Huobi wants to become a so-called decentralized autonomous organization, where traditional management structure is replaced with code and community based decision making
Venture capitalist funding in blockchain-based companies is surging, with startups raising $434 million since December, the most ever in a three-month period, according to CoinDesk data.
Telegram is seeking $850 million in a private sale of tokens to large investors this month and $1.15 billion in a subsequent public ICO in March.
The fund’s creation is further sign of growing interest in the sector after 84 crypto hedge funds have opened this year.
Japanese broker and VC firm SBI Holdings Inc. tops the list, with investments in eight blockchain companies.
As recently as December, bitcoin was trading at less than $1,000.