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Canadian Firm Hut 8 Reports Bitcoin Mined in Q1 Declined 54% Due to Price Volatility
13.5.2020
On Monday, Hut 8 Mining reported that first-quarter revenue rose 5% to $9 million from $8.59 million a year ago after the amount of bitcoin (BTC) extracted plunged sharply. Quarter-on-quarter, revenue fell 14%. For the three months to March 31, 2020, the Canadian bitcoin firm said it mined 1,116...
Halving Sell-Off Temporary, BTC to Hit $20,000 by Year End, Says Billionaire Investor Novogratz
13.5.2020
Bitcoin (BTC) may not have pumped at the scale expected by many halving optimists, but Wall Street billionaire Michael Novogratz insists that the price will hit $20,000 by year-end. The Galaxy Digital founder and chief executive officer on Monday told CNBC that bitcoin’s surge was inevitable...
Ashton Kutcher and Michelle Phan Invest in Lolli’s $3M Seed Round
11.5.2020
Lolli, the bitcoin rewards shopping app, attracted celebrity investors in a $3 million round led by the early-stage arm of Peter Thiel’s Founders Fund
Coinshares Acquires Gabi Trading: New Unit Traded $3 Billion Worth of Crypto in 2019
8.5.2020
Coinshares on Thursday launched its trading business, Coinshares Capital Markets (CSCM), reporting that the unit traded over $3 billion worth of cryptocurrency in 2019 and $1.5 billion during the first quarter of 2020. The UK digital asset manager is basically rebranding Gabi Trading, a business...
Coinstar Plans Massive Expansion of Coinme Bitcoin ATMs as Usage Spikes 40%
8.5.2020
Coinstar, the coin counting kiosk maker hosting 3,500 Coinme bitcoin ATMs, is considering doubling that count after a surge in usage amid the COVID-19 pandemic
Bitcoin to Peak at $115,000 by August Next Year, Says Pantera Capital CEO
6.5.2020
Pantera Capital chief executive officer Dan Morehead has predicted a 50% chance the price of bitcoin (BTC) will hit $115,000 by August next year. In a recent letter to investors, Morehead said: “If the new supply of bitcoin is cut in half (with the May 12 halving), all else being equal,...
As Pandemic Decimates Startups, Privacy Industry Holds Strong
5.5.2020
As remote work become the norm, privacy-focused startups see COVID-19 as an opportunity to expand
Pantera Capital CEO: Bitcoin Could Peak Over $500K in August 2021
5.5.2020
In a letter to Investors, CEO Dan Morehead examined the YTD performance of Bitcoin prior to the May 12 rewards halving
NEAR Protocol Launches Following $21M Token Sale Led by Andreessen Horowitz
4.5.2020
NEAR announced Monday the closing of a $21.6 million token sale involving a16z, Pantera and others. It also revealed the stealth-mode launch of the NEAR mainnet on April 22
UK Cryptocurrency Firms Turn to Equity Funding as ICO Coffers Plunge 70%
2.5.2020
UK cryptocurrency and blockchain startups are turning focus back to conventional means of raising capital, as initial coin offering (ICO) coffers dry up. According to a new report, initial coin offering (ICO) funding last year plunged 71% to £200 million ($250 million) from £700 million...
Bitfinex, Tether Seek Subpoenas Across US in Hunt for Missing $800M
2.5.2020
Bitfinex and Tether’s parent company wants to question employees of at least three U.S. banks about Crypto Capital – Bitfinex’s payment processor – accounts and holdings in an effort to recover more than $800 million
While the Global Economy Shudders, Andreessen Horowitz ‘Excited’ to Invest $500M Into the Crypto Industry
1.5.2020
The private venture capital firm Andreessen Horowitz (a16z) has announced the company is investing $515 million into the cryptocurrency industry. The firm says its “excited” to bolster crypto networks and businesses. Further, the company hopes to strengthen ideas like next-generation...
The ‘Great Lockdown’ Is Boosting Demand for Bitcoin Custody Solutions
30.4.2020
Bitcoin wallet startups have seen a sudden uptick in activity. In short, more people want to hold their own bitcoin than ever before
Genesis CEO Details ‘Black Thursday’ Chaos in Q1 Lending Report
30.4.2020
Crypto lender Genesis Capital increased its loan book to $649 million during a tumultuous Q1 marked by wild fluctuations in the price of bitcoin
Dragonfly Capital Managing Partner Alexander Pack Steps Down
28.4.2020
Alexander Pack, managing partner of Dragonfly Capital, has stepped down from the crypto investment firm, according to a letter obtained by CoinDesk
Blockchain Bites: Capital Constraining Compliance and Tether’s ‘Interoperability Bridge’
27.4.2020
The researchers developing the "digital yuan" have tapped an AI firm to look for financial use cases while Dole unveiled a 5-year blockchain plan
US Regulator Clears Security Token Trading System to Launch
27.4.2020
North Capital received regulatory approval to launch an alternate trading system for security tokens
Growth at Any Cost: It’s Time for the Current VC Model to Change
25.4.2020
The winds of change are finally coming to the venture capital business model. What exactly has to adapt?
Multicoin Capital Partners Explain How They Invest in Crypto Startups
24.4.2020
Investment firm partners explain how to search for and evaluate crypto startups
CoinDesk Live: How This ‘Legal Wrapper’ for DAOs Could Democratize Venture Capital
23.4.2020
A limited liability autonomous organization is the next chapter of capital formation, Aaron Wright and Priyanka Desai of OpenLaw explain