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VeradiVerdict - Treasury Management - Issue #5

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Hi, I am Paul Veradittakit, a Partner at Pantera Capital, one of the oldest and largest institutional
 
October 2 · Issue #5 · 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
Bitmex has an insightful report that they tweeted where ICO projects have sold 52% of the ETH they have raised during their crowdsale.

I assume that many projects that raised earlier this year held on to the ETH that they raised and now need to sell to cover operations. It’s a tough decision to make on whether to speculate on ETH vs to hold in USD or some other stablecoin. I believe the ETH/BTC decline that started this year due to tax season and the constant sell pressure from ICO projects is coming into effect.

I typically advise ICO projects to sell at least half of their ETH into USD shortly after their sale to make sure operations are covered. There are new treasure management companies that can help manage crowd-sale funds or OTC trading desks that can help liquidate crypto.
Digests
Blockchain Governance 101 – Vlad Zamfir
You Don’t Need a Diversified Crypto Portfolio to Spread Risk: Here’s Why
The President of China Wants To Win The Blockchain Race
South Korea’s Crypto Market Overview: How Largest Banks and Conglomerates Back Exchanges
In the Tweets
Arthur Hayes
Is the $ETH carnage over? BitMEX Research publishes some interesting numbers about ICO Ether holdings. https://t.co/VYCm5XjEha
1:31 AM - 1 Oct 2018
Ricardo Reis ⚡️
I build a Coke vending machine that accepts Bitcoin payments through Lightning Network.
I use @Raspberry_Pi, @BtcpayServer , @pusher
YT: https://t.co/qVr3GDkitJ https://t.co/anSmCYmIKM
12:29 PM - 30 Sep 2018
Erik Voorhees
Very proud to announce the launch of the CoinCap platform. Reliable real-time crypto market data, 1200+ assets, 65+ exchanges, market volume metrics, new comprehensive API, TradingView charts, and... no obnoxious banner ads. Also Dark Mode for 1337 hax0rs https://t.co/2JZAgbYOvz
7:43 AM - 27 Sep 2018
News
Unboxing Bitmain’s IPO (Part 2)
Early Execs Leave Block.one, The Peter Thiel-Backed Crypto Startup Behind EOS
The First Official Investment in Blockchain by Salesforce Ventures
TechCrunch Founder Outraged at US, Will Crypto Firms Also Pivot to Asia?
A Heart Beat: China’s Oldest Tech Publication to Accept Bitcoin Payments
'Tedious But Necessary': Why This Decentralized Exchange Wants a License
Regulations
SEC Charges Bitcoin-Funded Securities Dealer and CEO
Taiwan's Regulators Considering Allowing Convenience Stores to Facilitate Crypto to Cash Transactions
Shanghai Court Rules Ethereum is Protected Under Property Laws
Malta's Prime Minister Hails Crypto as 'Future of Money' in UN Speech
US Lawmakers Ask SEC to Clarify ICO Regulations
Chinese Arbitrator Builds Online Ruling System on a Blockchain
New Products and Hot Deals
a16z crypto purchases 6% of MKR, backing Stablecoin Vanguard MakerDAO
Crypto Money Market Compound Lets You HODL and Earn
Introducing USD Coin
LINE Announces 5 Dapps in Push to Build Its Token Economy
Ant Financial Launches its BaaS Platform and Predicts Blockchain may Surpass AI in 2 Years
Stellar-Based Zero-Fee Decentralized Crypto Exchange StellarX Is Now Fully Launched
Battle of the Privacycoins: What We Know About Grin and Beam’s Mimblewimble
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.

San Francisco, SF Blockchain Week, October 9
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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