Copper
February 25, 2019
Highlighting what went right, and what went wrong, in this week’s crypto news analysis.
To compliment (or maybe even cause) the positive price movements last week, a few indicators pointed towards institutions slowly getting more comfortable and involved with digital assets. It started the week before with the announcement that a large pension fund was dipping its toe in crypto waters with an initial $21mn foray. This week the trend continues with Michigan State University’s board considering upping its stake in Andreessen Horowitz’s a16z fund.
This week you can also add Pantera’s biggest round by far, and European banking facilities. While some will (rightly) argue it’s too soon to declare the institutions have arrived, they’re certainly knocking on the door.
Below we have our weekly roundup of industry and coin specific news. If you’d like to get in touch with us about any of our products or services, we look forward to hearing from you. Just send us a note.
Latest Industry News
Pantera secures $130mn for third fund
In 2013 they raised $13mn for their first fund. In 2015 this increased to $25mn for their second fund
But the shadow of Pantera’s third fund conceals the warning that many ICO’s they invested in earlier could be deemed securities, causing problems for investors
Coinbase comments on QuadrigaCX’s downfall
In a series of unexpected tweets, Brian Armstrong reveals why he doesn’t think the exchange’s collapse was an exit scam
Instead suggesting that evidence points to generic banking issues and mismanagement in the months prior to founder’s death
Bank Frick adds institutional trading platform
Popular for its crypto friendly attitude, Liechtenstein’s Bank Frick has launched its own platform, DLT Markets
The bank has been involved in digital assets for over a year, offering cold storage and direct investment in the top five cryptocurrencies
Latest Coin News
BTC
BTC core dev defends assertion that
d
ETH
Constantinople
still scheduled to go ahead this week
Excessive
could be an attempt to conceal money laundering
XRP
Third largest exchange (OKex) adds
and Bitcoin Cash
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