Blockchain
Fully Regulated Fund ‘Skynet EGLD Capital’ Raises $40M+ USD to Invest in the Elrond Ecosystem
Zurich, Switzerland–(Newsfile Corp. – April 14, 2022) – Skynet EGLD Capital, the first licensed fund to accept in-kind subscriptions in Elrond Network blockchain’s native currency EGLD, announces it has raised more than USD 40 Million for supporting the development of the Elrond ecosystem.
Skynet EGLD Capital is the brainchild of the founders of Skynet Trading, an algorithmic trading software and consulting firm that grew its portfolio to 100+ Million USD daily turnover in under 3 years. They will leverage their knowledge and expertise in synergy with the resources and tools at their disposal to accelerate the growth of the Elrond Network ecosystem.
“We have personally been strong supporters of the Elrond team and the technology they are developing since the beginning,” said Jordy Fiene, Founding Partner at Skynet EGLD Capital. “The network is rapidly maturing and new waves of builders are joining the ecosystem at an unprecedented pace. This is the perfect time to double-down on our commitment and support Elrond’s journey.”
With strategic backing from the Elrond Foundation, Morningstar Ventures, Spark Digital Capital, Woodstock, Verko and others, Skynet EGLD Capital will be solely focused on accelerating the development of the Elrond ecosystem by providing support for startups in the form of capital, advisory and facilitation of access to new markets and high value collaborations.
In addition to its backers, the fund has the additional support of Binance Institutional, MEXC, Huobi Global, Kucoin and Bitmart, who jointly seek to encourage the development of the Elrond ecosystem.
“Powerful verticals such as Web3 payments, DeFi 2.0 and the Metaverse are joined by strong support from our strategic backers and partners, to form a nexus of forces that will drive the next superwave of growth for the Elrond ecosystem,” said Beniamin Mincu, Elrond Network Co-Founder and CEO. “As a fully regulated fund with vast amounts of liquid capital and the capabilities to attract even more from the institutions racing to be part of the Web3 innovation wave, Skynet EGLD Capital will provide the shortest path to sustainable development and new markets for the most ambitious innovators building with Elrond blockchain technology.”
Skynet EGLD Capital accepts new subscriptions in EGLD on a quarterly basis. Besides the native token of the Elrond Network (EGLD), the fund also accepts subscriptions in USD through their partner Signature Bank NY which allows institutional investors, family offices and HNWI’s to invest in a diversified portfolio.
The entirety of the USD 40+ Million was raised in less than 2 weeks. Significant amounts of capital have already been deployed in different baskets consisting of investments into flagship Elrond projects such as Itheum, delegations towards validated Elrond Network staking providers and balanced positions in Maiar Exchange products.
The firm is available for inquiry from interested institutional investors or startups seeking funding at [email protected].
Media Contact
Contact Name: Dan Voicu
Contact Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/120421
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
The post FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers appeared first on HIPTHER Alerts.
Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
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