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- One River Asset Management, a hedge fund specializing in volatility bets, has already invested over USD 600m in cryptoassets and has commitments that will bring its holdings of bitcoin (BTC) and ethereum (ETH) to about USD 1bn as of early 2021, Bloomberg reported, citing CEO Eric Peters, who joined forces with prominent investor Alan Howard, Co-founder of Brevan Howard Asset Management. In addition to investing in One River Digital’s funds, Howard is also buying a stake in the business.
- American Express Co.’s venture arm, American Express Ventures, has invested in the FalconX cryptocurrency trading platform. Per the press release, the company has added to the USD 17m in funding FalconX announced in May 2020, by joining existing investors Accel, Accomplice VC, Coinbase Ventures, Fenbushi Capital, Flybridge Capital Partners, Lightspeed Venture Partners, and Avon Ventures, a venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments.
- Canadian investment management company CI Global Asset Management has completed the previously announced, USD 72m initial public offering (IPO) of CI Galaxy Bitcoin Fund. The Fund will invest directly in bitcoin with its holdings of BTC priced using the Bloomberg Galaxy Bitcoin Index, it said.
- The Chicago Mercantile Exchange (CME) will launch CME Ether futures, a futures contract on ETH, on February 8, 2021. Each contract will have 50 units of ETH, and the derivative product will be open to trade Sunday to Friday, 5:00 pm – 4:00 pm CT, said the exchange. Joining BTC futures and options as part of CME Group’s suite of cryptocurrency risk management tools, ETH futures will be cash-settled and based on the regulated CME CF Ether-Dollar Reference Rate.
- Kraken said that it will be launching Bitcoin Lightning integration in 2021. They announced that they’ll be hiring a team next year to focus specifically on the Lightning Network, and that they expect to allow clients to withdraw and deposit bitcoin on Lightning in the first half of 2021.
- Cboe Global Markets plans to launch cryptocurrency indexes in Q2 2021. The market operator and global trading solutions provider has announced it has signed an exclusive licensing agreement with trading software firm CoinRoutes to disseminate its market data and create potential derived data and analytics products using its RealPrice data, they said in a press release. It added that Cboe expects to offer fee liable RealPrice data on its CSMI Cryptocurrency (CCCY) channel by the end of the first quarter next year.
- Major institutional crypto mining company Genesis Mining has announced the launch of a new pilot project that will focus on recycling excess energy waste from crypto mining facilities into sustainable heat and energy to…