#investors

May 14, 2021
1 min

Hashdex Raises $26 Million In A New Funding Round From Investors

Hashdex, the Rio de Janeiro-based crypto asset manager, has raised $26 million in a new funding round from investors. It has been reported that venture capital firm Valor Capital Group led the funding round with participation from Coinbase Ventures — the VC arm of American exchange giant Coinbase — and SoftBank. However, the $26-million capital influx comes as Hashdex is set to pursue its expansion outside Brazil. Indeed, the company is reportedly planning to open as many as

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Lolli Raises $5 Million In Its Pre Series A Fundraising Round

Crypto News Point

Mar 26, 2021
2 min

Lolli Raises $5 Million In Its Pre Series A Fundraising Round

Bitcoin rewards app, Lolli, has announced the close of its pre-series A fundraising round after raising $5 million. The raised funds will be used in developing and enhancing Lolli’s mobile application, hence internationally expanding it further to support a growing user base. The investment round saw a number of participants, including Seven Seven Six, the venture capital firm co-founded by Reddit executive chairman Alexis Ohanian, Serena Williams’ Serena Ventures, a firm tha

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Report: More Than 100,000 Investors To Participate In CasperLabs’ Offering On CoinList

Crypto News Point

Mar 24, 2021
2 min

Report: More Than 100,000 Investors To Participate In CasperLabs’ Offering On CoinList

Report said that more than 100,000 investors are trying to participate in CasperLabs’ offering on CoinList, but only about 12,000 are likely to secure tokens. It has been reported that investors are competing for 800 million CSPR tokens at prices of $0.015, with the tokens subject to a 12-month lock-up. Participants are limited to purchasing between $100 and $1,000 worth of tokens each. However, if every investor invests the full $1,000 allocated to them, only 12,000 investor

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BaFin Warns Investors About The Risks Involved In Crypto Investments

Crypto News Point

Mar 22, 2021
1 min

BaFin Warns Investors About The Risks Involved In Crypto Investments

BaFin, the German financial regulator, has warned investors about the risks involved in cryptocurrency investments. It has been reported that in a consumer protection alert issued on its website on Friday, the regulator offered a cautionary tale about crypto involvement on the part of retail investors. However, as part of its statement, BaFin echoed similar admonitions espoused by several European regulators including the European Securities and Markets Authority and the Euro

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Alchemix Draws $4.9 million Led By Major VC Firms

Crypto News Point

Mar 16, 2021
2 min

Alchemix Draws $4.9 million Led By Major VC Firms

Alchemix draws a $4.9 million raise led by major venture capital firms on March 14. Announcing the news on Discord, it was seen that the raise was led by major investors namely CMS Holdings, Alameda Research, eGirl Capital, and seven others. While speaking on the goals, Scoopy Trooples, team lead at Alchemix said: Alchemix aims to be one of the key money legos in the Ethereum ecosystem. It is the culmination of countless innovators and one great idea and a lot of hard work fr

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BlockFi Draws $350M Series D Led By Big-Name Investors

Crypto News Point

Mar 13, 2021
3 min

BlockFi Draws $350M Series D Led By Big-Name Investors

BlockFi, a financial services company recently announced the completion of its Series D fundraising round. BlockFi raised a whopping $350million that was led by big-name investors namely Bain Capital Ventures, partners of DST Global, Pomp Investments, and Tiger Global. The $350million was attained after three prior rounds that raised almost $100million within the last two years. Presently, BlockFi is worth $3billion. According to the announcement by BlockFi, by expanding into

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The Risk Factors In The Crypto Industry For Newbies

Crypto News Point

Mar 6, 2021
7 min

The Risk Factors In The Crypto Industry For Newbies

. THE GAMBLE OF INVESTING IN CRYPTOCURRENCIES The crypto industry has been the subject of discussion for over a couple of years. Disrupting the financial sector, cryptocurrency in the form of Bitcoin has seen a massive boom. Some countries are successfully operating these intangible assets, while some are still in speculation of their very existence, having second thoughts on its security aspect, trying to regulate it to ensure ease in transactions while complying with the ju

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Bank Of Russia To Set Limits On Annual Crypto Investments By Non-Professional Investors

Crypto News Point

Oct 15, 2020
2 min

Bank Of Russia To Set Limits On Annual Crypto Investments By Non-Professional Investors

Bank of Russia proposed to set limits on annual cryptocurrency investments by non-professional investors, as it suggested that unqualified investors in Russia should not be allowed to invest more than 600,000 Russian rubles ($7,800) in digital assets per year. It has been reported that the authority laid out the new proposal in an explanatory note referring to Russia’s newly passed crypto law, “On Digital Financial Assets” (DFA). However, the official statement stipulates tha

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Coinbase Acquires Tagomi To Evolve Strategy For Institutional Investors

Crypto News Point

May 28, 2020
2 min

Coinbase Acquires Tagomi To Evolve Strategy For Institutional Investors

Coinbase, the major cryptocurrency exchange, has acquired Tagomi, the prime cryptocurrency brokerage, to evolve a strategy for institutional investors. On May 27, it has been reported in an announcement that the exchange claimed the acquisition agreement came at “an inflection point in the industry,” a moment when increasing numbers of hedge fund and macro investors are venturing into the crypto space. However, Coinbase stated that the exchange has seen a “swell in demand” fo

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Fintech Startup OPay Raises $120M From Chinese Investors

Crypto News Point

Nov 19, 2019
1 min

Fintech Startup OPay Raises $120M From Chinese Investors

Opera web browser’s, Africa Fintech startup OPay has sealed $120 million in a Series B financing round from a host of high-profile Chinese investors. Found in 2018, OPay focuses on developing digital payment solutions to promote financial inclusion. It previously raised $50 million in June this year. Payment Solutions Across Africa On Nov. 18, TechCrunch reported that OPay reportedly intends to use the new Series B $120 million round to scale and extend its digital payments s

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