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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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Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

Massachusetts Institute of Technology. Photo: Oliver Dunkley / FlickrUntil now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of

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Crypto Prediction: Bitcoin (BTC) If $4,000 Isn’t Inbound, Test Of $3,000 Possible

Crypto Remains In Lull, But Analysts Still Predicting 2019 is finally upon the cryptosphere, which was beaten and bruised to hell and back during 2018. And with this new year, it seems that the powers that be — the whales, Wall Street institutions, industry insiders, and purported manipulators — have collectively decided that

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Founder of Ethereum and ConsenSys Joe Lubin Joins Board of Directors of Crypto Startup ErisX

Founder of blockchain tech company ConsenSys Joseph Lubin has been appointed to the board of directors of cryptocurrency startup ErisX. The news was revealed in an official press release published Jan. 17.Cryptocurrency exchange ErisX is a reboot of a futures market Eris Exchange, originally established in 2010. In December 2018,

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Crypto Exchange Coinbase Acquires San Francisco-Based Tech Startup Blockspring

Major cryptocurrency exchange and wallet provider Coinbase has acquired Andreessen Horowitz-backed tech startup Blockspring. The purchase was revealed in a blog post published Jan. 14.San Francisco-based Blockspring produces tools that enable developers to automatically gather and process information from application programming interfaces (APIs).In 2015, the company raised $3.4 million in

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South African Gov’t Reveals It Has No Plans to Ban Crypto in Recent Consultation Paper

The South African Reserve Bank (SARB) has issued a consultation paper assessing the benefits and risks of cryptocurrencies. The paper, developed jointly with a number of the country’s government agencies, was announced in an official statement published Jan. 16.In the document, titled “Consultation Paper on Policy Proposals for Crypto Assets,”

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Investors Are ‘Thoughtfully Dipping their Toes into Crypto,’ Not Taking the Plunge

Sterling Witzke, partner at the Winklevoss twins’ family office Winklevoss Capital, says she doesn’t think 2019 will be the watershed year for institutional investors to get into crypto. Witzke backed her claim by arguing that expectations are running ahead of facts on the ground.Witzke made her remarks during an interview

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ConsenSys’ Lubin Joins Wall Street Crypto Exchange ErisX: Ethereum Futures Inbound?

Crypto Veteran Lubin Joins ErisX Board On Thursday, amid a crypto market lull, ErisX, an up-and-coming Bitcoin services provider backed by Wall Street powerhouse TD Ameritrade, made a surprising, forward-thinking announcement. Per a company release, issued via BusinessWire, the American upstart announced the addition of two board members. Alongside Accel Partners ‘executive

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