Funds in Short Positions on Bitcoin Drop to 6-Month Low
The amount of money allocated to short bets against bitcoin fell to a more than 6-month low during Tuesday’s trading session, data from the popular cryptocurrency trading platform Bitfinex reveals.
South Korean Capital’s $1 Billion Startup Fund Will Include Blockchain Firms
The government of South Korea’s capital city has committed to invest 1.2 trillion won ($1.07 billion) by 2022 via an investment fund for startups, including those working with fintech and blockchain.
First Cryptocurrency Fund in South Korea Closes Amid Regulatory Pressure
Zeniex, a minor South Korean cryptocurrency exchange which opened the country’s first cryptocurrency investment fund, is closing down as a result of the general government crackdown, according to Yonhap.
Pantera Capital’s Crypto Fund Reports 40.8% Loss Since Launch
Pantera Capital’s Digital Asset Fund has sunk in value since it began in December 2017.
Yale Invests in Crypto Fund That Raised $400 Million
Yale University, the Ivy League school that has invested in everything from Puerto Rican bonds to timber in New Hampshire, is getting into the market for cryptocurrencies.
Ripple Not Included: New Morgan Creek Fund Excludes Pre-Mined Cryptocurrencies
Some cryptocurrencies took a big step towards institutional adoption today, with the launch of the Morgan Creek Digital Asset Index Fund.
Messaging Giant LINE Launches $10 Million Token Venture Fund
Japanese messaging giant LINE has launched a token venture fund with a capital commitment of $10 million via its recently established subsidiary called Unblock Ventures.
Another $1 Billion Blockchain Fund to Launch With Government Backing
Another Chinese city is launching a fund worth over $1 billion in order to support the development of blockchain-focused enterprises.