Nathan DiCamillo

Cryptocurrency firm Pantera Capital has raised $134 million for its bitcoin fund, according to a form D filing with the U.S. Securities and Exchange Commission. Formed in 2013, the Pantera Bitcoin Fund Ltd. was the first U.S.-based bitcoin fund. In an investor letter at the end of 2017, Pantera boasted a 25,004% return on the fund, mainly due to the bitcoin bull run of that year. […]

In a wide-ranging speech, Xi said that the G20 group “needs to discuss developing standards and principles for central bank digital currencies.” Source link

Cryptocurrency assets would be treated like financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act, under a draft declaration by a financial regulator. “The Declaration would have the effect that any person furnishing advice or rendering intermediary services in relation to crypto assets must be authorised under the FAIS Act as a financial services provider, and must comply with the requirements of the […]

Coinbase has seen a $14 billion increase in institutional assets under custody since April, its head of institutional coverage at Coinbase said in a YouTube interview published on Friday. Brett Tejpaul told interviewer Eliisabetta Bartolini, partner at Heidrick & Struggles, that institutional assets under custody were $6 billion when he joined the firm in April and have grown to $20 billion today. Tejpaul came to Coinbase […]

Call it the CPR for Operation Choke Point. The U.S. Office of the Comptroller of the Currency, a national bank regulator led by former Coinbase counsel Brian Books, has proposed a rule that would forbid banks to blacklist legal industries — including, presumably, cryptocurrency firms.  Under the proposed rule, banks could deny financial services to customers only on the basis of “quantitative, risk-based standards established in […]

Cred’s bankruptcy has left hundreds of depositors who loaned the company more than $100 million worth of crypto wondering if and when they’ll get their money back.  The company’s bankruptcy filing primarily blames its woes on alleged fraud by an outside investment manager whom Cred entrusted with 800 BTC, worth a bit more than $10 million today. Seven former employees, however, say the company also suffered […]

Stablecoin issuer TrustToken is bringing its proof of reserves system for TrueUSD (TUSD) collateralization levels on-chain. Adding Chainlink to an existing partnership with accounting firm Armanino makes it possible. The transparency measure is meant to provide additional certainty for decentralized finance (DeFi) traders who often rely on asset-backed stablecoins – even without a clear understanding of whether the assets are fully backed. Pulling from Armanino’s TrustExplorer […]

In a research report by JPMorgan’s global markets team, analysts noted that Grayscale Bitcoin Trust’s flow trajectory outperformed gold exchange traded funds. Source link

Crypto lender Cred Inc. has filed for Chapter 11 bankruptcy in Delaware on Saturday. Source link

Mutual fund legend Bill Miller told CNBC Friday that the risks of bitcoin going to zero are “lower than they’ve ever been before” and predicted more institutional investment in the cryptocurrency. “The bitcoin story is very easy, it’s supply and demand,” Miller said. “Bitcoin’s supply is growing around 2.5% a year and the demand is growing faster than that.” On Friday, Miller warned of inflation “coming […]

PayPal’s cryptocurrency service is going to expand rapidly in 2021, executives said on the payments giant’s third-quarter earnings call Monday evening. That includes crypto services coming to Venmo and international customers in the first half of 2021, PayPal CEO Dan Schulman said.  Currently, only 10% of customers in the U.S. have access to the new crypto service with the rest of the U.S. gaining access to […]

Bequant is adding New York-based Solidus Labs’ surveillance tools to its digital asset services business. Solidus Labs serves several crypto exchanges, including New York-based BlockQuake and Hong Kong-based AAX. Bequant will be one of its first prime broker clients. The London-based Bequant has been rapidly adding features to its service as other firms enter the market to capture new institutional investors buying digital assets.  Bequant is […]

Crypto lender Celsius is producing a series of experiments over the next few months that would test what it would look like for the company to decentralize some of its operations.  The centralized finance (CeFi) stalwart is working with Horizen, a platform that develops and maintains the privacy token ZEN, to take a look at creating a proof-of-reserves system using Horizen’s zero-knowledge proofs. “The biggest challenge […]

Blockchain pioneer Caitlin Long is now the CEO of her own special purpose depository institution (SPDI) in Wyoming.  Avanti Financial’s banking charter was approved unanimously by the Wyoming State Banking Board on Wednesday, becoming the second newly chartered bank in the state in 2020 after Kraken Financial earned approval last month. Avanti, like Kraken, now has to jump through a few hoops – like raising more […]

It took two years of infrastructure building but on Sept. 16 the Wyoming Division of Banking finally landed a prominent pioneer. That’s when Kraken Financial became the first entity to receive a special purpose depository institution (SPDI) charter in the Cowboy State, giving the cryptocurrency industry insight into roughly how long it takes to become a bank. It’s also the first newly chartered (de novo) bank […]

Multinational payments firm Sia is partnering with cryptocurrency custodian Hex Trust to help its European banking clients hold digital assets. “When you have one bitcoin, it’s not a big problem, but when you start adding 10, 20 or 100, you have a treasury and you have to decide where to store this,” said Daniele Savarè, SIA’s innovation and business solutions director. “We are discussing digital custody […]