All of the latest news on investments of key companies and countries in the crypto market during August 23 — 27, '18 are in our Investment Digest.
- Reports say ICOs hold over a billion dollars worth of ETH. The list is topped by Digix which got its hands over $130 million worth of ETH followed by Golem which possesses $100 million. At the third and fourth position sit Status and Aragon, currently holding $70 million and $64 million respectively.
- Binance officially released its $1 billion worth of venture capital fund. The company’s plan is to bring on board around eight to ten companies for ten weeks duration for a 10% stake in the company. It’s still unclear whether the funding will be done in fiat or cryptos.
- The World Bank’s bond with Commonwealth Bank of Australia, Bond-i, sees an upsurge of investment and grabs an extra $8 million. This bond was previously reported to target $73 million ($100 million AUD) through investments but has raised an overall $81 million.
- After a $3 billion investment for blockchain development, China now bans offices and hotels from organizing crypto events. China makes this call as a follow up to its stance of discouraging trading of digital assets. The government wants to ensure that tax payers can’t evade taxes by storing their funds in foreign exchanges.
- Tezos Foundation spread $30 million across 25 blockchain projects. There weren’t any specifications as to which projects the company had granted their sum to, but it seems that the now $1 billion blockchain company is up for an all-round development of the cryptoverse.
- Indiegogo, the international crowdfunding firm, aims $12 million through crypto crowdfunding for St. Regis Aspen Hotel, The company was to promote St. Regis Aspen Hotel’s real-estate-backed token through which the investors can buy the company’s share in form of digital tokens. Recently, Indiegogo cancelled its’ first ICO for Fan Controlled Football League (FCPL) after $5.2M raised.
- $500 million worth of Tether (USDT) issued through August couldn’t impact the crypto markets. Neither the major cryptocurrencies nor the altcoins seemed to have any effect of these half a billion worth USDT. It was previously stated by Bloomberg that USDT impacts, but the same has not been witnessed this month.