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investments
Report: 9 Cryptocurrency Hedge Funds Have Closed in 2018
Bloomberg reported Monday that nine cryptocurrency hedge funds have shut down in the first quarter of 2018.

Bitpay Raises $40 Million in Series B Round
Bitpay has raised $40 million in a traditional funding round led by Aquiline Technology Growth.

Telegram Doubles Amount Raised in ICO to $1.7 Billion
Messaging app provider Telegram has raised a second $850 million in its ongoing token sale, according to a new filing with the SEC.

Game Giant Unity to Work With Kik's ICO Token
The Kin Foundation, which governs the cryptocurrency developed by Kik, announced a partnership with Unity Technologies on Thursday.

What It's Like to Talk to the SEC About Your ICO
Sweetbridge's CEO met face-to-face with the SEC and came away with a sense the regulator is open to figuring out the best rules for the industry.

Survey: Younger Koreans More Likely to Invest in Crypto
Nearly a quarter of South Koreans in their 20s want to invest in cryptocurrencies, according to a new poll conducted by Bank of Korea.

Blockchain Funding Center Scrapped Over China Regulation Concerns
A Chinese investment association has scrapped a previously reported plan to launch a funding center to boost blockchain development in the country.

Spring Labs Raises $15 Million to Build Credit Data Blockchain
Spring Labs, an identity- and credit-focused blockchain startup, has raised $14.75 million in a seed funding round.

Alibaba Payment Affiliate Rules Out ICO Fundraising
Ant Financial Services Group, Alibaba's payment affiliate and operator of AliPay, has taken a critical stance over initial coin offerings.

The Right Way to Think About Crypto Tokens
Two researchers have written a paper that explains how utility tokens give consumers direct collective power over price, provided issuers don't cheat.
