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Crypto VC Firm Seeking $60M Amid Bitcoin Rout: Good Sign?

It goes without saying that 2018’s bear season savaged the broader crypto industry. Investors lost faith, Wall Street seemingly pulled out, and entire startups collapsed as financial pressure mounted, catalyzed by a collapse of the Bitcoin price. Yet, ambitious venture groups continue to seek financiers en-masse, as arguably, bear markets

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Chip Making Giant TSMC Reports Significant Drop in Crypto Mining Revenue

Chip manufacturing giant Taiwan Semiconductor Manufacturing (TSMC) reported a sizeable drop in its crypto mining-related revenue in 2018. The news was revealed in the company’s Q4 2018 financial results, published Jan. 17, together with an earnings call transcript.TSMC has not disclosed specific data for its crypto mining business — including

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Law Enforcement Requests to Shapeshift Rose 175% in Second Half of 2018

Law enforcement requests sent to Switzerland-based cryptocurrency exchange ShapeShift rose 175 percent in the second half of 2018, according to a new Compliance Transparency report published by the exchange Jan. 18.In a blog post accompanying the report, Shapeshift outlines that it typically receives requests from law enforcement agencies for data

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ConsenSys Announces Two New Investments in a Bid to Win Over More Traditional VCs

Photo: ConsenSys / FacebookDespite the recent cost-cutting ventures at ConsenSys, the company is increasing its investment activities by reaching out to independent start-ups. The Brooklyn-based ethereum venture studio announced two new investments on January 17, 2019. They put an undisclosed amount in the encryption-centric browser Tenta and $1 million

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Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17.Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its single-currency products to trusts.The

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Coinbase Fulfills Yet Another Acquisition Buying Out Andreessen Horowitz–Backed Blockspring

Photo: PixabayThe major US digital asset exchange Coinbase has further expanded its scale of activity and influence. The company has acquired Andreessen Horowitz-backed Blockspring, a San Francisco-based firm that produces tools for automatical gathering and processing information from application programming interfaces (APIs)..@Blockspring Team is Joining @coinbase! We're super excited.Announcement here: https://t.co/d9uh3roVBt pic.twitter.com/FTDIpc0B07—

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