Hedge Fund News From HedgeCo.Net

A Billionaire Hedge-Fund Manager and The Fed Chair Runner-Up Are Investing in a New Cryptocurrency

(CNBC) Billionaire Stanley Druckenmiller and Fed chair runner-up Kevin Warsh have invested in a cryptocurrency project called Basis, along with many other investors, the company said Wednesday.
Bain Capital Ventures said it led the $133 million private placement, which was the private equity firm’s first purchase of cryptocurrency tokens. Other investors included Alphabet’s GV venture capital arm and Andreessen Horowitz.

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