Cypherpunk Holdings Acquires 4.5% Stake in Firm Behind Privacy-Centric Wasabi Wallet

Tech investment company Cypherpunk Holdings has completed an equity investment worth $337,500 in zkSNACKs, the firm behind privacy-focused cryptocurrency wallet Wasabi. Cypherpunk announced the news in a Nov. 21 press release, specifying that it thus acquired a 4.5% stake in zkSnacks. With the acquisition, Cypherpunk’s chief investment officer Moe Adham became a member of zkSnacks’ board of directors. Cypherpunk’s president and CEO, Dominic Frisby, said:  “It’s taken a lot of work and several months to get this deal over the line, so I would like to both thank and congratulate…

Dow Stands Firm But Dr. Doom Unleashed a Dire Stock Market Warning

China headlines mixed with positive news in the US Senate to lift the Dow Jones off its lows on Thursday afternoon. Impeachment odds remained steady as witnesses added no new bombshells for the Dow to endure. Economist Nouriel Roubini believes the stock market outlook is worsening because investors appear increasingly out of touch with economic realities. The Dow Jones roared back from its session lows on Thursday afternoon, as contradictory trade war headlines left the stock market volatile. However, noted economist Nouriel Roubini warns that the stock market has diverged…

Vermont Power Utility Partners With Blockchain Firm for Local Solar Energy Sales

Some Vermont-based households can now sell their excess renewable energy to businesses through blockchain-based energy startup LO3’s platform. Vermont power utility Green Mountain Power and LO3 jointly launched a pilot project that enables homeowners with solar panels to sell surplus power to businesses served by the utility, industry-focused publication Microgrid Knowledge reported on Nov. 19. 500 MWh in trades per year The project is called Vermont Green and is set to begin in December, with the initial objective to cover 50 businesses and 150 households. The partners expect the program…

Cryptocurrency Forensics Firm Elliptic Ties $400M in XRP to Illicit Activities

Cryptocurrency forensics and analysis firm Elliptic has tied about $400 million worth XRP tokens to illegal transactions. In a press release published on Nov. 20, the firm indicated that “the $400m of illicit activity identified by Elliptic represents less than 0.2% of total XRP transactions, demonstrating that the vast majority of activity is legitimate.” Tracing XRP’s relation to illicit activities Elliptic began analyzing XRP over a year ago and has identified that several hundred XRP accounts are related to illegal activity — from thefts to the sale of stolen credit…

Decentralized Payment Firm Radpay Raises $1.2M in Seed Round

Decentralized payment processing company Radpay has secured $1.2 million in a seed round, with the participation of investment firms Resiliency Ventures and BlackLaunch. Per a press release published on Nov. 18, Radpay completed a $1.2 million series seed round that reflects a 20% oversubscription. The company saw financial support from a number of Silicon Valley investors, Phoenix-based investment firms Resiliency Ventures and BlackLaunch, and investors from Nebraska and Arizona. Radpay is planning to allocate the raised funds to the company’s further development, which includes commercialization of its technology, expansion of…

Uncork Capital, Coinbase VC Arm, Others Invest $4 M in Crypto Analytics Firm Messari

Uncork Capital has led a $4 million funding round that also saw funding from Coinbase Ventures for blockchain analytics firm Messari. Who’s who of new investors On Nov. 13, Messari announced that it had closed a $4 million funding round led by Uncork Capital, with participation from other top investors including Coinbase Ventures, Anthemis Group, Blockchain Capital, CoinFund, and former Coinbase CTO Balaji Srinivasan. The data analytics firm intends to invest the raised funds into further automating its data ingestion process and its redistribution capabilities for registry clients, while broadening…

Crypto-Friendly Mobile Banking Firm Revolut to Attempt Raising $500M+

British mobile banking firm Revolut is negotiating with investors to raise at least half a billion dollars next year, Reuters reports on Nov. 12. Since the end of 2017, Revolut’s app has allowed its users to complete transactions in cryptocurrencies including Bitcoin (BTC), Litecoin (LTC) and Ether (ETH). According to Reuters, Revolut plans to raise the funds next year to fuel its expansion and hire new personnel, and will expand its partnership with payment firms Visa and Mastercard. The firm’s co-founder and CEO Nikolay Storonsky said: “We want to raise…

Two Former Circle Executives Co-Found Proprietary Crypto Trading Firm

Two former executives at crypto finance firm Circle and former DRW executive jointly founded proprietary crypto trading firm CMS Holdings. The new venture Coindesk reported on Nov. 12 that the firm is the joint venture of former Circle executives Daniel Matuszewski — former head of the firm’s over-the-counter desk Circle Trade — and former technology executive Julien Collard-Seguin alongside a third partner. The third founder is the former head of trading at Cumberland (the crypto trading arm of brokerage DRW) Bobby Cho. According to the outlet, the three decided to…

VC Firm Andreessen Horowitz Launches Free 7-Week Crypto School

Venture capital firm Andreessen Horowitz (a16z) is launching a free, seven-week crypto startup school, scheduled to kick off in February 2020.  The firm — well-known for its investments in crypto industry names such as Coinbase and Ripple — publicly announced the program on Nov. 8. Free materials online for the general public According to the announcement, the program — which will entail lectures held in person in Menlo Park, California — will cover a broad curriculum for those seeking to found blockchain startups. In parallel, videos and curriculum materials will…