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Paul Verdattakit Of Pantera Capital: There is Still Space For Global Exchanges To Invest

A partner at Pantera Capital, Paul Verdattait said that there is still room to invest in exchange. Founded in 2013, Pantera Capital is one of the oldest investors in the nascent market for digital currencies. Back when Bitcoin was peaking, they had shown returns for 25,000% returns on BTC. Verdattakit said: “We decided to invest […]
Bitcoin Exchange Guide

A Conversation with Paul Veradittakit, Partner, Pantera Capital

On this episode of The Scoop, The Block welcomed Pantera Capital partner Paul Veradittakit to talk about the firm's history, why it sees more room for investing in the crowded cryptocurrency exchange market and how the firm plans to fend off new upstart challengers in the years to come. The post A Conversation with Paul Veradittakit, Partner, Pantera Capital appeared first on The Block.
The Block Crypto

Pantera Capital Invests In Polkadot And Three Other DLT Projects

Hedge fund and investment firm, Pantera Capital has invested in Polkadot and at least three other scalability-focused projects. Others that have been adopted by Pantera include Filecoin, Origin and BloXroute according to a report by Forex Crunch on Thursday. All four projects are distributed ledger technology-focused (DLT) firms and the aim of the collaboration is to solve major scalability problems faced in the crypto space. If things work out as planned, then the projects are likely to be launched before the end of 2019 according to Dan Morehead, the CEO of Pantera Capital. He said, “These technologies and apps aren’t developed overnight. The reality is that investing in them is like early-stage venture but with a real-time price feed”. Additional Robustness to Pantera Capital’s Blockchain Infrastructure Morehead, speaking on the possibility that this collaboration might bring scalability solutions, admitted that blockchain technology is a major tool for developmental transformation of financial sectors operating in this present century. Although blockchain brings opportunities of massive innovation to several sectors, it also exhibits a major yet-to-be-solved issue of scalability. In Dan’s words, “We have been supporting them since their earliest stages of development and are excited to see working products ship. Not only will this bring more liquidity to our ICO funds, but also bring additional robustness to blockchain infrastructure.” Blockchain Scalability Issue Attracts Synergistic Actions While Pantera Capital is an investment firm experienced in both traditional finance and emerging blockchain technology, Polkadot makes its own unique contribution by developing a technology that would make use of relay chains and parachains to connect separate blockchain networks, thereby enabling cross-chain communications with zero friction. Origin, on the other hand, will be focused on building a protocol that will facilitate the operations of decentralized marketplaces on the Ethereum smart contracts networks, ensuring direct connection between buyers and sellers. By using the Ethereum blockchain to eliminate the need for third parties that charge up to 30% commissions on transactions, Origin can bring about massive cost savings for the transacting parties. According to Origin, “The total addressable market within the sharing economy model is huge and so are the fees charged by the middlemen in control: Uber, Lyft, Airbnb and others. Eliminating these entities would reduce costs for both the buying and selling parties.” The post Pantera Capital Invests In Polkadot And Three Other DLT Projects appeared first on Coingape.

Pantera Capital Invests in Four Scalability-Focused DLT Projects

Pantera Capital, a distributed ledger technology (DLT) focused investment firm and hedge fund has adopted four blockchain projects aimed at solving the age-long scalability problems of the cryptoverse. The projects include Polkadot, BloXroute, Origin, and Filecoin, reports Forex Crunch on August 29, 2019. Pantera Capital Focused on Eliminating Scalability Issues  Of a truth, blockchain technologyRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

Pantera Capital: Bitcoin’s 8-Year-Compound Annual Growth Rate is Massive

Cryptocurrencies like Bitcoin represent a new asset class that has the lowest correlation to traditional assets, as well as one the best annual performance records. This is the conclusion of blockchain-oriented hedge fund Pantera Capital, which recommends investors to diversify portfolios by allocating a share of it to cryptos. Bitcoin Has Almost No Correction to Traditional Assets Pantera CEO Dan Morehead said in a letter published on Medium that Bitcoin and blockchain businesses had almost no correlation to other asset classes. He presented three-year weekly returns and proved that Bitcoin has hardly traditional assets like stock indices and commodities. According to Morehead, in the 1980s, there was little correlation between traditional asset classes like bonds, currencies and commodities. However, investors became aware of the potential of diversification and ended up managing similar portfolios. Pantera CEO said, Bond investors just owned bonds. Equities investors knew nothing of currencies. People who traded oil, just traded oil and so on. As modern portfolio theory took over, everyone wanted to have a diversified portfolio. Ironically, they all ended up buying the exact same portfolio Investment products such as the Goldman Sachs Commodity Index boosted the correlation effect among assets that previously behaved quite differently. Bitcoin and the entire blockchain ecosystem are like a breath of fresh air for both retail and institutional investors. They are great not just because they can preserve wealth in moments of major crises, but also because they generate more than decent returns irrespective of what’s happening elsewhere. If you can find an asset that has a 235% eight-year-compound annual growth rate and basically zero correlation with anything else, you should own some. Pantera Revealed 4 New Projects In the same letter, Morehead announced four new projects that Pantera has supported since their earliest stages of development. The CEO also discussed the shift from initial coin offerings (ICOs) to initial exchange offerings (IEOs), with the latter already accounting for 82% of all blockchain-related crowdfunding events. The four projects backed by Pantera are: Polkadot – the platform aims to bridge various blockchains through an ecosystem of relay chains and parachains. BloXroute – a solution to scale traditional blockchains. Origin – a protocol for developing Ethereum-based decentralized marketplaces. Filecoin – a decentralized platform for file storage. Pantera hopes these projects to bring more liquidity to its ICO funds and contribute to the blockchain infrastructure in general. Do you think blockchain and Bitcoin will soon merge with other asset classes in terms of performance correlation? Share your thoughts in the comments section! Images via Shutterstock, Medium (@PanteraCapital) The post Pantera Capital: Bitcoin’s 8-Year-Compound Annual Growth Rate is Massive appeared first on

Bitcoin (BTC) Undervalued, Would Be Worth $356,000 by 2022 Says Pantera Capital Founder

Bitcoin (BTC) prices reacting from $9,500 Dan Morehead of Pantera Capital projects price to hit $356,000 by 2022 Pantera Capital’s founder, Dan Morehead, in a podcast, said Bitcoin is growing at a compound annual rate of 235 percent. At this pace, BTC’s would be worth $42,000 by the end of the year. Meanwhile, prices are relatively calm, up roughly two percent in the last day. Bitcoin Price Analysis Fundamentals By acting as money and a settlement layer, Bitcoin is a topic of discussion amongst politicians. All the same, considering the receptiveness of governments toward blockchain, the underpinning technology of Bitcoin, fund managers are noticeably bullish. Of the many, Dan Morehead, the founder of Pantera Capital, is optimistic of Bitcoin’s future. Not only does he say scalability, a persistent problem for Bitcoin and other public chains, will be resolved as the network grows, but he encouragingly adds that BTC prices would increase more than ten-fold in the next three years. In one episode of the Unchained podcast, aired on July 23, he said: “Graph the price of Bitcoin logarithmically […] its trend is going to grow at 235% compound annual growth rate and […] that put Bitcoin at $42,000 at the end of 2019. And I know this sounds crazy, but we’re essentially halfway back there. […] I think it’s a good shot that by the end of the year we hit that. And if you just extrapolate that line out for another year, it’s $122,000 per Bitcoin and then one more year, $356,000.” Candlestick Arrangement Presently, BTC is back to green, adding 1.9 percent in 24 hours. Interestingly, prices are reacting from $9,500, a significant support level. In a clear bullish trend, risk-off traders can nonetheless liquidate the asset on every high as long as prices are trending below $11,200. This line of thought is because $11,200 is the next resistance line. The level marks the upper limit of the two conspicuous bear candlesticks of July 14 and July 16. Besides, BTC prices are trending inside July 16 candlestick. From an effort versus result point of view, sellers have the upper hand. Therefore, unless there are upswings, lifting BTC above $11,200, bears have the upper hand. Upon breakout, mirroring the superb gains of Q2 2019, BTC would easily float back to $14,000 or better, in days ahead. Technical Indicators As such, July 16 bear candlestick is leading this trade plan. Aforementioned, the breakout above $11,200, reaffirming buyers of July 14, ought to be with high trading volumes above 43k. In such an eventuality, the first bull target will be $15,000, and later $18,000. Conversely, steep losses below $9,500 would trigger a collapse to $7,500. Chart courtesy of Trading View. Image Courtesy of Shutterstock Bitcoin (BTC) Undervalued, Would Be Worth $356,000 by 2022 Says Pantera Capital Founder was last modified: July 25th, 2019 by Dalmas NgetichThe post Bitcoin (BTC) Undervalued, Would Be Worth $356,000 by 2022 Says Pantera Capital Founder appeared first on NewsBTC.
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Pantera Capital news by Finrazor


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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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 and AntPool

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HUGE Altcoin Updates! Stellar, Binance US, Tomochain, Digibyte, NEO, Monero, Bitcoin Bakkt

Binance Adds BNB to Binance US A brief history of the world of crypto. Plus, all of the latest news and updates from the Stellar Developers ecosystem How TomoChain’s TomoZ intends to take on Ethereum market share! Virtual Rehab with Virtual Reality is now solving real-world problems Celer Network and NEO Are Launching a Partnership Bitcoin #Bakkt Tweet Big! #Monero ready to use Zcoin’s Privacy protocol #digibyte lists on UpHold #bitcoin #cryptocurrency #altcoin #altcoins #crypto #btc $BTC #bitcoinprice #ethereum #electroneum #cardano #enjin #hpb #digibyte #bitcoinnews #btcnews #libra #chainlink #ripple #xrp #xrpripple #binance #bitcoinnewstoday #cryptonews #litecoin #cryptocurrencynews #news Bitcoin cryptocurrency altcoin altcoins crypto btc $BTC bitcoin price ethereum electroneum enjin cardano digibyte bitcoin news btc libra chainlink ripple xrp ripple Binance bitcoin news today crypto news Litecoin cryptocurrency news hpb high performance blockchain $xrp $enj $etn $ltc $dgb $ada NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Celsius Network Offers up To 12% APR on USDC, TUSD, USDT and Other Stablecoins

The Celsius app offers the industry highest rates and supports six different stablecoins all eligible to earn up to 12.03% annually with interest paid out weekly Celsius Network (, the industry-leading cryptocurrency platform, announces today it has increased interest rates for stablecoin deposits to 12.03% APR. Users who choose to earn interest in Celsius Network's blockchain-based CEL token can earn up to 30% more than the 9.25% depositors who are paid in-kind on their coins. Celsius is raising its rates because it is consistently earning higher returns on its deposits and distributes 80% of its income to its depositors; as it earns more, it distributes more. Unlike other platforms, ...Full story available on

VanEck, SolidX Pull Bitcoin ETF Filing From SEC Consideration

Less than two weeks after VanEck and SolidX rolled out the VanEck SolidX Bitcoin Trust ETF (XBTC), a bitcoin exchange traded product aimed at institutional investors, the firms said they're withdrawing plans for bitcoin exchange traded fund aimed at a broader swath of investors. What Happened The ETF issuer and the fintech firm pulled the filing from consideration by the Securities and Exchange Commission on Sept. 13. The agency had delayed an ultimate decision on that product, as it has with various other bitcoin ETF proposals, several times, but was facing a hard and fast deadline of Oct. 18 to approve or disapprove the VanEck SolidX Bitcoin Trust. “Tuesday’s filing marks the second time VanEck and SolidX withdrew the proposed ETF. ...Full story available on

IOTA Introduces Chronicle Permanode to Amend Scalability Issues

IOTA, a permissionless trust protocol designed to revolutionize the Internet of Things (IoT) ecosystem by facilitating a frictionless exchange of value between machines and humans, has announced the launch of Chronicle, a permanode solution the team hopes will give node operators an unlimited amount of storage space in their Tangle distributed database, according to aRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

Wells Fargo Plans Blockchain-Based Internal Settlement Services

The world’s fourth-largest bank, Wells Fargo, announced plans to use its digital token to pilot internal settlement services, which would run on its distributed ledger technology (DLT) platform. Per the press release September 17, 2019, the pilot project is expected to take off in 2020 and would initially focus on USD transfers.  Digital Token forRead MoreRead More. The post by Anthonia Isichei appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager
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