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, People.ai 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, People.ai, secures $30 million from Andreessen Horowitz. The Series B funding was led by the Horowitz VC firm. The funds will be expended for People.ai’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.

Partnerships

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. Finrazor.com neither supports nor opposes any project or strategy, users must consider all relevant risk factors including their own personal financial situation.

Related news

A 'bargain' Rolex, the brand's first new model in nearly 20 years at the time it was released, may be the best watch investment right now. Here's why, according to one reseller.

Rolex watches are notoriously pricey, but the luxury brand's "bargain" watch might be the best bet for a watch collector. Online watch reseller Watchfinder & Co. thinks that the Rolex Sky-Dweller 326933 may be the wisest investment for horology enthusiasts. Visit Business Insider's homepage for more stories. The price of entry to purchase a Rolex watch continues to grow higher and higher, so finding a true bargain has become extremely rare. As Watchfinder & Co. points out, however, there's currently one watch in particular that could be the next best cost-effective investment for watch enthusiasts: the Rolex Sky-Dweller 326933. In 2012, Rolex released the Rolex Sky-Dweller, its first new watch in almost 20 years. The model was also Rolex's most technical watch to date, as it included a clever annual calendar feature and an extremely complicated movement that took into account specific months that have 30 days instead of 31. The watch received heightened attention because of its features, but since it carried a gold finish, it was too expensive and many turned to Patek Philippe for its similar model instead. "Damned by its own excellence," notes Watchfinder & Co. In 2017 Rolex re-released the model using steel instead of gold. Interest and sales soared with the help of its new accessible price point, but the steel and gold version of the model, the Rolex Sky-Dweller 326933, ended up going unnoticed by most as it fell at a price point in between gold and steel. In the video above, Watchfinder & Co. explains the rocky journey of the Rolex Sky-Dweller and why the once overlooked 326933 model could be the best watch investment right now. Elsewhere in watches, a rare Rolex Daytona 6241 "Paul Newman" was recently found on a $25 USD thrift-store couch.SEE ALSO: The woman who found a $250,000 Rolex in her thrift-store couch 'did all the right things,' according to the expert collector who later bought her watch himself DON'T MISS: Anthony Bourdain's luxury watch collection is for sale — and it includes a vintage Rolex he may have inherited from his dad Join the conversation about this story » NOW WATCH: Why Rolex watches are so expensive
Business Insider

Nervous Depositing USD To Binance US Exchange? Now They Will Have FDIC Backed Insurance

The U. S. branch of the largest crypto exchange in the world, Binance US, has recently announced that now its customers will be partially insured by the Federal Deposit Insurance Corporation (FDIC). According to a recent blog from the company, all dollar deposits made by clients will be insured by the FDIC, which is an […]
Bitcoin Exchange Guide

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.