,000, reasoning that there were a lot more people using it, not to mention that venture capitalists … [Read more...] about Billionaire Investor Bill Miller Now Has 50% of His Personal Wealth in Bitcoin
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UAE Wealth Fund Mubadala Investing in Crypto Ecosystem: CEO
Mubadala Investment Company, one of United Arab Emirates’ sovereign wealth funds, is looking at investments in the ‘crypto ecosystem,’ CEO and Managing Director Khaldoon Al Mubarak said in an interview with CNBC.“I think its (crypto) is real, this is a business that had $200 billion worth of value two years ago, and is $2.5 trillion value today and growing. So while many people … [Read more...] about UAE Wealth Fund Mubadala Investing in Crypto Ecosystem: CEO
Binance eyes “sovereign wealth funds” to battle regulatory troubles
The largest cryptocurrency exchange by trading volume, Binance, is planning to get funding from some global sovereign wealth funds for equity financing in its bid to improve its relationships with regulators around the world.Binance seeks funding from sovereign wealth fundsIn an interview with Financial Times, the CEO, Changpeng Zhao, who is currently the largest shareholder of … [Read more...] about Binance eyes “sovereign wealth funds” to battle regulatory troubles
Binance Seeks Investments From Sovereign Wealth Funds
Zhao hopes that Binance’s “perception and relationships” with regulators around the world would improve if sovereign wealth funds took a stake in the company, according to the report. “But it may also tie us to specific countries[,] ... which we want to be slightly careful with,” Zhao said. Source link … [Read more...] about Binance Seeks Investments From Sovereign Wealth Funds
Crypto in Asia: Wealth Accumulation, not Decentralization
Vauld was established three and a half years ago as a crypto lending and trading platform out of Singapore with backing from multiple venture-capital investment firms. It currently serves 350,000 customers, primarily in the Asian market, including India. Vauld works by aggregating capital, which is then deployed to generate a yield that is passed on to its customers. It also … [Read more...] about Crypto in Asia: Wealth Accumulation, not Decentralization