Morgan Creek Digital Announces $40 Million Crypto Venture Fund Backed by Pensions

Morgan Creek Digital Announces $40 Million Crypto Venture Fund Backed by Pensions

On Tuesday February 12, US-based digital asset firm Morgan Creek Digital announced that they have raised $40 million for a venture capital fund to invest in blockchain startups. The Fairfax County Police Pension and Fairfax County Employee’s Plan are the two biggest investors in the fund, and other investors include a university endowment, a private foundation, and an insurance company. A partner at Morgan Creek Capital, Anthony Pompliano, also invested but has declined to give…

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SEC’s “Crypto Mom” Peirce: Tokens Fall Outside the Definition of Securities

SEC’s “Crypto Mom” Peirce: Tokens Fall Outside the Definition of Securities

The CryptoMom is back. The famed SEC commissioner gave a speech at the University of Missouri School of Law on February 8, and shared her thoughts on the blockchain and cryptocurrency space. “We, along with other regulators, are asking how existing rules apply in this space and whether a new regulatory framework would work better. If we act appropriately, we can enable innovation on this new frontier to proceed without compromising the objectives of our…

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Featured: Blockchain for Food May be the Solution for Food Safety

Featured: Blockchain for Food May be the Solution for Food Safety

One proposed use for blockchain technology is the tracking of food for food safety. You would think that in 2019, it’s already relatively easy to track our food from the plate, back to the farmer; however, you’d be wrong. Nothing highlights this more than the 2018 Romaine Lettuce E.coli outbreak. In November 2018, the Centers for Disease Control and Prevention in the US issued a statement, warning the public not to eat romaine lettuce. This blanket warning…

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SEC Commissioner Jackson Optimistic About Proposed Bitcoin ETF

SEC Commissioner Jackson Optimistic About Proposed Bitcoin ETF

A long interview between SEC Commissioner Robert J Jackson Jr and Congressional Quarterly (QC) is set to be published on February 11; however, the draft copies of the interview have already been circulated on social media. The leaked paper proposes that ‘Bitcoin ETF will eventually be approved”. Cryptocurrency investors have long sought a US-based fully regulated Bitcoin exchange-traded fund (ETF); however, the Securities and Exchange Commission (SEC) has repeatedly delayed the decision due to concerns over the crypto…

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UK Regulator: In 2018 Victims Lost an Average of £29,000 to Investment Scams, Crypto in the Lead

UK Regulator: In 2018 Victims Lost an Average of £29,000 to Investment Scams, Crypto in the Lead

The U.K. Financial Conduct Authority (FCA) has issued a warning to investors, encouraging them to be vigilant against the threat of investment scams, which most commonly are involved with cryptocurrencies. This warning comes as a result of Action Fraud, the UK’s national fraud reporting service, revealing over £197 million reported losses in 2018. On average, victims lost over £29,000 to investment scams. Investment scams are evolving as scammers become more sophisticated and adept at targeting their victims….

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QuadrigaCX is Granted Protection Amid Confusion and Suspicion over CEO Sudden Death

QuadrigaCX is Granted Protection Amid Confusion and Suspicion over CEO Sudden Death

Canadian crypto exchange QuadrigaCX has been granted an order for creditor protection in Nova Scotia Supreme court, following the recent death of the company’s co-founder and CEO. QuadrigaCX is a major cryptocurrency exchange and was Canada’s largest cryptocurrency exchange until 2019. QuadrigaCX’s CEO Gerald Cotton reportedly died suddenly from complications relating to Crohn’s disease in December 2018, at the age of 30. Cotton reportedly died on December 9 in India while opening an orphanage. Cotton’s sudden death was both…

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Iran Launches ‘PayMon’ – A Gold-Backed Cryptocurrency

Iran Launches ‘PayMon’ – A Gold-Backed Cryptocurrency

After staunch rumors, Iran has launched a gold-backed cryptocurrency called ‘PayMon’ in cooperation with four local banks and Ghoghnoos Company. The banks partnered are Bank Pasargad, Persian Bank, Bank Melli Iran, and Bank Mellat. It has been reported that PayMon (Persian for covenant) will be used to issue tokens tied to gold. PayMon will also be used to tokenize the bank’s excess properties and assets. Viliollah Fatemi, Ghoghnoos director said: “The token can function like…

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Facebook Acquires the Blockchain Startup Chainspace for its University College London Team

Facebook Acquires the Blockchain Startup Chainspace for its University College London Team

Social media giant Facebook has conducted its first blockchain acquisition. In May 2018 Facebook announced that they were launching a dedicated team to explore blockchain technology. The initiative was headed by David Marcus, the vice president of the Facebook Messenger app and former president of PayPal. Now it looks like Facebook is expanding its blockchain efforts by hiring the team behind Chainspace. Chainspace is a small blockchain software development company whose vision is to make…

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Wikipedia Partners with BitPay to Allow Bitcoin, Bitcoin Cash Donations

Wikipedia Partners with BitPay to Allow Bitcoin, Bitcoin Cash Donations

The Wikimedia Foundation Inc, the US-based nonprofit firm that operates the online encyclopedia Wikipedia, has partnered with BitPay, the largest global blockchain payments provider. This move will allow Wikipedia to accept Bitcoin as well as Bitcoin Cash donations. From November to December every year, Wikipedia asks its users for donations. It usually suggests a donation to anyone who visits the site, for example $3, in order to keep the site running and free of ads….

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More Bitcoin ATMs Deployed in Chicago by Crypto ATM Operator Lux Vending

More Bitcoin ATMs Deployed in Chicago by Crypto ATM Operator Lux Vending

The amount of cryptocurrency ATMs has been increasing across the US since 2013. From 2013, when the cryptocurrency ATM first appeared, the numbers have increased from 1 to nearly 2,400 machines in the US today and are only expected to grow furthermore. Chicago now has near 100 cryptocurrency ATM machines, making the city a battleground for the terminals. Altana based company Lux Vending is the latest to deploy 30 crypto ATMs across the city. Lux…

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