$72M Crypto Fund Backed by Paul Tudor Jones and LL Cool J Comes Out of Stealth

The firm will tokenize the real estate assets in several tranches. Investors will earn yields through stablecoins and OM tokens. 06:22 Philippines Taps Blockchain 04:56 BlackRock CEO Predicts Tokenization Is the Future of Markets 00:48 Tokenization on Public Blockchains Democratizes Access: Securitize CEO 07:08 Bitcoin Bounces Back Above $20K Mantra Chain will tokenize $500 million

This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices 00:52 Ether ETFs Saw Biggest Outflows Since July 01:01 Bitcoin Breaks $64K While Gold Soars 00:56 ETH/BTC Ratio Slid to Lowest Since April

markets View Bitcoin’s drop from $10,949 to $9,855 (Wednesday low) may be a bear trap, as selling volumes have dropped throughout the price pullback. A widely-tracked 4-hour chart indicator is reporting a bullish divergence and the daily candlesticks are signaling seller exhaustion. BTC could rise above $10,270, confirming a falling wedge breakout on the 4-hour…

We continue to live through crypto history. Regulators recently moved aggressively forward with some major initiatives in the cryptocurrency space. There’s a lot to unpack there, and I won’t get into the specifics, but overall, the developments give the industry a chance to have meaningful discussions with the SEC about the future of crypto. A…

news UPDATE (April 8, 13:40 UTC): The funding round was led by Initialized Capital, not Pantera Capital. The headline has been updated. A San Francisco-based decentralized exchange (DEX) called Sparkswap launched Monday, becoming the first North American exchange to fully integrate the lightning network, a bitcoin scaling solution. Sparkswap is funded by a $3.5 million…

Jul 18, 2020 at 12:30 UTCUpdated Jul 18, 2020 at 12:33 UTC(Sebastian Herrmann/Unsplash)The initial coin offering boom of 2017 and 2018 was the closest crypto came to mass adoption. It was a period of market and media exuberance. The Gray Lady, aka the New York Times, perhaps looking to court the new taste-makers and the…

Jul 21, 2020 at 14:05 UTCChina’s Blockchain Infrastructure to Extend Global Reach With Six Public ChainsThe Takeaway: China's state-backed Blockchain-based Service Network (BSN) has integrated with six public chains including Tezos, NEO, Nervos, EOS, IRISnet and Ethereum.Developers on these six blockchains will be able to build dapps and run nodes using data storage and bandwidth…

It’s been interesting attending the Sam Bankman-Fried trial at the same time that the industry is gearing up to launch spot bitcoin ETFs.Roughly a year ago, the collapse of FTX was the capstone to a brutal year for the crypto markets. It was like a nuclear bomb going off in the industry. General entrepreneurial activity

Aug 14, 2020 at 15:00 UTCUpdated Aug 14, 2020 at 15:10 UTCCrypto payments startup Wyre is offering white-labeled savings accounts that dole out interest on crypto, the company announced Friday.  Wyre’s client list includes startups like crypto custody firm Casa, wallet provider BRD and traditional enterprises like banks. “Partners of Wyre are able to offer…