Morgan Creek Intends to Create $500 Crypto Fund

To realize this goal, Morgan Creek acquired a Full Tilt Capital venture company based in North Carolina
28 March 2018   270

The founder of Morgan Creek Capital Mark Yusko said that his company plans to raise $ 500 million of investment to create a new hedge fund focused solely on crypto-assets and other blockchain-based solutions. This is reported by CCN.

Morgan Creek believes blockchain to be one of the most powerful and valuable technologies to have been developed in the digital age and also believes that the disruptive power of the application of blockchain technology across all asset classes will create enormous investment opportunities.

Mark Yusko

Founder, Morgan Creek

To realize this goal, Morgan Creek acquired a Full Tilt Capital venture company based in North Carolina, which specializes exclusively in crypto assets investing.

According to managing partner of Full Tilt Anthony Pompliano, the new fund, perhaps, will be engaged in tokenization of real estate, as well as investments in debt and other types of assets. However, he does not rule out that, because of these areas of investment activity, the company may face regulatory difficulties.

If Morgan Creek successfully attracts $ 500 million, this amount will be approximately 25% of the total assets under the company's management, which will make the new hedge fund the largest in the cryptocurrecny market.

Zilliqa is holding a meetup in Singapore

High throughput blockchain platform Zilliqa is organizing a meetup session in Singapore on May 23 to share its progress and preview its new smart contract language Scilla
24 April 2018   26

A meetup titled "Zilliqa: Sharding in Action & Security by Design" by Zilliqa project will take place on May 23 at The Metro@ thebridge. Zilliqa is a new high-throughput public blockchain platform that can enable real-world applications considered impossible up to the moment. Zilliqa utilizes the idea of sharding to reach thousands of transactions per second without sacrificing security and decentralization.

The session will covering the so-far progress of the project, the partners joining the project and the preview of the new smart contract language Scilla that further improves on security for smart contracts. The event is going to be broadcasted love on YouTube. The agenda of the meetup is as follows

  • 18:45 - 19:00 Overview of the Zilliqa project
  • 19:00 - 19:20 Session with partners of Zilliqa
  • 19:20 - 19:50 Demo: Testnet & secure smart contracts with Scilla
  • 19:50 - 20:40 Networking

At the moment of publication, Zilliqa market parameters are as follows:

  • Average price $0.099018
  • Market cap $721,249,874
  • Volume (24H) $86,625,700