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Posts Tagged ‘Crypto’

Pantera Capital Raises $71 Million for Third Crypto Venture Fund

Blockchain investment firm Pantera Capital has launched a new crypto fund with a capital commitment of over $71 million already in place, according to public documents. A filing submitted by the company to the U.S. Securities and Exchange Commission (SEC) on Wednesday indicates that the new investment scheme, called Venture Fund III, started its first…

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Prime Trust Enters Crypto Custody Race, Will Hold ‘Any’ Ethereum Token

Prime Trust, a small U.S. financial institution that’s played a behind-the-scenes role in several dollar-backed cryptocurrencies, is entering the hotly competitive crypto custody business. Revealed exclusively to CoinDesk, the Nevada trust company quietly began offering cold storage for bitcoin in mid-July, and will announce next week that it can also handle custody for ether and any…

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Korean Blockchain Groups Blast Plan to Strip Crypto Exchange Benefits

Several blockchain associations in South Korea are pushing back against a government plan they fear will stifle industry innovation. The groups are objecting to a proposal aired by South Korea’s Ministry of SMEs and Startups on Monday for an amendment to the country’s existing venture business law that would, if enacted, exclude cryptocurrency exchanges from the category…

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AT&T Sued for $224 Million After Phone Hackers Rob Crypto Investor

Cryptocurrency investor Michael Terpin has sued the telecom giant AT&T, alleging that the company failed to protect his cell phone from a hacking incident that ultimately cost him $24 million. In a lawsuit filed by Los Angeles litigation firm Greenberg Glusker on August 15, Terpin claimed that AT&T’s employees have been complicit in a SIM swap…

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30% of UK Firms Hit by Crypto Mining Malware in a Month: Survey

Almost a third of U.K. businesses said they had been hit by cryptocurrency mining malware within the previous month, according to new research. In a survey published by Citrix, almost 60 percent of responding companies further indicated they had found mining malware on their systems at some time in the past, with the vast majority…

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‘Buy Crypto’: Kim Dotcom Warns Of Looming US Dollar Implosion

Entrepreneur and MegaUpload creator Kim Dotcom has repeated his belief in Bitcoin over fiat currency, telling fans directly to “buy cryptocurrency.” Dotcom: Crash ‘Is Coming 100 Percent’ In a series of tweets August 12, Dotcom, whose Bitcache project incorporates a Bitcoin wallet, warned over US national debt and the need to avoid the dollar. “Trust…

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Jamaica Stock Exchange to Trade Crypto Assets in 2018

The Jamaica Stock Exchange (JSE) will soon be offer cryptocurrencies as tradeable assets for clients. The company said Tuesday that it had signed a memorandum of understanding (MoU) with blockchain startup Blockstation for the creation of a new digital assets trading platform. While it is not clear which tokens will be initially listed, the platform…

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Marvel Weighs Legal Move Against Crypto Startup’s ‘Wacoinda’ Plans

Marvel is not yet sure if it will oppose a cryptocurrency startup playing off the name of the fictional nation of Wakanda from the Black Panther film. The comic book giant’s subsidiary, Marvel Characters, filed for extensions with the U.S. Patent and Trademark Office to receive more time before deciding whether it will oppose the…

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Bitcoin Cash Crunch: Bitmain IPO Makes Crypto Industry Uneasy

Cryptocurrency mining giant Bitmain continues to gain attention over its initial public offering (IPO) as critics raise the alarm over its financial outlook. Bitcoin Cash Bets As Bitcoinist reported at the end of July, the manufacturer announced its plans to hold a $14 billion IPO before the end of 2018, having achieved Q1 profits of…

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