VeradiVerdict - Portfolio Company Updates  - Issue #14

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.


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Editorials

We are excited to announced that our portfolio company, Harbor, has launched its platform and compliance protocol, an institutional-grade solution for transforming private securities like commercial real estate offerings into more accessible and liquid forms of private investments using blockchain technology.


Convexity Properties — a DRW Company — tokenizes $20M of commercial real estate private equity on Harbor platform. Harbor now allows investors to register to buy shares in an apartment block called The Hub at Columbia. The platform’s key features include more liquid form commercial real estate, institutional co-investment opportunities and attractive pricing and below-market financing. Additionally, the platform also meets the security and compliance needs of institutional issuers and investors.

Digests

6 Big Takeaways from SEC Chair Clayton's Crypto Remarks

The tea leaves were swirling Tuesday after Jay Clayton, chairman of the U.S. Securities and Exchange Commission, dropped some hints about what regulators in the United States will (and won’t) do in the crypto space in the coming months and years.

Why crypto networks will eat the SaaS industry – Wyre Capital

This post explores commoditization cycles and models for software delivery by looking at the threat properly incentivized crypto networks pose to the Software-as-a-Service industry. NB — there are…

Behind MimbleWimble

Few ideas within crypto have garnered as much attention as the MimbleWimble proposal. It gets its name from the incantation of the Tongue Tying Curse in the Harry Potter universe, a spell used to…

In the Tweets

Eric Conner

@econoar

Ethereum hater evolution...

2014: "No way!"
2015: "No use!"
2016: "No security!"
2017: "No dapps!"
2018: "No users!"
2019: ???

1:23 PM - 29 Nov 2018

Marco Santori

@msantoriESQ

1/ 🚨 NEW LAW ALERT. A federal court in California just ruled against the SEC in an ICO case, explaining what a plaintiff will now have to prove for an ICO to be a security. If you care about whether ICOs create securities, read on. If not whatever im not the boss of you

12:54 PM - 29 Nov 2018

Dovey Wan 🦖

@DoveyWan

I had many hours of conversation with players from all dimensions globally in past 3 weeks (exchanges, traders, founders, miners, primary investors, regulators). Below are my key rationales why this winter will be worse than 2014's. Hope to be proven wrong 👇🏻 https://t.co/nI1UJk5OEO

10:31 AM - 30 Nov 2018

News

BP And Shell’s Blockchain-Based Oil Trading Platform Goes Live

A blockchain-based trading platform that could assist oil majors and trading firms to drastically reduce costs is now operational, according to Reuters.

Privacy-focused Cryptocurrency Zcash Begins Trading on Coinbase Pro

In an announcement on Thursday, Coinbase Pro has officially added support for Zcash (ZEC), a prominent privacy-centric cryptocurrency.

US Blacklists Bitcoin Addresses of Iranians Involved in Ransomware Attack

The US Treasury Department has blacklisted two bitcoin addresses associated with individuals involved with the SamSam ransomware attack.

Former Huobi Executive Floats New Cryptocurrency Exchange in Singapore

It would seem that tech entrepreneurs like James Ju aren’t put off by the current state of the cryptocurrency market, so much so that he has rounded up a group of investors to fund his latest venture of opening a crypto exchange.

Bitcoin ETF Seekers Met With SEC Monday In Latest Pitch for Approval

Members of VanEck, SolidX and the Cboe BZX Exchange met with U.S. Securities and Exchange Commission staff earlier this week to present a new argument on why the bitcoin market is ready for an exchange-traded fund

Regulations

Breaking: SEC Charges Floyd Mayweather, DJ Khaled with Illegally Promoting ICOs

The SEC has charged Floyd Mayweather and DJ Khaled with illegally promoting ICOs and failing to disclose that the promotion had been paid-for.

New Products and Hot Deals

Sirin Labs' $999 Blockchain Phone Will Start Shipping in December

Finney, the blockchain phone announced at the apex of the 2018 token craze, is expected to start shipping in late December.

Coinbase, DCG Join $4.5 Million Seed Round for Crypto Evaluation Startup

Flipside Crypto wants investors to think beyond market capitalization, and Coinbase apparently agrees.

ConsenSys Backs $2.1 Million Funding Round for Ethereum Privacy Startup

ConsenSys Labs has led a $2.1 million seed round for AZTEC, a startup that’s working to make ethereum transactions private so financial institutions can comfortably use the second-largest blockchain.