Blockchain.com Launches Full Turkish Lira Banking Integration as a Native Payment Gateway for Turkey (copied and pasted from bitcoin(dot)com scamsite so no link, sorry).
Blockchain.com Launches Full Turkish Lira Banking Integration as a Native Payment Gateway for Turkey Blockchain.com has launched a full banking integration for Turkish Lira (TRY) to create a native payment gateway for users to deposit and withdraw Lira on its trading platform. With this development users in Turkey no longer have to incur high fees and conversion rates from third-party payment processors. Turkish traders have consistently been one of the most active countries on the company’s exchange since it launched last Summer. Native Turkish Lira Gateway Blockchain.com, the well-known provider of cryptocurrency products with over 40 million wallets created to date, has launched a full banking integration for Turkish Lira (TRY) to create a native payment gateway for users to deposit and withdraw Lira on the Blockchain.com Exchange. Turkish users can now go from account creation to buying crypto without having to use a third-party payment processor. On the trading platform, Turkish people can now deposit, withdraw, and use TRY to buy bitcoin BTC, ETH and USDT and convert their crypto into the fiat currency of their choice. “Turkey is one of the countries leading the charge to embrace cryptocurrencies, but its traders have only been met with high fees and poor service,” says Peter Smith, Co-founder and CEO of Blockchain.com. “Blockchain.com is dedicated to providing a fair, global market for Turkey’s crypto traders, and setting a new standard for the service they should not only expect, but demand from exchanges.” Economic concerns regarding the stability of the local fiat pushed cryptocurrency adoption in Turkey to grow faster than in most countries. At the start of the year it was reported that Turkish authorities, alarmed by the rapid spread of cryptocurrencies in the country, are ramping up efforts to introduce greater oversight into the sector. Local media revealed that regulators are under pressure to increase supervision because of the growing popularity of decentralized crypto assets among Turks. Turkey has an estimated 1 million investors, according to local reports, and a fifth of Turkish respondents in last year’s Global Consumer Survey by Statista said they used or owned crypto, as news(dot)Bitcoin(dot)com reported in June 2019. Blockchain.com Exchange Blockchain.com is one of the most trusted companies in the digital assets space, and has raised over $70 million in funding from investors such as Lightspeed Venture Partners and Google Ventures. It is also known for being friendly to the BCH community, integrating the cryptocurrency into its services. About a year ago, for example, the company launched a Bitcoin Cash block explorer that allows users to search for detailed information on specific BCH blocks, check whether a transaction has confirmed, view the balance of a wallet address, monitor market prices, and even watch real-time network transactions. Recently it launched a retail exchange focused on high speed performance. Since launching in August, the Blockchain.com trading platform has continued to adopt new features and assets. It now supports deposits and withdrawals in Pounds, US Dollars, Euros, and Turkish Lira, and is available in 190 countries. In the last two months, the venue has launched an API for algorithmic traders, listed the crypto project Algorand, and listed the gold-backed token DGLD, increasing its asset offering to 36 live trading pairs.
The Great Bitcoin Bull Market Of 2017 by Trace Mayer
By: Trace Mayer, host of The Bitcoin Knowledge Podcast. Originally posted here with images and Youtube videos. I just got back from a two week vacation without Internet as I was scouring some archeological ruins. I hardly thought about Bitcoin at all because there were so many other interesting things and it would be there when I got back. Jimmy Song suggested I do an article on the current state of Bitcoin. A great suggestion but he is really smart (he worked on Armory after all!) so I better be thorough and accurate! Therefore, this article will be pretty lengthy and meticulous. BACKGROUND As I completely expected, the 2X movement from the New York Agreement that was supposed to happen during the middle of my vacation flopped on its face because Jeff Garzik was driving the clown car with passengers willfully inside like Coinbase, Blockchain.info, Bitgo and Xapo and there were here massive bugS and in the code and miners like Bitmain did not want to allocate $150-350m to get it over the difficulty adjustments. I am very disappointed in their lack of integrity with putting their money where their mouths are; myself and many others wanted to sell a lot of B2X for BTC! On 7 December 2015, with Bitcoin trading at US$388.40, I wrote The Rise of the Fourth Great Bitcoin Bubble. On 4 December 2016, with Bitcoin trading at US$762.97, I did this interview:
As of 26 November 2017, Bitcoin is trading around US$9,250.00. That is an increase of about 2,400% since I wrote the article prognosticating this fourth great Bitcoin bull market. I sure like being right, like usual (19 Dec 2011, 1 Jul 2013), especially when there are financial and economic consequences. With such massive gains in such a short period of time the speculative question becomes: Buy, Hold or Sell? FUNDAMENTALS Bitcoin is the decentralized censorship-resistant Internet Protocol for transferring value over a communications channel. The Bitcoin network can use traditional Internet infrastructure. However, it is even more resilient because it has custom infrastructure including, thanks to Bitcoin Core developer Matt Corrallo, the FIBRE network and, thanks to Blockstream, satellites which reduce the cost of running a full-node anywhere in the world to essentially nothing in terms of money or privacy. Transactions can be cheaply broadcast via SMS messages. SECURITY The Bitcoin network has a difficulty of 1,347,001,430,559 which suggests about 9,642,211 TH/s of custom ASIC hardware deployed. At a retail price of approximately US$105/THs that implies about $650m of custom ASIC hardware deployed (35% discount applied). This custom hardware consumes approximately 30 TWh per year. That could power about 2.8m US households or the entire country of Morocco which has a population of 33.85m. This Bitcoin mining generates approximately 12.5 bitcoins every 10 minutes or approximately 1,800 per day worth approximately US$16,650,000. Bitcoin currently has a market capitalization greater than $150B which puts it solidly in the top-30 of M1 money stock countries and a 200 day moving average of about $65B which is increasing about $500m per day. Average daily volumes for Bitcoin is around US$5B. That means multi-million dollar positions can be moved into and out of very easily with minimal slippage. When my friend Andreas Antonopolous was unable to give his talk at a CRYPSA event I was invited to fill in and delivered this presentation, impromptu, on the Seven Network Effects of Bitcoin. These seven network effects of Bitcoin are (1) Speculation, (2) Merchants, (3) Consumers, (4) Security [miners], (5) Developers, (6) Financialization and (7) Settlement Currency are all taking root at the same time and in an incredibly intertwined way. With only the first network effect starting to take significant root; Bitcoin is no longer a little experiment of magic Internet money anymore. Bitcoin is monster growing at a tremendous rate!!
SPECULATION For the Bitcoin price to remain at $9,250 it requires approximately US$16,650,000 per day of capital inflow from new hodlers. Bitcoin is both a Giffen good and a Veblen good. A Giffen good is a product that people consume more of as the price rises and vice versa — seemingly in violation of basic laws of demand in microeconomics such as with substitute goods and the income effect. Veblen goods are types of luxury goods for which the quantity demanded increases as the price increases in an apparent contradiction of the law of demand. There are approximately 16.5m bitcoins of which ~4m are lost, ~4-6m are in deep cold storage, ~4m are in cold storage and ~2-4m are salable. (http://www.runtogold.com/images/lost-bitcoins-1.jpg) (http://www.runtogold.com/images/lost-bitcoins-2.jpg) And forks like BCash (BCH) should not be scary but instead be looked upon as an opportunity to take more territory on the Bitcoin blockchain by trading the forks for real bitcoins which dries up more salable supply by moving it, likely, into deep cold storage. According to Wikipedia, there are approximately 15.4m millionaires in the United States and about 12m HNWIs ($30m+ net worth) in the world. In other words, if every HNWI in the world wanted to own an entire bitcoin as a 'risk-free asset' that cannot be confiscated, seized or have the balance other wise altered then they could not. For wise portfolio management, these HNWIs should have at least about 2-5% in gold and 0.5-1% in bitcoin. Why? Perhaps some of the 60+ Saudis with 1,700 frozen bank accounts and about $800B of assets being targetted might be able to explain it to you. In other words, everyone loves to chase the rabbit and once they catch it then know that it will not get away. RETAIL There are approximately 150+ significant Bitcoin exchanges worldwide. Kraken, according to the CEO, was adding about 6,000 new funded accounts per day in July 2017. Supposedly, Coinbase is currently adding about 75,000 new accounts per day. Based on some trade secret analytics I have access to; I would estimate Coinbase is adding approximately 17,500 new accounts per day that purchase at least US$100 of Bitcoin. If we assume Coinbase accounts for 8% of new global Bitcoin users who purchase at least $100 of bitcoins (just pulled out of thin error and likely very conservative as the actual number is perhaps around 2%) then that is approximately $21,875,000 of new capital coming into Bitcoin every single day just from retail demand from 218,750 total new accounts. What I have found is that most new users start off buying US$100-500 and then after 3-4 months months they ramp up their capital allocation to $5,000+ if they have the funds available. After all, it takes some time and practical experience to learn how to safely secure one's private keys. To do so, I highly recommendBitcoin Core (network consensus and full validation of the blockchain), Armory (private key management), Glacier Protocol (operational procedures) and a Puri.sm laptop (secure non-specialized hardware). WALL STREET There has been no solution for large financial fiduciaries to invest in Bitcoin. This changed November 2017. LedgerX, whose CEO I interviewed 23 March 2013, began trading as a CFTC regulated Swap Execution Facility and Derivatives Clearing Organization. The CME Group announced they will begin trading in Q4 2017 Bitcoin futures. The CBOE announced they will begin trading Bitcoin futures soon. By analogy, these institutional products are like connecting a major metropolis's water system (US$90.4T and US$2 quadrillion) via a nanoscopic shunt to a tiny blueberry ($150B) that is infinitely expandable. This price discovery could be the most wild thing anyone has ever experienced in financial markets. THE GREAT CREDIT CONTRACTION The same week Bitcoin was released I published my book The Great Credit Contraction and asserted it had now begun and capital would burrow down the liquidity pyramid into safer and more liquid assets. (http://www.runtogold.com/images/Great-Credit-Contraction-Liquidity-Pyramid.jpg) Thus, the critical question becomes: Is Bitcoin a possible solution to the Great Credit Contraction by becoming the safest and most liquid asset? BITCOIN'S RISK PROFILE At all times and in all circumstances gold remains money but, of course, there is always exchange rate risk due to price ratios constantly fluctuating. If the metal is held with a third-party in allocated-allocated storage (safest possible) then there is performance risk (Morgan Stanley gold storage lawsuit). But, if properly held then, there should be no counter-party risk which requires the financial ability of a third-party to perform like with a bank account deposit. And, since gold exists at a single point in space and time therefore it is subject to confiscation or seizure risk. Bitcoin is a completely new asset type. As such, the storage container is nearly empty with only $150B. And every Bitcoin transaction effectively melts down every BTC and recasts it; thus ensuring with 100% accuracy the quantity and quality of the bitcoins. If the transaction is not on the blockchain then it did not happen. This is the strictest regulation possible; by math and cryptography! This new immutable asset, if properly secured, is subject only to exchange rate risk. There does exist the possibility that a software bug may exist that could shut down the network, like what has happened with Ethereum, but the probability is almost nil and getting lower everyday it does not happen. Thus, Bitcoin arguably has a lower risk profile than even gold and is the only blockchain to achieve security, scalability and liquidity. To remain decentralized, censorship-resistant and immutable requires scalability so as many users as possible can run full-nodes. (http://www.runtogold.com/images/ethereum-bitcoin-scability-nov-2017.png) TRANSACTIONS Some people, probably mostly those shilling alt-coins, think Bitcoin has a scalability problem that is so serious it requires a crude hard fork to solve. On the other side of the debate, the Internet protocol and blockchain geniuses assert the scalability issues can, like other Internet Protocols have done, be solved in different layers which are now possible because of Segregated Witness which was activated in August 2017. Whose code do you want to run: the JV benchwarmers or the championship Chicago Bulls? As transaction fees rise, certain use cases of the Bitcoin blockchain are priced out of the market. And as the fees fall then they are economical again. Additionally, as transaction fees rise, certain UTXOs are no longer economically usable thus destroying part of the money supply until fees decline and UTXOs become economical to move. There are approximately 275,000-350,000 transactions per day with transaction fees currently about $2m/day and the 200 DMA is around $1.08m/day. (http://www.runtogold.com/images/bitcoin-transaction-fees-nov-2017.png) What I like about transaction fees is that they somewhat reveal the financial health of the network. The security of the Bitcoin network results from the miners creating solutions to proof of work problems in the Bitcoin protocol and being rewarded from the (1) coinbase reward which is a form of inflation and (2) transaction fees which is a form of usage fee. The higher the transaction fees then the greater implied value the Bitcoin network provides because users are willing to pay more for it. I am highly skeptical of blockchains which have very low transaction fees. By Internet bubble analogy, Pets.com may have millions of page views but I am more interested in EBITDA. DEVELOPERS Bitcoin and blockchain programming is not an easy skill to acquire and master. Most developers who have the skill are also financially independent now and can work on whatever they want. The best of the best work through the Bitcoin Core process. After all, if you are a world class mountain climber then you do not hang out in the MacDonalds play pen but instead climb Mount Everest because that is where the challenge is. However, there are many talented developers who work in other areas besides the protocol. Wallet maintainers, exchange operators, payment processors, etc. all need competent developers to help build their businesses. Consequently, there is a huge shortage of competent developers. This is probably the largest single scalability constraint for the ecosystem. Nevertheless, the Bitcoin ecosystem is healthier than ever before. (http://www.runtogold.com/images/bitcoin-ecosystem.jpg)(/images/bitcoin-ecosystem-small.jpg) SETTLEMENT CURRENCY There are no significant global reserve settlement currency use cases for Bitcoin yet. Perhaps the closest is Blockstream's Strong Federations via Liquid. PRICE There is a tremendous amount of disagreement in the marketplace about the value proposition of Bitcoin. Price discovery for this asset will be intense and likely take many cycles of which this is the fourth. Since the supply is known the exchange rate of Bitcoins is composed of (1) transactional demand and (2) speculative demand. Interestingly, the price elasticity of demand for the transactional demand component is irrelevant to the price. This makes for very interesting dynamics! (http://www.runtogold.com/images/bitcoin-speculation.jpg) On 4 May 2017, Lightspeed Venture Partners partner Jeremy Liew who was among the early Facebook investors and the first Snapchat investor laid out their case for bitcoin exploding to $500,000 by 2030. On 2 November 2017, Goldman Sachs CEO Lloyd Blankfein (https://www.bloomberg.com/news/articles/2017-11-02/blankfein-says-don-t-dismiss-bitcoin-while-still-pondering-value)said, "Now we have paper that is just backed by fiat...Maybe in the new world, something gets backed by consensus." On 12 Sep 2017, JP Morgan CEO called Bitcoin a 'fraud' but conceded that "(http://fortune.com/2017/09/12/jamie-dimon-bitcoin-cryptocurrency-fraud-buy/)Bitcoin could reach $100,000". Thus, it is no surprise that the Bitcoin chart looks like a ferret on meth when there are such widely varying opinions on its value proposition. I have been around this space for a long time. In my opinion, those who scoffed at the thought of $1 BTC, $10 BTC (Professor Bitcorn!), $100 BTC, $1,000 BTC are scoffing at $10,000 BTC and will scoff at $100,000 BTC, $1,000,000 BTC and even $10,000,000 BTC. Interestingly, the people who understand it the best seem to think its financial dominance is destiny. Meanwhile, those who understand it the least make emotionally charged, intellectually incoherent bearish arguments. A tremendous example of worldwide cognitive dissonance with regards to sound money, technology and the role or power of the State. Consequently, I like looking at the 200 day moving average to filter out the daily noise and see the long-term trend. (http://www.runtogold.com/images/bitcoin-price-200dma-nov-2017.png) Well, that chart of the long-term trend is pretty obvious and hard to dispute. Bitcoin is in a massive secular bull market. The 200 day moving average is around $4,001 and rising about $30 per day. So, what do some proforma situations look like where Bitcoin may be undervalued, average valued and overvalued? No, these are not prognostications. (http://www.runtogold.com/images/bitcoin-price-pro-forma.png) Maybe Jamie Dimon is not so off his rocker after all with a $100,000 price prediction. We are in a very unique period of human history where the collective globe is rethinking what money is and Bitcoin is in the ring battling for complete domination. Is or will it be fit for purpose? As I have said many times before, if Bitcoin is fit for this purpose then this is the largest wealth transfer in the history of the world. CONCLUSION Well, this has been a brief analysis of where I think Bitcoin is at the end of November 2017. The seven network effects are taking root extremely fast and exponentially reinforcing each other. The technological dominance of Bitcoin is unrivaled. The world is rethinking what money is. Even CEOs of the largest banks and partners of the largest VC funds are honing in on Bitcoin's beacon. While no one has a crystal ball; when I look in mine I see Bitcoin's future being very bright. Currently, almost everyone who has bought Bitcoin and hodled is sitting on unrealized gains as measured in fiat currency. That is, after all, what uncharted territory with daily all-time highs do! But perhaps there is a larger lesson to be learned here. Riches are getting increasingly slippery because no one has a reliable defined tool to measure them with. Times like these require incredible amounts of humility and intelligence guided by macro instincts. Perhaps everyone should start keeping books in three numéraires: USD, gold and Bitcoin. Both gold and Bitcoin have never been worth nothing. But USD is a fiat currency and there are thousands of those in the fiat currency graveyard. How low can the world reserve currency go? After all, what is the risk-free asset? And, whatever it is, in The Great Credit Contraction you want it! What do you think? Disagree with some of my arguments or assertions? Please, eviscerate them on Twitter or in the comments!
VC Firm Raises $1.8 Billion for Startup Investments Including Cryptocurrency
https://preview.redd.it/39c7v4c02i911.jpg?width=1000&format=pjpg&auto=webp&s=5eb4f32f96679602dad63ebaab134975a4be2a80 Lightspeed Venture Partners, a venture capital (VC) firm and early investor in Snap Inc., has raised $1.8 billion for startup investments including cryptocurrency projects. As it eyes a business expansion to Southeast Asia, where the digital currency ecosystem thrives like no other region, the VC player is likely to fund a number of promising cryptocurrency products there. Snapchat Investor Lightspeed Has Billion Dollar Wallet to Invest in Cryptocurrency Projects The early backer of Snapchat’s creator Snap is having approximately $1.05 billion of the $1.8 billion new funding earmarked for a separate fund to invest in more mature companies, instead of its traditional approach of funding early-stage firms. The company’s upcoming expansion to Southeast Asia will include investments in cryptocurrency, among other areas such as biotechnology and new TV streaming services, according to partners at Lightspeed, who added they will have to invest repeatedly in companies they already backed as startups stay private for longer. “That trend has only been increasing over time, and as a result, our funds have been getting bigger over time as well,” said partner Jeremy Liew. Lightspeed hired a new partner, ex-Insight Venture Partners Brad Twohig, to help lead the firm’s growth investments. Lightspeed has returned $2.7 billion to investors since the start of 2017, which has become an uncommon scenario among the VC industry as venture-backed tech companies increasingly delay their initial public offerings (IPOs). In the last five years, Lightspeed-backed companies have held 17 IPOs, about half of which have occurred since the start of 2017, including messaging app Snapchat. “If you point to one moment in time for the firm it was probably the Snap IPO. But really, it’s a decade of hard work and it all came to fruition at the same time.” Lightspeed Venture Partners are no strangers to blockchain and the cryptocurrency market. Jeremy Liew said last year that demand for Bitcoin et al. will continue to grow as the world continues to move towards instability, in terms of geopolitics and military interventions. Citizens will eventually look for alternatives to official currencies, especially in countries in the Middle East, South America, and Eastern Europe, where political instability and inflation are common. Lightspeed has recently invested in the ICO of Telegram, which raised more than $1.7 billion in its presale. Due to its massively successful presale, Telegram revealed that it will no longer initiate a public ICO. Lightspeed Ventures made its first token investment ever when it backed Basis in April 2018. Developed by Intangible Labs and backed by other big names such as Andreessen Horowitz, Bain Capital Ventures, and Google Ventures, Basis is a stable coin that will be built on the Ethereum blockchain. Source
What is layer protocol? The Layer Protocol is a borderless reputation and incentive system that unifies sharing economy companies across the world, creating a next-generation, decentralized global authority of user behavior reputation. Layer seeks to be the decentralized credit scoring agency of the future. Read more from Whitepaper. When is the token generation event? The TGE is scheduled for Q3-2018. We'll be releasing our detailed Q3 roadmap shortly. Please have patience. What currency is the token value pegged to? The token value is pegged to USD. Exact price in ETH is yet to be announced. 1 LRX = 0.0375 USD. When will whitelisting be available? No set date for whitelisting, however it will precede the Token Generation Event (TGE) which is scheduled for Q3 2018. How many team members? The team has 9 members. Where is the Layer Protocol team from? The team is based in Silicon Valley, United States. The Layer Foundation is based in Switzerland. For more information about team members please see our official website. Who will use the platform? The platform will be used by companies in the sharing economy where there is a need for a reliable database of its users reputation. When and which exchanges will the project list on? The project is not listed anywhere, because token sale is not completed yet. We can't give out any details on exchange listings prior to simultaneous announcement from us and the exchange(s). Where can we find the roadmap? Here's our roadmap for the next 6 months: https://medium.com/layerprotocol/the-layer-protocol-roadmap-9a5b372c39af Why rebrand from Pin Protocol? What changes were made? We rebranded Pin Protocol to Layer Protocol because of a similar-name scam project named “Pincoin” . We didn’t want to be associated with that project in any form. New name was the only change. More info here. What is Spin and how is it associated with Layer Protocol? Spin has been one of the fastest-growing and most talked-about companies in Silicon Valley in 2018, and this is how most of the community knows about Layer. The co-founders of Spin started Layer, and have been pretty vocal about this when talking about Layer. Layer came about as it solves a crucial problem for Spin, and also because it has compelling potential independently as a decentralized reputation protocol for other platforms. The continuing rapid growth of Spin drives more adoption and distribution for Layer. Who are your Partners? Origin Protocol - Origin is a protocol for creating sharing economy marketplaces using the Ethereum blockchain and IPFS. More about the partnership here. Insight Network - Layer Protocol is partnering with Insights Network to be its KYC solution, providing an efficient, streamlined process for identity verification. Effective immediately, users can complete KYC verification for Layer Protocol on the Insights Network. Link to medium post. Quantstamp - Quantstamp will audit Layer Protocol's ICO and protocol smart contracts in the near future. Link to medium post about the partnership. MedChain - Medchain is the leading blockchain Electornic Health Record platform. You can read about the partnership here. No Rest Labs - No Rest Labs is the premium blockchain development firm, that has significantly contributed to top tier projects including Lendroid, WeTrust, Aimedis, and tagMonkey, and are the minds behind five open-source blockchain tools: MouseXplore, MouseKYC, MouseSDK, MouseWallet, and MouseUtility. MouseBelt - The world’s first full-service blockchain accelerator. Read the medium post here. Spin - Spin provides your community with dockless scooter-share to get you where you need to go—whether you’re commuting to work, going to class, running errands on the weekends or exploring your city. With Spin, you’re free to roam. Layer Protocol Team Core Team Euwyn Poon - Co-Founder - Euwyn is entrepreneur, lawyer and software engineer who has been involved in the blockchain industry for 5 years. In 2014, he co-founded Delta, one of the first projects to offer interest-bearing Bitcoin accounts, which was backed by Y Combinator, Initialized Capital and Winklevoss Capital. He has spoken at CoinSummit London and Inside Bitcoins and has been featured on Bloomberg, Wall Street Journal, New York Times, Forbes, Vice, CNBC and Fox Business News. https://www.linkedin.com/in/euwyn/ Derrick Ko - Co-Founder - Derrick is a senior software engineer and product manager, and is also the Co-founder & CEO of Spin, an electric scooter sharing company serving over 50 markets in the US. Previous experience includes Lyft, Kicksend, Pivotal Labs and is a Y Combinator alumni. https://www.linkedin.com/in/derrickk/ Zaizhuang Cheng - CTO & Co-founder - Zaizhuang is a senior software engineer, previously lead engineering at Disqus and built a Singapore based startup Yum. He is also CTO at Spin. https://www.linkedin.com/in/zaizhuang/ Galen Danziger - External CTO - Galen has been a CTO of many successful startups in Silicon Valley, participated in 500 startups program with tagMonkey and is a CTO in No Rest Labs, an software development company providing development services in the blockchain space. Lead the development for Lendroid. https://www.linkedin.com/in/galen-danziger-83877179/ Patrick McLain - External DevOps - Patrick is the leader of Blockchain accelerator MouseBelt, and leads the operations at No Rest Labs, providing development team along with Galen to Layer Protocol. Previously also went through 500 startups program with tagMonkey alongside Galen. Advisors Shayne Coplan - Founder & CEO of TokenUnion https://www.linkedin.com/in/shaynecoplan/ Michael Ma - General Partner at Liquid 2 Ventures https://www.linkedin.com/in/michaelma8/ Dmitry Grishin - Co-founder of Grishin Robotics, Mail.ru (DST) https://en.wikipedia.org/wiki/Dmitry_Grishin Josh Fraser - Co-founder of Origin Protocol https://www.linkedin.com/in/joshuafrase Matthew Liu - Co-founder of Origin Protocol https://www.linkedin.com/in/matthewliu/ Gee Chuang - Co-founder of Ink Protocol and Listia https://www.linkedin.com/in/geechuang/ Kenzi Wang - General Partner at AU21, a blockchain fund https://www.linkedin.com/in/kwang2/ David Chen - Former Partner at Lightspeed https://www.linkedin.com/in/dchen/ Token metrics: Token Total Supply: 1,000,000,000 LRX The hard cap is $15M There is no soft cap Token Allocation: 40% token sale, 15% team and advisors (2 year vesting), 30% company reserve (growth of team, build core partner network, user acquisition and control economics), 15% community (onboard partners, nodes and community growth) Usage of Funds: 40% User Acquisition, 20% BD and Partnerships, 10% Operations and Overheads, 30% Engineering How do I stay up to-date on announcements and updates? Please check our Telegram announcements channel for latest updates. You may also wish to stay up-to-date on other Layer Protocol progress/news through the official blog on Medium https://medium.com/layerprotocol Project links: Website: https://layerprotocol.com/ Telegram Group: https://t.me/layerprotocol Telegram ANN: https://t.me/layerprotocolannouncements Twitter: https://twitter.com/LayerProtocol Medium: https://medium.com/layerprotocol Whitepaper: https://docsend.com/view/esxs96z
Abine launches "Bitcoin Anywhere" (a new beta service) Coinbase users can spend Bitcoin anywhere online Abine, the online privacy company, today announced a new beta service designed to help Bitcoin users more fully participate in online commerce. The invite-only beta will enable Bitcoin to Abine Masked Card purchases at any merchant. As the Bitcoin economy goes mainstream, there is an increasing need to be able to use Bitcoin at more places, provided that spending is ultimately compliant and is for legitimate e-commerce purposes. “What we aim to achieve is to assess consumer demand for a purchasing experience that balances innovation, convenience, compliance, and security,” said Andrew Sudbury, Abine co-founder and CTO. To signup for the beta program: https://dnt.abine.com/#blurbitcoin The beta program is limited to users of the popular Coinbase Bitcoin wallet and users must also use Abine’s Blur premium service (Blur lets anyone control their passwords, payments, and privacy). By linking Blur together with a Bitcoin wallet, a more accepted and more contextual Bitcoin-based e-commerce experience is possible. Abine plans to share the results of the beta program with key Bitcoin companies, influencers, and regulators in order to inform the ecosystem about the potential for broadening the pace of Bitcoin acceptance – from beyond the 85,000 merchants who accept Bitcoin payments today. Everyone wants to know how Bitcoin would fare if it were more widely accepted by merchants. Leading VC’s who have invested in Bitcoin like Andreesen Horowitz, Lightspeed, Index, and Khosla Ventures are ultimately betting that consumers will come use Bitcoin if it is accepted more broadly. Similarly, the big Bitcoin startups like Coinbase, Circle, Bitpay, Bitfury, and Xapo are betting on wide acceptance catalyzing mainstream use. Blur with Bitcoin Blur -Abine’s password, payments, and privacy solution- goes beyond Bitcoin wallets to give users other simple ways to be more private and secure online. With one click or finger tap, Blur generates a new email address, strong unique password, and or one-time use secure credit card (masked card) that is sent to the site or merchant instead of the consumer’s real private information. Consumers thereby remain in full control of their real personal info while still being able to interact normally with popular web sites and services. Blur also automatically blocks hundreds of tracking companies from secretly collecting detailed data about what people do daily online. Blur comes in free and premium versions (Premium costs less than $4 per month). Blur premium service includes a new private phone number, unlimited new masked credit cards, as well as the ability to add and sync unlimited mobile devices to an account for one subscription price. To download and use Blur immediately, visit www.abine.com. About Abine Abine is the online privacy company. Abine has for years been committed to providing consumers with innovative and comprehensive privacy solutions meant for everyday web users. Abine’s solutions have been trusted by over 25 million people worldwide to protect and control their passwords, payments, privacy, and identity. Get Blur. Contact We’re very excited about this launch and believe it is just what the marketplace needs. With this integration, Coinbase users will be able to use Bitcoin to make purchases at any online retailer - something not possible before now. This is a step in the right directions for consumers, bitcoin, and secure payments and we hope you don’t miss out on covering this opportunity. If you are a journalist, we would love for you to cover this story, and if you'd like I can help you set up some time to speak with our CEO, Rob Shavell, or CTO Andrew Sudbury to discuss this launch in more detail. Please contact [email protected] for more information.
VCs not Investing in Blockchain: VC investment in blockchain and Bitcoin companies hit a new low in number of financed companies. While the total sum of investment was relatively high, half of it came from financial institutions and tech giants rather than VCs.
But Banks & Tech Corporations Do: Microsoft, Intel and Amazon, together with top financial institutions such as Bank of America and Citigroup are presenting new blockchain solutions to developers, but the VCs are still lagging behind them in terms of investment and involvement in the industry. Exceptions: Lightspeed, Union Square, and Andreessen Horowitz each hold an average of five portfolio companies in the blockchain and bitcoin space.
ICO Storm: ICOs are exploding, bringing in $1.73 billion dollars since the beginning of 2017, five times the total capital raised by ICOs by the end of 2016. Fight or Flight: VCs are afraid to jump into blockchain investment because of the competitive threat ICOs pose; because of heavy regulation, due to treating crypto tokens as securities; because of too many bankruptcies and too few success stories; inability to create monopolies; Blockchain’s lack of scalability; and because of the inability to separate Blockchain infrastructure from the shady aspects of Bitcoin. Blockchain technology has been a buzz word for quite some time, yet it is Terra Incognita for most industry leaders, and is a space that still suffers from underinvestment. As the black swan of the tech world, blockchain hasn’t managed to acquire the place other buzz-related technologies, such as self-driving cars or A.I., acquired long ago. Associated with the high volatility of Bitcoin, and some of the shady activities that have exploited the digital currency, blockchain is still raising too many question marks in the eyes of the VCs, the same people who usually pioneer investment in revolutionary innovations.
But there are other possible reasons for the lack of Blockchain support by VCs. A major force behind VC objection to blockchain technology is called ICO, or Initial Coin Offering. ICOs are a blockchain, token-based fundraising alternative that is quickly becoming popular, making VCs and their traditional, slow, and sometimes heavily taxing process completely redundant. ICOs not only simplify the investment process, but also provide ways for startups to share equity and other benefits with their investors, their users, suppliers, and the entire community around them. In that light, ICOs are filling the financing gap that VCs and other investors are leaving behind. So far, 2017 is the breakthrough year for ICOs as $1.73 billion has been raised by startups using token sales, and ICO fundraising is forecasted to reach $1.8 billion by October. Notable ICOs include those of Tezos ($208M), EOS.IO ($200M), Bancor ($153M), and Status ($95M), as well as about 60 token sales in total. Have the investors made a profit? It depends, but the total market cap for all Altcoins (Cryptocurrency excluding Bitcoin) has risen from $2.2B on January 1st to roughly $71B yesterday. This is an increase of over 3200%, so yes, some investors are definitely happy. For unbiased ICO reviews go to Coin.best. For unbiased research reports on startup companies go to Zirra But Blockchain technology extends way beyond ICOs and even digital coins. Leaving currency aside, blockchain turned out to be a viable system of value sharing with no need for a trusted third party, such as a bank, or any centralized system. Blockchain can be used as a trusted digital ledger for an infinite selection of applications: it can be used as the infrastructure of a digital wallet, a voting system, or a platform that authenticates identity, ownership or certification, or certifies the traces of a supply chain. Microsoft and Intel have developed their blockchain frameworks for enterprises and financial institutions such as Citigroup and Bank of America has been investing in blockchain startups. Yet VCs are not buying. Is it moral bias? Fear from the impact of ICOs? Seeing something the others don’t or simply “staying behind the curve”? It’s difficult to tell. Fact is, VCs are not aligning behind blockchain, leaving a vacuum that quickly fills up while posting possibly the biggest gamble for the future of their own ventures. How alienated are VCs from the blockchain industry? According to a recent study by CB Insights, traditional equity-based investment (non-ICO) in blockchain companies hit in the second quarter of 2017 their lowest point since 2013, to 16 financing rounds. However, these 16 rounds totaled in $232 million, which was actually as high as the entire VC investment in self driving cars in the entire first half of the year. But VCs were just a small part of that picture. Almost half ($107 million) of the VC-based quarterly funding for blockchain companies went to the banking consortium R3, which was actually funded by the largest financial institutions such as Bank of America, Citigroup, Barclays, Credit Suisse, HSBC and tech giants such as Intel. Another $40 million went to the Bitcoin-based digital wallet Blockchain, from cryptocurrency-oriented investors such as Digital Currency Group, and mainstream VCs such as Lightspeed and Mosaic. As the graph below shows, top VCs are hardly in the blockchain game, hesitant to invest in more than one or two companies per quarter altogether around blockchain technology. Only a portion invested in more than one company in the space in total. Notable VCs Lightspeed, Union Square, and Andreessen Horowitz each hold an average of five portfolio companies in the blockchain and bitcoin space. So, who are the most dedicated investors in bitcoin and blockchain technology? The leaders are cryptocurrency-dedicated funds and hedge funds such as Digital Currency Group, Blockchain Capital, Pantera, Fenbushi Capital and Future Perfect. They are joined by a small group of innovative VCs ,managed by partners who are keen to cryptocurrencies such as Marc Andreessen (Andreessen Horowitz), Fred Wilson (Union Square), and Tim Draper (Draper Associates). Blockchain is not waiting for VCs to enter the game. It is exploding. Here are 3 major signals for this: 1.ICOs are exploding: In the meantime, it seems like everyone but VCs have joined the blockchain party. The ICOs were the ones who took the bigger bulk of business press attention in the second quarter, raising about $750 million for 60 companies. However, VCs and other institutional investors were not among the investors, as long as ICOs are not regulated and are outside the charter of investment given to general partners by their limited partners. 2.Cryptocurrency, not just Bitcoin, is experiencing great momentum. The graph below tells the story. Bitcoin is barely the whole picture. Other blockchain-based cryptocurrencies such as Ethereum and Ripple are on the rise. This graph shows the total market capitalization for the top seven cryptocurrencies excluding Bitcoin: Here, Ethereum and Ripple can be seen gaining more and more market share of the entire cryptocurrency market: 3.Enterprises are pouring in: Technology corporations and financial institutions didn’t wait for the VCs to come and adopted their solutions for blockchain-based decentralized networks. Among tech giants, leaders Microsoft and Intel have been pushing blockchain agendas for internal use among their customers, which are mainly big companies. Earlier this week, Intel and Microsoft joined forces to launch Coco, a blockchain framework for business that processes about 1,600 transactions per second, 1000X more than comparable blockchain frameworks, such as Ethereum consortium. The new platform uses Ethereum-based smart contracts and enables confidentiality and security over the network with the aid of other distributed ledger systems. With Coco, fashion retailers, for example, might form a blockchain consortium to verify authentic designer merchandise, and track delivery, payments, and stock inventory. Earlier in 2015, Microsoft announced a cloud-based blockchain developer environment for Azure, its cloud platform. Since then, the company has partnered with numerous blockchain technologies such as HyperLedger Fabric, R3 Corda, Quorum, Chain Core, and BlockApps. Competitor Amazon made a similar move, partnering with blockchain investment firm Digital Currency Group to offer an experimentation environment for startups and developers and partnering with a few blockchain companies on its AWS cloud platform. Google too is in the game, although not directly, investing through its VC in Ripple, the third largest cryptocurrency after Bitcoin and Ethereum, and in Blockchain, a bitcoin wallet startup. At least two large-scale blockchain projects are permissioned by global enterprises: Open-source project Hyperledger, established by the Linux Foundation, is partnered with Intel, J.P Morgan, SAP, Fujitsu, Accenture, Daimler, and R3. Many of these organizations are also a part of the Ethereum Alliance, with the addition of enterprises such as Microsoft, BBVA, Credit Suisse and more. So, to sum up, why are VCs so afraid of blockchain? There are quite a few reasons for this: Fear of the impact ICOs have on traditional VC business: VCs have sustained many threats, from family offices taking up innovation, crowdfunding, and private equity firms digging into investing in startups directly. But never has the danger been so clear and imminent as with ICOs. In the long term, ICOs as a funding vehicle for start-ups could rival the traditional VC model. Blockchain tokens issued by start-ups during an ICO are a more liquid asset than any stock in a private company held by VCs. In the current situation, venture capital funds are an illiquid asset class, and they have to wait 7-10 years to realize their results and measure the IRR. But blockchain tokens are immediate and can disclose a company’s momentum in real time. Naturally, VCs would feel suspicious regarding a real-time investment model that challenges them. Also, ICO might bring to the table another new kind of investor, making deals less exclusive than what they used to be, on a scale that crowdfunding hasn’t done yet. On the other hand, this will demand disclosure by startups of performance indicators in the public domain. In that way, GPs and LPs will have a clearer idea of the performance of their portfolio. Inability to separate blockchain as an infrastructure for businesses from Bitcoin and ICOs: Blockchain is a technology concept that can turn over industries. It is a secured and distributed electronic ledger, which allows all transactions – such as payments, loans, and contracts- to be tracked in real time. Bitcoin is a coin that can be used for digital transactions, and ICOs are a method for raising money using the offering of digital coin based tokens. Most VCs will not even go so far as understanding these nuances, not to mention acting rationally upon each of these sectors. Inconvenient Regulation: Last month the SEC declared blockchain tokens to be considered securities, rather than assets. This decision puts the U.S in an inferior position relative to countries such as Switzerland and Singapore that treat blockchain tokens as assets. In order to attract investors and make the ICO process easier, U.S blockchain companies might list in those countries, or else use regulation S and D exemptions with the SEC in order to raise funds. That limits American funding to a mere 99 accredited investors, but does not limit global investments. Few exits and high rate of failure: As an immature discipline, Bitcoin and blockchain companies not only have a poor history of exits, but also a high rate of failure. According to research focused on cryptocurrency investments listed on the Coindesk database, 14% of a total number of VC-backed blockchain and Bitcoin companies went bankrupt or were sold in a fire sale. 85% of them were focused on Bitcoin. The numerous M&As in the business mainly concentrated around Bitcoin exchanges, and do not seem to be related to VCs. Blockchain was unscalable and not business oriented until recently: Putting aside cryptocurrency mining, which consumes a lot of energy, blockchain frameworks are not efficient enough for business applications. Ethereum, for example, processes around 16 transactions per second. However, Microsoft has recently showcased a blockchain framework that processes 1,600 transactions per second. Inability to create a monopoly: Investor Peter Thiel once said that “entrepreneurs starting a company should aim for monopoly and avoid competition.” However, the idea behind blockchain, a decentralized and public network, is intolerant to monopolies. Investing in ICO is still dangerous: In the current situation, direct investment in ICOs entails perils for VCs besides regulation. This includes a complicated process of cashing out (of a digital coin), currency’s high volatility, the high cost of capital in due diligence, and a reduced defensibility in the case of a large investment, according to a paper by Lerer Hippeau investment firm. How Can VCs Get Involved with Blockchain? It might be a little too late for VCs to join the blockchain revolution. The original early stage cherry-picking model of VCs calls for identifying a revolutionary technology before anyone else, rather than jumping on an already moving wagon. In addition to traditional equity investment in blockchain-oriented companies, VCs can act prudently, starting with new and creative formations. For instance, they can raise blockchain dedicated funds or hedge funds, re-contracting their LPs regarding the new rules of the game, such as raising a part of the fund through ICO or investing in liquidated securities such as cryptocurrency tokens. Another option is to invest in the economy created by an ICO, or in its token adoption, rather than buying tokens in the ICO itself. This can be done by providing money, real estate, computing power, guidance or support to developers that are building on top of the blockchain protocol. We at coin.best provide unbiased ICO reviews through an objective analysis and rating system, allowing blockchain investors to better understand the ICO market
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Bitcoin wallet startup Abra has announced that actress and entrepreneur Gwyneth Paltrow has joined its team as an advisor. Gwyneth Paltrow, an actress well known as Tony Stark's girlfriend Pepper Potts in Marvel's Iron Man and the Avengers series, has joined Abra as an advisor after being chosen by CEO Bill Barhydt during an episode of the Apple's Planet of the Apps. Airing his episode on Tuesday, the Shark Tank-style series from Apple Music allowed Barhydt to pitch his Bitcoin-based global money transfer app to a panel of four "Entrepreneur advisors," including Paltrow. Barhydt spent three months working on the filming of the show since late 2016, which wrapped up in early 2017, he detailed on the Abra blog. Sitting beside Paltrow, the two Facetimed with Chesky, who advised Barhydt to "Focus on making a product that a core group of people love before worrying too much about scaling." According to the CEO, the advice has "Really stuck with me and has helped guide our decision-making at Abra over the last few months." After working together for a few weeks, Barhydt and Paltrow presented the Abra app to four venture capitalists at Lightspeed Capital.
The first investor in Snapchat explains why the bitcoin rally is just getting started
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Uncertainty about governments could make cryptocurrency like bitcoin an even more in-demand commodity, said Lightspeed Venture Partners partner Jeremy Liew."Bitcoin and the other digital currencies, they all really see a lot of benefit in times of political and economic instability," Liew said to CNBC. "Fundamentally when a citizen doesn't have faith in their currency of their country, then they are looking for alternatives, and a digital alternative like bitcoin becomes much more compelling in those circumstances." Lightspeed co-led the first venture round in Blockchain, a bitcoin wallet, in October 2014. Liew said in parts of the Middle East, Africa, South America and Eastern Europe, concerns over the government being overthrown or persistent long-term currency inflation have been driving bitcoin's increasing valuation. A bitcoin is valued at a little over $2,800 as of Tuesday afternoon, according to Coindesk. While there are other cryptocurrencies like ethereum, Liew points out it's currently valued at just a fraction of bitcoin's market cap. "If you're going to be an investor in anything, you want to be where the most trading volume is happening, and right now that's happening in bitcoin," he said.
Reporte Semanal #2 Julio 2015 I Análisis de Mercado de Bitex.la
Durante la última semana la moneda digital operó la franja entre 292.79 USD y 272.74 USD. Podemos observar en el grafico que el precio tuvo una leve tendencia a la baja de manera lateralizada pero nunca rompiendo el soporte de los 270 USD. Podemos esperar que esta semana el Bitcoin se mantenga en este nivel de precios, de romper la resistencia de 290 USD podría experimentar una suba mantenida hasta el nivel de los 310 USD. https://d262ilb51hltx0.cloudfront.net/max/1123/1*k-M1-0_MOgIter_AP0ov-Q.jpeg Con más de 800 millones de dólares invertidos en Bitcoin y tecnología Blockchain en nuevas empresas desde 2012, es seguro decir que los capitalistas de riesgo han sin duda sido cautivados. Las inversiones en la industria ya han superado el total acumulado para el 2014, con más de $ 380 millones comprometidos a nuevas empresas en las rondas de financiación anunciadas públicamente este año. Mientras que de por si es una cifra impresionante, lo que ese número representa es la cantidad de semillas a las empresas en última etapa que están haciendo apuestas sobre la nueva ola de innovadores con el objetivo de tomar al bitcoin y la tecnología blockchain por delante. Los Datos de Bitcoin VC de CoinDesk indican que cerca de 200 empresas de capital riesgo han invertido en empresas Bitcoin, un total que excluye a los muchos inversores individuales y que han participado en las rondas de financiación públicas, así como las diversas ofertas privadas mantenidas fuera de la vista del público. Fuera de estas muchas empresas de inversión, sin embargo, los líderes claros son aquellos cuyos acuerdos de inversión e ideales han influido en el ecosistema más amplio. Con esto en mente, hemos compilado una lista de 10 de las empresas de inversión más influyentes y visibles en la industria. IDG Capital Partners: La única entidad no estadounidense de la lista, de China IDG Capital ha surgido como un inversionista temprano, aún conservador, con un mayor énfasis en las aplicaciones de la blockchain como un libro distribuido. La primera inversión de IDG se produjo durante su 05 2013 financiación de Ripple Labs, un proveedor de protocolo de pagos distribuido que ha recaudado $ 37 millones en total y recientemente cerró $ 28 millones de la Serie A. Más tarde, participó con 1 millón de dólares de recaudación en fondos de Koinify. Originalmente concebido como un pedal de arranque descentralizado, Koinify desde entonces ha anunciado que tiene previsto girar como resultado de los ingresos no sostenibles. Aunque la empresa parece preferir las inversiones en tecnología distribuida de libro mayor, IDG, no obstante ha respaldado uno de los mayores proveedores de servicios de Bitcoin, con sede en el Círculo Financiero de Boston, después de haber participado con 50 millones de dólares de la Serie C del Círculo en abril. Un representante de IDG Ventures, EE.UU. indicó que la empresa está actualmente buscando oportunidades en fase inicial, mientras que su contraparte con sede en China se centra en ofertas de la última etapa. Khosla Ventures: Descrito por TechCrunch como una “entidad de capital riesgo mega”, con sede en Menlo Park Khosla Ventures, recientemente recaudó $ 400m para financiar su siguiente lote de inversiones semilla, algunas de las cuales pueden llegar a ser dedicadas a Bitcoin o empresas blockchain. Khosla ha tenido una posición reservada con respecto al Bitcoin , la blockchain y a si su tesis de inversión favorece una o la otra. Sin embargo, eso no ha impedido su participación en algunos de las la financiaciónes mas renombradas del espacio. La Cartera bitcoin de Khosla incluye la industria de recaudación de fondos líder 21 Inc, que ha acumulado más de $ 120 millones en capital inicial hasta la fecha, así como la mayor obra de tecnología del sector Blockstream. En otros lugares, Khosla ha respaldado rondas de financiación más pequeñas para el proveedor de tecnología blockchain, Cadena y servicios financieros BlockScore. VC Boost: San Mateo Boost VC puede estar alejado de un enfoque específico en bitcoin (recientemente anunciando que su clase más nueva sería igualmente dedicada a la realidad virtual), pero desde su creación en 2013, ha sido uno de los inversores más prolíficos en el espacio. Boost VC ha declarado que pretende respaldar 100 empresas bitcoin en 2017, y ya cuenta con una cartera que incluye nuevas empresas con potencial de crecimiento, incluyendo Align Commerce, BlockCypher, BTCPoint, BitPagos and Reveal. Dado que la mayoría de sus inversiones son en las primeras etapas, es difícil evaluar plenamente el énfasis de Boost en el volumen de su enfoque en el ecosistema. AME Cloud Ventures: El fondo de start-ups fundado por el fundador de Yahoo, Jerry Yang, AME Cloud Ventures, ha surgido como otro inversor prudente y poco frecuente en la industria bitcoin. La compañía con sede en Palo Alto cuenta con tres de las startups mejor financiadas en su cartera hasta la fecha — BitPay, Blockstream, Ripple Labs, así como Blockcypher y el solucionador de identidad para blockchain Shocard. Lightspeed Venture Partners Aunque Lightspeed ha ralentizado sin duda el ritmo de sus inversiones en la tecnología, la sociedad de capital riesgo fue uno de sus primeros y más vocales partidarias, con el socio Jeremy Liew expresando públicamente su entusiasmo por la tecnología ya en 2013 y que aparece como testigo en las audiencias de Bitlicense en 2014. En general, Lightspeed ha realizado una inversión interesante en un arsenal de bitcoin y empresas blockchain ya sea directamente o a través de sus filiales. Sin embargo, Lightspeed se trasladó más decididamente en octubre 2014 con copias de una ronda de financiación de $ 30.5m para un proveedor de wallets de bitcoin en Blockchain. La financiación, la más grande en el espacio, podría decirse que establece el escenario para rondas aún más grandes en la parte superior de 2015. Ribbit capital Sin embargo, otra firma de riesgo que ha liderado el pensamiento en la inversión para el ecosistema de la tecnología es Ribbit capital. Lanzada en 2013, la firma VC fue una de las primeras en interesarse en el espacio, con el fundador de Micky Malka uniendose a la Fundación Bitcoin. Aunque entusiasta, Ribbit ha sido igualmente paciente con las copias de algunos de los mayores rondas de financiación del ecosistema, incluidos los de Blockstream, BTCJam, Coinbase, Ripple laboratorios y XAPO. Union Square Ventures, Impulsado por el socio Fred Wilson, Union Square Ventures (USV) ha sido uno de los más comprometidos en el diálogo público sobre la tecnología. Liberal con sus alabanzas, sin embargo, USV ha sido conservador con sus fondos. Hasta la fecha, USV ha realizado inversiones en sólo tres empresas Bitcoin y blockchain —La firma de servicios Bitcoin, Coinbase, la red de comercio descentralizado OpenBazaar y la de código abierto del protocolo de identidad OneName. Las inversiones, aparentemente dispares, sin embargo, sugieren una de las tesis más bien definidas entre las principales empresas de capital de riesgo. USV cree en explorar si el explosivo crecimiento permitido por el protocolo bitcoin se podría aplicar a las verticales más allá de las finanzas en lugar de las inversiones en el ecosistema de apoyo de bitcoin. RRE Ventures, Otra firma no tan pública con respecto a los elogios a la tecnología, RRE ha añadido una impresionante lista de compañías Bitcoin a su cartera. Comenzando con el intercambio bitcoin ITbit en 2013, RRE ha invertido ya en la empresa minera bitcoin 21 Inc; y al procesador de pagos BitPay; Especialistas en API Gem; proveedores de la cartera de hardware del caso; Mirror y Ripple Labs. Tal vez su inversión más notable, sin embargo, es en la firma de tecnología blockchain Chain, la cual es liderada por el CEO y socio de RRE Adam Ludwin. Las inversiones de RRE son dignas de mención dada su variedad, aunque la mayoría de estas nuevas empresas se centran en los aspectos fundamentales del ecosistema bitcoin, ya se trate de pagos de máquina a máquina o contratos inteligentes basados en la blockchain. Sin embargo, estas inversiones podrían llegar a formar sólo una fracción de lo que se viene para la empresa, ya que ha recaudado $ 1.5bn en más de siete fondos desde su fundación en 1994. Digital Currency Group (Antes Bitcoin Opportunity Corp) BitFlyer, BitPay, BitPesa, BitGo, BitNet, BitPremier, BitX — estos son sólo algunos de los startups Bitcoin que usan un prefijo «bit» y respaldados por Barry Silbert Bitcoin Oportunity Corp. Recientemente rebautizado como Digital Coin Group (DCG), el fondo de Silbert ha sido uno de los inversores más activos, tanto personalmente como a través de DCG, con nombres importantes, como Coinbase, Circle y Ripple labs de redondeo a cabo su cartera de 35 empresas. Andreessen Horowitz Quizás indiscutiblemente el de más alto perfil que participa en el ecosistema bitcoin ha sido Andreessen Horowitz, la firma de capital privado lanzada por el fundador de Netscape Marc Andreessen y gerente de producto de Netscape Ben Horowitz. Tras su participación en abril de 2013 en la ronda de inversión de Ripple Lab, Andreessen Horowitz se movio agresivamente para ayudar a desarrollar y cultivar los dos startups mejor financiados de la industria, Coinbase y 21 Inc, que representan $ 227 millones en inversión total o más de $ 1 en $ 4 hasta ahora invertido en la industria. Andreessen Horowitz también ha visto al socio general Balaji Srinivasan asumir un papel activo en el desarrollo de 21 cuando asumió un puesto de consejero delegado de la compañía en mayo. La compañía también ha participado en las rondas de inversión más pequeños para TradeBlock y OpenBazaar. Uno de los mayores bancos de Francia está buscando contratar a un desarrollador con enfoque en bitcoin. Société Générale (SocGen) publicó un listado de trabajo el 2 de julio para una “TI desarrollador en Bitcoin, blockchains y cryptocurrencies”. SocGen es el tercer banco francés en términos de activos, reportando $ 1,3bn en activos en 2014. El contrato de 12 meses, de acuerdo con el post, seria de investigación y desarrollo en cryptocurrencies y blockchain. Aunque no hay detalles, el mensaje indica que el banco está tratando de desarrollar software en la empresa, citando “la programación de prototipos”. SocGen no respondió de inmediato a una solicitud de comentarios. Las responsabilidades que se enumeran a la posición incluyen: “Como VIE, tendrá las siguientes funciones y responsabilidades: Programación en C # / C ++ / Python / Otros contra bitcoin, altcoin, diferentes APIs altchain blockchain, el desarrollo de una prueba de concepto en cualquier idioma / protocolos utilizados en los protocolos criptomoneda y blockchains 1,0–3,0; corriendo estadísticas contra blockchains y formas de ingeniería para recopilar información cuantitativa sobre lo que realmente sucede en el mundo de las criptomonedas “. La posición también requiere la organización de informes internos, presentaciones del personal y programas de capacitación. El VIE tendrá la tarea de “comprometerse con la comunidad FinTech y la recopilación de información sobre el sector de la cripto-moneda en Londres y en otros lugares.” Bitcoin es la zona de mayor crecimiento en la inversión de Start-ups desde mediados de 2012, afirmo un capitalista de riesgo de Redpoint. En su reciente análisis de datos Mattermark, Tomasz Tunguz señaló que la inversión en empresas Bitcoin — seguido de cerca por las Sharing-Photos y las startups de almacenamiento físico — ha crecido un 151% en los últimos tres años. Sin embargo, Tunguz señalo que las startups Bitcoin representan una “fracción minúscula” del total invertido de los fondos —al recibir apenas el 0,18% de la financiación total de el último año. La inversión de capital de riesgo en el sector bancario sólo ha crecido un 65% desde mediados de 2012, pero el sector ha recibido una cuota de 1,85% del número total de dólares invertidos en los últimos doce meses. Redpoint, que ha financiado 434 empresas hasta la fecha cuenta con empresas en todas las áreas de desarrollo(temprano, medio y tardío) Las afirmaciones de Tunguz siguen la publicación del Estado de CoinDesk del Informe Bitcoin (SOB) para el Q2 de 2015, que encontró que la inversión total de capital riesgo en el espacio de la moneda digital fue en aumento, señalando un aumento del 21% a US $ 832m. Un portavoz del ING Group ha aclarado que sus clientes son capaces de comprar a bitcoin a traves de cuentas bancarias de la empresa, a pesar de las declaraciones contradictorias de uno de sus representantes en los medios sociales. Los estados siguen un período de especulación sobre las políticas de la banca y los servicios financieros de la empresa multinacional holandesa ING siguiendo la afirmación de que estaba bloqueando las compras de bitcoin a las cuentas de los usuarios. Un portavoz de la compañía indicó ayer que no era posible para los usuarios de ING intentar adquirir bitcoin usando sus cuentas debido al “mayor riesgo de fraude” asociado a las transacciones. Esa declaración se retractó mas tarde en declaraciones a Coindesk: “Nuestra política bitcoin, es muy simple, los clientes de ING pueden comprar bitcoins con su cuenta bancaria ING.” Representantes de la compañía en Twitter también han puesto en claro el asunto. No obstante, los comentarios son algunas de las primeras declaraciones de ING en cuanto a su política del bitcoin, a pesar de que se había dirigido previamente el tema en sus materiales corporativos. ING cuenta con 32 millones de clientes privados e institucionales, ganando € 1,3 mil millones en la banca minorista y € 739 millones de sus actividades de banca comercial en el 1er trimestre de 2015. Compra Bitcoin en Pesos en nuestra sucursal. Ya puedes comprar Bitcoin al mejor precio de mercado utilizando las nuevas sucursales de Bitex.la en Buenos Aires y Santiago de Chile . Acércate con tu código personal BITEX y tu DNI, Cédula o Pasaporte y en menos de una hora tienes el saldo acreditado en tu cuenta para comprar bitcoin. Encontra nuestras sucursales! Nos pueden encontrar en: https://bitex.la http://facebook.com/bitex.la http://twitter.com/bitexla https://plus.google.com/+bitexla https://instagram.com/bitex.la https://bitexla.tumblr.com Visita Bitex.la ¿Qué es Bitex.la? Bitex.la es un mercado de compra y venta de Bitcoin lider en Latino America. La plataforma permite operar bitcoin de manera profesional contra dolares americanos. Cuenta con una robusta red financiera que permite a los usuarios operar casi desde cualquier país del mundo sin restricciones. ¿Queres aprender sobre bitcoin? Estamos lanzando un nuevo espacio educativo sobre el bitcoin de una manera simple y amistosa. 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“Bitcoin and the other digital currencies, they all really see a lot of benefit in times of political and economic instability. Fundamentally when a citizen doesn’t have faith in their currency of their country, then they are looking for alternatives, and a digital alternative like bitcoin becomes much more compelling in those circumstances.” For example, Lightspeed Ventures made its first token investment ever with the Basis round. “I think the size of the opportunity is unique and the team is a very good fit for the problem ... Lightspeed Venture Partners is set to become the latest addition to Silicon Valley’s growing interest in blockchain endeavors. The top-tier VC firm is Lightspeed Venture Partners is set to become the latest addition to Silicon Valley’s growing interest in blockchain endeavors. The top-tier VC firm is now explicitly investigating how to create a new cryptocurrency investment project. Lightspeed has a specific focus on investments centered on enterprise technology, consumer, and cleantech markets. Bitcoin Price Rally is Just Getting Started, Says LightSpeed Venture’s Partner Posted November 24, 2017 November 24, 2017 admin-bcadstrain1 Bitcoin still holds the distinction of being one of the best-performing assets of 2017, despite its recent drop in price, which has since then recovered.
Lightspeed Ventures' Liew on Snap and Celebrity-Backed Startups - Duration: 5:35. Bloomberg Technology 1,387 views. 5:35 . LIVE: Watch stocks trade in real time as historic sell-off in oil ... This video will show you how to create your very own Bitcoin wallet. Get all the information you need on the different kinds of wallets as well as how to set them up. Finally, we’ll also be ... David Chen, Associate Partner at Lightspeed Venture Partners, stopped by Plug and Play on Wednesday, April 9th, 2014 to help the startups involved in Plug and Play Bitcoin, a startup accelerator ... Learn more at www.coinsumm.it VC panel - investment opportunities in the Bitcoin space Micky Malka, Ribbit Capital, Jeremy Liew, Lightspeed Venture Partners, Hemant Taneja, General Catalyst ... In diesem Video zeige ich euch wie ihr in 10 Minuten (!!!) euer eigenes Bitcoin Wallet einrichten und euren ersten Bitcoin kaufen könnt um auch endlich in di...