Baillie Gifford Backs Crypto With $100 Million in Blockchain.com

Baillie Gifford & Co., a money manager known for early bets on technology stocks like Tesla Inc., has invested $100 million in one of the U.K.’s biggest cryptocurrency start-ups.

The Edinburgh-based firm participated in the latest funding round for Blockchain.com, according to a post on Tuesday from Peter Smith, co-founder and CEO of the crypto wallet provider.

The company allows users to buy and store digital tokens such as Bitcoin.

The $100 million is the single largest investment in Blockchain.com to date, according to Smith, and represents another stamp of approval from institutional investors for digital assets.

It comes even as critics warn that a speculative bubble is building amid record-breaking rallies in some tokens and the listing of exchange Coinbase Global Inc.

“As one of their first investments in a crypto company, we’re honored to include them on our journey,” Smith said in the post.

“It’s also a validation that a balanced and diversified retail/institutional business has incredible growth potential in the coming years.”

Baillie Gifford, which oversees $445 billion in assets, has been a prominent investor in some of Silicon Valley’s most high-profile names.

The firm, founded over a century ago, remains one of the largest outside investors in Elon Musk’s electric carmaker.

PS. In our blog pages we got hidden links where you can earn cryptocurrency for free.

Comments

Cryptocurrencies Adding to the Safety and Security in the UK Gambling Industry

These are exciting times for the UK gambling industry. The impact of internet technology is now being felt with online gambling now controlling the industry. The adoption of cutting-edge technology is reasonable for the boom in the industry. From live casinos, mobile apps to artificial intelligence, incredible trends continue shaping the gambling industry. However, it is the rise of cryptocurrency casinos that seeks to redefine UK gambling. Many operators now include crypto coins such as bitcoin, Ethereum and Litecoin as part of their banking methods. Others offer exclusive bitcoin payments and promotions based on digital tokens. This revolutionary trend has a huge impact due to enhanced safety and security on these platforms. Players looking for peace of mind when playing online now opt to use cryptocurrencies. This post looks at how cryptos guarantee the safety and security of players at online casinos. How Cryptocurrency Gambling Works There’s a lot of talk about cryptocurrency,

Coinbase to Require Recipient Information for Crypto Transfers From Users in Canada, Singapore and Japan

Customers in those countries who send crypto outside their Coinbase accounts must provide recipients’ names, addresses and in some cases, additional information, as of early April. Cryptocurrency exchange Coinbase Global (COIN) will soon require its customers in Canada, Japan and Singapore who send cryptocurrency to another financial institution or exchange to provide the name, address and in the case of Japan, the destination wallet of the recipient. Coinbase has been sending notices to its customers in those countries that the changes will take effect in early April in order to comply with local travel rules in those places. Coinbase didn't immediately respond to requests for additional comment on the moves, but confirmed that they were taking place. The move does not seem to be going over well with Coinbase customers in those countries, who value the anonymity of transactions using cryptocurrency. According to a FAQ provided by Coinbase , for Canadian users, sending more th

Farm GRASS earn MONEY

Use your Unused Internet Bandwidth to make $$$ In today’s interconnected world, the concept of passive income has taken on new dimensions, offering innovative ways for individuals to monetize underutilized assets. One such groundbreaking avenue involves earning money by selling your unused internet connection. By participating in decentralized networks like Grass, individuals have the opportunity to turn their dormant bandwidth into a valuable asset, contributing to a fairer and more equitable digital landscape while generating income. Grass is a decentralized network sharing application designed to offer an alternative to existing centralized networks. It allows users to sell their unused bandwidth directly, without the need for exploitative middlemen. The platform operates by enabling users to download a web extension that runs in the background, assisting others in accessing public web data in exchange for payment using the protocol’s native token. How to get started with GRA

Crypto Ethone

Search This Blog