Pantera Capital Raises $71 Million for Third Crypto Venture Fund

Nov 10, 2020 at 8:00 p.m. UTC(Drew Angerer/Getty Images News, modified by CoinDesk)Legendary Investor Stan Druckenmiller Turns Bitcoin BullThe billionaire investor made his pro-bitcoin comments on an appearance on CNBC.For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or…

Forcing a bitcoin (BTC) price breakout is looking anything but easy for the bulls, with the path to $7,400 being littered with resistance levels. Stepping back, the leading cryptocurrency jumped above $6,800 on Monday, neutralizing the bearish view put forward by a downside break of a trendline support last Friday. The sharp recovery from lows…

Oct 14, 2020 at 15:37 UTCUpdated Oct 14, 2020 at 15:54 UTCVitalik Buterin at DEVCON 2018 (Ethereum)In the face of Ethereum’s recent rocketing transaction fees, its founder and chief scientist, Vitalik Buterin, called on users of the second-largest blockchain to move over to scaling solutions that are “already here for many classes of applications.”Buterin took…

Non-crypto-related deposits held by former Signature Bank (now Signature Bridge Bank) will be assumed by Flagstar Bank, a subsidiary of New York Community Bancorp, as of Monday under a purchase and assumption agreement, the Federal Deposit Insurance Corp. said in a press release on Sunday. Signature Bridge Bank depositors  – other than depositors related to…

news Calibra, a digital currency wallet built by Facebook, is beefing up its compliance team as the company tries to convince U.S. and European regulators that the social media giant’s Libra project poses no legal threat. Now it’s bringing that conviction to the fore by hiring for a new compliance team to manage the many…

BTC gained 30% during U.S. market hours and composed 50% of all trading volume, K33 Research found.Negative correlation between bitcoin and U.S. equities suggest investors bought the token for diversification."We may be at a generational moment" in crypto adoption, Hashdex CIO said.U.S. investors have been piling into bitcoin (BTC) as institutional activity accelerated, driving the…

news A blockchain platform for the trading of unlisted securities is being developed in South Korea, according to a report in the Chosun Ilbo. The goal is to take transactions that are now expensive, slow and insecure and make them efficient and accessible to a wider range of investors. Six local participants are involved in…

Feb 28, 2020 at 12:02 UTCUpdated Feb 28, 2020 at 12:04 UTCStock facial recognition image. Credit: ShutterstockCoinbase Is Testing Clearview’s Controversial Facial Recognition TechnologyCoinbase is among more than 2,000 entities from around the world working with Clearview, a controversial facial recognition technology provider.Internal documents obtained by BuzzFeed revealed New York-based Clearview AI – a startup…

One bitcoin costs roughly $17,700, not $0, to mine, and there isn't an unlimited supply, but instead a hard cap of 21 million tokens. Unlike with shares, no single company can increase the total number of bitcoin. Ethereum has a negative supply schedule, and so its native token, ether, decreases in supply. USDC is backed…