biCredit dispatch:Cryptology plans to invest $100 million in crypto funds
According to CoinDesk, Cryptology Asset Group, a European investment firm founded by billionaires Mike Novogratz and Christian Angermayer, plans to inject about $100 million into crypto venture capital funds over the next two years. According to Thursday’s press release, Cryptology Asset Group will take an entrepreneurial approach to replenishing its fund portfolio and keep a close eye on first-time crypto funds, emerging fund managers and seed funds. According to fintech and crypto entrepreneur Angermayer, the company will invest globally and take equity stakes in blockchain and crypto-related businesses.
Winklevoss Brothers: Ethereum could hit $5,000 to $10,000 by year’s end and $40,000 in the long term
According to Cryptoglobe, Gemini founder Winklevoss twins predict that Ethereum’s long-term price could reach $40,000. They note that Ethereum has a price target of between $5,000 and $10,000 by the end of the year, but in the long run it will grow much more than that, perhaps even by a factor of 10.
The latest news…
1. Google rescinded its 2018 policy banning cryptocurrency exchanges and wallets from advertising.
2. Fed Hacker: Central bank digital currency system will eventually happen.
3. The Fed funds rate rebounds and the prospect of the Fed changing its management rate is in doubt.
4.IOTA Foundation announces the launch of Nectar DevNet, marking a new milestone in IOTA 2.0 roadmap.