Tether invests in Zengo Wallet to advance self-custody
Tether has announced a strategic investment in self-custodial crypto wallet Zengo to enhance the security and accessibility of blockchain tools. In a press release shared to crypto.news, Tether (USDT)’s investment aims to help Zengo Wallet further develop its blockchain-based financial tools in order to create a seamless process for Tether’s stablecoins across various major ecosystems. […]
Gate Ventures invests $20m in BNB Incubation Alliance
Gate Ventures, the venture capital division of Gate.io, has committed $20 million to the BNB Incubation Alliance. The alliance is a collaborative initiative by Binance Labs and BNB (BNB) Chain, is designed to support blockchain and Web3 startups with funding, mentorship, and technical assistance, according to a Gate.io release. The BNB Incubation Alliance aims to […]
Hong Kong construction firm Ming Shing invests $47m in Bitcoin to boost liquidity
Hong Kong-based Ming Shing Group has invested $47 million in Bitcoin, acquiring 500 BTC as a short-term strategy to enhance liquidity and asset value. Public construction firm Ming Shing Group has joined the list of non-tech companies diversifying into cryptocurrency, investing $47 million in Bitcoin (BTC) to enhance liquidity and boost asset value. In a […]
KULR Technology Invests $21M, Totaling 430 BTC in Treasury
KULR Technology Group, Inc., a thermal energy management company, increased its Bitcoin holdings with the purchase of 213.4 BTC worth $21 million. The purchase made through Coinbase Prime fits into the corporate strategic efforts to move 90% of its cash into Bitcoin (BTC) within the newly adopted treasury strategy. As reported by blockchain analytics firm […]
Oak Grove Ventures invests $5M in DuckChain to advance blockchain innovation
DuckChain’s goal of enabling decentralized apps within the Telegram ecosystem is supported by the $5 million investment from Oak Grove Ventures. Oak Grove Ventures has publicly disclosed a $5 million investment in DuckChain, an innovative blockchain platform that utilizes TON-based EVM solutions. Several well-known companies, including dao5, Tandem by Offchain Labs, Kenetic Capital, DWF Ventures, […]
ai16z whale invests $17m in tokens amid Eliza partnership
Following the introduction of its new advisors, the Eliza Wakes Up ecosystem token $ai16z has seen significant accumulation by large investors. As reported by Lookonchain, over the last month, whale wallet E9UD…Y9cf has accumulated upwards of 19.83 million ai16z (AI6Z) tokens, roughly worth $17.82 million, which has an unrealized profit of $8.4M. The whale also […]
Tether invests $2m into Arcanum Capital Fund II Venture Capital
Tether has made its first dive into the world of venture capital by injecting $2 million into Arcanum Capital’s fund, which focuses on developing blockchain-based Web3 projects. According to a recent press release, major stablecoin issuer Tether (USDT) has invested $2 million into the venture capital space through Arcanum Capital’s Arcanum Emerging Technologies Fund II. […]
Australia’s AMP fund invests $27M in Bitcoin: Report
Australia has a superannuation system requiring employers to allocate a portion of an employee’s earnings to a retirement account. Source link
Australian wealth manager AMP invests $27m in Bitcoin as first major superannuation fund to embrace crypto
AMP has made a $27 million investment in Bitcoin, becoming the first major superannuation fund in Australia to enter the crypto market. AMP Wealth Management, one of Australia‘s largest wealth managers with billions in assets under management, has invested $27 million in Bitcoin (BTC), becoming the first major superannuation fund in the country to do […]
