Grayscale Investments LLC, an investment company which specializes in cryptocurrency funds, released its first ever cryptocurrency investment report, which showed that of the $250 million that it raised via new asset investments in 2018, 56% came from institutional investors.
P2P Bitcoin exchange Paxful announced to the media that it looking to open an office in Venezuela. The company said that it would be launching their office in the hyperinflation ridden country in September, after which it will release its app in October.
According to the latest news reports, IBM is partnering with fintech startup Stronghold on a stablecoin that is pegged to the US dollar. The new asset is also named Stronghold USD and uses a 1:1 price ratio to the dollar. This is only one of two stablecoins to use the Stellar Blockchain network. Stronghold USD is federally insured by Prime Trust bank.
Bitcoin developer Pieter Wuille created even more excitement in the community about the Schnorr signature after he released a draft last week that outlined the upgrade’s technical make-up. This idea has been in the works for years now, and with this release, the upgrade is that much closer to completion, which the community hopes will improve the privacy and scaling of the world’s number one cryptocurrency.
In the latest crypto news, the United States Department of Justice has decided to release an indictment charging at least 12 Russians for committing federal crimes. Their exploits were reportedly funded by cryptocurrencies, with the goal of “interfering” the 2016 U.S. presidential elections.
According to the latest news reports, billionaire Steven Cohen, once called the Hedge Fund King, is entering the cryptocurrency space. The hedge fund billionaire has invested in Autonomous Partners, a hedge fund focused on cryptocurrencies. This investment has been made through his venture capital firm, Cohen Private Ventures.
According to the report Blockchain in Telecom Market by Provider, Application, Organization Size and Region – Global Forecast to 2023, published by ResearchandMarkets.com, Blockchain technology in the telecom market is forecast to grow from $46.6 million this year to more than $990 million by 2023.