“Brine tackles some of the most important challenges holding back institutional and mainstream user adoption in DeFi,” Paul Veradittakit, managing partner at Pantera Capital, said in a statement. “There’s an urgent demand for a self-custodial execution layer that is faster, more reliable, user-friendly, and cost-effective.” Source
A recent release suggests that Pantera CEO Dan Morehead may have predicted the impact of a Ripple victory long before it occurred. Ripple Victory: A “Positive Black Swan” Speaking at the Bloomberg Invest Panel, held back in June, Morehead was quizzed about what “black swans” the world should expect next, considering that we had just recently experienced a pandemic, complete shutdown, and financial crisis due to the pandemic. Morehead responded and stated that we already had the “massive shoes drop last year,” most likely in reference to the events surrounding…
Bitcoin (BTC) is due to hit nearly $150,000 during its next four-year halving cycle, Pantera Capital believes. In its latest “Blockchain Letter” released on Aug. 22, executives at the crypto asset manager doubled down on their bullish BTC price forecasts for 2024 and beyond. Halving data reinforces November 2022 BTC price bottom Bitcoin price performance depends heavily on its halving cycles, Pantera Capital argues, and with the next due within the coming twelve months, the firm is betting that historical trends will continue. BTC/USD, it notes, tends to put in…
“We are thrilled to have co-led Florida Street’s seed round, and we are excited about the solutions they are bringing to Web3 users. Gondi’s instant refinancing will enhance the NFT lending market, allowing borrowers to access more affordable credit and fostering a growing market,” said Alex Pack, Managing Partner at Hack.vc, in a message to CoinDesk. Source
“Historically, crypto founders have felt the need to bring on a specialized, crypto-only investment fund alongside traditional VCs,” said Krug in a Medium blog post. “However, by combining my expertise in crypto with the brand and generalized expertise of Founders Fund, I believe no firm is better positioned to lead the charge in funding and growing the next decade of crypto protocols and companies.” Source
Berlin-based M^ZERO Labs, a company that seeks to build neutral infrastructure linking assets in the global financial system with decentralized applications, has raised $22.5 million in a financing round led by Pantera Capital. The funding round also includes participation from other investors such as Road Capital, AirTree, Standard Crypto, The SALT Fund, ParaFi Capital, Distributed Capital, Kraynos Capital, Mouro Capital and Earlybird. The company said the funds would be used to build a decentralized infrastructure that allows institutional participants to allocate assets on-chain and transfer value in a “completely transparent,…
Three crypto venture capital firms, Paradigm, Pantera Capital, and Andreessen Horowitz (a16z), may have over $5b tied up in Silicon Valley Bank (SVB). Crypto venture funds used Silicon Valley Bank Funds were reportedly held in custody by SVB, which was shut down and the Federal Deposit Insurance Corporation (FDIC) assigned as a receiver by the California Department of Financial Protection and Innovation on Mar. 10. Unconfirmed data, scrapped from the United States Securities and Exchange Commission (SEC) ADV file data over five years, shows that as of May 6, 2022, a16z related…
CryptoX – Cryptocurrency Analysis and News Portal A regulatory filing shows the shuttered bank as one of three custodians for Pantera’s funds. Source The post Crypto VC Firm Pantera Used Silicon Valley Bank as a Custodian appeared first on CryptoX. CryptoX Portal
“We’re building tools to allow them to bring their IP into the game. This is through land where they can build spaces, integrate their existing NFTs and build new ones into the Webb ecosystem,” Worldwide Webb founder and CEO Thomas Webb told CryptoX in an email. “We’re excited to build long-term relationships with brands and IP as we not only integrate their NFTs as avatars, but also bring their IP into the Webb universe through meaningful in-game features such as quests, boss fights, items and more.” Source 10MGameInvestsMetaversePanteraWebbWorldwide CryptoX Portal
There’s been no shortage of news in past weeks when it comes to the United States Securities and Exchange Commission (SEC) taking action against crypto exchanges and companies. From Kraken, to Paxos, to Terraform Labs, it seems enforcement is in the air when it comes to chair Gary Gensler’s organization. In other news, South Sudan has reportedly banned U.S. dollar transactions, and crypto-focused investment firm Pantera Capital says we’re in the next bull cycle. All this just below in the latest Bitcoin.com News Week in Review. Binance CEO Warns of…