TagPolychain Capital

$1 Billion Crypto Hedge Fund Crashed 40% - But Still Beat Bitcoin

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Crypto hedge fund traders were not immune to bitcoin's downright frigid bear market. Just look at Polychain Capital, whose assets under management (AUM) fell to $591.5 million at year-end 2018, according to a regulatory filing cited in the Wall Street Journal. Investors Stay Put in Polychain Capital's Fund The San Francisco-based crypto hedge fund boasted $1 billion in assets as of February 2018...

Why Andreessen Horowitz Made its Biggest Investment in Crypto to Date

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Created by Google, Microsoft, and Intel engineers, Dfinity Foundation is set to be the crypto sector's biggest private token sale of 2018 valued at $2 billion. Andreessen Horowitz (A16Z) made its largest investment in the crypto sector to date through its two-month old cryptocurrency fund. A16Z was amongst five investment firms including the $1 billion crypto fund Polychain Capital to lead the...

Cryptocurrency Startup Dfinity Raises $102 Million to Build ‘Internet Computer’

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Cryptocurrency startup Dfinity has raised another $102 million to fund the development of its “world computer,” bringing its total capital intake to nearly $200 million. Announced on Wednesday, the funding round was led by a16z crypto, Andreessen Horowitz’s dedicated cryptocurrency fund, and crypto hedge fund Polychain Capital. The two firms were also joint leaders in Dfinity’s most recent...

Crypto Fund Launches Projected to Hit a Record Number in 2018

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Despite the persistent bearish environment and unfavorable regulatory conditions in various parts of the world, the number of new crypto funds unveiled this year is expected to break last year’s record. So far the number of new crypto funds that have already been launched is 96 and it is projected that by the end of the year the total number will reach a figure of 165, against last year’s 156. In...

Andreessen Horowitz Plots a Dedicated Cryptocurrency Investment Fund: Report

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Andreessen Horowitz, founded in 2009 by Marc Andreessen and Ben Horowitz,  one of the leading venture capital firms active in the cryptocurrency space, plans to launch a separate fund for exchanging crypto assets. The new fund could signal what some see as the next wave of innovation: direct investor involvement in cryptocurrencies, according to Recode. In general, venture capital firms have been...

Hedge Fund Manager Puts Most of His Life Savings in Bitcoin

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Olaf Carlson-Wee, the first employee of Coinbase, the world’s second largest wallet platform and a major digital currency exchange operator, once allocated the vast majority of his life savings into bitcoin. As an undergraduate, Carlson-Wee spent most of his time investigating into bitcoin. In 2011, when he first discovered bitcoin and decided to write an undergraduate thesis on the digital...

Blockchain Assets Trading Firm Polychain Capital Raises $10 Million

San Francisco-based Polychain Capital, a startup involved blockchain assets trading has reportedly raised $10 million in funding from investors including VC firms Andreessen Horowitz and Union Square Ventures. Polychain Capital is notably led by Olaf Carlson-Wee, the first employee of prominent bitcoin and ether exchange Coinbase. Launched in September 2016 with $5 million from 30 investors...

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