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Ledger Announces New CEO and $2.9 Million Samsung Investment

In an official statement dated April 24, 2019, Ledger CEO Eric Larchevêque announced that he would be stepping down from his role to take on the duties of Chairman of the Board at Ledger. Pascal Gauthier will step into the role of CEO. The firm also reported a $2.9 million investment from tech giant Samsung.Read MoreRead More. The post by Tokoni Uti appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

Final Frontier and Bitfury Launch Regulated Bitcoin Mining Fund

Following approval from European authorities, Swiss investment firm Final Frontier is partnering with Bitfury Group to launch a regulated bitcoin mining fund for personal and institutional investors.Bitfury announced the partnership on April 24, 2019, describing the project and some of the advantages that this mining fund will offer to investors.According to the Bitfury Medium post, the fund will look to introduce more investors to the difficult-to-access world of bitcoin mining “by offering exposure to bitcoin mining via a fully regulated fund in a European jurisdiction, with top-tier service providers.”Investors in the fund will help to financially support Bitfury’s various mining farms in locations with the lowest operational costs, the company claims. John Mercurio, Bitfury’s chief communications officer, told Bitcoin Magazine that these sites are scattered worldwide and “are all operating under the Bitfury brand.”Mercurio also mentioned that the fund will require little from investors outside of their capital. After stakeholders “subscribe to the fund,” he explained, Bitfury “makes the investment/acquisition and oversees the entire life cycle.” The fund will then pay these investors annually in euros for as long as they choose to participate in it (assuming ongoing profitability).In addition to the stipulation that payouts must be in this specific fiat currency, rather than in any particular crypto asset, Mercurio also confirmed that the fund is only open to accredited investors. When asked if the fund has seen preliminary interest from investors, Mercurio would not disclose any information.In the Medium post, Bitfury’s CEO Valery Vavilov called this project “a novel way of accessing bitcoin mining opportunities” with a solid path for “creating financial opportunities and furthering institutional adoption of bitcoin.”Final Frontier’s co-founder Imraan Moola concurred, claiming that “now may be an opportune time to consider investing in bitcoin mining,” per the post.With access to Bitfury’s worldwide mining resources, this fund offers an alternative to just hodling bitcoin. While other mining companies offer similar outside investments opportunities, the fund is something of a standout in offering a dedicated mutual fund to this end. This article originally appeared on Bitcoin Magazine.
Bitcoin Magazine

SEC, CFTC Issue Investment Warning on Crypto Scams

Sensing a rise in crypto-related scams and fraudulent investment schemes, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have issued a joint warning to investors, encouraging them to take a more thorough approach to verifying potential investments in the space.The warning was published on April 24, 2019, by the SEC’s Office of Investor Education and Advocacy and the Office of Customer Education and Outreach at the CFTC.In the notice, the agencies described crypto-related investment scams in which perpetrators — disguised as cryptocurrency trading businesses and advisory firms — collect funds from unsuspecting investors.“In some cases, the fraudsters claim to invest customers’ funds in proprietary crypto trading systems or in ‘mining’ farms. The fraudsters promise high guaranteed returns (for example, 20-50%) with little or no risk,” according to the warning. “After the investors make an investment, typically using a digital asset such as Bitcoin, the fraudsters in some cases stop communicating with the investors altogether.”The agencies also provided six warning signs that investors should look for before making financial commitments in any crypto-related project.The agencies’ warning signs include “guaranteed” high investment returns, pressure to buy immediately, unsolicited offers, unlicensed sellers, complicated terminologies and jargon-filled documents, as well as the terms of the potential investment sounding just “too good to be true.”The SEC and the CFTC also urged potential crypto investors to check Investor.gov to cross-reference the licenses of any scheme operators with the SEC’s official database, as any investment that is unregistered or unlicensed is most likely a scam. Those who had invested in what they suspect to be a scam can also report the program and its operators on the site. This article originally appeared on Bitcoin Magazine.
Bitcoin Magazine

Crypto wallet and investment app Ambo launches on iOS

CryptoNinjas Ambo, a cryptocurrency wallet and investment app, which was acquired by MyCrypto earlier this year, in order to push into mobile, announced this week its official launch on iOS. Ambo reports having completed a full security audit prior to launch, ensuring the app has met the highest standards... Crypto wallet and investment app Ambo launches on iOS
CryptoNinjas

Hardware Startup Ledger Receives $2.9 Million Investment From Samsung

Samsung has decided to invest $2.9 million in the cryptocurrency hardware wallet manufacturer Ledger. The investment amounted €2.6 million and it gives a valuation of €260 million to […] The post Hardware Startup Ledger Receives $2.9 Million Investment From Samsung appeared first on UseTheBitcoin.
Use The Bitcoin
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Investment news by Finrazor

DIGEST

Traditional Investors shift to OTC Bitcoin markets, Pantera Capital raises $115M, Peter Thiel backs a $2.1M seed round for Layer1, Medici Ventures acquires shares of Chainstone Labs, Vostok Project secures $120M, Ubique Networks partners with SLT, INCX launches in partnership with Bittrex, Issuance partners with Prime Trust, Coinbase and TokenSoft partner up, TRON Arcade to work with Gumi Cryptos

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DIGEST

CONSOB suspends two projects, Kakao invests in Orbs, TokenSoft invests in a SEC-compliant broker-dealer, Weiss Ratings recommends to buy BTC, France wants to invest $569M in blockchain, crypto-focused VCs invest $30M in Good Money, Tim Draper invests $1.25M in OpenNode, Waves partners with TSA, ICON partners with LayerX, BitDeer teams up with BTC.com and AntPool

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DIGEST

Trustology gets $8M, Coinbase launches OTC, BTC scams Singapore investors, UNICEF invests in six blockchain startups, Klaytn partners with Watcha and Atlas, Raise partners with African Legal Network, NEM plans to work with GUBI, Blockchain Association and eToro become partners, Tokeny partners with Security Token Network, Maker Ledger launches partnership with Neufund, KuCoin partners with Shrimpy, BitMart announces partnership with CertiK, SBI Holdings partners with R3, TokenIQ teams with DealBox

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DIGEST

Warren Buffett invests $600M, Coinbase is worth $8B, StarkWare acquires $30M, USD issues over $125M in investments, NXMH obtains Bitstamp, Algorand receives $62M, Thailand alerts against investments in ICOs, Ripple confirms the institutional investments growing, Kevin O’Leary invests $100M, Nouvive provides an investment observation, OK Blockchain Capital conducts an Investment Sentiment Survey, Steve Wozniak discusses his BTC investment

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DIGEST

Boost VC to invest in 100 crypto startups, People.ai receives $30M, Medici Ventures invests in Minds Inc, Elixxir receives seed investments, Vertex Ventures invests in Binance, Checkmate Capital invests in Bcause, Global Brian supports Omise, Cobo Crypto Wallet raises $13M, $15M for BitGo, TEMCO partners Foundation X, Animoca Brands teams up startups, Silver Cost Basis partners Voyager Digital, 3 strategies for crypto investors, ideas on where to invest, blockchain and crypto investments will grow

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OPINION

STO versus ICO: Not Just a Token Type But a Mindset

There are different ways of fundraising: venture capital, crowdfunding, ICO, IEO, STO with certain pros and cons. Finrazor and Monetizr, a project that preferred the STO campaign to an ICO, suggest to dive in the 'security token offering' concept and have a closer look at its features

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OPINION

Ways of Raising Capital for Startup

There are many ways of raising capital for your startup. You must consider all options and choose the one that best suits your particular venture. Here we provide an overview of seven common ways of funding to help you weigh the pros and cons of each source and make an informed decision.

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Bitfinex goes insolvent around the time of the April bubble, coincidence? No.

This is Willybot all over again. CryptoTrading claims 850mil is "seized" by officials. Bitfinex/Tether co obtain a 900mil line of credit with a 6.5% interest rate. Markets see unprecedented buying action, with Bitfinex as the leading exchange, leading to the 20k USD bubble. You can't tell me that the timing of this is all coincidence. This is the exact same thing that happened with MtGox and it's market manipulation effort to pay back its losses. On March 29, after further discussions, the representatives disclosed in a letter to the AG that the credit line had been closed and “during November 2018, Tether transferred $625 million held in its account at Deltec to Bitfinex’s account at Deltec. Ergo, Tether is not currently backed by a reserve (unless they have access to another credit line we aren't aware of, seems unlikely though). In other words a portion of this market is currently propped up by money that does not exist. So people can stop saying that this news "shouldn't impact Bitcoin", because it clearly should and will.
/r/BitcoinMarkets

XRP/USD and Stellar Lumens [XLM/USD] Price Analysis: Bear reigns as prices stagnate

The cryptocurrency market saw a roller-coaster ride over the past couple of months, and that was reflected in the prices and market caps of top cryptocurrencies. XRP, the third largest cryptocurrency, was stuck in the bear trap with no room for any bullish movement, while Stellar Lumens [XLM], which performed well at the start of the bull run, shared a similar fate to that of XRP. XRP 1 day Source: TradingView The one-day chart for XRP showed a downtrend that pulled the price from $0.517 to $0.371, while the long term support held at $0.291. The Bollinger bands moved parallelly due to the continuous sideways movement of the market. The Chaikin Money Flow indicator was below the zero line, as the capital leaving the market was much more than the capital coming into the market. The Awesome Oscillator recorded low amplitudes due to the lack of market momentum in the XRP ecosystem. XLM 1 day Source: TradingView XLM’s one day graph saw a drop in price from $0,278 to $0.138, while the long term support was at $0.074. The Parabolic SAR was above the price candles which signified that the cryptocurrency was going through a bearish atmosphere. The Relative Strength Index was closer to the oversold zone, a sign of the selling pressure being more than the buying pressure. The MACD indicator underwent a bearish crossover that caused the signal line and the MACD line to converge below. The MACD histogram was a mix of bearish and bullish signals. Conclusion The above-mentioned indicators clearly indicated that the cryptocurrency market was still in a bearish trudge and that there was no bull run in sight. This was evidenced by the significant drop in market momentum. The post XRP/USD and Stellar Lumens [XLM/USD] Price Analysis: Bear reigns as prices stagnate appeared first on AMBCrypto.
AMBCrypto

Bitfinex Allegedly Covers $850 Million Loss With Tether Funds

Bitfinex Allegedly Covers $850 Million Loss With Tether Funds The New York Attorney General’s office has alleged that crypto exchange Bitfinex lost $850 million and subsequently used funds from affiliated stablecoin operator Tether to secretly cover the shortfall, according to an announcement published on April 25. Attorney General Letitia James revealed that her office obtained […] Cet article Bitfinex Allegedly Covers $850 Million Loss With Tether Funds est apparu en premier sur Bitcoin Central.
Bitcoin Central
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