Bear Market? Grayscale Bitcoin Trust Averaged $2 Million Invested Per Week in Q4 2018

Grayscale, the creator of GBTC, had an average of $ 2 million invested every week during the 4th quarter of 2018. About 66% of all investments came from institutions, while 88% of all Grayscale digital investments were in Bitcoin. Just 12% of investments were directed at other digital assets, leading Grayscale to declare the “return of the Bitcoin Maximalist” in their quarterly report. Investments across the board were down in 2018 as the bear market took over. Yet, Grayscale had its best year so far, with over $ 359 million in investments. The Bitcoin Investment Trust’s GBTC product has been running for

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MasterCard, Ripple, Barclays Fund US XRP Remittance Firm in $1.7 Million Seed

Global remittance startup SendFriend has raised $ 1.7 million in pre-seed funding by 13 participants. The US company announced Monday that it had received support from MIT Media Lab, Barclays, the Mastercard Foundation, Ripple, TechStars, Mahindra Finance, 2020 Ventures, and 8 Decimal Capital. Other companies that joined the round at an earlier stage include Deloitte and New York Angels. Thanks to @BuiltInNewYork for including us on their list of 50 Startups to Watch in 2019. Excited for a fun year ahead! #fintech #sendfriend #nyctech https://t.co/9OxD8xIQVG — SendFriend (@sendfriendinc) February 5, 2019 Partnership with Ripple Labs Launched in May 2017 by a

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Crypto Snoop Chainalysis Raises $30 Million to Spy on Your Bitcoin Transactions

Chainalysis, the company that works to track crypto transactions, has completed their second fundraising round. Led by venture capital firm Accel, a total of $ 30 million was raised. Chainalysis Doubling Down in London One of the first moves they will make with the cash injection is to double their employees in London. Accel’s London-based Phillippe Botteri gains a board seat at Chainalysis as a result. The city is optimal for its proximity to top universities that increasingly recognize cryptocurrency as a technology poised to reshape the way people exchange value across the world. The office will position us to work

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Did TRON Acquire a Liability in $126 Million Purchase of BitTorrent? A Record 3,300 Lawsuits Hits Platform’s Users

According to The National Law Review and TorrentFreak, more than 3,300 lawsuits have reportedly been filed against BitTorrent users for copyright infringement. “Data collected by TorrentFreak from court records all over the country show that in the first half of the year, more than 3,300 separate lawsuits were filed. The majority of these cases list a single ‘John Doe’ defendant,” read a TorrentFreak report. A case against a single “John Doe” refers to a lawsuit filed against an individual suspected of downloading a piece of content on the peer-to-peer BitTorrent protocol without the authorization of the content creator. 🚨 BitTorrent

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We’re Freeriders: Facebook Co-Founder Chris Hughes, Worth $500 Million, Wants to Pay Higher Taxes

Facebook co-founder Chris Hughes is back advocating for higher taxes for wealthy Americans. This is not the first time Hughes is calling on the government to take a step to help low-income Americans trying to make ends meet. Hughes spoke on CNBC’s “Squawk Box” saying: As a member of that 1-percent, 0.1-percent, I can tell you, I can afford a little bit higher taxes, and it would make my life better. The point is clear — my taxes should be higher. Hughes, who is the author of Fair Shot: Rethinking Inequality and How We Earn has been an advocate for

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$275 Million ZCash’s Fix of Deadly ‘Infinite Counterfeit’ Vulnerability Earns Praise from Edward Snowden

According to a disclosure made Tuesday by the development team behind ZCash, the most highly capitalized privacy-focused cryptocurrency (with a market cap in excess of $ 270M at the time of publication), has secretly fixed a critical security flaw in ZCash’s design, which was discovered by ZCash cryptographer, Ariel Gabizon, about a year ago. Last March while preparing a presentation for a cryptography finance conference the following day, Gabizon discovered a crucial flaw in the cryptographic functions underlying zk-SNARKS, an implementation of zero-knowledge proofs used by ZCash and other privacy coins to give users the option of greater privacy though true

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