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Pantera Capital Hints At Giant $175M Venture Fund For ‘Fast-Moving’ Crypto Space

Cryptocurrency investment stalwart Pantera Capital has raised over $70 million for a new venture fund which could become its biggest yet if it raises its intended goal. An Order Of Magnitude Larger An SEC filing issued August 15 confirms 90 investors have contributed $71,500,000 to the new project, with partner Paul Veradittakit telling TechCrunch as much as $175 million could ultimately flow in. According to Veradittakit, the figures are a “function of how fast the

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Ripple ‘Isn’t Really A Blockchain’ – Ethereum Co-Founder Downplays XRP, EOS

ConsenSys found and Ethereum co-founder Joseph Lubin told mainstream media that Ripple “isn’t a Blockchain technology” August 14, confirming it “isn’t a competitor” for Ethereum. Lubin: Ripple ‘Isn’t Really A Blockchain’ Speaking to Bloomberg about the current state of the cryptocurrency market and Ethereum development, Lubin delivered an interesting take on two of the industry’s biggest names. Asked about what would happen if “other protocols which trade speed or decentrazliation for security” gain favor in

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AT&T Faces $224 Million Lawsuit Over Alleged Cryptocurrency Heist

AT&T ATT

Telecom giant AT&T is facing a $224 million lawsuit over alleged negligence causing an investor to lose $24 million worth of cryptocurrencies. 69 Pages of Complaints Michael Terpin, a US investor, has purportedly filed a $224 million lawsuit against the telecommunication giant on Wednesday, according to CNBC. The plaintiff accuses AT&T of negligence causing him to lose roughly around $24 million worth of cryptocurrencies. The 69-page long complaint was filed with the US District Court

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US Investors Can Now Invest in a Fully-Regulated Bitcoin ETN

Bitcoin ETN

While the entire cryptocurrency community is waiting for the approval of a potential bitcoin ETF by the US Securities Exchange and Securities Commission (SEC), investors can now purchase Bitcoin exchange-traded notes, entirely regulated in Sweden. “Big Win for Bitcoin” Starting yesterday, investors can trade using the so-called Bitcoin Tracker One product offered by a parent company of CoinShares Holdings, LTD, according to Bloomberg. The product is listed and regulated in Sweden, but it is already

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‘Money to Burn’: Why Do Companies Burn Their Tokens?

Binance Coin Burn Inbound - Here's When It Will Happen

A token burn is the destruction of a certain amount of tokens (or coins) in order to reduce their number in circulation. This method is successfully applied by crypto projects, traditional businesses, and even global corporations (for their shares). This spring, for example, Apple launched a $100 billion share buyback plan (with subsequent burning) and raised its dividend share by 16 percent, despite expectations of a slowdown. Alex Fork, one of the founders of the

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Brian Armstrong Claims Coinbase Is Registering 50,000 New Users Per Day

Coinbase App Downloads Plummet Amid Bitcoin Price Decline

Brian Armstrong, CEO of the cryptocurrency platform giant Coinbase, claimed in an interview with Bloomberg that around 50,000 new users continue to register for its services every day — despite recent year-to-date lows. ‘Bubbles And Corrections’ Coinbase CEO Brian Armstrong sat down with Bloomberg yesterday to discuss the future of cryptocurrency at the Bloomberg Players Technology Summit held in San Francisco. During the interview, Armstrong was asked about the giant half-dead elephant in the room — the large

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‘It’ll Happen Anyway’: Andreas Antonopoulos Criticizes Bitcoin ETFs

'Why Don't You Adopt It?' Andreas Antonopoulos Advocates Decentralized P2P Commerce

Exchange-traded funds (ETFs) “fundamentally undermine the underlying principle of peer-to-peer money,” Andreas Antonopoulos claimed, adopting a critical stance on the financial instrument. ‘Not Your Keys – Not Your Bitcoin’ As part of his monthly Q&A session with the cryptocurrency community in July, Antonopoulos, who uses the online sessions to address various key aspects of cryptocurrency as suggested by viewers, made clear he was not in favor of an ETF coming to Bitcoin. “Your keys – your

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Overstock Shares Plummet, Losing Around 50 Percent YTD

Overstock

The cryptocurrency market has been in a steady decline for the last couple of weeks. Since the beginning of August, a little over $90 billion were wiped off the market. Popular e-commerce company Overstock has also felt the impact, forfeiting 50 percent of its value in 2018. A Bumpy Ride Much like other companies, Overstock marched into the field of digital currencies through its subsidiary – tZero – a venue hoping to become the very

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These 5 ICO Exit Scams Cost Investors $100 Million

These 5 ICO Exit Scams Cost Investors $100 Million

ICO exit scams over the last two years have left people $96.8 million out of pocket, according to data compiled by blockchain intelligence firm Diar. However, this is only a drop in the ocean with regards to the influx of investment the cryptocurrency space is receiving. For context, blockchain start-ups have raised over $6.8 billion from ICOs in 2018 alone. Nonetheless, $100 million is an eye-watering amount. Let’s look at the top 5 ICO exit

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Playboy Suing Cryptocurrency Company Over Breach of Contract

Playboy

Playboy Enterprises has filed a lawsuit against a cryptocurrency company over failure to create a digital currency wallet for payments. A Clash in Court Playboy Enterprises, the parent company behind the marquee adult magazine, has filed a lawsuit against Global Blockchain Technologies (GBT) in the Los Angeles County Superior Court according to LA Times. Reportedly, the parent company of the popular adult magazine seeks unspecified compensation as well as punitive damages, alleging GBT of fraud

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