Monthly Archives: August 2018

U.S. Crypto Investment Firm Attracts $22M in Series A, Looks to Expand Services

Los Angeles-based cryptocurrency investment firm SFOX has raked in roughly $22.7 million in its Series A funding. The round was headed by venture platforms Social Capital and Tribe Capital and earned the participation of other firms like DCG, SV Angel, Blockchain Capital and Y Combinator. SFOX caters specifically to professional traders, high net-worth individuals and institutions. As a prime dealer for cryptocurrency markets, the company provides access to global sources of trading and liquidity, real-time trading APIs, OTC desks and U2F hardware for private key management. The […]

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BCG Report Offers ‘Reality Check’ for Blockchain in Commodities Trading

Major U.S. consulting firm BCG has released an in-depth report, which it dubs a “reality check” for the use of blockchain in the commodity trading industry. Major U.S. consulting firm Boston Consulting Group (BCG) has released an in-depth report August 16, which it dubs a “reality check” for the use of blockchain in the commodity trading industry. For commodities trading, BCG argues that there is a strong argument for using blockchain, while taking stock of “significant drawbacks on several fronts.” The report tackles both the “hype,” but […]

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Blockchain for Good: How New Technology Is Helping Those in Need in Novel Ways

In addition to creating new companies and opening up new revenue streams, blockchain is serving as a force for good. Here, we explain how. There has been a lot of discussion about how cryptocurrencies and blockchain can transform the world’s economy — leaving paper money behind and going truly digital. Indeed, many crypto businesses are pursuing solutions which can eradicate inefficiencies in practically every industry, positively affecting the goods and services we use every day. But away from the profit margins, is there any way that blockchain […]

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Toshi Goes Native to Become ‘Coinbase Wallet’

Open source decentralized app (dApp) browser and wallet Toshi will now be known as Coinbase Wallet, and will initially support ETH, alongside dApps and crypto collectibles. Toshi, the open source decentralized app (DApp) browser and wallet developed by Coinbase, is now going native to become “Coinbase Wallet,” according to an official Medium post published August 15. The exchange presents the move as more than just a rebranding exercise, suggesting that the wallet will develop over time to offer more functionality than existing crypto wallets and serve as […]

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Bank of China Partners With China UnionPay to Explore Blockchain for Payment Systems

The Bank of China has partnered with China UnionPay to jointly explore blockchain technology applications in payment systems. The commercial, state-backed Bank of China (BOC) and financial services corporation China UnionPay (CUP) have entered into a partnership, according to an August 15 announcement. Per the terms of the agreement, the two parties will jointly explore blockchain technology applications for payment system development. The partnership comes in response to market demand and regulatory requirements, giving rise to further opportunities for cooperation between the two parties in the field […]

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Bitcoin Cash’s New Token Machine Gun: Inside Wormhole’s Quest to Dethrone ERC-20

Last week, Bitcoin.com CEO Roger Ver unveiled a new tool to issue tokens on BCH blockchain. Last week, Bitcoin.com CEO Roger Ver and lead developer Corbin Frasers unveiled a new tool which allows developers to issue tokens on the Bitcoin Cash blockchain, hosted on their publication. “For better or worse, ICOs and CryptoKitties are probably coming to Bitcoin Cash in the near future,” Fraser said half-jokingly, to which Ver optimistically added that “they are probably coming to Bitcoin.com, too,” hinting that his publication might hold an ICO […]

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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, 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 […]

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Pantera Capital’s Third Venture Fund Raises $71M, Eyes $175M

Blockchain investment firm Pantera Capital recently launched its third cryptocurrency fund. Known as Venture Fund III, the company completed all necessary filings with the U.S. Securities and Exchange Commission (SEC) last Wednesday, and the event is already making impressive headway in the cryptocurrency space. So far, the fund has garnered over $71 million from roughly 90 different investors. But this capital is just a small fraction of what the fund’s executives feel it can accrue. Firm partner Paul Veradittakit explains that the company expects to bring in […]

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South Korea Budgets Nearly $4.5B for Blockchain, Emerging Tech

South Korea is planning to invest nearly $900 million next year to accelerate the development of blockchain, artificial intelligence and other emerging technologies. In an August 14, 2018, press release from the 5th Ministerial Meeting entitled Growth through Innovation, Deputy Prime Minister Kim Dong Yeon is summarized as saying “The government has decided to work on a platform economy, whose impact is powerful and far-reaching.” “There have been discussions among ministries and private sector experts on how to develop a platform economy, and we have come up […]

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U.S. Investors Can Now Buy a Bitcoin Exchange-Traded Note

American investors can now invest in bitcoin Exchange Traded Funds (ETF) through an Exchange-Traded Note (ETN) called Bitcoin Tracker One on the Nasdaq Stockholm Exchange in Sweden, per a Bloomberg report. The product, which started trading in 2015, is currently available to American investors despite being listed and regulated under Swedish law after being listed in U.S. Dollars for the first time on Wednesday, August 15, 2018. Crypto ETF Through the Back Door? For several months, investors have eagerly awaited approval from the SEC and CFTC to […]

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