Crypto Bear Market Affecting Venture Capital Valuations

Venture capital (VC) valuations have been deeply affected by the cryptocurrency bear market, says Jalak Jobanputra, founding partner of Future Perfect Ventures, in an interview with Forbes’ Balancing the Ledger on Feb. 11. Founded in 2014 in New York, Future Perfect Ventures is a venture capital firm, focusing on early stage investments primarily in technology companies, including blockchain, machine learning, and data analytics. When asked whether there is a trend of discounted venture evaluations across the digital currency space, Jobanputra said that “given how much the volumes have decreased in…

Bitfury’s New Partnership to Build Blockchain-Based Medical Imaging Platform

Blockchain tech company Bitfury is partnering with radiology blockchain marketplace Medical Diagnostic Web (MDW) to create a blockchain-based medical imaging ecosystem. The partnership was announced by the Bitfury Group in a blog post on Feb. 11. Established in 2011, the Bitfury Group operates as a software manufacturer and provider of security and infrastructure for the Bitcoin (BTC) blockchain. The company raised $500 million in revenue in 2018. MDW is a radiology blockchain platform that allows radiologists to contact with imaging facilities and share patient data and medical images. Within the…

Venezuela Imposes Fees and Limits on Local Crypto Remittances

The Venezuelan government has introduced regulations for crypto remittances within the country, according to a decree published on Feb. 7 in the country’s official media outlet, Gaceta Oficial. According to the document, the National Superintendency of Crypto Assets and Related Activities (SUNACRIP) will now be responsible for taxation related to the sending and receiving of cryptocurrencies. The new legislation will reportedly be applied both to individuals and legal entities. According to the new requirements, the state has set out monthly limits and commissions, payable to SUNACRIP, on cryptocurrency remittances. The…

New Proposed ETF Would Encompass Bitcoin Futures Alongside Sovereign Debt Instruments

Reality Shares ETF Trust — a unit of crypto-focused fintech firm Blockforce Capital — has filed a proposal for an exchange-traded-fund (ETF) that would invest in a portfolio which includes both sovereign debt instruments and Bitcoin (BTC) futures.The ETF filing was submitted to the United States Securities and Exchange Commission (SEC) Feb 11. ETFs are securities that track a basket of assets proportionately represented in the fund’s shares. They are seen by some as a potential ‘holy grail’ that would herald the widespread adoption of cryptocurrencies as a regulated and…

Jack Dorsey Says Cash App Support for Lightning Network a Question of ‘When, Not If’

Twitter co-founder and CEO Jack Dorsey — also the founder and CEO of United States-based Bitcoin (BTC)-supporting payments service Square — said that rolling out the Lightning Network on Square’s Cash App is a question of “when, not if.” Dorsey made his remarks during an interview alongside Elizabeth Stark, co-founder of Lightning Labs, on the Stephen Livera podcast Feb. 11. The Lightning Network (LN) is a second-layer solution to Bitcoin’s scalability limitations, which works by opening payment channels between users that keep the majority of transactions off-chain. In response to…

Moscow Gov’t to Launch Blockchain-Enabled IT Innovation Cluster by Summer 2019

The Moscow municipal government is planning to launch a blockchain-based city innovation cluster by summer 2019, Russian news agency TASS reports on Feb. 11. The upcoming platform for the city’s IT innovation cluster will enable participants to find potential partners, as well as learn about their products and equipment, according to Alexey Fursin, Head of the Department of Business and Innovation of Moscow. Fursin noted that the platform’s entrants will be also be able to receive financial support through grants from the Moscow government. According to the official, the upcoming…

MEP Kaili: Banks Can’t Stop Us From Using Blockchain

A Greek member of the parliament (MEP) of the European Union, Eva Kaili, declared that central banks have too much control over people’s deposits, according to a post published on Ripple’s blog on Feb. 8. According to the post, Kaili made the comments at the Ripple Regionals event in London last week. The MEP said that she realized that central banks had too much control over people’s funds after the debt crisis in Greece. During her talk — which was dedicated to how the EU will regulate blockchain and cryptocurrency…

BTC Up $4.3 Billion in Three Days

Bitcoin prices on an uptrend Venezuela is a prime example of why BTC is needed Participation levels are high, poised to increase in coming days After Feb 8 rockets, it is clear that momentum has shifted from bearish to bullish. Further padded by supportive fundamentals, it is likely that BTC will break and close above $3,800 ushering in a demand wave that would see prices retest $6,000. Bitcoin Price Analysis Fundamentals There is a crisis in Venezuela, and the government’s endless tussle is wrecking ordinary Venezuelans. To quantify how nerve-wracking…

Ripple Price Falls and Drops Below Ethereum, Why XRP is Demonstrating Weakness?

Ripple prices bullish xRapid adoption should be a top priority Transaction volumes picking up after Feb 8 gains Shoring our optimism is the expectation of xRapid adoption. Binance is open for a partnership while Ramessa Online is waiting for further clarification before incorporating XRP. In the meantime, XRP is on an upward trajectory, and we expect bulls to drive prices above 34 cents triggering the first wave of sellers aiming at 40 cents Ripple Price Analysis Fundamentals Executives at Ripple continue to broadcast their objectives of continually building a superior…

Philippines Union Bank Launches Crypto ATMs

One of the Philippines largest banks, Union Bank, is set to launch the first two-way crypto ATMs in the country. Union Bank Crypto ATMs Customers will be able to buy and sell cryptocurrencies for cash through the ATM. The idea is to provide an easy and accessible means for crypto to fiat conversion and vice versa. The move may help to spur on adoption for the digital asset. Union Bank said the following on the crypto ATMs: “In the bank’s continued quest to cater to the evolving needs and tastes…