Venture capital (VC) firms focused on Web3 projects and crypto businesses are accumulating billions of dollars worth of assets under management as more capital is injected into the sector. The assets under management figure for Web3 and crypto investment firm Paradigm has recently been revealed. Filings show that the firm has $13.2 billion in assets, a growth of 343% compared to the $2.98 billion reported in a filing in December 2020. The filings were reviewed by business journalist Eric Newcomer. Writing for his newsletter, he looked at recent applications with the U.S. Securities and Exchange Commission (SEC) for some of …

Global financial markets and crypto markets were pummeled over the past 24-hours as the invasion of Ukraine by Russian forces sent investors scrambling and sell-offs took place across most asset classes. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) hit a low of $34,333 in the early trading hours on Feb. 24, shortly after the Ukraine incursion began, and has since climbed its way back to $38,500 after an unexpected short-squeeze may have rapped bearish investors on the knuckles. Here’s a look at what several analysts are saying about BTC price and how the …

Mirror Protocol, a decentralized finance (DeFi) protocol built atop the Terra blockchain, was among the biggest gainers in the last 48 hours, primarily as its native token MIR rallied by over 30% to $1.48, its highest level since Jan. 22. Has Mirror Protocol bottomed out? MIR price rose despite an absence of concrete fundamentals, a sight pretty common across crypto assets. As a result, its rally may have been purely technically-driven, especially because it originated after MIR had dropped by more than 90% in value from its May 2021 high near $13, making the token extremely oversold. IncomeSharks, an independent …

Decentralized finance (DeFi) offers one of the most widely applicable use-cases for distributed ledger technology and today it is one of the main avenues for the wider adoption of blockchain technology. Last week, as the wider crypto market corrected and Bitcoin (BTC) dropped by 22%, DeFiChain (DFI) bucked the trend and rallied 76% to establish a new high at $5.70 on Dec. 6 as its 24-hour trading volume surged from an average of $3.6 million to $24.3 million. Three reasons for the price breakout for DFI include the launch of decentralized assets on the DFI mainnet, a surge in transactions …

The Bitcoin AUM market fell 9.5% to $48.7 billion in November, marking the year’s largest month-on-month pullback since July, according to a CryptoCompare report. On the other hand, altcoin-based crypto funds such as ETH saw their AUM rise 5.4% to $16.6 billion. While Bitcoin’s (BTC) position as a viable hedge against fiat inflation continues to attract investors, new data reflects a change in sentiment as Ethereum (ETH) and other cryptocurrency products pick up steam against falling Bitcoin assets under management (AUM). As shown in the above graph, the total AUM across all digital asset investment products has fallen 5.5% to …

Blockchain Global (BGL), the parent company of the now-defunct Australian crypto exchange ACX, has collapsed with outstanding debts of $15 million. On Sept. 13, The Victoria Supreme Court placed a freeze order on 117.33 Bitcoin (BTC) —worth around $7.1 million — held by two companies behind the exchange, BGL and ACX Tech. Three days later the companies were ordered to disclose the full scope of assets held locally and abroad but failed to meet the Sept. 30 deadline. The Australian Financial Review reported that BGL has since entered voluntary administration, with a figure of $15 million (AUD $21 million) owed …

Institutional demand for altcoin exposure has surged to record levels, with the altcoin market share now representing a record 35% of capital locked in crypto investment products. According to the Sept. 7 issue of CoinShares’ Digital Asset Fund Flows Weekly, nearly 40% of the past week's inflows to digital asset investment products were allocated to instruments tracking altcoins. While $97.8 million was invested into crypto investment products combined between Aug. 30 and Sept. 3 to mark the sector’s third consecutive week of inflows, $38.9 million was invested into altcoin products. This past week also saw a sizeable increase in institutional …

A new project has ambitions to revolutionize synthetic asset trading — delivering a decentralized platform designed to suit the needs of investors in various asset classes. Beyond Finance enables users to gain exposure to an underlying asset’s price without owning the asset itself. As well as forex, commodities and equities, the platform also supports cryptocurrencies and derivatives. It is designed to complement rather than replace existing infrastructure, and open up financial services to all in a trustless, non-custodial and censorship-resistant way. Launching “innovative products” In August, the project unveiled a partnership with Klaytn, an open source public blockchain, in bringing …

Seung-beom Koh, a nominee for chairman of South Korea’s Financial Service Commission (FSC), does not regard cryptocurrencies as a financial asset. In a press meeting with local journalists, Koh said that fintech experts from prominent organizations such as the G20, the International Monetary Fund and others “find it difficult to see virtual currencies as a financial asset, and think they could not function as a currency.” Koh’s comments coincide with the ongoing surge in crypto trading among young investors who primarily invest for short-term profits, according to The Korean Times. Investors also see cryptocurrencies as a fair chance to buy …

Institutional investors are loading up on Solana (SOL), with one-third of inflows to crypto investment products being invested in instruments tracking Solana this past week. According to CoinShares’ Monday “Digital Asset Fund Flows Weekly” report, $7.1 million flowed into Solana investment products between Aug. 15 and Friday. While the price of SOL gained a meager 1.4% on spot markets over the same period, SOL has gained 110% from $35.58 since the start of August to trade for $75 as of this writing. CoinShares’ report notes that institutional crypto investment products bucked a six-week trend of outflows, with roughly $21 million …

A unique NFT marketplace that is backed by physical assets has completed a live ask-me-anything session on Cointelegraph’s YouTube channel. Digible aims to offer a crypto-focused environment for rare items that exist in the real world. This means that, if you were to buy a coveted Pokémon card, you’d be able to receive it in the form of a nonfungible token — with this platform storing it safely on your behalf. Daniel Pustelnik, who co-founded Digible, said he became aware of NFTs back in 2018, and started to explore the wide range of use cases for this distinctive asset class. …

Decentralized finance (DeFi) has taken a well-deserved break from the spotlight over the past couple of months after being one of the hottest sectors at the start of 2021, but recent growth on several top platforms may hint at another DeFi run in the near future. While projects that operate on the Ethereum network continue to deal with wild fluctuations in gas fees and transaction times, several that operate on Binance Smart Chain (BSC) have seen an uptick in protocol activity and token value over the past week. Three projects on BSC that have seen increases in trading volume, price …