Types of investments
AeroPay and Jane Technologies announced Thursday a partnership to enable online payments via AeroPay across 36 U.S. state markets where cannabis is legal. More than 2,100 dispensaries and 300 companies sell through Jane’s online platform.
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In a speech on Wednesday, Jon Cunliffe of the Bank of England called for tough regulations on cryptocurrencies, drawing a parallel between the $1.2 trillion subprime mortgage market in 2008 and the growth of the crypto market from a mere $16 billion five years ago to its $2.3 trillion capitalization today.
Tata Motors (NSE: TATAMOTORS), the automobile company of the Tatas, the Indian salt-to-airlines business conglomerate, will receive an investment of approximately $1 billion from TPG’s Rise Climate Fund and Abu Dhabi state holding company ADQ in a new EV entity. Tata Motors will invest over $2 billion in the unit.
Bitcoin, the leading cryptocurrency, is within handshaking distance of its April all-time high of $64,895 after spiking over the last 24 hours on rising market expectations of an imminent SEC approval for a futures-based bitcoin ETF.
In an eerily similar replay of a 2019 incident in which the CEO of a UK-based energy company transferred €220,000 (then about US$243,000) based on a telephonic instruction from a person that sounded like his boss, a UAE bank manager in 2020 paid out $35 million based on deep-faked, AI-cloned calls that he believed were from a client’s CEO.
MintGreen, a Canadian cleantech cryptocurrency miner, will supply 2022 its proprietary digital boilers to Lonsdale Energy Corporation, North Vancouver’s district energy utility. These boilers recover more than 96% of the electricity used for bitcoin mining in the form of heat energy. This heat would be delivered to the 100 residential and commercial buildings in North Vancouver, a city that is on a mission to decarbonize and transit away from natural gas.
Alternative Investments/Digital: Cathie Wood’s ARK Invest Partners With 21Shares For Bitcoin Futures ETF
Cathie Wood’s ARK Invest has lent its brand name to the ARK 21Shares Bitcoin Futures Strategy ETF which will trade under the ticker symbol ARKA on the CBOE BZX Exchange, according to a filing Wednesday. While Philadelphia-based, white-label ETF issuer Alpha Architect will act as adviser to the ETF, cryptocurrency asset manager 21Shares will be sub-adviser. ARK will lend marketing support.
Standard Chartered Bank (LON: STAN) has dipped its toes into Asian BNPL waters and signed a 10-year collaboration on financial services with Singapore’s Atome Financial, a unit of the Advance Intelligence Group. The Bank is making an equity investment in Atome, a BNPL platform focused on markets in Southeast Asia, as well as in Indonesian digital lending platform Kredit Pintar. It will also provide $500 million in financing to Atome.
U.S. bitcoin miner Cipher Mining (NASDAQ: CIFR) announced this week its agreement with Bitfury Top HoldCo B.V. to purchase 4,000 to 8,000 Bitfury next generation mining rigs on a monthly basis between June and December 2022.
The transaction values the company at more than $3 billion. Celsius Network, the platform founded by Alex Mashinsky for borrowing and lending crypto, announced its raise of $400 million led by WestCap, a growth equity firm, and Caisse de dépôt et placement du Québec (CDPQ), the Canadian pension fund. (CISION PRNewswire) The investors were undeterred…
At the Deeep Ai Art Fair in Shoreditch, East London, hangs a 3-D printed, AI-generated canvas depicting a nude woman painted by Pablo Picasso. The image, now dubbed The Lonesome Crouching Nude, is an AI-rendered work created by Oxia Palus from a work hidden beneath the oil paint of Picasso’s The Blind Man’s Meal (1903). The ghostly nude woman, which had been painted over by Picasso, was originally discovered in 2010 using superimposed X-ray fluorescence (XRF) imaging.
BetaShares is to launch the BetaShares Crypto Innovators ETF (ASX: CRYP) on the ASX. The fund will track the Bitwise Crypto Industry Innovators Index (BITQ).
Digital Assets: Binance Smart Chain Launches $1B Growth Fund For Blockchain Development And Adoption
The fund will invest in the development of an ecosystem for the Binance Smart Chain. Binance, the world’s largest crypto exchange and creator of the Binance Smart Chain (BSC), has announced a $1 billion growth fund to boost adoption of BSC for decentralized applications, or dApps. Describing it as one of the best blockchains for…
Lendable Inc, a fintech that provides credit to fintechs in emerging markets, announced Tuesday the launch of a $100 million closed-ended fund focused on emerging and frontier market fintech investments. The fund would provide credit to African and Asian fintech companies, who in turn offer fair credit facilities to over 150,000 Micro, Small, and Medium Enterprises (MSMEs).
IBM (NYSE: IBM) has launched an Environmental Intelligence Suite, software that is a combination of AI, weather data, climate risk analytics, and carbon accounting capabilities. The suite helps organizations assess the climate impact of their own operations, assists in regulatory compliance, and to monitor for severe weather, wildfires, and air quality.
Bakkt announced today a tie-up with Google (NASDAQ: GOOGL) to allow Bakkt users to add their virtual Bakkt Visa Debit Card into Google Pay to purchase everyday goods and services online, in-store, or wherever Google Pay is accepted. A user’s Bakkt crypto balance, such as bitcoin, would be converted into a fiat currency, such as dollars, to facilitate the payment.
Public.com, the stock trading app, social network, and rival to Robinhood (NASDAQ: HOOD), has added functionality to trade bitcoin, ether, cardano, dogecoin, litecoin, bitcoin cash, stellar, ethereum classic, dash, and zcash on its app.
The SEC approved on October 5 a new ETF that provides investors exposure to companies that hold a majority of their net assets in bitcoin or derive a majority of their profit or revenue from bitcoin-related activities.
Digital alternative investment platform Yieldstreet announced Thursday the launch of its new venture capital focused platform that allows retail investors exposure to private companies and start-ups that are disrupting existing sectors of creating entirely new ones. The move reflects the increasing demand for alternative investments to be made available easily to retail investors. Returns on venture capital in 2020 were more than 50% and have averaged 32% over the past 25 calendar years.
Audibel, a leading providing of hearing healthcare, has launched Arc AI, a full new line of AI driven hearing aids that provide exceptional sound quality through an AI algorithm that automatically adjusts hearing aids to the wearer’s environment.
Riot Blockchain (NASDAQ: RIOT), the listed bitcoin mining company, said it produced 2,457 bitcoin during the year to date through September 2021. Compared to its production of 731 bitcoins in the same period in 2020, the company has boosted production by 236%.
Five Seasons Ventures, the European venture capital firm seeking to finance foodtech startups that have a quantifiable, beneficial impact on the planet and/or human health, announced the close of a a €180 million Fund II.
ETF Securities, the Australian fund manager that brought the first physically-backed gold ETF to the world in 2003, has launched a thematic equity ETF to target the world’s leading hydrogen companies. The ETFS Hydrogen ETF (ASX: HGEN) tracks the Solactive Global Hydrogen ESG Index.
USA Today broke the story Wednesday that Target Corporation (NYSE: TGT) is offering its shoppers instalment payment (BNPL) options from Affirm (NYSE: AFRM) and Sezzle (ASX: SZL) ahead of the holiday season.