KKR Makes First Blockchain Investment in ParaFi Fund
Investment giant KKR & Co has made its first blockchain-related investment with a stake in the flagship fund of ParaFi Capital, ParaFi confirmed to CoinDesk on Thursday. Bloomberg first reported on the investment this week. KKR’s investment in the ParaFi fund, which focuses on decentralized finance markets, was made directly from its balance sheet, according to […]
Dubai Private Equity Firm to Invest $4.8 Billion of Bitcoin in Miami
Miami Mayor Francis Suarez has been making the rounds promoting his city as a global cryptocurrency hub. As it turns out, investors are taking him seriously. IBC Group, a Dubai private equity firm that invests in real estate and tech, has earmarked $4.8 billion in Bitcoin for the Magic City. According to a press release last week, […]
Bitcoin gets seal of approval with Blackrock looking to the future
Blackrock is experimenting with bitcoin futures after allowing two funds to add the popular cryptocurrency as an eligible investment. The world’s largest asset manager is to offer clients exposure to the cryptocurrency as Wall Street responds to growing interest from investors. However, the value of bitcoin fell by 10 per cent yesterday to $31,412.34, providing […]
Crypto-Linked Stocks Extend Rally That Produced 400% Gains
Cryptocurrency-linked stocks rose Wednesday as Bitcoin headed for its biggest monthly gain since 2019, extending a rally that’s seen some companies’ shares more than quintuple since the end of October. Marathon Patent Group Inc., which has soared 444% over the past two months, added another 4.4% Wednesday. Riot Blockchain Inc. rose as much as 7.1% […]
