Image Image Image Image Image Image Image Image Image Image Image Image

| August 17, 2018

Scroll to top

Top

Fund Archives -

Pantera Capital Already Raises Over $70 Million for Its Third Crypto Fund

August 16, 2018 |

Pantera Capital Already Raises Over $  70 Million for Its Third Crypto Fund

Pantera Capital, one of the largest US-based institutional holders of cryptocurrencies, has already raised more than $ 70 million for its third crypto fund. And the first investment by Pantera Venture Fund III went to Intercontinental Exchange’s Bakkt.

Also Read: The Daily: McAfee’s “Unhackable” Wallet Is Doomed, Coinbase Wants to Be Your ID

$ 175 Million Crypto Venture Fund

Pantera Capital Already Raises Over $  70 Million for Its Third Crypto FundPantera Capital, a Menlo Park, California based cryptocurrency investment fund, is reportedly looking to raise up to $ 175 million for its third venture fund. This will make Pantera Venture Fund III much bigger than its predecessors, which were closed at just $ 25 million and $ 13 million respectively.

And SEC filings show the firm already got $ 71,445,000 in capital commitments from ninety investors. Pantera partner Paul Veradittakit told Techcrunch that this figure is just a “first close,” and explained that the much larger target amount is a “function of how fast the space is moving, the talent coming in, the opportunities, and the sizing of rounds. With more interesting later-stage investments [on our radar], too, we want to be flexible and able to move with the market.”

Bullish on Bakkt

The company also revealed that on its blog that, Pantera Venture Fund III’s first investment “could result in one of the most important developments in blockchain history.” The fund is one of the founding investors in Bakkt,Pantera Capital Already Raises Over $  70 Million for Its Third Crypto Fund the recently-announced subsidiary of the parent of the New York Stock Exchange — Intercontinental Exchange (NYSE: ICE).

Pantera Capital wrote: “The potential ripple effect of Bakkt’s success could reverberate across the Blockchain ecosystem by expediting commercial use and widespread institutional adoption. This is the first of several exciting projects the Pantera investment team has identified for Venture Fund III. In alignment with our Venture Funds I and II investment strategies, Bakkt, as well as the two other projects in our pipeline, reflect a continued focus on infrastructure.”

Last month it was reported that Pantera Capital has generated a more than 10,000% lifetime return since launching in 2013. Its past portfolio includes many exchanges such as Bitstamp, Bitoasis, Bitpagos, Bitpesa, Coins.ph, Coinsuper, Koinex, Korbit, Paradex, and Ripio.

Is this a sign that investors are expecting a strong market recovery? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Pantera Capital Already Raises Over $ 70 Million for Its Third Crypto Fund appeared first on Bitcoin News.

Bitcoin News

PR: Keynote Launches $6 Million Diversity and Inclusion Fund for the Global Blockchain Industry

August 14, 2018 |

Keynote Launches $  6 Million Diversity and Inclusion Fund for the Global Blockchain Industry

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Keynote Launches a new fund to support diversity and inclusion in the development and use of blockchain technology.

Keynote​ is thrilled to launch a new $ 6 million Fund to support diversity and inclusion in the blockchain industry. The fund exists to ensure everyone has the opportunity to play an active role in the development and evolution of blockchain and opportunities to work and develop in blockchain are open to all regardless of age, disability, gender identity or gender expression, race, ethnicity, religion or belief, sex, sexual orientation or any other equality characteristic.

This year, Keynote are particularly encouraging applications to speak, volunteer and attend the World Blockchain Forum London from young people, women and people and people with disabilities as these groups are currently under-represented in the blockchain industry. These opportunities are aimed at those who will benefit most from this opportunity and who might not otherwise have the opportunity to develop their careers and knowledge within the industry. Applications to speak, volunteer or attend will be accepted on a rolling basis and will close on Friday 17 August 2018.

Keynote’s founder and CEO, Moe Levin, commented:
Digital currencies and blockchain, are intended to be democratizing and equalising and it’s really important the industry is representative of the population across globe. Diversity is the basis for collective achievement, and we therefore need more people to join the blockchain conversation. The range of perspectives and experience diversity brings is an asset to the blockchain industry.”

Over the last six years Keynote has invested $ 3 million into the education of young people in blockchain in marginalized and underserved populations. This Fund will now enable Keynote to continue and extend its support to ensure the blockchain industry is inviting perspectives from a diverse range of people from across the globe to activate new ideas, conversations and educative experiences

Keynote Chief of Communications, Amandah Hendricks says:
“It’s important to understand this fund exists not only to both support diversity in blockchain technologies, it’s also about bringing more people into the general cryptocurrency conversations. Awareness and good communication are key to a more diverse and inclusive environment and this will be a big focus at this year’s World Blockchain Forum in London. We are looking to support new and fresh perspectives and give a voice to everyone.”

The $ 6 million Fund will be officially launched at this year’s World Blockchain Forum held in the heart of London at the Old Billingsgate. Tickets are available at: ​london.keynote.ae/tickets​ and a full list of confirmed speakers and the agenda can be found​ ​here​.

For expressions of interest, please contact Amandah Hendricks, Chief of Communications, at amandah@keynote.ae​. Applications will be accepted on a rolling basis and will close on Friday 17 August 2018.
If you would like to be a part of facilitating global change via blockchain education through a ​partnership with us, please contact Amy Issersohn, Chief Strategy Officer, at amy@keynote.ae.

About Keynote

Keynote was launched in 2012 by blockchain strategist Moe Levin. Further information and details about Keynote and the event can be found at:​ ​london.keynote.ae

The World Blockchain Forum is the world’s largest two-day blockchain conference and will feature a star-studded lineup of over 100 world class presenters including a special fireside chat with influencers who have been part of some of the largest ICOs to date. The focus is on blockchain technology; specifically investments, successful past and future icos within the industry, legal implications and regulations, and how decentralization is disrupting the banking industry.

For media inquiries, please contact Amandah Hendricks Chief of Communications, at
amandah@keynote.ae

Supporting Link
https://london.keynote.ae

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Keynote Launches $ 6 Million Diversity and Inclusion Fund for the Global Blockchain Industry appeared first on Bitcoin News.

Bitcoin News

Elon Musk: Saudi Fund Asked About Taking Tesla Private

August 13, 2018 |

Tesla’s Elon Musk said he has been in talks with a Saudi sovereign-wealth fund about taking the electric-car maker private and believes two-thirds of shareholders would remain with the company.
WSJ.com: US Business

Saudi fund said to be in talks to invest in Tesla buyout deal

August 12, 2018 |

Saudi Arabia’s sovereign wealth fund is in talks that could see it becoming a significant investor in Tesla as part of Elon Musk’s plan to take the electric car maker private, according to people with knowledge of the fund’s plans.

The Public Investment Fund, which has built up a stake just shy…


L.A. Times – Business

Exchanges Round-Up: Coinjar Launches Aussie Crypto Fund, Square Trades OTC

August 6, 2018 |

Exchanges Round-Up: Coinjar Launches Aussie Crypto Fund, Square Trades OTC

In recent news pertaining to virtual currency exchanges, Coinjar has launched Australia’s first cryptocurrency index fund; Square’s latest quarterly report has revealed that company is executing its crypto trades via the over-the-counter (OTC) markets rather than “public cryptocurrency exchanges;” and Poloniex has launched EOS pairings.

Also Read: SEC Has No Jurisdiction to Look at Bitcoin for ETF Decision, Admits Commissioner

Coinjar Launches Australia’s First Crypto Index Fund

Coinjar, a financial and cryptocurrency services company based in Australia and the United Kingdom that claims to have processed over $ 1.2 billion in virtual currency transactions, has announced the launch of Australia’s first cryptocurrency index fund.

The “Coinjar Digital Currency Fund” is an index fund targeting wholesale investors. Eligible investors must have net assets of at least $ 2.5 million AUD or have a gross income of no less than $ 250,000 AUD for the previous two years. Minimum contributions from new investors have been set at $ 50,000 AUD, whilst current investors are able to make incremental payments of at least $ 10,000 AUD.

The fund has two “classes”; ‘Bitcoin Class’ – “which provides exposure to Bitcoin (BTC) only”; and ‘Mixed Class’ – which “aims to track the performance of four digital currencies, weighted by fixed supply – Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC).” The fund does not incur “establishment costs, contribution fees, or performance fees,” however, “Management fees are 1.3% per annum for Bitcoin Class and 1.8% per annum for Mixed Class plus normal operating costs.”

Jordan Michaelides, institutional head at Coinjar, stated: “We are launching the Coinjar Digital Currency Fund to handle the custody risks, simplify the investment process and provide industry best practice in security for wholesale investors.”

Quarterly Report Shows Square is Trading Crypto Via OTC Markets Rather Than Exchanges

Exchanges Round-Up: Coinjar Launches Aussie Crypto Fund, Square Trades OTCFinancial and merchant services company, Square, Inc., has revealed in its most recent quarterly report that the company is trading bitcoin via “private broker-dealers” rather than “public cryptocurrency exchanges.”

Analysts have speculated that the move will facilitate Square providing a cryptocurrency platform with reduced price volatility when trading larger volume. Meltem Demirors, chief strategy officer at Coinshares, stated, “Working with a broker likely gets Square better pricing and better execution services than floating orders on the open market, as well as more confidentiality.”

Hunter Horsley, the chief executive officer of Bitwise Asset Management, has also praised Square’s decision to trade via the OTC markets. “There are many merits to trading OTC, which might be motivating Square’s switch,” Hunter said, emphasizing the reduced risk of slippage when trading OTC. “Prices, net of fees, are often better, especially for large orders,” he added.

Poloniex Launches EOS Pairings

Exchanges Round-Up: Coinjar Launches Aussie Crypto Fund, Square Trades OTCPoloniex has announced the introduction of pairings for the fourth most traded and fifth largest cryptocurrency market by capitalization, EOS. Pairings are now live for EOS/USDT, EOS/BTC, and EOS/ETH.

At present, Poloniex has expressed that it plans to only support EOS mainnet tokens, and “will not be accepting deposits of the ERC-20 variant or providing conversion to mainnet tokens.” Additionally, Poloniex “will not be supporting EOS airdrops for the time being.”

What is your response to Square’s move to trade crypto via the OTC markets rather than major exchanges? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Square Inc., Poloniex


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Exchanges Round-Up: Coinjar Launches Aussie Crypto Fund, Square Trades OTC appeared first on Bitcoin News.

Bitcoin News

Queensland, Australia Invests Portion of its $6.1Mil Ignite Ideas Fund in Crypto Startup

August 5, 2018 |

Queensland, Australia Invests Portion of its $  6.1Mil Ignite Ideas Fund in Crypto Startup

Queensland, Australia is giving away millions with its Ignite Ideas fund. This week, it posted details regarding the AUD$ 8.3 million grant ($ 6.1 million USD). Something like 70 regional companies shared the bounty, including a cryptocurrency startup, Travelbybit, which managed to snag AUD$ 100,000 on its way to promoting tourism using crypto. 

Also read: Bitcoiners Hope to Have a Friend in Top US Regulator Jay Clayton

Part of Queensland, Australia’s $ 6.1Mil Goes to Travelbybit

“Tourism is one of Queensland’s most important industries,” Innovation Minister Kate Jones announced. “Travelbybit has devised a clever way to make it easier for visitors to our state to pay for their purchases with a growing number of local businesses accepting cryptocurrency payments.” The company was chosen as part of a larger government initiative, the Advance Queensland Ignite Ideas funding.

Minister Jones continues, “Ignite Ideas was about supporting entrepreneurs from across Queensland to grow their businesses and employ more staff. I understand TravelbyBit is specifically targeting places like Bundaberg – using cryptocurrency to make it easier for tourists to book holidays. That’s why we’ve invested to help them scale-up their operation and ultimately create more jobs in Queensland.”

Queensland, Australia Invests Portion of its $  6.1Mil Ignite Ideas Fund in Crypto Startup

First Queensland, and Then The World

Queensland, Australia is the country’s third biggest state by population. This week, it posted details regarding the AUD$ 8.3 million grant ($ 6.1 million USD). Something like 70 regional companies shared the bounty.

Travelbybit has a point of sale payments application popular with local businesses, restaurants, tour companies, and resorts. It services bitcoin cash (BCH), bitcoin core (BTC), litecoin, ethereum, and NEM. The company has been awarded AUD$ 100,000 from Ignite Ideas in the hope it will expand even beyond its current stable of merchants.

Queensland, Australia Invests Portion of its $  6.1Mil Ignite Ideas Fund in Crypto Startup

Travelbybit CEO Caleb Yeoh noted, “We have more than 150 merchants across Australia using our system and this funding, to develop a purpose-built platform that will accept digital currencies from anywhere in the world, will allow us to add jobs not only directly to our team but also across the broader tourism industry.”

What do you think of Queensland’s decision to target cryptocurrency tourists? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Wikipedia


Need to calculate your bitcoin holdings? Check our tools section. 

The post Queensland, Australia Invests Portion of its $ 6.1Mil Ignite Ideas Fund in Crypto Startup appeared first on Bitcoin News.

Bitcoin News

Bitcoin Cash Fund to Help Promote Future r/MillionaireMakers Drawings

July 27, 2018 |

Bitcoin Cash Fund to Help Promote Future r/MillionaireMakers Drawings

Back in early 2015 a Reddit forum was created called r/millionairemakers which is a subreddit that tries to create a millionaire by getting one million Reddit users to donate $ 1 each and the forum subscribers give the money to a random person in hopes they can create a millionaire. Now the lottery-style forum is allowing bitcoin cash (BCH) donations with Tippr and Chaintip. The forum administrators are also partnering up with the Bitcoin Cash Fund, and the non-profit plans to donate $ 200 in BCH towards the pot of each draw.

Also Read: Japanese Crypto Exchanges Working on Lowering Margin Trading Limits

r/MillionaireMakers Partners With the Bitcoin Cash Fund

Bitcoin Cash Fund to Help Promote Future r/MillionaireMakers DrawingsJust about three years ago some Reddit users on the forum r/showerthoughts proposed a theory: “If a million of us picked a certain Redditor and all donated just $ 1, we would have the power to make someone a millionaire.” Since that observation was stated back in 2015, a new subreddit was born called r/millionairemakers. Now all the attempts have so far been unsuccessful as far as making a millionaire is concerned, but the forum had made mainstream headlines in publications like Business Insider, and some people have made a few thousand dollars. At one time a few selected winners have won around $ 12,000 USD and the site grew to gather over 100,000 subscribers.

Just a few days ago the subreddit declared that it would be using BCH tips that stem from tipping platforms like Chaintip and Tippr. Further on the social media platform Yours.org the community driven non-profit the Bitcoin Cash Fund (BCF) announced a strategic partnership with r/millionairemakers and BCF plans to donate $ 200 worth of bitcoin cash towards the pot of each draw.  

“The Bitcoin Cash Fund will help promote future drawings, offer programming support, and add $ 200 in BCH to the pot of each draw to rapidly get this great sub up and running again,” explains BCF’s Yours announcement.

We hope this partnership will allow r/millionairemakers finally make someone a millionaire and drive the adoption and use of cryptocurrencies, especially Bitcoin Cash — Let’s all participate in the draws in the coming months.

Bitcoin Cash Fund to Help Promote Future r/MillionaireMakers Drawings

Spreading Bitcoin Cash Awareness

The r/millionairemakers subreddit administrators say that the partnership enables the forum to grow beyond its 100K subscribers. Moreover, the admins explain that they also get to work with talented developers and individuals that can help make the subreddit processes more automated. “This collaboration is directly for the benefit of the winners, this subreddit and to spread awareness of Bitcoin Cash,” emphasizes the Reddit user and r/millionairemakers moderator u/lilfruini.

“As always, the type of donations sent are all determined by the donors. Of course, people are welcome to use tipping bots listed and any others that I have not been made aware of, but other cryptocurrency addresses for donors will continue to be present (at the choice of the winner), such as Bitcoin, Dogecoin, and Litecoin, among more,” u/lilfruini writes. “Additionally, cash transfers will continue to be in use, including Google Wallet, PayPal, and now, Square Cash — The winner is welcome to exclude certain forms of payment themselves in what they accept, should they be chosen.”

What do you think about the partnership between r/millionairemakers and the Bitcoin Cash Fund? Let us know what you think about this subject in the comment section below.


Images via Shutterstock, and Pixabay. 


At Bitcoin.com there’s a bunch of free helpful services. For instance, check out our Tools page!

The post Bitcoin Cash Fund to Help Promote Future r/MillionaireMakers Drawings appeared first on Bitcoin News.

Bitcoin News

Hedge Fund Issues Bearish Call on Ethereum and Sides with BTC

July 18, 2018 |

Hedge Fund Issues Bearish Call on Ethereum and Sides with BTC

Hedge fund Tetras Capital has issued a bearish call on ethereum and opined that bitcoin has more upside potential. The New York-based fund has been blessed with perfect timing, with ETH falling in BTC terms following the publication of its report 24 hours ago, while bitcoin has rallied strongly.

Also read: Post-Flood Reflections Reveal Insights Into Lives of Sichuan Miners

Tetras Capital Gives Ethereum the Thumbs Down

Hedge Fund Issues Bearish Call on Ethereum and Sides with BTCSingle-handedly, no investment fund can commandeer the market and short a particular asset. But by issuing an unequivocally bearish call, it can capture the attention of other traders and attempt to convince them of its wisdom. Convert enough of them, and it might be sufficient to make the pessimistic prediction come true. That seems to have been the intention of Tetras Capital, who caught the headlines on Monday after publishing a “Bearish Thesis” on ethereum.

A blog post outlining the fund’s reasons for going short on ETH linked to a comprehensive 42-page report that detailed its case in forensic detail. Tetras Capital was hoping for headlines and its wish was quickly granted. Not only has the hedge fund’s proclamation gained traction, but so far, its call appears to be bearing fruit. Every single crypto asset in the top 100 has rallied in the last 24 hours, with bitcoin predictably leading the charge. Ethereum has slipped in BTC terms, however, dropping from around 0.072 at the time of Tetras Capital’s report to 0.0684 BTC at the time of publication.

Long on Bitcoin, Short on Ethereum

“Just as ETH benefited from irrational exuberance, it will inevitably suffer further as the market sobers up,” claims the hedge fund, before continuing:

We believe that ETH’s current price is still significantly overvalued; still significantly decoupled from the Ethereum network’s current and near-term technological state. Our research has led us to believe that the market and technology is still far too immature to justify current valuations. This nascent asset class has taken off due to speculative narratives, and we believe that the current marketplace is not sophisticated enough to properly evaluate risks or general economic concerns.

In setting its stall firmly in the anti-ETH camp, the New York hedge fund is going against the predictions of ethereum maximalists such as Coinbase CEO, Brian Armstrong, who is firmly in Team ETH. Even Vitalik Buterin has been forced to concede that ethereum has had its problems of late, noting that $ 15m has been wasted on gas recently due to network spam which has caused ETH fees to surpass those of BTC.

Making Bearish Predictions is Good for Publicity

Hedge Fund Issues Bearish Call on Ethereum and Sides with BTC
Bill Ackman

There’s a history of investors making very public calls to short particular assets, and in doing so going against the prevailing market sentiment at the time. Legendary hedge fund manager Bill Ackman, for example, tried shorting Herbalife for years, before eventually calling off his long-running campaign, at great expense to his wealth and reputation. Tetras Capital will be hoping for a greater ROI from shorting ethereum, be it literally or symbolically by putting the bulk of its assets into BTC instead.

The hedge fund’s bearish forecast finishes: “We believe the coming months will be extremely telling for Ethereum’s future. Network strain (from Dapp usage), competition (from alternative Dapp platforms), and regulation (towards ICOs) will test the speculative hype and price of ETH.”

Do you think Tetras Capital is right to be bearish on ethereum? Let us know in the comments section below.


Images courtesy of Shutterstock, and Tetras Capital.


Need to calculate your bitcoin holdings? Check our tools section.

The post Hedge Fund Issues Bearish Call on Ethereum and Sides with BTC appeared first on Bitcoin News.

Bitcoin News

This Week in Bitcoin: Expanding Exchanges, New Crypto Fund, Patent, and Laws

July 1, 2018 |

This Week in Bitcoin: Expanding Exchanges, New Crypto Fund, Vault and Patent Announced

In this week’s editions of Bitcoin in Brief we’ve covered a number of interesting developments in the crypto space. Several prominent exchanges have announced plans to increase their presence in new markets and locations, while a newly launched platform aims to rate them according to their liquidity, security, and volume. The weekly roundup also mentions a $ 300 million venture fund launched by Andreessen Horowitz, a new crypto vault offering safe storage in Switzerland, a patent promising to prevent the next Mt. Gox, and more.

Also read: Huobi Opens in London, Malta Approves Crypto Bills

Exchanges Moving in and out of Markets

This Week in Bitcoin: Expanding Exchanges, New Crypto Fund, Patent, and Laws This week saw a number of announcements by major crypto exchanges indicating serious plans for expansion and involving lots of moving in and out of markets. Two leading platforms, Huobi and Coinbase, have confirmed their intentions to open offices at new locations. Huobi, which recently announced it suspended services in Japan, will be setting up a new office in London. Coinbase, which is about to introduce GBP deposits and withdrawals, will open a branch in Portland, on the US West Coast. The US-based exchange also informed its clients it is replacing GDAX with Coinbase Pro.

Kucoin is another trading platform ceasing operations in Japan. The world’s largest exchange by trading volume, Binance, which has also taken steps in the same direction and is moving to Malta, is now eyeing Africa, as well. It is launching a fiat-crypto platform in Uganda, which will be offering zero trading fees for the first month of operation. The Chief Strategy Officer of Bitfinex, the trading platform which shares management with the company that issues Tether (USDT), is leaving his post as the exchange pivots away from the United States.

This Week in Bitcoin: Expanding Exchanges, New Crypto Fund, Patent, and Laws

Bitfinex is currently the fourth-largest cryptocurrency exchange by trading volume. According to a research paper by the University of Texas, Tether may have been used to manipulate the price of bitcoin last year – an allegation that Bitfinex rejects. Moreover, Tether’s critics have asserted that the company doesn’t have enough US dollars in reserve to cover the amount of USDT in circulation. According to a recent report, the token is also vulnerable to double spend attacks.

This week, we also covered the launch of a new platform that rates exchanges according to their liquidity, security, volume, and other metrics. Crypto Exchanges Ranks (CER) has been developed by Hacken and is now live.

Patent Promises to Prevent Mt. Gox 2

BCH-focused R&D company Nchain has announced its second patent, on “Determining a common secret for the secure exchange of information and hierarchical deterministic cryptographic keys,” which has been granted by the European Patent Office. The Deterministic Key Generation technique is said to provide for improved secure communication between a pair of nodes, while being able to keep their private keys secret. According to Nchain CEO Jimmy Nguyen, it will help prevent Mt. Gox-type hacks of cryptocurrency exchanges and wallets in the future. Its developers claim the invention can provide significant security benefits for situations in which sensitive data, assets, communications or controlled resources need to be secured.

This Week in Bitcoin: Expanding Exchanges, New Crypto Fund, Patent, and Laws

In another development within the R&D field, a new Center for Blockchain Research has been set up at Stanford University. Headed by leading computer scientists, the center will be supporting researchers in developing best practices in the crypto and blockchain sphere, while also organizing educational courses for students. The initiative aims to position Stanford at the forefront of “efforts to improve, apply and understand the many ripple effects of this technology,” said Professor Dan Boneh, one of the project leaders.

Study Links Social Media Posts to Bitcoin Prices

According to a new study by the Stevens Institute of Technology, public sentiment expressed on social media can manipulate the value of bitcoin. The authors of the paper claim that periods of predominantly positive social media commentary significantly affect crypto markets and can determine price fluctuations. The researchers believe, however, that it’s not the vocal minority, but the silent majority that really moves crypto prices up and down. The scientists have found that social media comments from very active users do not change market graphs so much, while infrequent posters exert much more influence, especially when they are sharing positive opinions.

Crypto Fund and Crypto Vault Announced

Venture capital firm Andreessen Horowitz is launching a new $ 300 million venture fund that will invest in crypto companies and protocols. The a16z crypto fund will be led by Katie Haun, former US DoJ federal prosecutor who worked on the Silk Road case, seats on the board of directors at Coinbase and has taught cybercrime and cryptocurrency at Stanford Law School. “We plan to invest consistently over time, regardless of market conditions. If there is another ‘crypto winter,’ we’ll keep investing aggressively,” commented Chris Dixon, general partner at Andreessen Horowitz.

This Week in Bitcoin: Expanding Exchanges, New Crypto Fund, Patent, and Laws

And while some are preparing for serious investments, others are working to make storage of crypto holdings as safe as possible. Swiss Crypto Vault is a venture headed by two Swiss entrepreneurs – Niklas Nikolajsen, a well-known bitcoin speculator, and former UBS Group AG investment banker, Philipp Vonmoos. The project aims to lure ultra-high net worth individuals and institutional investors with its “deep underground storage, state-of-the-art encryption, multi-signing authorization processes and many more security features.” Bitcoin Suisse, Nikolajsen’s cryptocurrency broker, has already transferred to the former bunker the digital currency it controls on behalf of thousands of clients, including 10 banks.

Maltese Parliament Approves Three Crypto Bills

Malta, one of Switzerland’s competitors when it comes to creating crypto-friendly business climate, has just approved three crypto and blockchain related bills. The island nation’s legislature voted unanimously to support on second reading the draft laws which are expected to increase the country’s attractiveness for crypto businesses. Stephen McCarthy, former CEO of the Maltese Housing Authority, has been appointed as the first chief executive of the Malta Digital Innovation Authority.

Pornhub Adds Two Coins to Its Payment Options

This Week in Bitcoin: Expanding Exchanges, New Crypto Fund, Patent, and Laws A business taking advantage of the anonymity offered by crypto technology is the adult entertainment portal Pornhub. After announcing it will accept payments in the anonymous cryptocurrency verge (XVG) a couple of months ago, Pornhub has now decided to expand its crypto payment options by including tron (TRX) and zencash (ZEN). Corey Price, VP of Pornhub, gave the reasoning: “Decentralized payment systems have continued to grow in popularity, and cryptocurrency adoption is exploding across a broad economic spectrum. Today, cryptocurrencies are especially viable in the adult entertainment industry because they are privacy-centric and incorporate more anonymity tools than traditional tender.”

What other stories in the Bitcoin space caught your attention this week? Share your thoughts in the comments section below. 


Images courtesy of Shutterstock.


Bitcoin News is growing fast. To reach our global audience, send us a news tip or submit a press release. Let’s work together to help inform the citizens of Earth (and beyond) about this new, important and amazing information network that is Bitcoin.

The post This Week in Bitcoin: Expanding Exchanges, New Crypto Fund, Patent, and Laws appeared first on Bitcoin News.

Bitcoin News

Bitcoin in Brief Tuesday: New Patents, Research Centers and a $300M Fund

June 26, 2018 |

Bitcoin in Brief Tuesday: New Patents, Research Centers and a $  300M Fund

While short term investors and speculators might not be in the best of shape right now, the long term development of the ecosystem is still advancing on pace. Companies and institutions are continuing to invest time and money for furthering cryptocurrency research as can be seen by the stories featured in today’s edition of Bitcoin in Brief.

Also Read: Alleged Fraudster Arrested in China Over $ 15M Mining Hardware Con

Preventing the Next Mt. Gox

Bitcoin in Brief Tuesday: New Patents, Research Centers and a $  300M FundNchain, the BCH-focused R&D firm, has announced the issuance of its second patent by the European Patent Office, entitled “Determining a common secret for the secure exchange of information and hierarchical deterministic cryptographic keys.” This Deterministic Key Generation technique is said to provide for improved secure communication between a pair of nodes, while being able to keep their private keys secret. The company explains that it has already been using the technique as part of its work with SBI BITS in Japan, the subsidiary of SBI Holdings, and that its publicly available SDK offers the patented technique for any developers that need it.

Nchain CEO, Jimmy Nguyen, stated: “The Deterministic Key Generation technique will help prevent Mt. Gox-type hacks of cryptocurrency exchanges and wallets. But its potential use cases are far greater as the digital world grows with increased digitisation of assets, cloud storage of data, newer methods of digital communication, and the anticipated explosion of Internet of Things devices. The invention can provide significant security benefits for any situation in which sensitive data, assets, communications or controlled resources need to be secured.”

Stanford Research Center

Bitcoin in Brief Tuesday: New Patents, Research Centers and a $  300M FundA new Center for Blockchain Research has been founded by leading computer scientists at Stanford University. The center will be headed by professors Dan Boneh and David Mazières, and faculty will also include Alex Aiken, David Dill, John Mitchell, Tim Roughgarden and Joe Grundfest. It is meant to help scientists develop best practices for the field as well as create courses to help future students.

Prof. Boneh commented: “Blockchains will become increasingly critical to doing business globally. Stanford should be at the forefront of efforts to improve, apply and understand the many ripple effects of this technology.” Prof Mazières added: “Blockchain massively lowers the barriers to creating tradeable, digital assets. It allows individuals who don’t know each other, or even trust one another, to make irreversible transactions in a whole variety of fields in a safe and secure way.”

New $ 300 Million Crypto Fund

Bitcoin in Brief Tuesday: New Patents, Research Centers and a $  300M FundAndreessen Horowitz, the Menlo Park headquartered venture capital firm, has announced the launch of a16z crypto, a new $ 300 million venture fund that will invest in crypto companies and protocols. The fund will be led by Katie Haun, a former US DoJ federal prosecutor who worked on the Silk Road case which seats on the board of directors at Coinbase as well as taught cybercrime and cryptocurrency at Stanford Law School.

Chris Dixon, general partner at Andreessen Horowitz, stated: “We are long-term, patient investors. We’ve been investing in crypto assets for 5+ years. We’ve never sold any of those investments, and don’t plan to any time soon. We structured the a16z crypto fund to be able to hold investments for 10+ years. We have an ‘all weather’ fund. We plan to invest consistently over time, regardless of market conditions. If there is another ‘crypto winter,’ we’ll keep investing aggressively.” Regarding possible investment targets he added: “We are focused on non-speculative use case. We want services powered by crypto protocols to be used by hundreds of millions and eventually billions of people. Crypto tokens are the native asset class of digital networks, but their value is driven by the underlying, practical uses cases.”

What do you think about today’s news tidbits? Share your thoughts in the comments section below. 


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Bitcoin in Brief Tuesday: New Patents, Research Centers and a $ 300M Fund appeared first on Bitcoin News.

Bitcoin News