The Value of Blockchain Continues to Grow Supported by Meaningful Investments and Successful Partnerships (Investment Digest, Oct 18—24)

Boost VC to invest in 100 crypto startups, receives $30M, Medici Ventures invests in Minds Inc, Elixxir receives seed investments, Vertex Ventures invests in Binance, Checkmate Capital invests in Bcause, Global Brian supports Omise, Cobo Crypto Wallet raises $13M, $15M for BitGo, TEMCO partners Foundation X, Animoca Brands teams up startups, Silver Cost Basis partners Voyager Digital, 3 strategies for crypto investors, ideas on where to invest, blockchain and crypto investments will grow

  • Venture capital firm Boost VC has kept their word. The firm promised to invest in 100 cryptocurrency startups in three years. Now it has invested in its 100th startup. Boost VC is still searching for new startups to be part of their incubator Tribe 12.
  • An artificial intelligence for business platform,, secures $30 million from Andreessen Horowitz. The Series B funding was led by the Horowitz VC firm. The funds will be expended for’s data and commercial efforts.
  • According to a press release, Medici Ventures invests in Minds Inc, a decentralized social network. Minds introduced its own token $MINDS. Platform engagement is incentivized with the said tokens.
  • Elixxir counts Chris Larsen of Ripple and Singapore firm H&D Pte Ltd as seed investors. Elixxir blockchain can process thousands of transactions that are private and quantum-resistant. More than 1,500 registered to act as nodes on its network, with 500 developers showed interest in developing DApps on the platform.
  • Vertex Ventures invests in Binance for the exchange’s Singapore expansion. Vertex Ventures is a subsidiary of Temasek Holdings. Temasek has $223 billion worth of assets and is government-owned.
  • Checkmate Capital puts in a substantial undisclosed amount of investment in Bcause. The investment will be used to toughen up Bcause exchange operations and develop new payments-related products for the Asian market.
  • Global Brian fiscally supports Omise. This will be done through Global Brian’s Growth Fund Investment Limited Partnership and 31 Ventures Global Innovation Fund I. Omise Holdings remains focused on its vision to provide payments for everyone. The company is the founder of OmiseGO.
  • $13 million dollars was raised by Cobo Crypto Wallet. The Series A round was led by DHVC and Wu Capital. Cobo has 500,000 wallet users and supports 500 tokens and 30 crypto coins since its early 2018 launch.
  • BitGo announced it has successfully concluded its Series B funding round. BitGo acquired support from Goldman Sachs and Galaxy Digital Ventures LLC during this funding round. The round raised $58.5 million with a total of $15 million from Goldman Sachs and Galaxy Digital.


General Ideas

  • A Bitcoinist guest op-ed shares 3 strategies for cryptocurrency investors to make money in cryptocurrency for 2019: Go long on startups with real-world partnerships, let bots manage trading, and run a masternode for increased returns and extra coins.
  • Bloomberg compiled ideas from market experts on where to invest $10,000. The panel of experts includes Jim Hamel (Artisan Partners), Joe Davis (Vanguard Group), Russ Koesterich (BlackRock Global Allocation Fund), and Sarah Ketterer (Causeway Capital Management).
  • According to Julian Zegelman, by 2025 the value of blockchain will amount to $176 billion and will grow beyond $3 trillion by 2030. The American businessman shared this estimate during HackIT 4.0, a forum on cybersecurity. The forum concludes that blockchain will continue to expand and investments, even from the government, will continue to increase.

DISCLAIMER: the data is taken from websites with open data, at the moment of publicationand and shouldn't be considered as investment recommendation. neither supports nor opposes any project or strategy, users must consider all relevant risk factors including their own personal financial situation.

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This 28-year-old short seller's hedge fund made a 24% return last year. Now she's eyeing the ballooning US debt pile.

Short seller Fahmi Quadir, who runs the fund Safkhet Capital in New York, made a 24% return last year. In an interview with Business Insider, Quadir said her winning trades come from focusing on shorting companies with "predatory business models."  The 28-year-old is currently eyeing a private company focused on the student debt market, that may eventually IPO.  She said her fund only makes "conviction" bets because it "can't afford to spend time throwing darts." Click here for more BI Prime stories. Short seller Fahmi Quadir says her Safkhet Capital fund made a 24% return in 2018, an impressive feat for a year that saw hedge fund after hedge fund end up in the red. Her strategy: make big, all-or-nothing bets on companies with what she calls "predatory business models." The tactic was a winner in her bet on MiMedx, a biopharmaceutical company rocked by whistleblower and accounting scandals that led to a management overhaul and a whopping 93% plunge in the stock.  While this year's short bet on German payments company Wirecard hasn't yet tracked the success of 2018, she's already plotting her next target. To find it, she said she started eyeing Americans' ballooning US debt pile.  Quadir said she's lured by companies in that space who have products that are priced higher than those of peers, which "contributes to a debt spiral."  While declining to name any specific names, Quadir said she's researching a potential short trade of a firm focused on student loan debt, which is currently private and might eventually IPO.  "It's more the business model itself that attracted us, we're not making a call on the debt market itself," she said in an interview. "But in these companies that are focused on the consumer, the level of bankruptcies and delinquencies have been ticking up in the past year." According to the Federal Reserve, US outstanding student loan debt has more than doubled to $1.6 trillion in the past decade, while last year US credit card debt hit a record $870 billion. Read more: A 28-year-old hedge fund star who took on Bill Ackman slammed a 'bizarre' ban on short selling a $14 billion German company "If you look at these underlying asset-backed sectors, the underlying accounts are certainly deteriorating," she said. "Then you have companies dependent on these markets to access liquidity, so it becomes more difficult when the quality of accounts has deteriorated so much." She points to the Fed's warning late last year that business-sector debt relative to GDP is worryingly high. "So they've been able to obtain debt at very cheap terms." she said. "What that's led to is being able to keep the doors open, but not necessarily sustainable. Once they're unable to access the credit markets, it's unclear whether they're able to maintain the business."  Fahmi Quadir burst onto the seen in a Netflix documentary Quadir burst onto the scene in a Netflix special called "Dirty Money," where she joined her bearish peers in calling out the drug giant Valeant. With that trade, Quadir took on Bill Ackman, a longtime Valeant bull who lost billions when suspect accounting revelations tanked Valeant's stock and eventually prompted a management overhaul.  She's followed others' lead on some of her other bets as well (Tesla, Wirecard, South Africa's Capitec Bank). "Another thing we look at is companies that have been targeted in the past — investigative journalists, short sellers, consistent criticism over a period of time — how odd that these companies have managed to succeed," Quadir said. "Because usually, when there's that kind of consistency, there's something behind that."            Quadir also wasn't the only one who piled into MiMedx. The short seller Marc Cahodes and Viceroy Research founder Fraser Perring famously pushed the short case on the trade for more than a year. MiMedx replaced its CEO and a key exec after the company found insiders spied on whistleblowers who had called out revenue manipulation.  It's been a rocky year for some big bets. Wirecard, which Quadir's Safkhet Capital is "significantly" short, has seesawed up and down, even rallying year to date — despite several explosive reports from the Financial Times outlining suspect accounting practices. Wirecard has denied the claims.  "Generally, we're focused on fraud and exploitative practices, so that's where we'll be looking first," Quadir said. "That's not thematically driven, but you'll see the connection if you look at our portfolio." Quadir's fund is smaller than most hedge funds. 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Bitcoin the top investment for Grayscale in the first quarter

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