Tropical Blockchain Boom: Maldives Unveils $9 Billion Crypto Investment Haven
Malé, the Maldives capital, may soon be transformed. The government of the island nation has agreed on a multi-billion-dollar agreement with a family office – a private wealth management firm – in Dubai to construct a massive blockchain and cryptocurrency hub. The aim? To attract fresh investment and reduce the nation’s heavy dependence on tourism […]
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Known as the home of lush tropical beaches, the world's second-oldest horse racetrack and the now-extinct Dodo bird, the East African island nation of Mauritius is seeking to brand itself as a regional haven for blockchain innovation. Since its independence in 1968, the former Dutch, French and British colony has become one of the most successful economies in the region by building itself up as a technology and financial services hub. Now, Mauritius is looking at blockchain as a catalyst to fortify its competitive advantage and drive continued innovation on the island. "We are working....
Anthony Scaramucci, CEO of Skybridge Capital, a multi-asset class investment firm, says he thinks the institutional investment boom in cryptocurrencies has been greatly exaggerated. In an interview given to Bloomberg last week, Scaramucci stated that most institutions are still not interested in cryptocurrency as an investment and that only 10% are actively investing in crypto.
Anthony Scaramucci Thinks Institutions Are Still Not Big on Crypto
Anthony Scaramucci, CEO of Skybridge Capital, thinks there is still a long way until bitcoin and cryptocurrencies are embraced by....
Amid trouble with the U.S. Securities and Exchange Commission (SEC), global cryptocurrency exchange Coinbase unveils its plan to raise $1.5 billion by selling bonds.
Coinbase Plans to Issue $1.5 Billion in Bonds
Coinbase Global Inc. (Nasdaq: COIN) announced Monday “its intention to offer, subject to market conditions and other factors, $1.5 billion aggregate principal amount of its Senior Notes due 2028 and 2031 in a private offering.”
The company explained that the notes “will be fully and unconditionally guaranteed by Coinbase Inc.” and....
There has been a lot of talk about investors looking to Bitcoin as a safe haven for their investment portfolio. Safe haven markets are very small and hard to get into. Bitcoin may not fit that bill as perfectly as some people think it does. Now that the Brexit doom scenario has happened, there is a lot of uncertainty across the markets. Gold is surging,....
The investment round was led by DST Global, Lightspeed Venture Partners and VY Capital and gave Blockchain.com a $5.2 billion valuation. London-based cryptocurrency services provider Blockchain.com has raised $300 million in a new investment round that valued the firm at $5.2 billion — up from a $3 billion valuation just one month ago.The investment round was led by DST Global, Lightspeed Venture Partners and VY Capital, and is the crypto industry's third-largest capital raise to date. The sum is equal to that raised in a single round by Bakkt in March 2020, trailing only behind BlockFi's....