Polychain CEO Says Facebook’s Rumored Stablecoin Blockchain Should Be Public

Polychain Capital CEO Olaf Carlson-Wee thinks Facebook would be smart to build its stablecoin on a public, open blockchain infrastructure. Carlson-Wee delivered his remarks at the Consensus 2019 panel “To the Moon and Back” on May 15. Carlson-Wee explained that the blockchain platform he is referring to is one like bitcoin’s, in which the creator relinquishes […]

Crypto Hedge Fund Polychain Capital Saw Assets Under Management Drop 40% In Q4 2018

Cryptocurrency hedge fund Polychain Capital saw its assets under management (AUM) shrink from an erstwhile $1 billion high to $591.5 million in Q4 2018. The news was reported on by the Wall Street Journal on April 11. The WSJ’s sources attributed the steep decline to a drop in the value of the fund’s holdings amid […]

Cryptocurrency Payment Startup Celo Raises $25 Million from a16z and Polychain Capital

Celo, a cryptocurrency payment startup has received $25 million in investment from notable venture capital firms, the company announced in a blog post published on April 2, 2019. Among the investors include a16z Crypto, the Andreessen Horowitz-owned cryptocurrency fund and Polychain Capital. A16z Crypto and Polychain Invest in Celo According to the blog post published […]

A16z, Polychain Invest $25 Million in Crypto Payments Startup Celo

Andreessen Horowitz’s cryptocurrency fund A16z Crypto and venture capital firm Polychain Capital have invested $25 million in cryptocurrency payments startup Celo. Celo announced Tuesday that the two investors have purchased $15 million and $10 million in the project’s Celo Gold tokens, respectively. The token-based funding effort also saw participation from “several other leading institutions” from […]

CoinFLEX Launches FlexCoin after Partnering with Digital Currency Group (DCG) and Polychain Capital – BTCMANAGER

The latest launch by CoinFLEX fulfills the growing demand for a universal, scalable and secure cryptocurrency futures exchange. The company will unveil the world’s first Stablecoin-to-Stablecoin future’s contract and physically-delivered Bitcoin futures besides offering investors the power to hedge exposures with zero index or settlement manipulation risk. This according to a press statement on March […]

Digital Currency Group, Polychain Back UK Crypto Futures Exchange Coinflex

Physically delivered crypto futures exchange Coinflex has attracted two more high-profile crypto investors, Digital Currency Group and Polychain Capital, the exchange tweeted on March 12. The new investors have joined Coinflex’s investor consortium, which includes major market making and venture capital names such as Dragonfly Capital Partners, Trading Technologies and Roger Ver. In the same […]

Polychain, DCG Invest in Crypto Futures Exchange CoinFLEX

Venture capital firms Polychain Capital and Digital Currency Group (DCG) have invested an undisclosed sum in cryptocurrency futures exchange CoinFLEX. Announcing the news on Wednesday, CoinFLEX said that, with the new funding, the two firms have joined its previous backers, including Trading Technologies, Roger Ver and Dragonfly Capital Partners. CoinFLEX is launching what it calls a […]

Dharma Labs Raises $7 Million From Green Visor, Coinbase and Polychain

If ethereum is the protocol for decentralized global finance, then it’s going to need a lending tool built just for crypto. That’s the thesis of Dharma Labs, which built the Dharma protocol for decentralized lending businesses. Its first product, Dharma Lever, is in a closed alpha release now, enabling loans for traders and large crypto […]

Polychain, Outlier Ventures Back Blockchain Startup's Plan for Web 3.0

Haja Networks aims to create a new set of database protocols which will help build an infrastructure for the Web 3.0. Source link