Bitcoin

Ripple’s Xpring and Forte Partner on a $100M Fund to Support Game Development

Ripple, the company behind the world’s third-largest cryptocurrency by market cap, and Forte, a blockchain-based tech provider, have collectively formed a $ 100 million fund to support game developers. The move follows Samsung’s support for Enjin, a popular e-gaming platform.  Ripple’s Xpring and Forte Spending Big Time According to a press release published March 12, […]

Ethereum

Ethereum Creator Vitalik Buterin Proposes Wallet Fee to Fund Developers

Vitalik Buterin, the creator of the ethereum blockchain project, has proposed increasing user fees on the network for the purposes of supporting developers with sustainable funding. “I propose we consider supporting a community norm that client [and] wallet [developers] can [and] should charge a 1 gwei/gas fee for [transactions] sent through their wallet,” tweeted Buterin Friday. […]

Blockchain

Argentina’s Government Partners with Binance to Fund Blockchain Technology Projects

The Government of Argentina says it will match investments made by Binance Labs in blockchain technology startups in the country — to the tune of $ 50,000. The move marks the latest example of cryptocurrency and blockchain adoption in the Latin American nation.  Argentina’s Government Matches Binance 1:1 Binance Labs, the blockchain technology incubator of […]

Bitcoin

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 […]

Crypto News

Texas Crypto Fund Unveils Two New Ways to Value Bitcoin

In a paper published this week, Tuur Demeester’s US crypto fund, Adamant Capital, suggests two new ways of determining the relative market value of Bitcoin. One measures investor sentiment; it’s called Relative Unrealized Profit/Loss Ratio. HODLer Position Change (HPC) is perhaps more interesting. Adamant finds HPC by measuring blockchain “liveliness.” They explain the concept as […]

Bitcoin

Another University Endowment Invests in Crypto Fund: 2019 is the Year of Institutions

The University of Michigan’s $ 11.9 million endowment fund has plans to increase its stakes in a crypto fund managed by Andreessen Horowitz. The public university said in its Regents Communication agenda that it was looking to make additional investments into the California-based venture capital firm’s CNK Fund I. Earlier, in June 2018, the endowment had […]

Crypto News

Virginia Police Department Reveals Why its Pension Fund is Betting on Bitcoin

Fairfax County, Virginia has targeted part of its pension fund toward investments in the Bitcoin and cryptocurrency industry, as well as blockchain technology in general. Now, they’re explaining why. Fairfax County Retirement Systems Director Jeff Weiler published a post in response to CCN and other media’s reporting on the county’s decision to invest in Morgan […]

Crypto News

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 […]