Goldman Sachs is hooking clients up with Galaxy Digital's ETH fund, a16z splurges $70M on LidoFinance and Binance unveils bifinity. CT Business Editor forgeforth_ gives you the latest on the business behind blockchain.
. Like other financial services giants, Goldman Sachs sees the writing on the wall and realizes that crypto is an emerging asset class with long-term potential. Either that or its clients really want to invest in crypto.
This week’s Crypto Biz newsletter features classic storylines about a major Wall Street bank expanding its crypto offerings and venture capital continuing to pour hundreds of millions of dollars into blockchain startups. We also take a deeper dive into Binance’s new crypto-to-fiat gateway.According to regulatory documents filed with the SEC,to its clients through Galaxy Digital, possibly opening the door to wider institutional adoption of digital assets.
Keeping an open mind about crypto, but given the inflating US dollar and the stark reminder that governments can and will under certain circumstances freeze accounts and block payments, wouldn’t you think crypto would be having a moment now? Not seeing it in the price, so far….Bain Capital Ventures sets up a half-billion-dollar fund for crypto projects
The crypto economy has received renewed interest from the venture capital community after Bain Capital Ventures, a Massachusetts-based asset management firm, announced thededicated to blockchain startups. According to Bloomberg, the firm has already invested $100 million in 12 undisclosed projects. Cointelegraph managed to get ahold of a Bain Capital Ventures representative, who informed us that the crypto fund is focused on supporting open internet infrastructure — that probably means Web3.
. Not accounting for price appreciation for crypto assets, the influx of VC capital is one of the most bullish indicators we have for the industry right now.As the world’s largest cryptocurrency exchange by trading volume, Binance has a lot of resources to address the ever-growing needs of the digital asset community. This week, the Changpeng Zhao-led company unveiled Bifinity, a new
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