Bitcoin News — Venture Capital

Billion-Dollar Startups Flourishing in Switzerland’s ‘Crypto Valley’

Posted by Jeffrey Gogo on

Next Silicon Valley: Switzerland's Billion Dollar Cryptocurrency Startups FlourishThe top 50 cryptocurrency and blockchain-related companies in Switzerland’s version of Silicon Valley are now worth $44 billion combined, underscoring the steady growth of the Swiss crypto industry. Altogether, cryptocurrency firms employ about 3,000 people throughout the small country. Included among the top 50 are five “unicorns,” or startups with a market valuation of more […]

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Blockchain Finance Startup Clearmatics Raises $12 Million in New Funding

Posted by Ian Allison on

Blockchain finance firm Clearmatics has closed a $12-million Series A funding round led by Route 66 Ventures.

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Yale University Invested in New $400 Million Crypto-Focused Fund, Says Report

Posted by Marie Huillet on

Ivy League American university Yale is said to be one of the investors that has helped to raise $400 million for a major new cryptocurrency-focused fund.

Ivy League U.S. university Yale is said to be one of the investors that helped to raise $400 million for a major new cryptocurrency-focused fund, Bloomberg reports October 5.

The fund, dubbed ‘Paradigm,’ was reportedly created by Coinbase co-founder Fred Ehrsam, former Sequoia Capital partner Matt Huang, and Charles Noyes, formerly of stalwart crypto fund Pantera Capital.

Huang was said to have left Sequoia in June to embark on establishing the fund together with Ehrsam, according to reports from the Wall Street Journal at the time.

Bloomberg has today cited an anonymous source as saying that Yale – whose $30 billion endowment is reported to be the second-largest among U.S. higher education institutions – has made an investment of an undisclosed size in Paradigm.

Bloomberg further reports that 60 percent of Yale’s assets for the fiscal year 2019 are earmarked for “alternative investments” including “venture capital (vc), hedge funds and leveraged buyouts.”

According to Bloomberg, the fund reportedly plans to invest in “early-stage” crypto-focused projects, new blockchains and digital asset exchanges.

This summer, Cointelegraph reported on a group of economists from Yale that created a “comprehensive” analysis of the “risk-return tradeoff” of major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), based on their historical performance data.

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Yale University Said to Invest in $400 Million Paradigm Crypto Fund

Posted by Daniel Palmer on

Has Yale University just plunged into the turbulent waters of the cryptocurrency space? A new Bloomberg report suggests it has.

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Overstock's Medici Ventures Invests in Wine-Tracking Blockchain Startup

Posted by Anna Baydakova on

Medici Ventures, the blockchain accelerator arm of Overstock.com, has made a seven-figure investment in wine-tracking startup VinX.

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