Charity project gained $9000000 dollars in BTC in six month

Bitcoin and blockchain technology help charity fund 
30 June 2017   3388
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks
 

Bitcoin

Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

Fidelity Charitable, the charity fund, part of the fund giant Fidelity Investments, gained nearly $9 000 000 in bitcoin during the first half of this year, according to its financial report.

Last year Fidelity Charitable gained $7 000 000 in bitcoin. For first half of 2017, this number is "beaten" $2 000 000 more. According to mentioned report, the whole fund gained $2 000 000 000 for the first half of 2017.

This information was provided after CEO of Fidelity had a speach at CoinDesk's Consensus 2017 blockchain conference. She talked about deep interest of the fund in blockchain industry. 

Fidelity was established in 1991, began bitcoin raising in 2015. It has helped to support more than 235,000 nonprofit organizations with more than $26 billion in grants.

OKEx Ex-CEO to Intend to Raise $40M

Funds are needed for the new exchange called ACDX, which will offer  futures, options, revocable bear/bullish contracts and more
06 February 2020   553

Andy Cheung, who until recently was the operating director of the OKEx cryptocurrency exchange, will open a new derivative trading platform ACDX by the end of the first quarter, CoinDesk reports. The exchange will offer its clients futures, options, revocable bear / bullish contracts, debt contracts and fixed coupon notes.

One of our main goals for the exchange is to provide retail investors with ... structured products that are more commonly used by accredited crypto investors and wealth managers.

 

Andy Cheung

Former chief operating officer at OKEx

In the future, ACDX plans to reach a global level, but first of all it will gather a client base in Asia, using the connections of Cheung and partners in Hong Kong and China. In preparation for the launch, she intends to raise $ 40 million through the sale of tokens and shares in her business to crypto funds, private investment firms and family capital management companies in Europe and Asia. 

We have over $4 million so far and most of the money comes from our own funds. We are in talks with potential investors and likely to announce new investments in the next two months.

 

Andy Cheung

Former chief operating officer at OKEx

To date, ACDX has hired more than 25 employees, including eight developers who are preparing the trading platform for launch.