Investcorp, a global manager and provider of alternative investment products, has recently announced that it is launching eLydian Lion, the first institution-dedicated blockchain fund based in GCC. The fund, regulated by Investcorp’s Abu Dhabi office, will be extended worldwide and will focus on investments in companies ruling the next digital evolution based on blockchain technology.

According to sources, the blockchain fund is expected to empower investors to increase their knowledge and initial experience of the rapidly growing blockchain ecosystem, which is at the vanguard of the digital transformation of the economy.

It will

SeaX Ventures, a VC fund investing globally in early-stage companies based in Thailand, has recently secured funds worth $60 Million to support the growth of international startups. The Thai government has put a proposal on the table at the beginning of this year, signifying the enactment of 15% taxes on capital gains.

As per recent reports, SeaX Ventures collected $60 Million for assisting global startups in enlarging their activities in Southeast Asia. The organization first acclaimed the target of $50 Million but then got pushed to a new amount.

According to the firm, the funds will be used for blockchain technology and Web3 and fast

Cryptocurrency is here to stay for long, which may not be good news for the environment given to its continuous mining process. Some companies are working towards addressing this issue by building chips that can simplify energy-efficient blockchain hashing.

U.S. tech major, Intel has recently made some thrives in this area by unveiling its new Intel Blockscale ASIC (application-specific integrated circuit) which offers the delivery of streamlined hashing for proof-of-work consensus networks.

Commenting on the new chip, Balaji Kanigicherla, Intel Vice President and General Manager of Custom Compute in the Accelerated Computing Systems an

MacroStrategy, the recently formed subdivision of MicroStrategy, has reportedly taken a loan of around $205 million for buying more Bitcoin.

According to the firm's filing with the US Securities and Exchange Commission (SEC), the three-year loan is supported by the Bitcoin worth around $820 million, which MacroStrategy already has in its reserves and counts for only around 12% of its overall cryptocurrency holdings.

Around $410 million is required to be held as collateral. The custodian of the amount is yet unspecified but is authorized mutually by both the firm and crypto-focused Silvergate Bank.