Anthony Pompliano Says Institutional Investors Have Arrived, Plus Bitcoin, Ripple and XRP, Ethereum, Tron, Litecoin, Stellar, EOS, Cardano: Crypto News Flash
From a new round of institutional investments in Bitcoin and blockchain to the impending launch of Ethereum’s Constantinople upgrade, here’s a look at some of the stories breaking in the world of crypto.
The founder of Morgan Creek Digital says institutions aren’t coming to crypto – they’re already here.
Anthony Pompliano says the crypto asset management firm successfully started a new fund that’s already raised $40 million from two public pensions, a university endowment, an insurance company, a hospital system and a private foundation. The fund will invest in companies focused on building blockchain solutions and hold a small percentage in cryptocurrencies like Bitcoin.
This morning our team at Morgan Creek Digital announced a new $40 million crypto venture fund anchored by two public pensions.
The institutions aren’t coming.
They’re already here. 🚀
— Pomp 🌪 (@APompliano) February 12, 2019
Pompliano told Bloomberg that smart money is not distracted by the bear market.
“There’s a belief in the institutional world that if the industry will be around for a long time, it will be very valuable. The smart money is not distracted by price but looks at the long-term trends, and believes they’re betting on innovation as a great way to deliver risk-mitigated returns.”
4/ The headlines will focus on the public pensions, but we also have a hospital system, an university endowment, an insurance company and a private foundation.
The smart money is in the game in a big way.
— Pomp 🌪 (@APompliano) February 13, 2019
The man in charge of developer relations at the Ethereum Foundation says the platform’s Constantinople upgrade is a go for launch.
According to Hudson Jameson, the hard fork is on target and no further bugs have been discovered. The upgrade was delayed last month after security firm ChainSecurity reportedly discovered a critical bug at the last minute.
Ripple and XRP
Ripple met with Taiwanese lawmaker Karen Yu at its headquarters in San Francisco on Tuesday.
It’s part of Ripple’s push to introduce blockchain, XRP and digital assets at large to influential politicians and regulators around the world.
— Ripple (@Ripple) February 11, 2019
The block producer EOS Authority says a kind-hearted member of its community returned 103,000 EOS that was accidentally sent to the wrong wallet. The funds are worth about $306,940 at time of publishing, according to CoinGecko.
There are amazing & honest people in the EOS community. This account https://t.co/LOGrhZx5Mb returned 103K EOS accidentally transferred to it by a token holder. We are happy to have played a role guiding the two holders but all kudos to australia123. @block_one_ #eosio pic.twitter.com/U5iRPnqv0k
— EOS Authority (@EOSauthority) February 12, 2019
Litecoin founder Charlie Lee joined the latest episode of the Magical Crypto Friends Show. In this episode, Lee and the crew talk about fungibility, private transactions and more.
Stellar co-founder Jed McCaleb will join a panel at IBM’s Think 2019 to talk about how crypto assets can transform the payments industry.
The panel is set for Thursday at 8:30 a.m. at the Moscone Center in San Francisco.
The Ethereum-based game Crypto Dungeons is being ported over to the Tron network. The project is being funded through Tron’s game investment arm, Tron Arcade.
— TRON Arcade (@TRONArcade) February 9, 2019
Cardano founder Charles Hoskinson says his platform is just getting started.
In a new speech, Hoskinson talks about the history and potential of blockchain and cryptocurrency, and says he met a camel herder in Mongolia who owns Bitcoin.