Best Altcoins to Ride the $BTC Bull Run as SoftBank and Tether Back $3B Bitco...
Cantor Fitzgerald, a leading global financial services firm, is partnering with SoftBank, Tether, and Bitfinex to build a Bitcoin acquisition vehicle. The new venture will be called 21 Capital and is expected to raise $3B worth of Bitcoin from its partners – $1.5M from Tether, $900M from SoftBank, and $600M from Bitfinex. 21 Capital looks to follow MicroStrategy’s investing path, which saw a surge in market cap (all the way up to $91B) after shifting to Bitcoin. Read on as we explore the details of this deal and what it could mean for the broader crypto market. We’ll also suggest....
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Softbank and Saudi Arabia have partnered to launch a $100 bln technology investment fund, which will focus on emerging tech firms and unorthodox markets outside the realm of common investments such as oil and real estate. Both Softbank and Saudi Arabia’s Public Investment Fund (PIF) have agreed to provide $25 bln and $45 bln respectively to the Softbank Vision Fund, while the remaining $30 bln will be invested by an undisclosed group of investors. Masayoshi Son, Chairman & CEO of Softbank stated: “With the establishment of the Softbank Vision Fund, we will be able to step up....
The multinational conglomerate holding company headquartered in Tokyo, Softbank operates a Latin America Fund that invests in startups focused on identification technology, e-commerce, education, fintech and now cryptocurrency solutions. The Softbank Latin America Fund revealed on Thursday that it invested $200 million in the crypto-asset exchange Mercado Bitcoin. Mercado Bitcoin’s $200M Capital Raise: Softbank Funds One of the largest Series B funding rounds in LATM The Softbank Latin America Fund has invested in Mercado Bitcoin’s parent company 2TM Group. The announcement....
Speaking at the Bitcoin Miami Conference 2022, former SoftBank CEO Marcelo Claure announced the allocation of 10% of its wealth into crypto. Specifically, the former SoftBank executive will put a portion of his capital into BTC as a hedge against inflation. Related Reading | Bitcoin 2022 Conference, Industry Day: Bukele Steps Down, Tennessee Titans & More […]
Bitcoin has been on a wild ride throughout the past few weeks, and its parabolic growth trend is showing no signs of coming to an end anytime soon Where the market trends in the mid-term should depend largely on Bitcoin and whether it can sustain its upwards trajectory So far, altcoins have not been able […]
Bitcoin’s price action as of late has been firmly guiding that seen by the aggregated altcoin market. Larger altcoins like Ethereum and Chainlink have been directly tracking BTC’s price action, while smaller altcoins lag behind it slightly. As BTC’s price continues extending its momentum, analysts are widely noting that traders may soon start jumping back […]