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Yale's David Swensen Makes First Investments in Cryptocurrency
David Swensen, the legendary chief investment officer of Yale University's $29.4-billion endowment, has apparently bucked the trend of some other high-profile investors and begun betting on the cryptocurrency market. CNBC is reporting that Swensen has invested in two crypto-focused venture funds: Andreessen Horowitz's recently launched $300 million fund and Paradigm, which is a new fund focused on blockchain and cryptocurrency
Report: Coinbase is About to Become One of the Richest Startups in the U.S.
Coinbase is finalizing a deal with Tiger Global that will value the company at $8 billion and make the San Francisco-based company one of the richest startups in the world, Recode reports. Tiger Global appears ready to make a $500-million investment in Coinbase, one of the most popular cryptocurrency exchanges in the U.S., and the company "is expected to add
Google Has Relaxed its Ban on Cryptocurrency Ads in the U.S. and Japan
Nearly four months after it banned all ads related to cryprotocurrencies and related content, Google announced that it will begin allowing cryptocurrency exchange advertisements in the U.S. and Japan. In an update to its financial products and services policy, Google indicated that it will "allow regulated cryptocurrency exchanges" to advertise in the two countries, effective in October. Advertisers will need
Crypto Mining Behemoth Bitmain Officially Files Highly Anticipated IPO
Bitmain, the Beijing-based cryptocurrency mining equipment behemoth, has officially filed to go public, riding a wave of mind-boggling revenue growth toward its highly anticipated IPO. The company is going public on the Hong Kong Stock Exchange (HKEX), but its prospectus is still highly redacted, which means there are still plenty of questions about its offering. As CoinDesk notes, Bitmain's IPO
London Calling: A New Survey Shows 1 in 3 Londoners Plan on Investing in Cryptocurrencies
Roughly 1 in 3 (or 30 percent) of people in London have said they plan on investing in cryptocurrencies - c0mpared to 13 percent nationwide in the United Kingdom, according to a new survey conducted by Rathbone Investment Management.  The survey also found that 1 in 8 crypto investors in London "attribute their current wealth to digital currencies like bitcoin and
This Could Be an Important Week For Shaping ICO Regulation in the U.S.
About 50 key industry players in the cryptocurrency and financial services industries will be meeting with members of Congress on Tuesday for a roundtable to discuss regulating initial coin offerings (ICOs) in the United States. The roundtable, called "Legislating Certainty for Cryptocurrencies" and organized by Rep. Warren Davidson (R-Ohio), was first reported by Axios. Among the people who are slated
Ripple Says it's Nearing the Release of its Commercial Crypto Product
Sagar Sarbhai, head of regulatory relations for Asia-Pacific and the Middle East at Ripple, said in an interview with CNBC on Monday that the blockchain startup is expected to release its crypto-based xRapid product "in the next month or so." Ripple's xRapid is a tool that is designed to give banks a much faster way to make cross-border transactions by
The Crypto Hedge Fund Founder Backed By Steve Cohen Looks Ahead
The Benzinga Fintech Summit is a gathering of the top leaders in payments, lending, capital markets, blockchain and cryptocurrencies in San Francisco Nov. 14. Ahead of the Summit, Benzinga is profiling the fintech thought leaders speaking at the event. Our next installment is an interview with Arianna Simpson, founder of Autonomous Partners, a cryptocurrency- and blockchain-focused hedge fund that recently
Blockchain is Changing Insurance Markets Inside and Out
All around the world, and throughout almost every industry, analysts have been puzzling over how the cryptocurrency revolution could eventually come to shape their businesses. That's an important area of investigation, but it also reflects the fact that the wider world may be missing the point. In reality, it is not cryptocurrencies that stand to turn the business world on
Crypto's Plunge is Now Worse Than the Dot-Com Crash
With apologies to Shakespeare: We come here neither to bury cryptocurrencies, nor to praise them, but to just be brutally honest about how things fare right now with our beloved digital coins. Alas, things do not fare well at the moment my friends, countrymen and Romans (if you happen to be Roman). We already mentioned how last week was a