Crypto hedge fund launches seem to be spiking to an all-time high, with an October 10 release from Crypto Fund Research reporting that 90 cryptocurrency hedge funds launched in the first three quarters of 2018, on track for 120 for the fiscal year.
The Monetary Authority of Singapore (MAS), the city-state’s central bank, is currently working on helping cryptocurrency startups receive banking services, but doesn’t plan on loosening its rules to lure more crypto startups to the country, the bank’s managing director told Bloomberg on October 9, 2018.
Venezuela’s President Nicolas Maduro announced the official launch of the first ever state-backed cryptocurrency, El Petro, RT reported on October 7.
Yale University has embarked on a program of aggressive alternative investment through its substantial endowment fund. From Puerto Rican government bonds to New Hampshire timber, the university is betting the house on non-typical investments.
Circle Internet Financial Ltd., a cryptocurrency trading platform funded by Goldman Sachs, has added a new feature to its investment app Circle. Dubbed “Collections,” this new feature was officially introduced via an official blog post dated Oct 4, 2018.
Hedge fund Tiger Global is reportedly eyeing a $500 million investment into San Francisco-based Coinbase, which could see the company reaching an $8 billion valuation, Recode reported on October 2.
In an October 2 blog post, Ripple Labs announced the integration of RippleNet into Banco Santander’s mobile application for cross-border payments OnePayFX, effectively bringing Ripple‘s services to over 140 million of its customers.
A group of San Francisco-based FinTech firms is forming a coalition to weigh in on regulators and lawmakers concerning cryptocurrencies. The lobby group they have chosen to advise and help them frame their argument will receive payment both in fiat currency and digital coins.