For Blockchain VCs, the Time for Ethereum Investments Has Come
Just a few months after the platform's production launch, the first Ethereum startups are already receiving interest, and in some cases, undisclosed investments, from digital currency-focused VC firms. Interviews with four of the leading blockchain and digital currency industry investors revealed that many are already performing due diligence on startups utilizing the decentralized application platform. Announced in 2014, Ethereum has gained significant traction of late following a successful hard fork and testing from major financial institutions. Travis Scher, investment associate at....
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Digital Currency Group (DCG) is perhaps the most important company in the Bitcoin and blockchain ecosystem when it comes to early-stage investments. DCG has made over 70 investments in the digital currency and blockchain space thus far, and those investments involve startups from 25 different countries around the world. Although DCG has invested in many companies building on top of Bitcoin, they’ve found it difficult to find the right Ethereum companies to back so far. Having said that, DCG is now ready to announce their first investment in an Ethereum-related startup, Etherscan, which is....
The cryptocurrency market has been experiencing a major surge in interest surrounding Ethereum Spot ETFs and Fidelity Investments has joined the race with its newest filing. Fidelity Investments File For ETH Spot ETF American multinational financial service corporation, Fidelity Investments has decided to get actively involved in the ongoing Ethereum ETF mania. The mutual funds […]
Alternative lending platform LendingRobot has taken its first step toward moving the assets it currently manages to a blockchain. As part of its newly launched LendingRobot Series of investment products, the platform – which has $120m worth of assets currently deployed – will begin to post detailed accounts of some of its investments to the public ethereum blockchain. The investments themselves will still be conducted off-blockchain using the P2P lender’s existing infrastructure. But the process of hashing detailed, anonymized accounting records to a blockchain marks the beginning of a....
Before the Ethereum merge event, some experts and investors predicted a fall in the price of Ethereum and hence traded cautiously. Popular analysts referred to the merge hype as a buy the rumor, sell the news scenario. The Feds reserves tightening and other market factors added to the volatility recorded in the valuations of ETH, BTC, and other Altcoins. After the merge event, analysts’ predictions proved right as the ETH price crashed below the support level. As a result, several ETH investments got withdrawn, and a few additions were recorded after the merge. Related Reading: ETH....
U.S. Senator Patrick Toomey has declared investments in Grayscale’s bitcoin and ethereum trusts. His declaration shortly followed one by fellow congressman, U.S. Representative Barry Moore, who declared that he had invested in dogecoin, ether, and cardano. Senator Pat Toomey’s Cryptocurrency Investments A growing number of U.S. lawmakers are investing in cryptocurrencies or crypto-related investments. According to a Periodic Transaction Report filed on July 7, U.S. Senator Patrick Toomey from Pennsylvania declared two personal cryptocurrency investments, each worth between....