VC Roundup: Investors double down on funding for crypto, blockchain startups
This edition of Cointelegraph’s VC roundup features Plural Energy, Everclear, Ava Protocol, GoPlus, and other startups.
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Bitcoin Traders Now Eye $6-7Ks After 4 Failed Attempts to Break $10K
Since May 20 Bitcoin (BTC) price has dropped nearly 10%, shifting traders’ focus from taking out the $10K resistance to now holding above the all-important $8,800 support. The short-term bearish trend took hold after the top-ranked crypto-asset on CoinMarketCap experienced repeated rejections near the $10K mark, which took the form of higher lows at $9,942, $9,905…
ETH 2.0 benefits will come faster than people expect, Vitalik says in AMA
During a recent Ethereum Foundation AMA, Vitalik Buterin explained his expectations for Ethereum 2.0. Ethereum co-founder Vitalik Buterin recently answered a number of community questions as part of an ask me anything, or AMA, session on Reddit. During the AMA, hosted by the Ethereum Foundation’s ETH 2.0 research team, Buterin said that he expects noticeable…
VC Giant Grayscale Investments Reports Record-Breaking Year
Venture capital firm Grayscale Investments banked a stellar 2019 to surpass the $1 billion mark in total investments. By the numbersIn a comprehensive eighteen-page report, the firm touted a record Q4 in 2019. It raised $225.5 million into its investment products, lifting the year’s inflow to $607.7 million after back-to-back quarterlies over $225 million, possibly signaling…
Russian Economic Minister Says BTC Is ‘Soap Bubble’ But Lauds Crypto’s Influence on Tech
The Minister of Economic Development of Russia referred to Bitcoin (BTC) as a “soap bubble” that has has led to investors’ losses, Russian informational agency RBK reported Nov. 28.Minister Maksim Oreshkin, speaking in an interview with RBK, noted how the the cost of Bitcoin (BTC) has decreased dramatically, referencing the coin’s rise to $20,000 in…
Crypto News From the German-Speaking World: Sept. 9–15 in Review
The German-speaking world continues to see lots of developments in the crypto industry, as a Liechtenstein-based exchange is tokenizing a $25 million movie fund with actor Wesley Snipes, Austrian textile manufacturers use blockchain to go green and a Swiss crypto finance company expands its business into Asia. Here is the past week of crypto and blockchain…
Bitcoin slips below $39K as Fed sends gold to 6-week lows
It's been a bad 24 hours for the precious metal, which shed $100 per ounce thanks to the Fed's outlook. 611 Total views 1 Total shares Bitcoin (BTC) edged closer to $38,000 support on June 17 as comments from the United States Federal Reserve sparked a mass sell-off for gold.BTC/USD 1-hour candle chart (Bitstamp). Source:…
US Treasury warns crypto firms not to reimburse unknown ransomware victims
Malware payouts from insurance companies pose a threat to U.S. national security. Two offices of the U.S. Department of the Treasury have issued advisories on ransomware payouts, which they say pose a threat to national security. The Financial Crimes Enforcement Network or FinCen reminded cryptocurrency processing companies of their duty to file suspicious activity reports when…
Aleph Zero launches $50M ecosystem funding program
Aleph Zero is launching a $50 million Aleph Zero Ecosystem Funding Program, the layer-1 privacy-enhancing blockchain announced on April 18. The nonprofit Aleph Zero Foundation overseeing its development of Aleph Zero aims to support developer teams to build on its platform and advance blockchain adoption globally.In an interview with Cointelegraph, Aleph Zero co-founder Antoni Zolciak…