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Google’s parent company participates in multimillion-dollar investment in cryptocurrency company

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Japanese group SoftBank and Alphabet (parent company of Google) participated in a $700 million investment round in Digital Currency Group (DCG), owner of Grayscale, causing the company to achieve a valuation of $10 billion, according to the Wall Street Journal (WSJ).

Marcelo Claure, CEO of Softbank Group International described DCG’s shares as, “basically, the single best asset that gives us the diversity of exposure to crypto, from A to Z”.

DCG is one of the largest companies in the cryptocurrency industry, operating as the parent company of crypto news site CoinDesk, crypto brokerage Genesis Global, investment firm Grayscale (which operates the Grayscale Bitcoin Trust or GBTC), among others.

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This Monday (1st), the WSJ announced that SoftBank led the collection through its Vision Fund 2 and its Latin America Fund. The Japanese investment group was joined by Alphabet’s GIC Capital and Capital G growth fund.

The fundraising structure that, through the sale of DCG shares, allowed the company’s initial investors to close out their positions, according to Barry Silbert, CEO and founder of DCG, said in an interview with the WSJ.

Silbert added that the company has no ambitions to be listed on the stock exchange. “It’s just not in progress. It’s not even being discussed,” he said.

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FTX Collection

The latest DCG proceeds are further proof of what has already been a phenomenal year for companies investing in crypto.

Crypto brokerage FTX, for example, raised more than $420 million in October, boosting the company’s valuation to $25 billion.

In the third quarter of this year, crypto brokerages raised a total of $6.5 billion, breaking the previous quarter’s record of $5.13 billion. The most active investors for the third quarter include Coinbase Ventures, Animoca Brands and Polychain Capital.

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MicroStrategy’s Michael Saylor Drops Important Announcement About Scams

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It seems that MicroStrategy’s Michael Saylor has an important announcement to make and he used his Twitter account to tell the following to his followers.

Check out his tweet below.

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Anthony Pompliano hopped in the comments and said: “We have also been reporting that specific video scam to no avail. Very frustrating.”

Someone esle wrote: ‘I have specifically reported this to @YouTube several times, and kept track of it afterwards, it was not taken down. But 10+ seconds of copy right music on your live stream and a robot will notify you…”

Another commenter said: “@YouTube are only great at shutting down legitimate accounts but are useless against scam accounts especially if you point it out to them. They do not have good intentions.”

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Saylor is praising Bitcoin

Not too long ago we were revealing that MicroStrategy’s Michael Saylor continues to support Bitcoin after his firm accumulates the king coin in all moments.

Check out the latest tweet that he shared about the king coin.

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At the moment of writing this article, BTC is trading in the green, and the coin is priced above $64k.

It’s been just revealed that the popular on-chain analyst Will Clemente thinks certain metrics indicate Bitcoin (BTC) is just now entering the main phase of the bull market.

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Here’s What’s Next for Polkadot, The Sandbox and Three Low-Cap Altcoins, According to Crypto Analyst

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A popular crypto strategist and trader is mapping out the levels where Polkadot, The Sandbox and three other low-cap altcoins could bounce and potentially carve out bottoms.

The crypto analyst known in the industry as Altcoin Sherpa tells his 152,600 Twitter followers that interoperable blockchain Polkadot (DOT) might see an influx of demand once it taps the 200-day exponential moving average (EMA), which is currently hovering at $32.

“DOT: More consolidation expected at the $30-$40 range. 200-day EMA should be support here.”

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Source: Altcoin Sherpa/Twitter

Next up is blockchain-based gaming ecosystem The Sandbox (SAND). According to Altcoin Sherpa, he’s looking for SAND entries around $5.

“Probably one to buy the dip on. The strongest coins get bought back up the fastest.”

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Source: Altcoin Sherpa/Twitter

The third altcoin is CRO, the cryptocurrency that powers the Crypto.com payment, trading and financial services platform. According to Altcoin Sherpa, a low timeframe support might provide some relief for CRO.

“CRO: patiently waiting for $0.60.”

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Source: Altcoin Sherpa/Twitter

Another coin on the trader’s list is Oasis Network (ROSE), a smart contract platform that prioritizes privacy for open finance. The crypto analyst says he’s expecting ROSE to carve out a bottom around $0.29.

“Good first reaction to the 0.618 [Fibonacci level]. It’s likely this makes a lower high if it continues up strongly. I would rather see this consolidate for a bit at 0.618 and then form a solid bottom for continuation.“

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Source: Altcoin Sherpa/Twitter

The last coin on Altcoin Sherpa’s radar is payments infrastructure platform COTI. The crypto analyst says that COTI is currently respecting the 200-day EMA as support ($0.37) but adds that a new sell-off event can push the token down to $0.30.

“First good tap of the 200-day EMA. I think that this one will find a short-term bottom around here. More support at the 0.618 [Fibonacci level] though.”

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Source: Altcoin Sherpa/Twitter

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Elon Musk’s Brother Claims Web3 Could Unlock $100 Billion Per Year for This Segment

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Restauranteur, chef and entrepreneur Kimbal Musk indicates yet another unusual use case for decentralized industry.

Innovator and visionary, baord member of Tesla Inc. and SpaceX, Kimbal Musk is certain that Web3’s ethos and practices can be of great use in philanthropy.

“$100,000,000,000 per year just in America”

Kimbal Musk has taken to Twitter to share that the implementation of Web3 in philanthropy could unlock twelve-digit funds for the philanthropy segment.

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This jaw-dropping sum can be added to the volume of money in this sphere just in the United States, let alone in other countries. Bringing decentralized instruments to charity can significantly advance its resource-efficiency.

Namely, Web3 tools are going to eliminate the unnecessary elements of bureaucracy from this trending sphere.

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Mr. Musk’s Twitter audience agreed with his statement, while some commentators added that Web3 instruments could eliminate corruption—not only bureaucracy—from philanthropy.

Crypto and charity: long road ahead

In 2021, numerous charity initiatives somehow utilize Web3 instruments. Typically, major charity foundations add mainstream cryptocurrencies as payment tools.

As covered by U.Today previously, DeFi project Munch created a purpose-made platform for The Giving Block charity conglomerate that features 200 non-profits.

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Also, many NFT products are conducting charity giveaways. Namely, Binance and Tron-backed APENFT co-hosted the Charity Mystery Box event to support environmental charities One Tree Planted and Koala Clancy Foundation.

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