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Investments newsIndian crypto exchange CoinSwitch Kuber is in advanced stages of talks with unspecified investors to raise a new financing round at up to USD 2bn in valuation, while more than USD 100m deal may be finalized this month, TechCrunch reported, citing “several sources familiar with the matter.” The four-year-old startup, which counts Tiger Global, Sequoia Capital India, and Ribbit Capital among its existing investors, was valued at more than USD 500m in its Series B financing round in April this year, it added.German asset manager Union Investment has revealed plans to include bitcoin (BTC) in a few of its investment funds, Bloomberg reported (via Yahoo!). They are considering adding BTC to a number of investment funds available to its private investors, with a maximum exposure of 2% of total assets for each fund, but without a fixed timeline for now.Blockchain venture capital firm Hashed is planning a second fund worth around KRW 200bn (USD 173m) in order to help blockchain companies develop, including by arranging partnerships, providing financial advice, and helping with public relations, according to Bloomberg. The VC’s investments tend to range between USD 1m and 10m per company.Crypto exchange CrossTower has set up a local unit in India and launched a trading platform, according to Reuters. CrossTower India has already hired 35 people and plans to increase headcount to 100 in six to nine months, the company said.Adoption newsCrypto platform Bitso said it’s a core service provider for Chivo, the Bitcoin wallet developed by El Salvador’s government, Bloomberg reported, adding that Bitso will work with the US federally regulated Silvergate Bank to f
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