Crypto Investment Platform Secures Seed Funding from Peter Thiel, Digital Currency Group

Venture capitalist and PayPal co-founder Peter Thiel has invested in cryptocurrency investment platform Layer1, according to a press release published Dec. 19. San Francisco-based Layer1 has concluded a $2.1 million seed funding round backed by such industry players as Thiel,…

PwC Warns Lack of Insurance Access Is Hindering Crypto Businesses

Cryptocurrency businesses find it “almost impossible” to get insurance and this is deterring investors, Big Four auditor PricewaterhouseCoopers (PwC) told Reuters Dec. 20. In comments focusing on the global fintech market, Henri Arslanian — the firm’s fintech and crypto leader…

Major UK Charity Fund Executive Believes Crypto Market Crash Is ‘Just a Bump in the Road’

A major United Kingdom charity fund executive said at the Bloomberg Crypto Summit in London this Friday that the recent crypto market crash is just a “bump in the road,” Bloomberg reports Dec. 7. James Bevan, the chief investment manager…

‘The Big Issue’ Newspaper Launches Blockchain Platform to Promote Impact Investing

The Big Issue, a street newspaper sold by the homeless in the U.K. and other countries, is launching a blockchain-driven platform to promote impact investing, The Financial Times reports Monday, Nov. 18. Three investment companies — UK Standard Life Aberdeen,…

Bitcoin’s Low Volatility Signals Bottoming as ‘Speculation Leaves,’ Bloomberg Analyst Says

Bloomberg’s analysts have joined the ranks of experts who consider that Bitcoin (BTC)’s low volatility levels recently signal the coin is finding a bottom, according to an analysis published Oct. 24. Data analyzed by Bloomberg reveals that in October, BTC…

AI-Driven Platform ‘Outperformed Stock Markets’ – And Now, It Is Focusing on Crypto

What if the volatility of cryptocurrencies could be eliminated, making crypto more of a feasible, mainstream investment? An established fintech company is working to achieve just that. Rise, which was founded in 2012, is planning to adapt its artificial intelligence…

Fintech Investor Ribbit Capital Sets $420 Million Goal for Its Latest Fund

U.S.-based venture capital firm Ribbit Capital, the portfolio of which includes notable cryptocurrency and blockchain projects, is aiming to raise $420 million for its latest fund, according to an SEC filing dated September 12. The fund will reportedly be the…