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Challenger banks rake in venture capital bucks

Changing consumer attitudes about these companies and the emergence of open banking have made them appealing to venture investors, whose commitments rose 15% in the first half of the year.
American Banker

Former Coinbase CTO believes crypto will transform venture capital

Balaji Srinivasan, the former CTO of Coinbase and general partner at Andreessen Horowitz, believes that cryptocurrencies will bring about significant changes to the world of investing. The industry has created new ways of raising capital, allowing it to come off the sidelines and “flow like water,” Srinivasan said. What’s next for crypto? Blockchain and cryptocurrencies have infiltrated some of the biggest industries today and have deeply impacted the way people see money. After disturbing the foundations of supply chains, money transfers, and gambling, many were left wondering what crypto would shake-up next. Balaji Srinivasan, angel investor and former CTO of Coinbase, believes that the next thing crypto will conquer is venture capital. With companies like Earn, Counsyl, Teleport, and Coin Center under his belt, Srinivasan provides a unique perspective on the future of the industry. In a lengthy Twitter thread, Srinivasan said that cryptocurrencies have the potential to turn everyone into an investor. He compared cryptocurrencies to the advent of the internet, which instantly “turned every single user into a publisher.” He also seemed to believe that digital assets offer a new and exciting channel for investing. “All this capital comes off the sidelines and flows like water,” Srinivasan wrote. He explained that apart from the right pitch, crypto companies need very little to raise a significant round of funding “in real time.” What's next? Crypto may turn everyone into an investor just like the internet turned everyone into publishers. All this capital comes off the sidelines & flows like water. With the right pitch, raise a round in realtime. Influencers like entrepreneurs, followers like investors. https://t.co/nA0efaI8e2 — Balaji S. Srinivasan (@balajis) August 6, 2019 The industry going the right way despite the obstacles that await This isn’t only theory, Srinivasan wrote, as there are already many examples showing that the industry is heading in the direction he predicted. The rise of initial coin offerings (ICOs), equity crowdfunding and influencer monetization shows that cryptocurrencies have already deeply impacted the way people raise money. Pioneer App was cited as a great example of how blockchain has enabled the creation of platforms that allow people to raise money for their cause or startup almost instantly. “Capitalist networks like this would be to today’s online crowdfunding what Twitter was to Blogger. Faster, easier, slicker,” he said. However, cryptocurrencies as a method of fundraising still have a lot to prove. Peter McCormack, the host of “What Bitcoin Did” podcast, said that despite all of the possibilities they open, cryptocurrencies still have a long way to go before they can directly compete with venture capital rounds. “Crypto as a method of fundraising has a lot to prove. Yes it may open up the opportunity to more [money], yes capital might flow like water, but: 1) The checks and balances of VC rounds are helpful, 2) Idiots raising large sums from inexperienced investors, 3) The incentive model is screwed,” responded McCormack. While no hard conclusion was reached, Srinivasan’s thoughts started an interesting conversation. Many different voices contributed to the discussion, but almost every single most agreed that despite the obstacles, the crypto industry is changing venture capital. The post Former Coinbase CTO believes crypto will transform venture capital appeared first on CryptoSlate.
Cryptoslate

US Capital Global Securities Announces Addition of Blockchain Technology Venture Capital Fund to Its Portfolio

San Francisco, California, July 29, 2019 (GLOBE NEWSWIRE) -- US Capital Global Securities, an affiliate of US Capital Global, is offering to accredited investors a $10 million equity investment in CityBlock Capital's first tokenized venture fund, NYCQ Fund LP (the "Fund"), as the Fund's exclusive placement agent. US Capital Global Securities recently added the Fund to its own expanding portfolio. The Fund has holdings in leading names in the FinTech and blockchain infrastructure arena, including Coinbase, Bakkt, Nomics, and Tagomi:* CityBlock banner Portfolio company logos • Headquartered in San Francisco, Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like Bitcoin, Ethereum, and Litecoin. Coinbase's global revenue last year totaled approximately $520 million, according to Reuters. • Bakkt is ...Full story available on Benzinga.com
Benzinga

‘Bitcoin Not Blockchain’, As Crypto Venture Capital Falls 60%

According to new research from CB Insights, blockchain venture capital is on track for a 60% decline when compared to 2018 figures. With Bitcoin price on the rise, it’s fair to suggest that blockchain startups are out this year and Bitcoin is back in. Disentangling Bitcoin From Blockchain One of the great things about Bitcoin is that even critics could generally see value in its underlying blockchain technology. The ‘Blockchain not Bitcoin’ mantra was repeated often and everywhere, much to the chagrin of Bitcoin maximalists. As bitcoin price exploded through the second half of 2017, everything blockchain related came with it. Then, during the crypto-winter of 2018, as people exited bitcoin in droves, DLT technology was the thing to cling on to. Bitcoin was just one tiny application of the nascent fintech. Alibaba CEO, Jack Ma, claimed that, although Bitcoin was a bubble, blockchain was not, and his company would focus solely on blockchain. Even the notoriously crypto-hostile Chinese government wanted to dominate the blockchain scene. While ICOs were falling out of favour, and cryptocurrencies were shedding value like it was going out of style, venture capital investments in blockchain startups hit a record high of $4.1 billion in 2018. Bitcoin Bounces Back While Blockchain Bombs Bitcoin’s rebound from December 2018 lows has come at a time when new data suggests investment into blockchain startups is dropping. The the first half of 2019 saw just 227 deals between traditional venture capitalists and crypto startups. According to CB Insights, the level of investment has totalled just $784 million. That would give a projected figure for the whole of 2019 of around $1.6 billion, representing a drop of over 60% on 2018 levels. Further insights from the report suggest that inflows of cash from corporations are on ‘an even sharper decline,’ and that ‘a growing share of [the investment which is happening] is going to early-stage startups’. ICOs have been out funded by venture capital for four straight quarters, although both are declining. Meanwhile increasing BTC price 00 and market cap suggests renewed interest in the space. blockchain bitcoin So it seems we are back to ‘Bitcoin not blockchain’, which will keep the maximalists happy, at least. Future Outlook For BTC and DLT There is certainly an increased sense of optimism in the cryptocurrency space, with keystone currencies like Bitcoin and Ethereum seeing speculation and volume surge in recent months. Corporate interest from the likes of Facebook, Visa and JP Morgan has seen renewed enthusiasm, giving the blockchain space a second wind. This is likely to also be good news for startups, who are well positioned to help larger corporations and institutions enter the market. Whether that spells a renewed interest in venture capital, however, remains to be seen. What do you think of these latest findings? Let us know your thoughts in the comment section below!  Images via CB Insights, Shutterstock The post ‘Bitcoin Not Blockchain’, As Crypto Venture Capital Falls 60% appeared first on Bitcoinist.com.
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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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Bitcoin Struggles As BAT And ETC Lead The Charge

The cryptocurrency market has somewhat stabilized, presenting a predominantly green landscape as Bitcoin struggles to stay above the psychological $10,000 marker.   Cryptocurrency Market Situation. Source: Coin360   Sentiment for Bitcoin has seen a moderate improvement towards a strongly neutral outlook.   Bitcoin Sentiment Chart by theTIE.io   Despite this overall lukewarm performance, proponents of Bitcoin’s store of value potential have reason to rejoice today. According to a report by Digital Asset Data, BTC is increasingly gaining correlation with the broader asset markets – positively with gold, and negatively with the stock market. With a recession looming on the global economy, Bitcoin could fulfill the role of a “safe haven asset,” to which investors flock during uncertain economic times. Altcoins see recovery with ETC and BAT leading The rest of the cryptocurrency market is seeing strong corrections from yesterday’s fall, with two strong outliers making significant gains. Basic Attention Token is strongly reacting to its new listing on Kraken, a popular exchange part of Weiss Ratings’ Real 10 index of platforms reporting true volume. BAT has gained more than 15% on yesterday’s price, while curiously its partner-in-listing WAVES has registered a much more modest 4%. The stark difference can be explained by the contribution of other fundamental drivers, with BAT recently launching the much-anticipated online tipping feature in its browser.   BAT Recent Price Trend. Source: CoinMarketCap   The other outlier is none other than Ethereum Classic, which after an against-the-grain rally on Tuesday has continued today with a 14.6% gain. The total 7-day performance is a solid +21%, by far the highest in the top-50. As before, it’s difficult to give a meaningful explanation of the rally. The upcoming ETC Atlantis hard fork is scheduled in about 22 days, too far ahead to justify any price action, though the final confirmation was released on Monday. The run is likely to be due to a combination of factors, including possible whales entering ETC positions. The rest of the altcoin market is seeing moderate recoveries, with IOTA, TRON and Cardano gaining 8%, 6.32% and 6.42% respectively as the rest average on 3-4%.   The post Bitcoin Struggles As BAT And ETC Lead The Charge appeared first on Crypto Briefing.
CryptoBriefing

Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health

Coinspeaker Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network HealthA famous crypto startup firm recognized as Casa that offers primary management service, and Bitcoin node machine has launched a node monitor as well as accompanying reward program to develop Bitcoin network health.The firm revealed the latest innovation in an official website article on Aug. 21. Per the announcement, the node monitor known as Node Heartbeats depends on creating a brief relationship between the server of Casa plus, an internet synced and Tor-activated node owned by a user. The rewards program enables Casa node subscribers to earn 10,000 SatsBack weekly in exchange for operating 5 Node Heartbeat checks weekly, on separate days.SetBack can reportedly be converted for Bitcoin (BTC) just once per day on Keymaster app for Casa, as long as a consumer has garnered a minimum of 50,000 SatBack points. According to the report, Casa is firmly convinced that it`s hectic for consumers to keep up with the trend on their node`s uptime as well as security. By offering an inducement program to leapfrog node health, the firm reportedly expects to enhance the overall health of the Bitcoin network.How the Node Heartbeat OperatesTo verify that node is online, the company makes a concise link from their server to the users Casa Node. For this to be manageable, the user`s node must be synced, online, and with Tor activated. But with Tor, that indicates the node Heartbeat secures user`s privacy.Speaking of privacy, the Node Heartbeat only utilises the connection code of the consumer-the same code that is already existing in explorers and that which the consumer release to others who are willing to launch a channel with them. Sats App automatically submits the code for the users when they send a Heatbeat to saves them from the agony of looking it up.Guess Who Is The Latest Casa Investor?Charlie Lee, Litecoin (LTC) founder revealed just three days ago that he has heavily invested in Casa. He went ahead to praise Casa for spearheading BTC acceptance, indicating:“I have the same feeling about Casa today as I had about Coinbase when I joined in 2013 as the 3rd hire. Casa is making Bitcoin easy to use, and that is extremely important for this space. Looking forward to great things!”New Node Monitor by Lightning LabsAs initially reported by Cointelegraph that the designer of the high-speed transaction protocol Lightning Network, Lightning Labs recently unveiled an alpha version of a node monitor. The invented device, called Indmon, allegedly enables nodes operators to supervise node functions in real-time. Network cases this year reportedly influenced the developers to design a tool for preemptively detecting network and node issues.Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health
Coinspeaker

Gemini Exchange Launches In Australia in Effort to Expand its ‘Crypto Needs Rules’ Brand

One of the most prominent exchanges, Gemini which is owned by Winklevoss Twins is now available for Australian crypto users. “Cryptocurrency is the future of money, and we're committed to building a bridge to that future in Australia.” – @tylerwinklevoss We are thrilled to announce that starting today, we are operational in Australia 🇦🇺 Read […]
Bitcoin Exchange Guide

Tether to Launch RMB Stablecoin "CNHT"? CryptoNews

Tether is rumored to launch RMB Stablecoin. Such a move could land crypto in serious trouble in China as the RMB is tightly controlled and regulated. Binance Venus is also on its tails. Ukranian miners accidentally leak sensitive Nuclear Powerplant data. #Cryptocurrency #crypto #Tether RMB Stable Coin https://boxmining.com/tether-to-issue-rmb-cnht-stable-coin-rumor/ https://www.asiacryptotoday.com/tether-to-make-a-chinese-rmb-pegged-token-called-cnht https://cointelegraph.com/news/ukraine-crypto-miners-arrested-for-compromising-nuclear-plant-security https://www.coindesk.com/bitcoin-miners-halt-operations-as-rainstorm-triggers-fatal-mudslide-in-china 👍🏻Subscribe to Boxmining for Cryptocurrency Insight and News: https://www.youtube.com/c/boxmining 🔒Hardware Wallet: http://boxmining.co/ledger 👍🏻Brave Browser: http://boxmining.co/brave 📲Enjin Wallet: http://boxmining.co/enjin 👍🏻Unstoppable Domain: http://boxmining.co/unstoppable 📲Binance Exchange : http://boxmining.co/binance #Bitcoin #Ethereum #Cryptocurrency ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Telegram groups (Discuss Crypto with us!) Telegram Discussion Group: https://t.me/Boxdatamining Telegram Announcements: https://t.me/boxminingChannel ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ♨️Social (Add me on Social Media!) Instagram: https://www.instagram.com/boxmining/ Twitter: https://twitter.com/boxmining Facebook: https://www.facebook.com/boxmining Steemit: https://steemit.com/@boxmining ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
Boxmining

Kraken To List Basic Attention Token (BAT) and Waves

Kraken has announced they will be listing BAT and WAVES, with pairs denominated in USD, EUR, BTC, and ETH. Trading commences at 13:30 UTC on August 22, 2019, and deposits will take 30 and 10 confirmations before being credited to users Kraken balances for BAT and WAVES, respectively, August 21, 2019. Kraken Expands Altcoin OfferingsRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager
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