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VeradiVerdict - Portfolio Tracking - Issue #8

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Hi, I am Paul Veradittakit, a Partner at Pantera Capital, one of the oldest and largest institutional
 
October 23 · Issue #8 · View online
VeradiVerdict
Hi, I am Paul Veradittakit, a Partner at Pantera Capital, one of the oldest and largest institutional investors focused on investing into blockchain companies and cryptocurrencies. I focus on early investments and want to share my thoughts and what’s going on in the industry in this weekly newsletter.

View and comment this newsletter on Medium

Editorials
We recently led Blockfolio’s series A round, participated by Mayfield and Pathfinder, Founder Fund’s early stage investment vehicle. Blockfolio enables users to track their portfolio from a sleek and thoughtfully designed mobile application. It is the leading mobile-only portfolio tracking app in the blockchain space. 

Their platform allows users to receive up-to-date exchange prices and market analysis, set pricing alerts, track their PnL and Cost Basis, and much more. Blockfolio is dedicated to creating an ecosystem within their platform to attract and retain as many users as possible.

The product has attracted more than 4.5 million users to date. It lists over 6,000 cryptocurrencies, and integrates with more than 240 online exchanges, to effectively manage their holdings, check market data, and to receive updates from cryptocurrency project developers.

We believe that Blockfolio has one of the best applications in the market today. Their multifaceted approach of being an on-ramp, asset manager tool, and social network for cryptocurrencies is a blend of functions that few to no other competitors have.

I have been pretty selective about board participation but felt so strongly about this project that I will be joining the board. I have been impressed with Ed Moncada, the CEO, and the rest of the team and believe that the company can be the cornerstone of an emerging blockchain ecosystem in Los Angeles.
Digests
Bitcoin and Gold: Store of Value and Institutional Investment
What China's Cashless Revolution Can Teach the West About Crypto
In the Tweets
@CryptoChartsJoe
Fidelity, TDA, and Goldman Sachs, have doubled-down on their cryptocurrency efforts why haven't prices react positively?

Per Anthony “Pomp” Pompliano:

“The good news of today bakes the returns 3 years from now. This is exactly how Jeff Bezos thinks about Amazon!!
11:02 AM - 22 Oct 2018
Joseph Young
Bakkt will officially begin clearing Bitcoin futures on Dec 12, 2018.

Previously, the US SEC rejected 9 Bitcoin ETFs that based their price on the futures market because the BTC futures market was not sufficiently liquid.

The entrance of Bakkt could change the viewpoint of SEC https://t.co/BhGRCR7Qe2
1:34 PM - 22 Oct 2018
James Prestwich
There are more security token exchanges than security tokens 🤷
8:46 PM - 21 Oct 2018
News
NYSE Parent Company Reveals Launch Date for Bitcoin Futures on Bakkt Platform
Ticketmaster Acquires Blockchain Ticketing Company Upgraded
Fidelity, the $2.5 trillion Wall Street giant, is launching a brand new institutional brokerage and custody business for crypto
Goldman Sachs and Mike Novogratz Back BitGo's "Trillion-Dollar" Custodian Solution
Bitfinex Took 630 Million Tether Out of Circulation After Drop Below $1
ABN AMRO, Samsung SDS Partner for Blockchain Trade Pilot
Confirmed: Baidu and TRON to Cooperate on Cloud Computing Resources
North Korean Hacking Group Lazarus Stole $571 Million in Cryptos: Report
Regulations
Global AML Watchdog to Release Crypto Regulations By Next June
Crypto, Blockchain Should Be Regulated Under Existing Frameworks, Says HKEX Report
New Products and Hot Deals
Investment Boost For Synthetic Minds Helps Build Automated Smarter Smart Contracts
Cryptocurrency wallet startup Cobo raises $13M Series A to enter the U.S. and Southeast Asia
Paradigm Raises Seed Round Led by Polychain Capital for Relay Protocol
Binance Scores Funding From Venture Arm of Singapore's Sovereign Fund
Overstock’s Medici Ventures Invests in Decentralized Social Network
Meet with Me
I will be traveling this fall for certain events, and to meet with investors. Let me know if you and your colleagues would like to meet in person.

Las Vegas, Money 2020 USA, October 21-24
Zurich, Crypto Summit, October 28-29
Prague, DevCon 4, October 30-November 2
Macau, Sora Summit, November 13
New York, Consensus Invest, November 27
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