New $50 Million Blockchain VC Fund Partners With HTC

An executive at electronics giant HTC is leading a new $50 million blockchain-focused venture capital fund, Proof of Capital, that includes a partnership with the firm, TechCrunch reports on April 17. The new blockchain fund is reportedly held in fiat currency and focused on “regular VC deals, as opposed to token-based investments.” The fund will …

Forbes Releases List of Billion Dollar Companies Using Blockchain

Financial news outlet Forbes has released a list of “Blockchain’s Billion Dollar Babies,” or companies implementing blockchain technology that have minimum revenues or valuations of $1 billion, on April 16. The list includes companies in the cryptocurrency and blockchain development spaces, in addition to traditional financial firms like banks and clearing houses, food companies, supply …

Romanian Central Bank Official Says Crypto Will Not Fulfil Basic Roles of Currency

An official from the Romanian central bank has stated that cryptocurrency will not replace currency issued by central banks as it is not necessarily a currency. The news was published by local media outlet Business Review on April 16. Daniel Daianu, a member of the Romanian National Bank (BNR)’s Administration Council, reportedly stressed the necessity …

Arca Funds Files With SEC to Issue Stablecoin-Like Digitized Shares on ETH Blockchain

Arca Funds, an American institutional-grade investment manager, is seeking regulatory approval to issue digitized securities on blockchain, according to a filing document released on April 12. The company has filed with the United States Securities and Exchange Commission (SEC) to issue its Arca UST Coins — digitized shares that will be authenticated and then recorded …

LedgerX Makes Bid to Launch Physically-Settled BTC Futures Product for Retail Investors

United States-regulated crypto derivatives and clearing platform LedgerX is eyeing the launch of a physically-settled bitcoin (BTC) futures contract, crypto news outlet The Block reported on April 15. LedgerX, which is overseen by the U.S. Commodities Future Trading Commission (CFTC), has reportedly applied for a designated contract market license that would allow it to launch …

Largest Travel Management Firm in UK Accepts Bitcoin

Corporate Traveller, the largest travel management firm in the United Kingdom, is now accepting Bitcoin (BTC) for payments, according to a press release on April 15. A newly announced partnership with crypto payments company BitPay will allow Corporate Traveller — which provides business travel management services to SME companies — to accept bitcoins. Andy Hegley, …

Bitcoin Hovers Near $5,100 as Top Cryptos See Mixed Movements

Sunday, April 14 — the top 20 cryptocurrencies are reporting mixed movements on the day by press time, as Bitcoin (BTC) hovers near the $5,100 mark. Market visualization courtesy of Coin360 Bitcoin has seen nearly no change on the day, trading at around $5,098 by press time, according to CoinMarketCap. Looking at its weekly chart, …

Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week NYT Reporter: Facebook Seeking $1 Billion in Venture Capital for Crypto Project According to a tweet by New York Times (NYT) tech reporter Nathaniel Popper, Facebook is reportedly looking to various venture capital firms to develop its digital token that has been previously reported on. Popper, citing unnamed sources familiar with …

Cryptocurrency Price Trends Could Signal End of Bear Market, Says Binance Research

Bitcoin (BTC) prices and altcoin prices could have already hit their lowest point, new analysis from cryptocurrency exchange Binance concluded on April 11. In the latest edition of its research bulletins, the exchange’s dedicated analytics arm, Binance Research, investigated various current phenomena and trends within cryptocurrency markets. Among them was correlation between Bitcoin and altcoin …

Young Africa Looks to Crypto for Payment

Data from Google Trends shows that Lagos, Nigeria ranks as the number one city based on the volume of online searches for Bitcoin (BTC). While this data may indicate a high level of interest among the city’s approximately 21 million people, it has yet to equate to tangible adoption of the emerging trend of technology. …