The company behind Daml said it tripled its customer base in 2020, with half of the new business coming from outside the blockchain industry.
Investing in cryptocurrency is a high-risk/high-reward activity, whether that entails day-trading in the open market, buying into institutional investment funds or investing in particular blockchain enterprises.
In recent years, the blockchain space has attempted to disrupt venture funding and investment through a particularly powerful use case in crowdfunding. An influx of hype and amateur investment reached a peak during the 2017 to 2018 initial coin offering, or ICO, bubble in which projects raised billions of dollars in return for assets of questionable value or utility, quickly putting the industry in the sights of the United States Securities and Exchange Commission and similar regulatory authorities.
There is ongoing discourse on and experimentation in how to fund open-source protocol development that doesn’t involve the traditional route of venture capital and that better aligns the incentives of all stakeholders, from the developers to the users.
Seeing where investment capital is going in the space can provide a gauge of market sentiment around industry trends and potential high-growth areas.
Big tech investor Baillie Gifford has backed the largest single investment in major crypto wallet service Blockchain.com.7182
Several other high-profile investors contributed to the raise, including Coinbase Ventures and Galaxy Digital.6090
The two companies also announced a strategic partnership that would allow First Foundation to provide clients with secure access to Bitcoin-related investment products.2479
Deutsche Telekom has become the first telecom firm to join the Celo Alliance for Prosperity.9179
The fund's units began trading roughly three weeks after the investment manager filed a final prospectus with Canadian regulators.17356
The platform can reportedly execute trades automatically based on up to four risk-reward profiles that crypto users choose themselves.11845
There’s been a lot of talk about democratizing trading in recent years. But does the recent GameStop saga indicate that more needs to be done?3940
Questions around cryptocurrency assessments gain momentum, which brings some nuanced challenges in assessing crypto’s place in M&A.7630
The company is building a tokenization platform to better enable users to manage their DeFi yields.17991
The firm’s co-founder Alan Howard already has a personal stake in One River Digital Asset Management's crypto ventures.9975
Larry Fink said he hadn't been seeing great institutional demand for crypto within Blackrock's circles.14386
Almost 5 million Swedes have indirect exposure to Bitcoin through the shares held by state pension fund AP7.7054
Bank of America asked 200 professional investors with $533 billion in assets under management about their opinions on Bitcoin.11902
Prominent angel investor Garry Tan invested $300,000 in Coinbase in 2013 and with today's COIN listing it's now worth $2.4 billion.36065