Yale University likes to invest. Whether it is the Puerto Rican bonds or timber initiatives in New Hampshire, matters little for the institution which is now not just eyeing the crypto market but also spending money on it.

Bloomberg reports that the school is one of the investors in a digital asset fund called Paradigm which has already raised $400 mln from various sources. The information has been obtained and shared by a person who is willing to remain anonymous. The insider did not tell the exact sum received by Paradigm from Yale.

Paradigm has been recently started by Fred Ehrsam, Coinbase Inc., former Sequoia Capital partner Matt Huang, and Charles Noyes, an ex-employee of crypto fund Pantera Capital. The latter emphasized in June that the fund plans to invest in early-stage projects focused on cryptocurrencies, new blockchains and exchanges.

Bloomberg notes that Yale is one of the few institutions which is investing into the crypto market at the moment. The latter is suffering from various instances of market manipulation and lack of regulation.

“Ninety-six percent of endowments and foundations responding to a survey by consulting firm NEPC in February said they don’t invest in digital currencies,” says Bloomberg and adds that close to 60% of Yale’s impressive 30 mln investment pool is going to be spent on alternative investments in 2019.

The lack of regulation which Bloomberg points out is indeed a recurrent theme in the cryptoworld. In light of this, in August, the Gemini Crypto Exchange decided to host a working group in September 2018 to discuss the formation of a self-regulatory organization.

Besides, the market continues to be highly susceptible to volatile behavior not least because of abundant predictions from prominent market players.

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A warm hello from Ukraine! My name is Lesia, I am a journalist, writer, political scientist, and crypto enthusiast. Before joining AltcoinBuzz in May I knew nothing about crypto, I was in the dark (it was very gloomy indeed). I was all skeptic and suspicious. But then one day, probably in June-July when I was doing a podcast with James and Matt, I finally grasped the concept in full. That is when I truly started to enjoy it thoroughly. I am a big believer in crypto and blockchain. There is no doubt that it is the future. But be patient, it needs time, like a fine Chardonnay. However, if you want to know when the next bull run is happening, I highly recommend asking Luc Lammers. He will definitely spill the beans! xxx

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