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A venture fund that will invest in crypto companies and protocols. Strategy - venture. Established in 2009, USA, by Marc Andreessen and Ben Horowitz, Andreessen Horowitz.

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YOU Have Access to an Emerging Trend in Crypto Investing?

There might be an emerging trend in crypto investing occurring, following A16z's investment in MKR and Placeholder/Paradigm's investment in NMR. The best part about this trend? Regular, average Joe retail investors have access to these opportunities. Let's talk about it all today! Sign up for the beta of HXRO and get 100 HXRO tokens https://cryptobobby.com/rekt (my ref link) Numerai Token Sale Raises $11 Million From VC Firms Paradigm, Placeholder: https://www.coindesk.com/numerai-token-sale-raises-11-million-from-vc-firms-paradigm-placeholder a16z crypto purchases 6% of MKR, backing Stablecoin Vanguard MakerDAO: https://medium.com/makerdao/a16z-crypto-purchases-6-of-mkr-backing-stablecoin-vanguard-makerdao-ff410a692393 #crypto #cryptocurrency ** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research.**
Crypto Bobby

New ERC-20 Stablecoin Generates up to 45% Profit to Crypto Investors

A new decentralized stablecoin from USDDex Japanese company will be available for purchase by crypto investors 1 month before its launch on cryptocurrency exchanges in a limited number with 45% bonus.  A new era in blockchain evolution Most analysts and experts at cryptocurrency market with certainty declare 2019 the year of stablecoins. The monthly traded value of only first five stablecoins exceeds $100 billion and continues to grow. The rapid industry growth is influenced by inflows of new technological players. One of them is USDDex, a Japanese company. Its founder, Hitoshi Shibata, who has been worked for 15 years at Mizuho Financial Group and is a member of Working Group on Japanese banking industry and blockchain integration, emphasized core advantages which allow USDDex Stablecoin to take one of the leading positions on the market. –  Fixed rate (1 USDDex = 1 USD) –  Ethereum ERC-20 Standard –  Absolute decentralization –  Certified security audit –  Open source code –  Adaptable to centralized exchanges –  Adaptable to decentralized exchanges –  Supported by all largest Ethereum wallets The model of decentralized stablecoins has already attracted attention and hundreds of millions of dollars financing from the largest venture companies, such as Google Ventures, Andreessen Horowitz, Digital Currency Group, MetaStable Capital, Pantera Capital, Bain Capital Ventures. USDDex development team has extensive experience in blockchain industry and in such projects as OpenVZ and Debian. The highest priority is set at cooperation with behemoths like 0x Relayers and leading cryptocurrency exchanges. USDDex complies with all highest requirements of the largest exchanges and is ready to launch in mid-April 2019. Why USDDex Company? USDDex professional team represents the world a breakthrough technology and a chance to develop the most independent, transparent and potentially greater stable monetary policy than ever before. USDDex is directly pegged to US Dollar and 1 USDDex is equal to 1 USD. Each USDDex is always collateralized in excess, so you never have to worry about its price fluctuations and its stability is guaranteed regardless the market behavior. The highest reliability rating is secured by open source code, multiple and thorough security audit and the possibility for any participant to look information on the locked collateral of each USDDex. According to forecasts, USDDex will eventually surpass the largest players and become the dominant and most useful stablecoin on the market. USDDex is technologically superb token which offers significant value, relevance and transparency. First large investors and several thousand active members of the community in industry have commended USDDex for its unique approach to so-called digital asset able to protect its value against volatility. How a crypto investor can reach up to 45% profit with USDDex? One month prior to the stablecoin official offering, USDDex team made a strategic decision to launch from March 19th an additional stage of sale with 45% bonus. Its main goal is open and active participation of crypto community in the life of the project. This approach affords opportunity to invest and gain profit to all willing crypto investors. The main closed round of investment had been conducted in December 2018 exclusively for investment funds and exceeded all expectations, having been successfully over in just several hours. Additional sale starts from March 19 on the official USDDex site. * The number of submitted applications and increased interest in the project from potential investors lead to the suggestion that the additional stage of sale will be completed for first hours. Disclosure: This is a sponsored article and does not necessarily reflect the opinions or views held by any employees of NullTX. This is not investment, trading, or gambling advice. Always conduct your own independent research. The post New ERC-20 Stablecoin Generates up to 45% Profit to Crypto Investors appeared first on NullTX.
NullTX

New ERC-20 Stablecoin Generates up to 45% Profit to Crypto Investors

A new decentralized stablecoin from USDDex Japanese company will be available for purchase by crypto investors 1 month before its launch on cryptocurrency exchanges in a limited number with 45% bonus. A new era in blockchain evolution Most analysts and experts at cryptocurrency market with certainty declare 2019 the year of stablecoins. The monthly traded value of only the first five stablecoins exceeds $100 billion and continues to grow. The rapid industry growth is influenced by the inflows of new technological players. One of them is USDDex, a Japanese company. Its founder, Hitoshi Shibata, who has been worked for 15 years at Mizuho Financial Group and is a member of Working Group on the Japanese banking industry and blockchain integration, emphasized core advantages which allow USDDex Stablecoin to take one of the leading positions on the market. –  Fixed rate (1 USDDex = 1 USD) –  Ethereum ERC-20 Standard –  Absolute decentralization –  Certified security audit –  Open source code –  Adaptable to centralized exchanges –  Adaptable to decentralized exchanges –  Supported by all largest Ethereum wallets The model of decentralized stablecoins has already attracted attention and hundreds of millions of dollars financing from the largest venture companies, such as Google Ventures, Andreessen Horowitz, Digital Currency Group, MetaStable Capital, Pantera Capital, Bain Capital Ventures. USDDex development team has extensive experience in blockchain industry and in such projects as OpenVZ and Debian. The highest priority is set at cooperation with behemoths like 0x Relayers and leading cryptocurrency exchanges. USDDex complies with all highest requirements of the largest exchanges and is ready to launch in mid-April 2019. Why USDDex Company? USDDex professional team represents the world a breakthrough technology and a chance to develop the most independent, transparent and potentially greater stable monetary policy than ever before. USDDex is directly pegged to US Dollar and 1 USDDex is equal to 1 USD. Each USDDex is always collateralized in excess, so you never have to worry about its price fluctuations and its stability is guaranteed regardless the market behavior. The highest reliability rating is secured by open source code, multiple and thorough security audit and the possibility for any participant to look information on the locked collateral of each USDDex. According to forecasts, USDDex will eventually surpass the largest players and become the dominant and most useful stablecoin on the market. USDDex is technologically superb token which offers significant value, relevance and transparency. First large investors and several thousand active members of the community in industry have commended USDDex for its unique approach to so-called digital asset able to protect its value against volatility. How a crypto investor can reach up to 45% profit with USDDex? One month prior to the stablecoin official offering, USDDex team made a strategic decision to launch from March 19th an additional stage of sale with 45% bonus. Its main goal is open and active participation of crypto community in the life of the project. This approach affords opportunity to invest and gain profit to all willing crypto investors. The main closed round of investment had been conducted in December 2018 exclusively for investment funds and exceeded all expectations, having been successfully over in just several hours. Additional sale starts from March 19 on the official USDDex site. * The number of submitted applications and increased interest in the project from potential investors lead to the suggestion that the additional stage of sale will be completed for first hours. The post New ERC-20 Stablecoin Generates up to 45% Profit to Crypto Investors appeared first on Live Bitcoin News.
Live Bitcoin News

Ripple and Forte Launch $100 Million Fund for Blockchain Gaming Using XRP

Xpring, Ripple’s developer ecosystem initiative, has partnered with blockchain platform Forte to form a $100 million fund to support game developers. According to the company’s press release, the fund will operate alongside Forte’s platform technologies and include Ripple’s open-source solutions, including XRP, aimed at mainstream adoption for blockchain gaming. Ripple Announces $100 Million Blockchain Gaming Fund with Forte .@FortePlatform recognizes the massive opportunity for #blockchain in the gaming space and is building the foundation for developers worldwide. #Xpring is excited to accelerate that momentum! https://t.co/sSm8uT1JYG — ethanbeard (@ethanbeard) March 12, 2019 One of the biggest players in the crypto industry, Ripple, has decided to diversify its business model and get into the blockchain gaming world. The company behind XRP announced the launch of a $100 million blockchain fund that is aimed at game developers. According to the company’s press release published on Mar. 12th, the fund will be overseen by Forte, a provider of blockchain-based platform technology for the gaming industry. The San Francisco company is backed by some of the most notable investors in Silicon Valley, including a16z crypto, Andreessen Horowitz, Battery Ventures, Canaan Partners, Coinbase Ventures, 1confirmation, and others. Brett Seyler, the chief platform officer at Forte, said that the company got involved in gaming as it’s a $140 billion global industry that could benefit from blockchain technology. “The industry needs solutions that can support these economies at scale with cross-chain interoperability,” he said in the company’s press release. Ethan Beard, the senior vice president of Ripple’s development arm Xpring, told Fortune that blockchain will help game designers who’ve had a hard time facilitating a digital economy that can serve all types of players. a16z-Backed Forte to Equip Game Developers with Blockchain Platform Tools and Funding According to the company’s press release, the fund is primarily targeted at game developers operating live game economies with over 50,000 daily active users. Exploring the use of blockchain in such circumstances could enable new game designs and provide a better opportunity to monetize. Forte’s technology will be leveraging Ripple’s Interledger Protocol while XRP serves as a base pair settlement. A smart contract service called Codius will be used to support seamless XRP transactions across blockchains, the company explained. The grants will be distributed to game developers in the form of XRP, Beard told Fortune. However, he added that Ripple expects most recipients to convert the XRP into US dollars, as platforms such as Amazon Web Services only accept payments in fiat. Allen Ma, the Vice President of Partnerships at Forte, said that the company is actively looking for developers that meet its criteria. This means that Ripple has taken on a serious approach to expanding to the gaming world. Judging by the mixed popularity of blockchain games based on Ethereum, especially CryptoKitties, Ripple’s XRP could be tapping into a significant user base while competing in the sector. The post Ripple and Forte Launch $100 Million Fund for Blockchain Gaming Using XRP appeared first on CryptoSlate.
Cryptoslate

Ripple announces $100 million fund as it partners Forte to dive into gaming industry

Ripple announced on March 12, 2019 that it was planning to integrate blockchain technology into video games, in partnership with Forte. For this, Ripple set aside a fund of $100 million, which will be managed by Forte, a company that specializes in the adoption of blockchain technology in the gaming industry. Forte is advised and backed by a host of big Silicon Valley names, including Andreessen Horowitz, Coinbase Ventures and Battery Ventures. In an interview with Fortune, Ethan Beard, a senior executive with Ripple’s development arm Xpring, stated, “Video games have long been quick to adopt new technology, from console to the PC to mobile. Now, blockchain will help game designers who’ve had a hard time facilitating an economy that can serve all types of players.” The San Francisco-based gaming company relies heavily on technologies developed by Ripple, including Coil, Interledger Protocol [ILP], and Codius. Ripple’s Xpring is aimed at developing XRP-centered products. According to Ethan Beard, Xpring will distribute the grants to various game developers in the form of XRP. He further acknowledged that most users might convert it into USD. Danny Aranda, a Ripple member and an Editor of Xpring, stated in a recent blog: “Forte’s platform design aligns well with where crypto is headed, with a sharded, application-specific architecture and coherent protocol-based abstractions for cross-chain interactions. Towards this, we’ve worked with the Forte team from early on to deeply embed Interledger, Codius and XRP in the platform architecture to maximize cross-chain interoperability, security and liquidity.” @XRPCenter, an XRP enthusiast, elucidated: “Forte is: 1)Building wallet that’ll be integrated w/games & use ILP 2)Building container-based hosting solution compatible w/Codius 3)Building security-audited smart contract framework 4)Securing licenses for regulatory compliant operations 5)Offering market making services” Wellington Sculley, BD for Ripple, tweeted: “Very exciting to see an ecosystem of innovation-platforms evolving around XRP, @Interledger , and @codiusproject (with a little help from Xpring)” The post Ripple announces $100 million fund as it partners Forte to dive into gaming industry appeared first on AMBCrypto.
AMBCrypto

Ripple Plans to Issue XRP Grants to Video Game Developers

One has to commend any blockchain company for trying to explore new boundaries and opportunities. Although most people associate Ripple with finance, the company is trying to branch out a bit. A new $100m fund has been created to merge blockchain technology and video games. With the support of Ripple, this could turn out to be a successful venture, assuming developers show any interest in it. Ripple’s new Fund Targets Video Games It is not the first time a company tries to bring blockchain technology to the video gaming industry. In fact, numerous projects already exist in this particular industry. Most of them have not gained much traction outside of blockchain and cryptocurrency enthusiasts, however. Ripple plans to take a slightly different approach and cater to developers directly. The creation of a $100m fund can certainly contribute to that appeal. The main reason this fund is created is to attract developers willing to “revamp” the gaming industry. More specifically, there is a strong focus on introducing digital marketplaces within these video games. This would give players more control over their in-game assets and potentially lets them sell items as they see fit. To date, it remains unlikely any of the major game developers and publishers will embrace such a model, as it could effectively cut out the middle man entirely. Ripple is not the only entity in this business venture. The $100m fund will be overseen by Forte. That company, which is founded by gaming executives, has already received a lot of positive attention in recent months. It also has the backing of numerous investors, including Coinbase Ventures and Andreessen Horowitz. Ripple has the technology in place to facilitate global operations on a ledger. With both parties joining forces, an interesting opportunity is created. There is a good reason as to why this new fund can be game-changing for the video games industry. The current lack of official markets to trade in-game assets in exchange for money has been well-documented. As such, a lot of ‘shady” marketplaces and unofficial sales listings are created which pose numerous risks to both buyers and sellers.  With a blockchain to “facilitate’ this type of activity, a verifiable solution is introduced. To date, the demand for blockchain technology in terms of in-game assets remains rather uncertain. Although some projects have been successful in showcasing how such a concept would work, none of the previous offerings have remained relevant for very long. By directly targeting the “actual” gaming industry with this new fund, this particular attempt could prove to be more successful. It will primarily depend on developers’ interest and ensuring the technology delivers on its promises. One interesting fact about the fund is how grants will be distributed. The current plan is to issue grants to game developers in the form of XRP. While that is a smart decision, it seems unlikely most recipients will hold on to this asset for very long. Additionally, these grants will be available to developers who have at least 50,000 active users playing their games. This means most indie developers will not benefit from this fund as of yet, but that is also somewhat to be expected. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. Image(s): Shutterstock.com The post Ripple Plans to Issue XRP Grants to Video Game Developers appeared first on NullTX.
NullTX

Ripple’s Xpring Partners Forte to Start the New Era of Blockchain-based Gaming

CoinSpeaker Ripple’s Xpring Partners Forte to Start the New Era of Blockchain-based GamingLast year, Ripple launched its Xpring initiative that is aimed at developing infrastructure and establishing cooperation with innovative blockchain projects. The company wants to ensure the creation of a strong community of developers and firms interested in bringing changes to all spheres with the help of blockchain technologies including Interledger and XRP Ledger.Blockchain Gaming IndustryAnd the project is gaining momentum while Ripple has taken a decision to enter the $140 billion global gaming industry. As it has become known Xpring has established a partnership with Forte, a game industry blockchain platform based in San Francisco. In the framework of their collaboration, they will launch a $100 million fund the main goal of which is to provide support to game developers.As it has been disclosed, all the funds will be provided by Ripple while Forte’s task will be to manage the fund. It is said that the main idea behind this initiative lies in the companies’ desire to push the mass adoption of blockchain within the gaming industry and bolstering monetization.Blockchain technology is believed to be able to enhance the existing approaches to game designing, ensure more opportunities for developers and help to build more successful game economies. Nevertheless, a lot of developers find it difficult to use this technology in their work.That’s why Forte is trying to help them to apply blockchain to their games with a view to increase players’ engagement which will ensure higher monetization.  Forte was founded in February 2019 with the support of such prominent investors as a16z crypto, Andreessen Horowitz, Canaan Partners, Coinbase Ventures, and others.Collaboration of Xpring and ForteThe new fund is targeted at game developers that operate game economies with more than 50,000 daily active users and that are interested in using blockchain in their projects.Forte works with technologies developed in collaboration with Ripple, namely it uses the open-source Interledger Protocol where XRP serves as a base pair settlement, It also utilizes the container-based hosting solution named Codius which facilitates transactions across blockchains.Speaking about their new initiative, Brett Seyler, Chief Platform Officer at Forte said:“Blockchain technologies’ key innovations unlock vast potential for nearly all forms of digital interaction. Gaming is a $140 billion global industry driven predominantly by digital micro-transaction economies, which we believe will benefit immensely from the integrity and resilience of blockchain technology.”Ethan Beard, Senior Vice President of Ripple’s Xpring, also expressed his company’s excitement about the new partnership:“We are thrilled to partner with such a world class team of game industry veterans. Both Forte and Ripple have a shared belief that blockchain technology will have a massive impact on games, and that providing tools that are easy-to-use, chain agnostic and interoperable is a necessary step in driving scale consumer adoption.”For Ripple, the creation of this fund may also represent an attempt to expand the usage of its blockchain technologies much wider than its core business. At the same time, it’s important to understand that if developers really decide to use the Interledger Protocol in their games, it may become a significant push for broader XRP adoption which can be very beneficial for Ripple, as the company has impressive XRP holdings.Ripple’s Xpring Partners Forte to Start the New Era of Blockchain-based Gaming
Coinspeaker

Blockchain Gaming Startup Forte and Ripple to Invest $100 Million On Mainstream Blockchain Games

Ripple is working on opening new blockchain application areas in the industry. This time, the project is investing in blockchain gaming in collaboration with new blockchain gaming startup Forte. The collaboration is to be between Ripple’s Xpring platform. Speaking on the collaboration with Forte, Ripple senior vice president of Xpring Ethan Beard in a statement expressed excitement about working with Forte, adding that the two companies share a common perspective on the blockchain. “We are thrilled to partner with such a world class team of game industry veterans. Both Forte and Ripple have a shared belief that blockchain technology will have a massive impact on games, and that providing tools that are easy-to-use, chain agnostic and interoperable is a necessary step in driving scale consumer adoption.” While Ripple is providing the $100 million to fund blockchain-based game developers, the blockchain gaming fund will operate alongside Forte’s platform technologies designed in collaboration with Ripple. Forte has also secured an undisclosed amount as funding from Andreessen Horowitz, a venture capital firm owned by Marc Andreessen. The blockchain is the technology behind digital currencies such as Bitcoin, Ethereum and XRP. Its application is so diverse that the true potential is still not fully uncovered. Different cryptocurrency projects use it differently, for instance, Ethereum is focused on smart contracts and dapps while Ripple is focused on payments. The Chief Platform Officer at Forte Brett Seyler, speaking on its application in gaming technology said: “Blockchain technologies’ key innovations unlock vast potential for nearly all forms of digital interaction. Gaming is a $140 billion global industry driven predominantly by digital microtransaction economies, which we believe will benefit immensely from the integrity and resilience of blockchain technology,” Although blockchain has the huge potential that Brett speaks of, developers find it very challenging to develop and deploy, which is why the two companies are working on the gaming fund. The platform is aimed at making blockchain integration in gaming easier for developers in order to increase patronage as well as monetization of their games. xPring is Ripple’s initiative to empower innovative blockchain projects across sectors with a vision to make money transfer as easy as information sharing today. The Forte project could be Ripple’s first collaboration that is not directly linked to payments. Working with Forte, Ripple will be funding developers who run live game economies with tens of thousands of daily active users and are interested in increasing their capacity using blockchain technology. The post Blockchain Gaming Startup Forte and Ripple to Invest $100 Million On Mainstream Blockchain Games appeared first on ZyCrypto.
ZyCrypto

Singapore’s Sovereign Wealth Quietly Invested In Coinbase Amid Crypto Winter

Singapore’s GIC Secured Gargantuan Coinbase Deal Governments have been hesitant to delve into the crypto and blockchain space. But, there have been a few notable exceptions. Per an exclusive report from Bloomberg, which cited people familiar with the matter, Singapore’s sovereign wealth fund, known as GIC, purportedly quietly led major deals in the industry over yesteryear. The sources claimed that GIC was one of the financiers behind Coinbase’s funding rounds last year, but were hesitant to admit how much the Singaporean fund contributed. Specifically, GIC purportedly purchased stakes in Coinbase during the San Francisco-based company’s now-historic $300 million round, led by Tiger Global, Wellington Management, and Andreessen Horowitz. Interestingly, in response to Bloomberg’ query on the subject matter, press relations from both Coinbase and GIC declined to comment, hinting that there’s most to this situation than meets the eye. Interestingly, this isn’t the first time that funds affiliated with Singapore sovereign wealth have made allocations towards notable upstarts in the crypto ecosystem. In a previous Bloomberg report, corroborated by Changpeng “CZ” Zhao, it was explained that Vertex Ventures, parented by Singaporean government-owned Temasek Holdings, financially supported Binance’s efforts to open a crypto-to-fiat in Singapore. A statement from the fund, which manages a reported $1.5 billion in assets, noted that it had specifically invested in Binance to bolster fiat on-ramps and off-ramps in the region. So, assuming that the hearsay that GIC invested in Coinbase’s historic round, which privately valued the company at $8 billion, it is clear that Singapore is looking to become a crypto hub. Case in point, the nation hasn’t actively sought to curb the local crypto economy. Ravi Menon, a representative from the Monetary Authority of Singapore, recently stated that his regulatory body is doing its utmost to connect “banks and cryptocurrency fintech startups,” specifically in a bid to let sparks fly between the two sectors. Menon added that Singapore doesn’t have any immediate plans to actively crack down on local upstart, even if regulatory pressure continues to ramp against crypto in international markets. Institutions Are Crypto Ready This recent news only underscores the fact that by and large, institutions with forward-thinking properties are ready to make notable forays into the cryptosphere. Just weeks ago, history was made, as two Virginian pension funds led the creation of a $40 million venture fund backed by Morgan Creek Digital. In a comment, Anthony Pompliano claimed that up to 10% of the funds would be allocated to physical digital assets, like Bitcoin and Ethereum, while what’s left would be siphoned into equity positions in companies like Harbor, Circle, and other fintech mainstays. The University of Michigan’s endowment, valued at $12 billion, was also recently revealed to have forayed into crypto, this time, for its second allocation. Reports claimed that the company has plans to invest a number of millions into A16Z’s CNK fund, which invests in “cryptonetwork” projects. As Mike Novogratz would say, the institutional herd is coming. But, Wall Street might not come as fast as we may expect (or hope, for that matter). Photo by bady qb on Unsplash The post Singapore’s Sovereign Wealth Quietly Invested In Coinbase Amid Crypto Winter appeared first on Ethereum World News.
Ethereum World News

Coinbase: Singapore Sovereign Wealth Fund GIC was among participants in $300 million investment in 2018

The American cryptocurrency exchange, Coinbase, saw a whopping $300 million in investment in 2018 and now, for the first time, it is revealed that among the participants in the funding round, GIC, the Singapore sovereign wealth fund was involved. In October of last year, it was reported that Coinbase was the recipient of a $300 million round of funding from a number of influential investors which was led by the New York-based hedge fund Tiger Global Management. GIC’s investment in the October round was not mentioned among the other names confirmed, including the likes of Andreessen Horowitz, Polychain, Y Combinator Continuity, and Wellington Management. GIC being an institutional money manager looked unwilling to enter the cryptocurrency realm, but its participation in the funding of one of the largest cryptocurrency exchanges in the world proves otherwise. The firm was originally founded to manage Singapore’s foreign reserves and, since then, has amassed over $100 billion in assets spread in over 40 countries, as indicated by the GIC website. Although GIC has not veered into the cryptocurrency realm, it has been involved in the blockchain. In November of last year, the Singapore-based wealth fund joined hands with Temasek Holdings Pte, another government-owned investment firm and backed R3, a blockchain software firm. Following the October funding, Coinbase surged to a valuation of $8 billion, making it the most highly valued start-up in the United States. Its previous investors, in addition to the ones mentioned above, include the likes of Spark Capital, Greylock Partners, Battery Ventures, Section 32, and Draper Associates. The $8-billion valuation is even more significant because the investment was during the thick of the storming crypto-winter, which has plummeted the market from a valuation of over $800 billion in January 2018, to under $130 billion a year later. Coinbase has been making headlines all throughout this week. SoFi, Social Finance, the personal finance company recently announced its partnership with the exchange to launch crypto-trading, on the former’s platform. Through this partnership, SoFi users can purchase cryptocurrencies via the exchange, from the second quarter of this year. SoFi launched their new arm, SoFi Invest, which will allow cryptocurrency trading and another arm SoFi Money will offer users an Annual Percentage Yield [APY] cash account of 2.25 percent with no fees, in an increasingly competitive market. Coinbase will aim to attract the younger millennial crowds through this partnership as SoFi focuses on providing student loan refinancing to this demographic group. However, the company has since diversified operations to provide a whole host of refinancing options, including personal loans and mortgage loans. Furthermore, Coinbase delighted the cryptocurrency community, one army in specific, by announcing that they would finally support the second largest altcoin in the market, XRP. The XRP army was delighted by the addition, and this led to the virtual currency pumping by 14 percent and performing an inverted ‘Bart move,’ while moving up withing $1 billion or Ethereum [ETH] at the time of the rise. The post Coinbase: Singapore Sovereign Wealth Fund GIC was among participants in $300 million investment in 2018 appeared first on AMBCrypto.
AMBCrypto

Singapore Sovereign Wealth Fund Invests in Cryptocurrency Exchange – Report

US cryptocurrency exchange Coinbase received the majority of its $300 million 2018 funding round from a fund owned by the Singapore government, anonymous sources have revealed. GIC Private Surprise Funding Round Participant Speaking to Bloomberg, people “familiar” with the details of the fundraising deal said that GIC Private Limited (formerly Government of Singapore Investment Corporation), invested in the company. Officially announced last October, Coinbase said its Series E cash injection had come from the likes of Andreessen Horowitz and Polychain, but at the time did not mention GIC. The round accompanied a valuation which reached a giant $8 billion. At the time, Coinbase said it would use the funds in areas such as international expansion and increasing the number of cryptocurrency assets available. GIC is the world’s ninth-largest government wealth fund, managing an estimated $359 billion as of June 2018. Coinbase Headaches Stack Up That expansion has since become a source of controversy for the exchange. As Bitcoinist reported, its acquisition of blockchain data startup Neutrino, announced last week, sent ripples through the cryptocurrency community after it emerged the latter’s CEO was involved in a notorious data spying operation. The debacle focused on Giancarlo Russo, Neutrino’s CEO, who formerly worked as COO of Italy’s notorious HackingTeam. That outfit has sold private data to governments and other entities in at least 20 countries as of 2015. To add to Coinbase’s woes, a decision to allow users storage of private keys in the cloud raised further concerns about security this month. Its move to list Ripple’s XRP token on its institution-focused Coinbase Pro yet generated more uncertainty, Bitcoinist highlighting a report suggesting it broke protocol by offering the altcoin. Adding insult to injury this week, veteran economist and cryptocurrency commentator Peter Brandt claimed on social media this week he had lodged a formal complaint over Coinbase’s tax reporting practices, agreeing with a respondent who referred to its executives as “total scammers.” What do you think about Coinbase’s investment and publicity problems? Let us know in the comments below! Images courtesy of Shutterstock The post Singapore Sovereign Wealth Fund Invests in Cryptocurrency Exchange – Report appeared first on Bitcoinist.com.
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Ruling on XRP’s status as a security unlikely until late 2020

Disclaimer: These summaries are provided for educational purposes only by Stephen Palley. They are not legal advice. These are our opinions only, aren’t authorized by any past, present or future client or employer. Also we might change our minds. We contain multitudes. A consolidated class action in federal court in Oakland may one day lead a court to rule on (1) whether Ripple violated U.S. Securities laws by creating the XRP token and (2) whether XRP is a security. That day will not be in 2019, judging from a scheduling order entered by the Court on March 18. The Order sets forth a schedule for roughly the next twelve months. Here's what's going to happen: By March 20, Plaintiffs will publish a notice under federal law that verifies that they read the complaint, authorized its filing, didn't buy XRP in oder to become plaintiffs, and a number of other things that are set forth in the Private Securities Litigation Reform Act (a law that was passed purportedly to prevent abuses class action practice. [related id=1]In 60 days, any member of the "purported class" can ask the court to be appointed as lead plaintiff and to approve selection of their counsel. This is a big deal from a financial standpoint for the lawyers, because the class lead will almost certainly earn more if there's a favorable result. As a result, you will see some litigation over this in about two months (we had a taste of that in the Tezos class action litigation, if you've followed that case). 45 days after the Court chooses the lead plaintiff, they will file a new complaint, which will replace all of the other complaints that the different plaintiffs filed. (As a reminder, this particular lawsuit consolidates or brings together a bunch of separately filed suits against Ripple). 45 days after the new complaint is filed, Defendants have to respond. Instead of answering, it is a virtual guarantee that they will file motions to dismiss. The parties will have 30 days to reply to the motion. All of the cases are ordered consolidated for pretrial purposes, which means that depositions, written discovery and motions will all be handled in this one case by this particular judge. If we build in time for the Court to rule and for some potential delay in the class rep designation process, it's possible that the Court will rule on Motions to Dismiss by the end of this year. It's also possible that this will role into next year. It's a dicey proposition to speculate on motions that haven't been filed yet, but if we assume that the motion to dismiss is denied -- which is usually the case if a Complaint is reasonably well pleaded -- we'd probably see an answer on file in early 2020. Discovery, class certification motions, and dispositive motions will likely take place in 2020 and 2021. It's possible that when the Court rules on the likely Motion to Dismiss we will see an indication as to whether or not the Court thinks a security is at issue, but Motions to Dismiss generally speaking don't address the merits of a case -- they assume that the facts stated are true for purposes of ruling, and will only look at whether or not a viable claim was pleaded. In short, I wouldn't expect to see a ruling on XRP's status as a security until late 2020 at the earliest.
The Block Crypto

IOTA / USD Technical Analysis: Game Changer

IOTA is bullish in the short-term, with the cryptocurrency trading well above its 200-period moving average The medium-term outlook remains bearish for the IOTA / USD pair, with the cryptocurrency still trading below its 200-day moving average Both time frames show potential inverted head and shoulders patterns building IOTA / USD Short-term price analysis In the short-term, IOTA has a bullish trading bias, with the cryptocurrency trading well above its 200-period moving average of the four-hour time frame. The four-hour time frame shows multiple inverted head and shoulders patterns, with price trading close to the neckline of the bullish patterns. If an upside breakout does occur, the larger bullish pattern’s overall bullish objective will likely be the November 15th trading high from last year.     IOTA / USD H4 Chart                                                                         (Source: TradingvView)     Pattern Watch Traders should note the target of the smaller bullish inverted head and shoulders pattern on the four-hour time frame will likely be the current 2019 trading high. MACD Indicator The MACD indicator on the four-hour time frame remains bullish, with the MACD signal line crossing higher. Relative Strength Index The RSI indicator on the four-hour time frame is bullish, although downside pressures are building. IOTA / USD Medium-term price analysis IOTA remains bearish in the medium-term, with the cryptocurrency still unable to move above its key 200-day moving average. The daily time frame clearly shows two potential inverted head and shoulders patterns that could start to take shape over the medium-term. The upside projection of the smaller inverted head and shoulders pattern would take the IOTA / USD pair towards levels not seen since October 2018. Technical indicators on the daily time frame remain bullish and continue to signal further gains ahead.     IOTA / USD Daily Chart                                                 (Source: TradingView)     Pattern Watch It is worth noting that the IOTA / USD pair’s 200-day moving average is located just below the neckline of the smaller inverted head and shoulders pattern. MACD Indicator The MACD indicator on the daily time frame is bullish and generating a buy signal. Relative Strength Index The RSI indicator is bullish on the daily time frame, although it is starting to correct lower. Conclusion The presence of multiple inverted head and shoulders patterns on the four-hour time frame highlights that the IOTA / USD pair has scope to trade much higher over the short-term. A sustained technical breakout above IOTA’s 200-day moving average would be a game changer for the cryptocurrency over the medium-term, although caution is advised until a bullish breakout is confirmed.   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IOTA(IOT) Price $0.310 Market Cap$862,262,752.00 #ccpw-ticker-24524 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-24524 #ccc-chart-block .exportBtnTop, #ccpw-ticker-24524 a.tabperiods.tabperiods_active, #ccpw-ticker-24524 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-24524 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-24524 .coin-container:after, .ccpw-container_four #ccpw-ticker-24524 .coin-container:after {border-color:#ccc !Important;} Join the conversation on Telegram and Twitter!   Decentral Media, Inc., the publisher of Crypto Briefing, is not an investment advisor and does not offer or provide investment advice or other financial advice. Nothing on this website constitutes, or should be relied on as, investment advice or financial advice of any kind. Specifically, none of the information on this website constitutes, or should be relied on as, a suggestion, offer, or other solicitation to engage in, or refrain from engaging in, any purchase, sale, or any other any investment-related activity with respect to any transaction. You should never make an investment decision on an investment based solely on the information on our website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an investment. The post IOTA / USD Technical Analysis: Game Changer appeared first on Crypto Briefing.
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During Second Half of 2018, Vitalik Buterin Cashed Out $40 Million in Ethereum (ETH)

With so many prominent figures in the cryptocurrency world, it should come as no surprise that a deep dive into the history of these influencers arises every now and then. Alex Sunnarborg, who is a founding partner of the Tetra Capital crypto hedge fund, decided to dig into the historical account data of Vitalik Buterin. […]
Bitcoin Exchange Guide

Adoption: Customers can now pay with IOTA in Stores that Accept Apple Pay and Samsung Pay following Zeux Integration

As a means of encouraging wider use, Payments and banking services app Zeux has integrated IOTA (MIOTA) for crypto payments in stores for retailers in a collaboration with IOTA Foundation. This is to be fully available in a few weeks time according to an announcement by the Zeux team on Medium. According to founder and co-chairman of IOTA Foundation David Sønstebø, this partnership is a major step for the company that will make IOTA use more convenient. “This partnership with Zeux will provide a significant convenience benefit for IOTA ecosystem. We are very excited about this. Now IOTA digital currency can be used as payment with merchants that accept Apple Pay and Samsung Pay. By combining existing technology with another form of currency, this is a big step forward towards the adoption of crypto for the masses.’’ Speaking on the partnership, Founder and CEO of Zeux Frank Zhou said it is an avenue to increase the adoption of the digital asset and is just the first step to giving IOTA users more financial freedom. Meanwhile, IOTA has gained over 5% since the announcement of its integration with Zeux. this is an indication of the potential adoption this cryptocurrency stands to gain as a result of the integration which will bring it to thousands if not millions of users worldwide. Zeux is an app of the UK origin that provides payment services. The app is to be launched in April and made available in Europe within the year and America in 2020. Its integration of IOTA is a win-win as the CEO described IOTA’s Tangle as an ideal platform for them to build their customer data Dapp. Tangle is a specialized distributed ledger technology that is specifically meant for the internet of things, which the IOTA Foundation’s primary mission is to support. Apart from fee-less real-time payments, the Tangle is also an open-source protocol that facilitates secure data transfer and the collection and dissemination of sensor-based and other data. Zeux mission is to bring crypto as well as fiat micropayments to retail stores around the world through facilitating fee-less real-time payment as well as enabling integration of banking and investment services with it in one, making it a convenient way to do everything with funds without going out of the app. The post Adoption: Customers can now pay with IOTA in Stores that Accept Apple Pay and Samsung Pay following Zeux Integration appeared first on ZyCrypto.
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