Google invests $1.5bn in crypto companies, new data reveals

Discussion in 'Crypto Assets' started by johnarb, Aug 18, 2022.

  1. johnarb

    johnarb

    Prolly nothing...


    https://www.independent.co.uk/tech/google-blockchain-alphabet-bitcoin-b2146844.html


    Google invests $1.5bn in crypto companies, new data reveals

    US tech giant poured more money into blockchain and cryptocurrency startups than any other public company

    Anthony Cuthbertson
    8 hours ago

    Google’s parent company Alphabet invested more than any other public firm in blockchain and crypto companies between September 2021 and June 2022, according to a new report.

    Figures compiled by market intelligence firm Blockdata revealed the US tech giant poured $1.5 billion into the space over nine months, focussing on just four blockchain companies: Fireblocks, Dapper Labs, Voltage and Digital Currency Group.

    Other major investors included financial firms BlackRock and Morgan Stanley, who invested more than $2 billion combined, as well as South Korean electronics behemoth Samsung, who invested nearly $1 billion across 13 blockchain companies.

    The 40 public companies tracked by Blockdata between September and June invested approximately $6 billion into a total of 61 blockchain and cryptocurrency startups.

    Banks and financial institutions made up a large proportion of the public companies investing in the technology, with Blockdata noting that the corporations are exploring specific use cases that complement their core offerings.
    “Banks have started to increase their exposure to crypto and blockchain services given increased client demand,” Blockdata wrote in a blog post.


    “This has led them to make investments in crypto custody, asset management, and trading. As for traditional corporations (Samsung, Microsoft, etc.), they are already supportive of the blockchain landscape, as indicated by the funding trend over the years. Now, it is a matter of finding innovative companies and portfolios that add value to their core business growth and consolidation.”

    Many of the companies that received investment offer some form of nonfungible token (NFT) technology, the data shows, with funding going towards Web3 solutions for industries including gaming, arts and entertainment.
     
  2. So you finally found who is pumping your coins, ehh
     
    d08 likes this.
  3. custody of what ?

    most absurd mass delusion in all human history
     
  4. Nobert

    Nobert

    A truly significant investment.

    Less than 0.1% of their market cap.
     
  5. gkishot

    gkishot

    Why do you hate crypto world so much?
     
    maxinger and johnarb like this.
  6. Baron

    Baron ET Founder

    He's only been given about 17,000 examples, reasons, explanations, and article references on this site regarding how crypto works and why the entire planet is embracing it on a daily basis so the only thing I can figure is that he has no desire, or ability, (or both) to understand it on even the most basic level. And that's why you see him and others posting nothing but half-sentence insults at anything regarding crypto. There's no way that anyone with an open mind can study crypto and come away with the opinion that it has no use or value and that the entire system is a useless scam. An opinion like that only comes from a cynical mind that refuses to learn, grow, and accept that the world is changing.
     
    Last edited: Aug 18, 2022
    johnarb, Sprout, Tokenz and 3 others like this.
  7. d08

    d08

    To me crypto is just the dot com era in the 1990s, the technology is here to stay but it's too early and it's way too immature. It's likely to be a mainstream thing in a decade from now.
     
    DevBru and qlai like this.
  8. maxinger

    maxinger

    He is forever angry/ frustrated / disappointed due to whatever reasons.

    Such negative emotions really shorten one's life
    and cause great harm to one's trading.

    always be thankful to crypto lenders/manipulators/exchanges .... for trading opportunities.
    always be thankful to manipulators for trading opportunities.
     
    Sprout, Tokenz and gkishot like this.
  9. There are MANY legitimate criticisms and concerns about crypto, especially at this very early stage ... problem is @JackMorgan can't articulate any of them so all we get is weird insults.
     
    johnarb, Sprout and gkishot like this.
  10. JM is hilarious. Reminds of the 'old man yelling at sky' meme.
    thanks for the lol, Jack.
     
    #10     Aug 18, 2022
    johnarb likes this.