Blockchain Wallet May Launch $50M Venture Fund

The informed sources say that the fund plans to invest both in startups in tokens directly too
04 September 2019   878

Blockchain, the largest provider of cryptocurrency wallets, intends to raise $ 50 million for the work of the Blockchain Ventures investment fund. It is reported by Yahoo Finance.

So, the company is allegedly already negotiating areas of work. The fund will invest not only in startups, but also directly in digital tokens, informed sources say. It will be headed by allegedly former Naspers Ventures top manager Samuel Harrison, on whose LinkedIn social network page he is already co-founder of Blockchain.com Ventures.

In addition, it also says that this fund, the existence of which was not previously known, had already invested in Origin Protocol, Coindirect, Sliver.tv and Nodle.

Earlier, Blockchain launched its own bitcoin exchange The PIT, saying that it will become the “fastest” trading platform among existing ones and will allow you to carry out transactions almost instantly.

The company raised totally $70M during 2 financial rounds, which was attended by Google Ventures, Virgin and Lakestar venture fund from Europe.

SEC Chairman to Speak About BTC Listing

It looks like Bitcoin listing on the tradional exchanges won't happen in the nearest future
20 September 2019   80

Chairman of the US Securities and Exchange Commission (SEC) Jay Clayton said that bitcoin needs more regulation for listing on large exchanges. It is reported by CNBC.

If [investors] think there’s the same rigor around that price discovery as there is on the Nasdaq or New York Stock Exchange ... they are sorely mistaken. We have to get to a place where we can be confident that trading is better regulated.
 

Jay Clayton

Chairman, SEC

He was talking about listing conditions for bitcoin itself, and not derivatives, such as CME futures.