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VeradiVerdict - Stellar Acquires Chain - Issue #2

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Hi, I am Paul Veradittakit, a Partner at Pantera Capital, one of the oldest and largest institutional
 
September 11 · Issue #2 · 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
Today, it was announced that Stellar acquired Chain, and I think the partnership makes a ton of sense.
Pantera was an early investor in Chain, and I have always been impressed with Adam Ludwin, the CEO, and his ability to navigate the company’s strategy. The company was able to garner a subsequent round from Visa, Chain, Nasdaq, Orange and Fiserv. Chain partnered with Nasdaq to enable Nasdaq to help companies issue private securities on the blockchain. Chain has built up a very strong technical/product team and had been focusing on institutions and enterprises, especially the latter with their Sequence product.
Chain will bring a commercial team and mindset to Stellar and they are very complementary to each other. Knowing Jed and the Stellar team, I’m excited to see what use cases and applications will get built on their technology.

This week I will be in Shanghai for Shanghai Blockchain Week and attending the Global Blockchain Summit.
My first trip to Shanghai was 2 years ago for the same Blockchain Summit and DevCon 2. I have got to meet many of the early investors like Fenbushi and exchanges like Binance.
Since then, token projects have moved out of China and Shanghai and are setting up shops in countries like Singapore.
Nevertheless, many folks in the ecosystem will be in Shanghai this week so looking forward to seeing a lot of familiar faces.
Digests
A Look at Token Sale Treasuries – Mosaic
Measuring Decentralization in Crypto – Ethos.io
The Big Legal Issue Blockchain Developers Rarely Discuss
Bitcoin Not Useful for Terrorists, Expert Tells US Congress
Using Dapps
In the Tweets
T. S. Eliott Wave
"It was manipulation" is the mantra of losers

Manipulation implies rules are being broken

Whatever is happening in the market ARE the rules of the market. The true rules.

Regulations, Oversight authorities, Fair play are all illusions

Trade the actual market not the fantasy
11:21 AM - 10 Sep 2018
Ferdous ฿hai ⚡️
Love how quickly the $EOS narrative shifted from RAM speculation to Universal Basic Income for kids in Africa. ❤️
4:37 PM - 9 Sep 2018
Ryan Sean Adams
Let's play every crypto is a sea animal:

Bitcoin is the shark

Ethereum is the dolphin

Monero is the octopus

Tron is the plastic bag found at the bottom of the Mariana Trench

Your turn!
6:56 AM - 10 Sep 2018
News
Interstellar Arrives: Visa, Citi-Backed Chain Acquired By Stellar Startup
Citigroup is the Latest Bank to Offer Crypto Custody, Impact on the Market
72% of Cryptocurrency Investors Plan to Buy More this Year: Survey
ConsenSys details the first cohort of companies to enter its new accelerator, Tachyon
David Sacks Joins 0x to Build Harbor—0x Security Token Stack
Cryptic Labs adds 2 Nobel laureates as advisers for blockchain security research
Regulations
Nasdaq Said to Be Building Tool to Predict Crypto Price Movements
‘BitLicense’ Regulator Approves Two USD-Pegged Cryptocurrency Tokens
SEC Suspends Trading in Bitcoin and Ethereum Investment Products
China’s Supreme Court Rules That Blockchain Can Legally Authenticate Evidence
New Products and Hot Deals
Polychain Leads Blockmesh Developer Spacemesh's $15 Million Fundraise
Announcing the Casa Lightning Node
Australian Firm Aiming for $15 Mln ICO for Crypto Exchange Addresses Regulatory Scrutiny
Quoine Looks to Boost Crypto Liquidity With New Trading Platform
Introducing ShapeShift Membership – ShapeShift
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.

Singapore, Cumberland Crypto, September 14-16
Hong Kong, SuperReturn, September 17-18
Singapore, Consensus Singapore, September 19-20
San Francisco, SF Blockchain Week, October 9
Las Vegas, Money 2020 USA, October 21-24
Prague, DevCon 4, October 30-November 2
Macau, Sora Summit, November 13
Hangzhou, Money 2020 China, November 14
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