Ethereum
$219.28 1.72%
ETH · 6d

Hyperchain capital ready to fund the next big thing in the blockchain ecosystem!

Bitcoin ATM machine is seen in Sopot Centrum complex in Sopot, Poland on 13 September 2019 . (Photo ... [+] by Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images

Stelian Balta, the CEO of HyperChain Capital says that over the next 2 years the fund will be investing approximately $50 million into the blockchain ecosystem. In this exclusive interview, Balta shares his thoughts on contactless transactions, the current state of U.S. debt, and why he thinks that the 2020s could mark the dawn of a new era for bitcoin. 

In 2013, Balta sold a mobile games company and began investing in crypto. His first investment was in MasterCoin, he was also an early equity investor in companies like Block One (EOS), one of the largest tokens holders in the Kyber Network and participated in ethereum’s ICO. Today, HyperChain Capital is known as a veteran digital asset management firm—one of the few that actually survived the 2018 bubble burst.

Contactless transactions

Without a question, COVID-19 has sent shockwaves throughout the financial markets. In March 2020, the stock market took a massive dive. Bitcoin and altcoins followed suit as investors liquidated their investments fast in pursuit of cash. Not only has the pandemic took its toll on the economy, but also on a social level too with lockdown policies that enforced social distancing.

Stelian Balta, CEO of HyperChain Capital HyperChain Capital

As a result of COVID-19, Balta believes that this paints a strong case for the digitization of the dollar. Balta says, “There are many benefits to be had from replacing cash with digital currency. Firstly, in light of the pandemic, there’s going to be a big focus on contactless transactions in the future, which can’t be done with cash.”

Balta adds, “There are also other benefits such as instant transactions, lower fees, and greater efficiencies. We already kn...

Continue on google.com
Recent news
ETH +1.72% · medium.com · 4h

Axie Infinity: Land Dev Update!

Axie Infinity is a grand experiment for a new type of game — one that gives more ownership and voice to its players. Our community is an integral, driving force within Axie and this update will start…
ETH +1.72% · cointelegraph.com · 4h

Greyscale’s bullish moves

Independent researcher Kevin Rooke estimates that Grayscale has ramped up its Bitcoin accumulation to a rate equivalent to 150% of the new BTC created since the halving
ETH +1.72% · cointelegraph.com · 5h

Brave vs. Zoom

Brave has launched in-browser video calls featuring end-to-end encryption
ETH +1.72% · placeholder.vc · 6h

Magic Authentication — Placeholder

Magic is a passwordless authentication system. It starts with “magic links,” where you’re e-mailed a login link instead of providing the usual username and password. Magic makes it quick and easy ...