Bitcoin start-up gets $30 million investment from major players!
San Francisco-based Bitcoin company Chain Inc. has clinched an investment of $30 million and the investors include financial heavyweights such as Visa Inc., Nasdaq Inc., Citi Ventures, Capital One Financial Corp., Fiserv Inc. and Orange SA. Chain Inc. works with banks and other financial firms and claims that its "solutions enable institutions to design, deploy and operate blockchain networks that can power any type of asset in any market." As reported by the Wall Street Journal, the company has also said that the former American Express Co. CEO and venture capitalist Jim Robinson III has....
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A major online poker website has been buying millions of dollars of bitcoin every day to meet demand from players wanting to cash out in bitcoin. This amounts to $100 million in bitcoin a month as about 95% of players now demand payouts in the cryptocurrency. Poker Site Buys $100 Million of Bitcoin Demand for bitcoin payouts has been rising, particularly after the recent price rally. One of the largest online poker websites, Winning Poker Network (WPN), has been buying millions of dollars worth of bitcoin in recent weeks from OTC desks to meet players’ cashout demand, Bloomberg....
Yet another big investment deal has gone down in the cryptocurrency community. It was announced on Wednesday that bitcoin start-up Chain has closed a $9.5 million investment led by Khosla Ventures, and included Pantera Capital, Barry Silbert, RRE Ventures, SV Angel, and Thrive Capital. This effectively brings the total amount raised by the company to $13.7 million. As part of the investment, Chain has added Keith Rabois as a board member, a former PayPal executive. Rabois, who is part of Khosla, had previously worked for both Square and LinkedIn. The company, which specializes in digital....
Brevan Howard, one of Europe’s largest hedge funds with $13.7 billion in assets under management, is reportedly set to start buying cryptocurrencies. The investment firm previously bought a 25% stake in One River Asset Management, which runs a number of cryptocurrency funds. Major Hedge Fund to Start Investing in Cryptocurrencies Investment management firm Brevan Howard is reportedly preparing to start buying cryptocurrencies, Bloomberg reported, citing a person familiar with the matter. The firm’s cryptocurrency investments will be overseen by Distributed Global’s....
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