# Bitcoin is a ‘disgusting’ product that comes ‘out of thin air,’ says Charlie Munger

# Bitcoin is a ‘disgusting’ product that comes ‘out of thin air,’ says Charlie Munger

“# Bitcoin is a ‘disgusting’ product that comes ‘out of thin air,’ says Charlie Munger ” Charlie Munger, billionaire investor and vice chair of Warren Buffett’s Berkshire Hathaway conglomerate, did not mince words when it came to describing his feelings on crypto. In the Berkshire Hathaway Annual Shareholders Meeting streamed live on Saturday, Munger addressed…

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# Coinbase to acquire Skew crypto data analytics platform

# Coinbase to acquire Skew crypto data analytics platform

“# Coinbase to acquire Skew crypto data analytics platform ” United States cryptocurrency giant Coinbase is acquiring institutional-grade blockchain data analytics platform Skew. Greg Tusar, vice president of institutional products at Coinbase, announced the news Friday, stating that the new acquisition will help customers make more informed trading decisions by using real-time data analytics. “We’re…

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# Rally, GlobeDX and SingularityDAO highlight active week for crypto raises

# Rally, GlobeDX and SingularityDAO highlight active week for crypto raises

“# Rally, GlobeDX and SingularityDAO highlight active week for crypto raises ” Blockchain projects Rally, GlobeDX and SingularityDAO concluded highly successful private sales this week, offering further evidence that smart-money investors were still eyeing up-and-coming digital asset plays.  Rally, the so-called “crypto for creators” platform, raised $57 million for its community treasury through the sale…

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# Tim Draper-backed crypto derivatives exchange raises M

# Tim Draper-backed crypto derivatives exchange raises $18M

“# Tim Draper-backed crypto derivatives exchange raises $18M ” A new global cryptocurrency derivatives exchange, Globe Derivative Exchange — or GlobeDX — continued its preparation for the platform’s launch by securing another major raise. GlobeDX announced Wednesday that the firm successfully raised $18 million through a new funding round featuring investors like seed money startup…

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# Huobi Group launches 4 crypto funds targeting 0M in assets

# Huobi Group launches 4 crypto funds targeting $100M in assets

“# Huobi Group launches 4 crypto funds targeting $100M in assets ” Huobi Technology Holdings — a part of the Huobi Group, which includes leading Seychelles-based cryptocurrency exchange Huobi Global — has launched four digital currency funds targeting $100 million in assets by September, setting the stage for wider institutional adoption.  The company said it…

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# Multi-billion dollar investment trust backs Kraken ahead of possible listing

# Multi-billion dollar investment trust backs Kraken ahead of possible listing

“# Multi-billion dollar investment trust backs Kraken ahead of possible listing ” The $5.3 billion dollar investment trust RIT Capital Partners has acquired a stake in leading crypto exchange Kraken. The London based-trust, formerly named Rothschild Investment Trust, holds ties to the Rothschild banking family of England through Chairman Jacob Rothschild. In an April 12…

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