Crypto Yoda

2019-03-30 22:23:53 Crypto Yoda pinned «​​ We suspend the work of this channel due to the market downfall. Thank you for following us, and Good luck!» Open / Comment

2019-03-30 22:22:47 ​​ We suspend the work of this channel due to the market downfall.

Thank you for following us, and Good luck! Open / Comment

2019-03-29 18:01:01 ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ ​​​​​​​​​​​​​​​​​​​​India to Use Blockchain to Improve Coffee Supply Chain

The Coffee Board of India has launched a pilot blockchain-based e-marketplace in order to integrate coffee farmers with markets. The development was announced by Indian Ministry of Commerce and Industry (MCI) on March 28.

The Coffee Board — an organization backed by the MCI to promote coffee production in India — has rolled out an e-marketplace for coffee producers in order to reduce the number of intermediaries between coffee growers and buyers.

The product will reportedly be delivered in the form of an application and aims to improve transparency and traceability of coffee produced in India “from bean to cup.” To implement the project, the Coffee Board collaborated with M/s Eka Plus, а digital commodity management platforms for аgriculture. Open / Comment

2019-03-29 12:58:22 ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ ​​​​​​​​​​​​​​​​​​​​Digital Asset Trader AlphaPoint Upgrades Security Token Services for Institutions

Digital asset exchange AlphaPoint has upgraded its security token service designed for institutional clients, according to a press release obtained by Cointelegraph Thursday, March 28.

The company that provides services to private equity, real estate, funds, and other institutional investors is now offering to issue asset-backed security tokens for its clients. AlphaPoint believes that tokenization will increase liquidity for high value asset classes.

As per the announcement, the updated service will allow institutions to create and trade tokens securely and privately.

AlphaPoint said that its new security token service is already used by a real-estate private equity firm Muirfield Investment Partners and an asset management firm Laureate Digital Securities Ltd. While the first is going to issue its own tokens to create a private equity investment structure, the second hopes to reduce the amount of time it takes to onboard customers. Open / Comment

2019-03-28 18:00:35 ​​​​​​​​​​​​​​​​​​​​​​​​​​​​ ​​​​​​​​​​​​​​​​​​​​Pantera Capital Nears $175 Million Target for Third Venture Fund

Cryptocurrency hedge fund Pantera Capital is close to completing funding for its third venture fund, already raising $160 million, the company announced in a blog post оn March 27.

Pantera, which debuted its first fund in 2013, has since risen to become a conspicuous player in the crypto startup industry. Its latest project, dubbed Venture Fund III, has a fundraising target of $175 million.

“We project making a total of 35 investments, with an average deal size of $3.5 million, and an 11% target average equity stake,” the blog post revealed.

Activity among entities building out the cryptocurrency-related ecosystem has remained brisk despite the ongoing market downturn.

To date, Pantera says, Venture Fund III has already injected $38 million of capital in 11 portfolio companies, leading five of those rounds itself. Open / Comment

2019-03-28 12:00:45 ​​​​​​​​​​​​​​​​​​​​​​​​​​ ​​​​​​​​​​​​​​​​​​​​Swiss Mortgage Bank Hypi Lenzburg Partners With Crypto Asset Manager TokenSuisse

Swiss mortgage bank Hypothekarbank (“Hypi”) Lenzburg has partnered with Swiss crypto asset manager TokenSuisse to expand the bank’s service offerings for crypto and blockchain firms. The development was announced on the bank’s official Twitter and in a TokenSuisse press release on March 25.

Hypi Lenzburg is headed by CEO Marianne Wildi, reportedly a former programmer, who first launched the bank’s lending services support for crypto and blockchain firms in June of last year — a notable move in a national context where banking support for the emerging industry is a fraught issue.

TokenSuisse AG is a Zug-based crypto asset and blockchain investment advisory firm and an official partner of crypto-fiat payments firm TokenPay. The firm, as financial media news agency FinNews reported, claims to have launched the world’s first global multi-crypto asset certificate, followed by a privacy coin certificate this February. Open / Comment

2019-03-27 18:00:48 ​​​​​​​​​​​​​​​​​​​​​​​​ ​​​​​​​​​​​​​​​​​​​​Louis Vuitton, Christian Dior Owner Develops DLT Project With ConsenSys and Azure

French luxury goods giant Moët Hennessy Louis Vuitton SE (LVMH) is reportedly working with ConsenSys and Microsoft Azure to develop a blockchain platform for tracking its products, crypto media agency CoinDesk reports on March 26.

Dubbed AURA, the blockchain-powered platform is reportedly scheduled to go live in May or June 2019 with two major LVMH subsidiaries: Louis Vuitton and Parfums Christian Dior.

According to the report, the AURA platform is based on JPMorgan’s Quorum blockchain platform, which is running on the Ethereum (ETH) blockchain.

When reached by Cointelegraph, a ConsenSys spokesperson declined to comment on the alleged cooperation within the initiative. Open / Comment

2019-03-27 12:15:50 ​​​​​​​​​​​​​​​​​​​​​​ ​​​​​​​​​​​​​​​​​​​​Gang demanding ransom in bitcoin busted

Police claim to have unearthed a racket in which the suspects deman­ded ransom money in bitcoin for the release of a kidnapped person. Bitcoin is a crypto-currency, a form of electronic ‘cash’.

Surprisingly, the plot was hatched in the office of Lahore’s deputy commissioner (DC).

A police report revealed that DC’s phone operator Mazhar Abbas was part of the seven-member gang. Police arrested him on March 23 at an official ceremony when he was with the DC.

According to the report, police Constables Mohsin Abbas and Mohammad Arif, who were also involved in the crime, were the official guards of a high court judge. Mohammad Tahir of Lahore and Sheikh Abdul Rauf of Faisalabad were money exchange / bitcoin dealers. Open / Comment

2019-03-26 18:00:41 ​​​​​​​​​​​​​​​​​​​​ Fintech Firm trueDigital Expands Over-the-Counter BTC, ETH Reference Rate Distribution

New York-based fintech infrastructure provider trueDigital Holdings (TDH) is partnering with crypto data firm Kaiko and digital assets analytics company Inca Digital Securities to widen the distribution of its over-the-counter (OTC) reference rates for Bitcoin (BTC) and Ethereum (ETH). The development was shared with Cointelegraph in a press release on March 25.

As reported last year, TrueEX created TDH as an affiliate in March 2018, immediately announcing a TDH partnership with prominent blockchain tech firm ConsenSys (created by Ethereum co-founder Joseph Lubin) to create a benchmark rate for the price of Ethereum.

The newly forged strategic partnership deal will see Kaiko and Inca distribute trueDitigal’s reference rates to their clients, including asset managers and institutions. Inca will further reportedly use the OTC reference rates as the basis for new analytics. Open / Comment

2019-03-26 18:00:20 ​​​​​​​​​​​​​​​​ Russian State Duma Defers Consideration of Bill on Digital Financial Assets

The State Duma of the Russian Federation has deferred consideration of the bill “On Digital Financial Assets” to April 2019, local media outlet TASS reported on March 20.

The second reading of the draft federal law “On Digital Financial Assets” has reportedly been rescheduled for April, following a decision made at the morning voting on the agenda of the plenary session. The initiative was taken by the Chairman of the State Duma Committee on Financial Market, Anatoly Aksakov, although he did not explain his motives.

The bill “On Digital Financial Assets” aims to formulate national cryptocurrency legislation, and was adopted by Russia’s parliament in the second reading earlier in March. Vyacheslav Volodin, the Chairman of the State Duma and coauthor of the draft bill, stressed then that the adopted amendments are aimed at fixing the difficulties related to the concept of digital rights. Open / Comment