Tag Archives: CoinDesk

Crypto venture firm Blockchain Capital is raising $150 million for two funds

Crypto venture firm Blockchain Capital is raising $150 million for two funds

According to SEC filings this week, the firm has raised about $85 million combined for the two funds. One of the funds — Blockchain Capital Parallel Fund IV — only accepts contributions in cryptocurrencies, according to a source familiar with the firm. Blockchain Capital has invested in 42 companies in the past three years, according […]

Russia’s Largest Bank Joins Enterprise Ethereum Alliance

Russia’s Largest Bank Joins Enterprise Ethereum Alliance

The Enterprise Ethereum Alliance just welcomed its first Russian member. After signing up more than 100 businesses to build enterprise distributed ledger technology compatible with the ethereum blockchain, the group has added Sberbank, the nation’s largest bank, to its growing list. Revealed in interview with CoinDesk, Sberbank framed its addition to the alliance as a new […]

Former Bitmain Chip Designer Seeks to Revoke Mining Giant’s Patent

Former Bitmain Chip Designer Seeks to Revoke Mining Giant’s Patent

Bitcoin’s most controversial mining firm, Bitmain, is under threat of having a key chip patent revoked. Forcing a review of the patent is an ex-employee of the China-based mining giant: former director of design Yang Zuoxing, who has now founded a rival mining firm called Bitewei. According to documents reviewed and confirmed by CoinDesk, the […]

Bitcoin Meets Netflix? Laolu Is Building a Lightning-Powered App for That

Bitcoin Meets Netflix? Laolu Is Building a Lightning-Powered App for That

A principal developer of the Lightning Network, Olaoluwa “Laolu” Osunokun is understandably interested in tools that could be made possible by bitcoin. But while most developers have been focused on ironing out bitcoin’s much-discussed protocol-level problems, Osunokun is taking a notable step in that he is actually considering launching a production application on top of […]

New Banks Join UBS-Backed Blockchain Trade Finance Platform

New Banks Join UBS-Backed Blockchain Trade Finance Platform

Four major banks have joined a trade finance initiative launched late last year by Switzerland-based UBS and tech giant IBM. Bank of Montreal (BMO), CaixaBank, Commerzbank and Erste Group are now taking part in the project, which is being built on top of the open-source Hyperledger Fabric framework. The platform, dubbed Batavia, was first unveiled in […]

Two More Bitcoin Futures ETFs Are Up for SEC Approval

Two More Bitcoin Futures ETFs Are Up for SEC Approval

A Maryland-based exchange-traded fund (ETF) firm has filed to launch two new bitcoin futures-based products. According to a Form S-1 dated September 27, ProShares Capital Management wants to create two bitcoin-tied funds: the ProShares Bitcoin ETF and the ProShares Short Bitcoin ETF. Like other proposed ETFs that have emerged in recent months, ProShares isn’t planning […]

Accenture Awarded Patent for ‘Editable Blockchain’ Tech

Accenture Awarded Patent for ‘Editable Blockchain’ Tech

Accenture has been awarded a patent tied to its work on an “editable blockchain.” First unveiled last year, the professional services firm sought to create a permissioned blockchain that would allow parties to alter data in the event of errors or fraud. It was a move that stoked criticism from some observers, including some who questioned why a […]

Regulated ICOs Arrive: Overstock to Open Exchange for Legal Token Trading

Regulated ICOs Arrive: Overstock to Open Exchange for Legal Token Trading

Get ready for regulated token trading. Announced today, tØ, the capital markets arm of Overstock‘s blockchain-focused subsidiary Medici, is launching a first-of-its-kind alternative trading system (ATS) that will provide a platform for the exchange of cryptographic tokens categorized in the U.S. as securities. A joint venture with RenGen (a fintech firm that will serve as […]

Gold Dealer Sharps Pixley Begins Accepting Bitcoin

Gold Dealer Sharps Pixley Begins Accepting Bitcoin

A well-known gold dealer based in London is now accepting bitcoin payments for its precious metal products. The company, Sharps Pixley, announced on September 26 that it would begin accepting the cryptocurrency through a partnership with payments processor startup BitPay. In statements, representatives from the firm framed the move as a way to offer wealthier […]

Vivid History: ‘How Money Got Free’ Is the Untold Story of Bitcoin

Vivid History: ‘How Money Got Free’ Is the Untold Story of Bitcoin

I have long suspected, owing to its sheer brilliance and idiosyncratic beauty, that bitcoin was in fact brought here by aliens from another planet. Brian Patrick Eha’s vivid history of bitcoin, “How Money Got Free: Bitcoin and the Fight for the Future of Finance,” which captures in thrilling journalistic fashion what I experienced in my […]