Day: February 11, 2019

Crypto Bear Market Affecting Venture Capital Valuations

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Venture capital (VC) valuations have been deeply affected by the cryptocurrency bear market, says Jalak Jobanputra, founding partner of Future Perfect Ventures, in an interview with Forbes’ Balancing the Ledger on Feb. 11. Founded in 2014 in New York, Future Perfect Ventures is a venture capital firm, focusing on early stage investments primarily in technology companies, including blockchain, machine learning, and data analytics. When asked whether there is a trend of discounted venture evaluations across the digital currency space, Jobanputra said that “given how much the volumes have decreased in…

Crypto Upstart Reality Shares Files Semi Bitcoin ETF To The SEC

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Reality Shares’ Product To Have 15% BTC At Maximum  That’s right folks, yet another contender has entered the Bitcoin exchange-traded fund (ETF) fray. This time its Reality Shares, a blockchain-centric investment services provider based in California that is headed by chief executive Eric Ervin. According to The Block, who broke the news on the subject matter, the proposal, which pertains to NYSE Arca, recently filed to the U.S. Securities and Exchange Commission (SEC) isn’t like its brethren. In fact, it isn’t really a full-Bitcoin fund, as a maximum of 15%…

Bitfury’s New Partnership to Build Blockchain-Based Medical Imaging Platform

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Blockchain tech company Bitfury is partnering with radiology blockchain marketplace Medical Diagnostic Web (MDW) to create a blockchain-based medical imaging ecosystem. The partnership was announced by the Bitfury Group in a blog post on Feb. 11. Established in 2011, the Bitfury Group operates as a software manufacturer and provider of security and infrastructure for the Bitcoin (BTC) blockchain. The company raised $500 million in revenue in 2018. MDW is a radiology blockchain platform that allows radiologists to contact with imaging facilities and share patient data and medical images. Within the…

Venezuela Imposes Fees and Limits on Local Crypto Remittances

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The Venezuelan government has introduced regulations for crypto remittances within the country, according to a decree published on Feb. 7 in the country’s official media outlet, Gaceta Oficial. According to the document, the National Superintendency of Crypto Assets and Related Activities (SUNACRIP) will now be responsible for taxation related to the sending and receiving of cryptocurrencies. The new legislation will reportedly be applied both to individuals and legal entities. According to the new requirements, the state has set out monthly limits and commissions, payable to SUNACRIP, on cryptocurrency remittances. The…

New Proposed ETF Would Encompass Bitcoin Futures Alongside Sovereign Debt Instruments

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Reality Shares ETF Trust — a unit of crypto-focused fintech firm Blockforce Capital — has filed a proposal for an exchange-traded-fund (ETF) that would invest in a portfolio which includes both sovereign debt instruments and Bitcoin (BTC) futures.The ETF filing was submitted to the United States Securities and Exchange Commission (SEC) Feb 11. ETFs are securities that track a basket of assets proportionately represented in the fund’s shares. They are seen by some as a potential ‘holy grail’ that would herald the widespread adoption of cryptocurrencies as a regulated and…

Bitcoin Friendly Micronation Acknowledged by European Commission President

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In 2019 the sovereign state of Liberland continues to gather headway by getting recognized by key leaders in the European Union and members of parliament. On Jan. 31, the micronation claiming the parcel of land between Croatia and Serbia was validated by Jean-Claude Juncker, President of the European Commission. Also read: These Video Sharing Sites Pay Content Creators in Bitcoin Cash Liberland Continues to Strive for Recognition Key members of the European Commission have recently been discussing the micronation known as the Free Republic of Liberland. The seven square kilometer territory…

Jack Dorsey Says Cash App Support for Lightning Network a Question of ‘When, Not If’

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Twitter co-founder and CEO Jack Dorsey — also the founder and CEO of United States-based Bitcoin (BTC)-supporting payments service Square — said that rolling out the Lightning Network on Square’s Cash App is a question of “when, not if.” Dorsey made his remarks during an interview alongside Elizabeth Stark, co-founder of Lightning Labs, on the Stephen Livera podcast Feb. 11. The Lightning Network (LN) is a second-layer solution to Bitcoin’s scalability limitations, which works by opening payment channels between users that keep the majority of transactions off-chain. In response to…

Moscow Gov’t to Launch Blockchain-Enabled IT Innovation Cluster by Summer 2019

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The Moscow municipal government is planning to launch a blockchain-based city innovation cluster by summer 2019, Russian news agency TASS reports on Feb. 11. The upcoming platform for the city’s IT innovation cluster will enable participants to find potential partners, as well as learn about their products and equipment, according to Alexey Fursin, Head of the Department of Business and Innovation of Moscow. Fursin noted that the platform’s entrants will be also be able to receive financial support through grants from the Moscow government. According to the official, the upcoming…

MEP Kaili: Banks Can’t Stop Us From Using Blockchain

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A Greek member of the parliament (MEP) of the European Union, Eva Kaili, declared that central banks have too much control over people’s deposits, according to a post published on Ripple’s blog on Feb. 8. According to the post, Kaili made the comments at the Ripple Regionals event in London last week. The MEP said that she realized that central banks had too much control over people’s funds after the debt crisis in Greece. During her talk — which was dedicated to how the EU will regulate blockchain and cryptocurrency…

BTC Up $4.3 Billion in Three Days

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Bitcoin prices on an uptrend Venezuela is a prime example of why BTC is needed Participation levels are high, poised to increase in coming days After Feb 8 rockets, it is clear that momentum has shifted from bearish to bullish. Further padded by supportive fundamentals, it is likely that BTC will break and close above $3,800 ushering in a demand wave that would see prices retest $6,000. Bitcoin Price Analysis Fundamentals There is a crisis in Venezuela, and the government’s endless tussle is wrecking ordinary Venezuelans. To quantify how nerve-wracking…