Barstools Founder Just Made A Million-Dollar Investment In XRP, Does He Know ...
Dave Portnoy has re-entered the digital-asset arena with a seven-figure allocation in XRP that has raised eyebrows across the market. At a time when XRP continues to face downward pressure and muted investor sentiment, the Barstool Sports founder executed a decisive million-dollar purchase. The timing, scale, and narrative surrounding the move have prompted renewed scrutiny of an asset many assumed had exhausted its momentum. Strategic Capital Deployment Amid XRP’s Weak Price Performance Portnoy recently revealed that he acquired $1,000,000 worth of XRP, alongside $750,000 in Bitcoin and....
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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....
Singaporean cryptocurrency exchange CoinHe is furthering investment into the South-East Asia (SEA) DeFi landscape, by way of a $1 million dollar investment in open-source protocol Xpool. The investment shows a continued focus by CoinHe to invest in DeFi throughout Asia. The company signed an MOU with Xpool, with the team citing their intent to establish […]
Bitcoin is becoming an increasingly “institutional asset,” according to NYDIG's CEO. New York Digital Investment Group has raised $150 million through two separate cryptocurrency investment funds, according to documents filed with the United States Securities and Exchange Commission on Nov. 24 and Dec. 1.The NYDIG Digital Assets Fund I raised $50 million, with the NYDIG Digital Assets Fund II raising a further $100 million.Reports suggest that the money raised by Fund I, which invests purely in Bitcoin (BTC), came from just two unnamed investors. Meanwhile, the larger Fund II is reputed to....