May 17, 2020

Fundstrat launches digital currency tracker indexes for Bitcoin and alike

FS Crypto FX
Jonathan Dyble
2 min
Thomas Lee, a Wall Street strategist who predicted that Bitcoin will almost quadruple in value to $20,000 in the next five years, has created five index...

Thomas Lee, a Wall Street strategist who predicted that Bitcoin will almost quadruple in value to $20,000 in the next five years, has created five indexes to track Bitcoin and other digital currencies.

Lee has launched the software known as FS Crypto FX Indexes under Fundstrat, an independent market and sector research firm that he Co-founded. 

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Tracking as many as 630 different digital currencies, the platform divides them into five groups based on market capitalisation and trade volumes. 

These include the following:

  • FS Crypto 10 – tracks the performance of the 10 largest cryptocurrencies including Bitcoin and Ethereum.

  • FS Crypto 40 – tracks the performance of cryptocurrencies 11-50.

  • FS Crypto 250 – tracks the performance of cryptocurrencies 51-250.

  • FS Crypto 300 – tracks the largest 300 cryptocurrencies.

  • FS Crypto Aggregate – Tracks the performance of all 630 cryptocurrencies.

The technology is designed to be used by institutional investors in order to better understand the behaviour of crypto-currencies, largely due to their significant volatility. These investors can analyse the data provided and compare the relative performances of each crypto currency, indicating the health of the cryptocurrency market.

With the software being brand new, it is only designed for research purposes as opposed to investment purposes as of now, with Fundstrat reconstituting its algorithms every quarter.

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Jun 18, 2021

Start-ups receive $60 billion investment, smash 2020 record

Laura Berrill
2 min
Europe’s tech sector start-ups attracted more venture capital investment in 2021 than the whole of 2020 with the UK leading in tech policy

Start-ups on the continent have raised a massive 43.8 billion euros ($60.9 billion) in just the first six months of 2021, according to figures from Dealroom, surpassing the record 38.5 billion euros invested last year..

This is despite the fact that the number of venture deals signed so far is around half the amount agreed in 2020. Only about 2,700 funding rounds have been raised so far this year, compared to 5,200 last year.

Prime examples in times of change

Examples are Swedish buy-now-pay-later firm Klarna which has raised more than $1.6 billion in two financing rounds, the German stock trading app Trade Republic received $900 million in May and British payments provider snapped up $450 million at the start of the year.

The figures suggest that European tech firms are pulling in far larger sums of money per investment than in previous years, which defies the economic uncertainty of the pandemic and boosted online services enormously.

The CEO of, Guillaume Pousaz, said start-ups have often been created in times of crisis, citing the emergence of several new financial technology companies in the wake of the 2008 global financial crisis.

He added that big transformational change was often the time when there is the emergence of a lot of new start-ups, sometimes when people are losing their jobs for associated reasons.

UK leading the charge

Scale-Up Europe, a group that includes the founders of UiPath and Wise, proposed 21 recommendations to help the region build “the next generation of tech giants.” Among the suggestions are tax credits to corporates for investing in start-ups and regulatory changes that adapt to new innovations.

Sebastian Siemiatkowski, CEO of Klarna, said the U.K. leads Europe when it comes to tech policy, and that there were a number of regulatory issues needing to be addressed before the European Union can produce tech giants of its own.

Siemiatkowski highlighted EU regulation of web cookies as an example of “poor regulation.” Yet, as the number of $1 billion start-ups in Europe continues to grow, the number of exits in the continent is also increasing. 

This year has already seen some notable acquisitions, including Etsy’s $1.6 billion purchase of U.K. fashion resale app Depop and JPMorgan’s takeover of London robo-advisor Nutmeg.

As for stock market listings, a number of notable debuts have taken place in London in particular, including food delivery app Deliveroo, cybersecurity firm Darktrace and reviews site Trustpilot. Money transfer giant Wise, formerly known as TransferWise, plans to go public in the U.K. capital soon.


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