Asset Manager Pimco to Extend Crypto Involvement: Report

Investment behemoth Pimco, which has over $2.2 trillion in assets under management, has dabbled in cryptocurrencies and plans to invest further, according to Chief Investment Officer Daniel Ivascyn. Ivascyn told CNBC on Wednesday that some of the fixed-income focused firm’s hedge-fund portfolios are already trading crypto-linked securities, which he described as a “starting point.” “We’re … Read moreAsset Manager Pimco to Extend Crypto Involvement: Report

Crypto Custodian Copper Eyes $2.5B Valuation in $500M Funding Round Talks: Report

Copper, a provider of crypto services for institutions, is in talks over a $500 million funding round that would give the firm a $2.5 billion valuation. The round would likely come together before the end of the year, Business Insider reported Thursday citing people familiar with the matter. The news emerges just five months after … Read moreCrypto Custodian Copper Eyes $2.5B Valuation in $500M Funding Round Talks: Report