investments


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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.

stockdrop

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Bitpay Raises $40 Million in Series B Round

Bitpay has raised $40 million in a traditional funding round led by Aquiline Technology Growth.

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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.

Telegram app

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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.

kik, app

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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.

chair

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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.

BTC3

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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.

red light

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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.

(Monika Gruszewicz/Shutterstock)

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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.

alibaba

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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.

pennies, coins