Dragonfly Capital Partners reveals a $100M fund, ConsenSys invests $15M to Adhara, Blockfolio raises $11,5M, SportyCo to buy Hull City FC for $58.9M, US universities invest billions in crypto funds, Genesis Vision partners OKEx, CoinCola partners Dash, Nouriel Roubini's mistake
- A crypto-centric venture capital startup, Dragonfly Capital Partners, reveals a $100 million fund reserved for digital assets. The startup intends to invest in three asset types namely crypto funds, tech startups, and DApps. Bitmain and OKEx are among its investors.
- After the USDT price fall, Tether Limited, the issuer of the tokens, upholds in a statement that the stablecoin is sufficiently backed by USD. The coin moved faintly up in yesterday’s market but it remains under one dollar (as of its yesterday’s trading price).
- ConsenSys invests $15 million to startup Adhara. According to Joseph Lubin, his firm invested in the startup due of its track record of delivery. Banking innovators Julio Faura, Peter Munnings, and Edward Budd are the creators of Adhara. The company intends to bring privacy to central banks.
- Blockfolio, a free cryptocurrency tracker app, aims to expand from being a data provider into an intermediary. $11.5 million was raised in a Series A funding round. Companies who invested include Pantera Capital, DCM Venture, BitMEX, Huobi, and Block72.
- SportyCo is gearing up to put in £45 million, an equivalent of $58.9 million to buy Hull City football club. By uniting institutional investors with the fan base, they are sure to reach a stable Hull City AFC.
- A report released on 10 October, indicated that prominent US universities such as MIT, Harvard, and Stanford among others, have invested in one or more cryptocurrency funds. Harvard is said to have made the biggest investment amounting to $39.2 billion.
- BK Global Consortium, a Singapore firm, endowed $353 million or 400 million won to Bithumb. Kim Byung-gun, lead of BK Global, plans to start Bithumb DEX, which is similar to Binance and Coinbase. Releasing stablecoins are also a part their expansion plan.
- Genesis Vision teams up with OKEx. By creating an account on Genesis Vision’s platform, an investor can be a manager and begin their own investment curriculum. Because of the partnership, Genesis Vision will have access to the assets listed within OKEx. OKEx is considered the second largest exchange.
- CoinCola takes-off in Venezuela. The p2p, OTC platform collaborates with Dash to expand the accessibility of cryptocurrency within the country. To commemorate the partnership, there will be no trading fee for Dash transactions until 31 October.
- Nouriel Roubini failed to foresee and join Bitcoin’s upsurge. A 2013 tweet by the economist, who predicted the market crash of 2008, was unearthed. In the tweet Roubini mentions BTC price at under $58.