Fairfax County Invests Total of $21 Million in Blockchain VC Fund
Fairfax County Retirement Systems has released details about its investment in a blockchain fund, apparently to quell fears about it.
CEO Mark Yusko said that "zombie companies" have left the Fed no choice but to devalue the dollar, prompting investors to turn to bitcoin and gold.
The two Fairfax County, Virginia, pension funds invested only 0.5 percent in crypto and blockchain last year.
Upstart crypto exchange LVL wants to take on U.S. giants by removing trading fees. The move comes as bitcoin touches new all-time highs.
Morgan Creek Digital raised the first $50 million for its second venture capital fund from the same two large institutional investors in its first.
Blockchain-based home equity loan startup Figure Technologies has raised $65 million in a round backed by Morgan Creek.