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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

The post ‘Money to Burn’: Why Do Companies Burn Their Tokens? appeared first on Bitcoinist.com.

Room For Creatives, Distributed New Economy Is Growing In Capacity

DCC: Distributed Banking, Future of the Financial Industry

Creatives from multiple industries and those on the other side of the transaction – buyers and consumers of content, may soon do business on a single platform. Within the Zeepin Ecosystem, all participants will benefit from diversity of different projects. Zeepin’s team aims to incorporate original ideas into powerful applications running on their Blockchain. Zeepin is an A-Z workplace platform for innovators, aiming to create a fair and efficient business environment. The foundation can be

The post Room For Creatives, Distributed New Economy Is Growing In Capacity appeared first on Bitcoinist.com.

Did Tether Trigger a Short Squeeze or a Dead Cat Bounce? (Bitcoin Price Analysis)

This time yesterday it appeared that all was lost, as Bitcoin price slipped within $100 of the current 2018 low. Then something unexpected occurred. Perhaps shorts got squeezed out of their loftily precarious positions or was it Tether’s newly minted $130 million USDT that saved the day? Bitcoin Price Market Overview Bitcoin  spent the better part of the day fighting off bears and the cryptocurrency managed to post an impressive 10% gain as it briefly

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CoinHive In-Browser Software is ‘Mining’ $250K Per Month, Research Finds

Blockchain Offers Viable Alternative to Outdated Online Ad Tech

New academic research released by RWTH Aachen University has discovered that cryptocurrency miner CoinHive is very profitable. In fact, it’s generating over $250,000 worth of Monero profit every month by hi-jacking internet users’ CPUs. One of the users could have easily been you.  The research itself provides a broad overview of browser-mining activity across the Web. It reveals that Monero accounts for 75 percent of all browser-based cryptocurrency mining. The organization CoinHive is behind most of it. Thus, it is

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South Korea Allocates One Trillion Won for Blockchain Technology in 2019

South Korea is showing a greater interest towards the field of cryptocurrencies, budgeting upwards of one trillion won (around $880 million) for the fields of blockchain technology, AI, and the sharing economy.  South Korea Doubles Investment in Blockchain According to an official press release, South Korea will invest a total of 5 trillion won (around $4.4 billion) in its “Growth Through Innovation” plan. The strategy will fund a total of eight pilot projects, which plan to

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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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