The following is an excerpt from rt.com | April 9, 2018 |
Despite the dramatic collapse of the crypto market this year, well-known investors have opted to buy into digital currencies, triggering a brief surge in the prices of top tokens.
Reports have emerged that George Soros is preparing to invest in digital assets, despite his earlier criticism of them. Adam Fisher, who controls macro investing at Soros Fund Management, has reportedly secured internal approval to trade the currencies.
The Rockefellers have also reportedly joined the crypto party. Venrock, the official venture-capital arm of the family, reportedly signed a partnership with Coinfund, a cryptocurrency investment fund, to back virtual tokens and blockchain business innovations.
Coinfund has recently launched token-based financial services platform Coinlist. The company had previously initiated a number of projects, including chat messenger app Kik, which raised almost $100 million in the Initial Coin Offering (ICO) last year.
“We wanted to partner with this team that has been making investments and actually helping to architect a number of different crypto economies and crypto token-based projects,” said David Pakman, partner at Venrock, as quoted by Fortune.
For more visit: rt.com