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White Star Capital launches new $50M crypto/blockchain fund backed by Bpifrance, Ubisoft White Star Capital, better known as a VC which, in its time, has backed the likes of Digg, launchrock, Meero, Summly, and Tier, among others, is moving into the hot world of crypto and blockchain with a new $50M Digital Asset Fund. The special-vehicle fund will specialize in investing in crypto-networks and blockchain-enabled businesses and was previously going to be $30 million before raising more backing. Both Bpifrance and Ubisoft are among those institutions backing the new fund. The fund will be run by New York-based General Partner Sep Alavi and supported by Principals Thomas Klocanas in New York and Sanjay Zimmerman in Toronto. The will deploy between $500,000 and $3.0 million in initial investments into 15-20 companies with a focus on North America and Europe. ....
Fed officials say crypto volatility not an economic threat; mobile jumps in Australia paymentssource.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from paymentssource.com Daily Mail and Mail on Sunday newspapers.