Look who is investing in Crypto Hedge Fund – Billionaire Steven Cohen

Billionaire Steven Cohen Invests in Crypto Hedge Fund

Cohen has reportedly made the decision to invest in Autonomous Ventures, a hedge fund focusing on cryptocurrency and blockchain technology.Autonomous Partners, led by early cryptocurrency believer and venture capitalist Arianna Simpson, launched in December and includes funding in the low eight digits from investors such as Coinbase CEO Brian Armstrong, Union Square Ventures, and Craft Ventures.

“I’ve only brought on partners that I think can be very much value-add beyond their capital,” Simpson told Fortune.

Stronghold, a crypto exchange platform, secured $3.3m in seed funding.

The company aims to utilize the funds to enhance the trading experience, endure the growth and development of its platform. The firm also plans to add more assets and liquidity onto Stellar’s network through its platform and develop its cryptocurrency asset management platform further. Stronghold offers a trading platform built on the Stellar network, it connects banks, payments systems and people, enabling them to move money quickly, reliably, and at almost no cost.

ICO returns are declining; best strategy sell the tokens within six months

Research conducted by Boston College Study says – About 56 percent of crypto start-ups that raise money through token sales die within four months of their initial coin offerings. The researchers who examined 2,390 ICOs that were completed before May, stat that only 44.2 percent of start-ups survive after 120 days from the end of their ICOs. The study also highlighted that The strongest return is actually in the first month and once you go beyond three months, at most six months, they don’t outperform other cryptocurrencies.

Some of the reason we see a decline in the returns is start-ups have become savvier about pricing coin offerings and more have people jumped into ICO investing. Read more at Bloomberg Continue reading “ICO returns are declining; best strategy sell the tokens within six months” →

July 10, 2018

Mike Alexander to lead block.one’s US$1 billion EOS VC Fund

Mike Alexander, the former CEO of Jefferies Asia has joined block.one to lead its US$1 billion EOS VC venture capital arm. EOS VC aims to develop and support the EOSIO ecosystem through venture capital investment and so far it’s allocated US$700 million through VC partnerships in the U.S, Europe, and Asia. Based in Hong Kong, Alexander will manage both direct venture investments and EOS VC partnerships.