Yale University Investing in 400 Million Cryptocurrency Fund

Yale University Investing in $400 Million Cryptocurrency Fund

More Institutional Money Could Be on the Horizon

Cryptocurrency, Investing–Yale, one of the most prestigious Ivy League universities in the United States, is reportedly apart of the investment group that is helping to raise $400 million for a massive new cryptocurrency fund.

According to a report by Bloomberg published on Friday with information supplied from an anonymous source familiar with the situation, the university is trying its hand in cryptocurrency via the fund ‘Paradigm,’ which is reported to be helmed by Coinbase co-founder Fred Ehrsam, Charles Noyes of Pantera capital, and former Sequoia Capital partner Matt Huang. The Wall Street Journal had previously reported on the departure of Huang from Sequoia, making the move in order to join with Ehrsam in the creation of the new fund.

While this has been the first reported time that Yale has invested into cryptocurrencies on such a massive scale, the school has had its influence felt in a number of different industries, from Puerto Rican bonds to timber in New Hampshire, as reported by Bloomberg. Among the more interesting details listed in the report is the finding that Yale’s $30 billion endowment–the second largest among U.S. educational institutions–has earmarked a whopping 60 percent of its investment capital in 2019 for “alternative investments” which includes, among other things, “venture capital, hedge funds and leverage buyouts.” Added to the list now appears to be cryptocurrency, with a potential for other blockchain enterprises and even promising initial coin offerings (ICOs).

For now, the fund being led by Ehrsam is planning to invest in early stage cryptocurrency-based projects, novel blockchain designs and digital asset exchanges. Given the timing of the report, which comes just days after Coinbase was valuated at a colossal $8 billion–which would make the company one of the most valuable U.S. startups–the landscape of cryptocurrency exchanges appears to be immensely profitable and largely untapped. Earlier in the year, BitMEX co-founder Ben Delo became the youngest self-made billionaire in the history of the United Kingdom. Changpeng Zhao, the active CEO of cryptocurrency exchange Binance, announced that his company was on pace to eclipse $1 billion in profits by the end of 2018, despite it being an abysmal year for the valuation of the crypto markets.

Bloomberg points out that Yale’s $30 billion endowment, managed by David Swensen, is one of the few institutional investors to move into cryptocurrency this year, as the entire market finds itself in a bear cycle that has seen value plummet from the last all time high. Despite the opportunity and overnight fortunes that have characterized much of the last several years for cryptocurrency, institutional investors, on a whole, have been reluctant to put capital in to the markets to the degree that most current investors are anticipating.

The common refrain of “institutional money” is coming will not only signal legitimate interest in both the market and technology of cryptocurrency, but provide a much needed boost to alleviate the ongoing price bleed. Previous analysts, including the Bloomberg article on Yale, have cited a lack of regulation and the potential for widespread market manipulation as the primary deterrent for investing in cryptocurrency. However, with an investor as large and prestigious as Yale, commanding $30 billion in endowment, crypto-based funds might garner more interest even in the absence of a Bitcoin exchange traded fund being approved by the SEC.

Article written by Michael Laverne

Article originally posted on Ethereumworldnews.com

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From Crimefighter to ‘Crypto’: Meet the Woman in Charge of Venture Capital’s Biggest Gamble

From Crimefighter to 'Crypto': Meet the Woman in Charge of Venture Capital’s Biggest Gamble

Kathryn Haun was the Justice Department's go-to prosecutor for Bitcoin-related felonies. Now she's one of cryptocurrency's most important investors. Here's why her career change is a watershed moment.

Debate

“Let’s settle this!” an announcer rumbles over loudspeakers.

The “this” in question is one of the more important business disputes of the moment: Are alternative currencies like Bitcoin the future of financial services or a 21st-century Ponzi scheme? To get resolution, a Mexican data center company called KIO Networks is hosting a debate in a smoke-filled arena in the graffiti-coated Hipódromo Condesa neighborhood of Mexico City. The atmosphere screams lucha libre, the stylized form of Mexican wrestling that features acrobatic moves and dramatic masks.

On this late-September evening, the main event features two intellectual heavyweights from the United States, both highly credentialed, neither wearing disguises. In one corner is Paul Krugman, the New York Times columnist and Nobel laureate in economics. In the other is Kathryn Haun, an accomplished federal prosecutor recently turned venture capitalist.

Krugman’s position is predictable. He sees the rise of cryptocurrency networks—decentralized digital services that run on computerized money like Bitcoin—as an unnecessary throwback to a distant era, when precious metals made up the money supply. “I don’t believe we’re at the dawn of a new age,” he says. He delivers a smackdown on an investment craze that the likes of Jamie Dimon and Warren Buffett have repeatedly pooh-poohed: “I think 15 years from now, it will look a lot like Pets.com.”

Haun sees things differently. To her, virtual currencies and the technologies that underpin them are society’s saviors: a last great hope at reclaiming power gobbled up by greedy banks and Internet monopolists. “Facebook, Amazon, Netflix, Google, they control all the rules,” she says. “They have all the users. They have all the power.” The new technology, Haun argues, allows eager, entrepreneurial developers to compete. She throws her weight behind the democratizing dream of the new technology’s acolytes.

Photo by Christie Hemm Klok for Fortune

Cryptocurrency is “in the dial-up days,” says Haun, “and the critics are confusing the current state of innovation with the end state of innovation.”

Haun largely wins over the crowd, a collection of the megalopolis’s tech elite. And they like her visuals too. At the outset of her talk, five giant screens project the mug shots of corrupt U.S. law-enforcement officials she convicted in her previous career. But the audience isn’t enamored of Haun merely because she once was the sheriff in the Wild West of “crypto.” She excites them because now she’s joined their side. As one of the newest partners of the estimable Silicon Valley venture capital firm Andreessen Horowitz, Haun’s job is to find the next big thing in cryptocurrencies—and to help their founders succeed while staying on the right side of the law.

Haun is making her career shift at a precarious time. Cryptocurrency markets have been in free fall all year. A global speculative mania for virtual coins that sent valuations above $800 billion in January has dwindled to $200 billion. Bitcoin has lost two-thirds of its value, and Ethereum, the second-biggest cryptocurrency, is down 90%.

Haun and her new partners are undaunted. Investment crazes often spawn bubbles. But what’s left after they pop, if the true believers are right, are new industries. Firm cofounder Marc Andreessen, after all, parlayed his work developing the first commercial browser into Netscape, the flawed startup that helped beget the World Wide Web—and many billions of dollars in investment returns for the Internet industry. Haun also is unfazed by her lack of professional investing experience. “For entrepreneurs to want to work with you, they need to think you have some strategic vision, some hustle, and an ability to get the job done,” she says. These are the same skills, she posits, that a prosecutor needs to persuade FBI agents and others to work with them.

Bridging worlds, then, is one of Haun’s chief attributes. “She has this rare blend of having been in government and having a business-centric mind,” says David Marcus, a senior Facebook executive who sat on a corporate board with Haun. Adds Anthony Kennedy, the newly retired associate justice of the U.S. Supreme Court, for whom Haun clerked: “I’m quite reassured that someone with her talents and background would go into this new area.” Her involvement “is a tremendously important link between the law and the cyber age. And she recognizes that.”

A version of this article appears in the Oct. 1, 2018 issue of Fortune with the headline “Jumping The Fence.”

This is just an excerpt; the complete article can be read on Fortune.com

ARTICLE written by Robert Hackett 

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Ripple Leads Coallition To Hire Lobby Firm To Promote Friendly Crypto Policies

Ripple Leads Coallition To Hire Lobby Firm To Promote Friendly Crypto Policies

A significant group of fintechs and businesses related to the industry of cryptocurrencies and blockchain technologies have decided to start a campaign to promote a legal space that is favorable for the development of the crypto-ecosystem.

According to Bloomberg these companies don’t not go by the wayside, and instead of the traditional awareness and promotion campaigns, the group has decided to hire the services of a major law firm to take the fight directly to the legal field.

The group of companies calls itself the “Securing America’s Internet of Value Coalition” and is currently formed by Ripple Labs, the independent foundation Ripple Works, Coil – a fintech that seeks to facilitate payments in the entertainment and digital content industry, Hard Yaka – a firm with large sums of money invested in digital assets – and PolySign – a startup that seeks to provide crypto custody services.

Chris Larsen, executive chairman of Ripple, said in recent months there has been a growing interest on the part of regulatory bodies and lobbies in general towards the issue of cryptocurrencies and blockchain technologies:

“We understand this is really complicated, and there is a lot of misinformation out there … The good news is there is a lot of interest in this topic in D.C.” – Chris Larson

Ripple and Klein/Johnson Group: Bringing Together Laws and Cryptocurrencies

It is also important to note that the coalition has hired the services of Klein/Johnson Group, a “bipartisan lobbying and public policy firm” that in recent years has been working to provide advice on financial and technological services.

Ripple is until now the visible head of the group. The success of its payment solutions has made its XRP token the third most important cryptocurrency in the global market cap.

Ripple’s presence is especially crucial as the Coalition is investing a large amount of money in its mission. According to the report, Klein/Johnson will receive a monthly sum of 25,000 USD plus 10,000 XRP, which will be declared as cash at the time of disclosing the payments received.

In this regard, Chris Larsen, explains that this seeks to generate greater interest on the part of the firm, bringing them a little closer to the ecosystem:

“It gives them some upside and gives them some risk … Hopefully, it gives them a taste of the industry in a way that hits home.” – Chris larson

The coalition has good expectations, especially now that the changes of commissioners within the SEC have helped the organization have a more positive view on the issue of cryptocurrencies, especially regarding the so expected Bitcoin ETFs.

ARTICLE Written by Jose Antonio Lanz and posted on Ethereum World News' website

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Cleveland’s blockchain conference Solutions to take place in December

Cleveland's blockchain conference, Solutions, to take place in December

CLEVELAND, Ohio — Cleveland will host its first blockchain conference, Solutions, Dec. 1-4.

That gives blockchain proponents in Cleveland just over 4 months to find funding, arrange workshops, book keynote speakers and design a program that will attract thousands of coders, public officials and business leaders to the Huntington Convention Center.

Solutions has the full weight of Cleveland car mogul's Bernie Moreno's "Blockland" group behind it, including David Gilbert, CEO of Destination Cleveland.

Moreno hopes to make Cleveland an epicenter for blockchain, an online ledger system best known for hosting Bitcoin and other online currencies. The new, hyped technology can be used many ways, from hosting government records to keeping track of patient records.

Gilbert headed the host committee that brought the Republican National Convention to Cleveland. He's been board with the plan to transform Cleveland to blockchain central since the beginning, flying with seven other Cleveland leaders to visit Toronto's Blockchain Research Institution in June.

Gilbert announced the dates for the conference in a Monday morning meeting, hosted at cleveland.com's offices on Superior Avenue. More than 80 people attended.

Along with Steve Santamaria, a technology entrepreneur who recently moved to Cleveland from Seattle, Gilbert laid out an ambitious timeline for the conference.

By Aug. 6, Santamaria and Gilbert hope to have keynotes confirmed. By Aug. 15, they want to send out save the dates.

Though these dates aren't set in stone, there's very little time to waver.

"We're trying to pull off in about 120 days what most people who put these on start 12 to 18 months out. … 12 months is a tight timeline," Gilbert said. "We can't do it on our own."

Article written by Emily Bamforth, for Cleveland.com

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Bitclub the Amazing Bitcoin mining company that’s 100% legit!

Bitclub the Amazing Bitcoin mining company that's 100% legit!

It took 4 years for BitClub Network to reach over $100,000,000 per month in sales and 300,000 customers. BITCOIN was at a low of $330 in October 2014 and, in December 2017, reached a peak of $19,500. According to many Wall Street analysts and high-level banking, will soon reach $100,000. How many will you have in the next 3 to 5 years? There are two ways to earn BITCOIN with Bitclub Network:

1) Acquire mining pools with the largest leverage in the sector. Turn $3,500 into $150,000.

2) Build a global marketing team of entrepreneurs with mining equipment and be paid daily in BITCOINS.

More than 300 people are already earning $1 million a year and referring others can earn thousands more in the coming years.


CHECK CURRENT GLOBAL BITCOIN LEGALITY HERE (Coin.Dance Site)


You can check the following links below to verify that Bitclub network is the real deal.


Recent blocks Found By BitClub Network

Hashrate Distribution Amongst the Largest Pools

Bitclub Blocks at depth 472167 in the bitcoin blockchain


Active Bitcoin Mining pool BitClub Network

Active Bitcoinity Bitcoin Network Hashrate

Active Bit.com Bitcoin Pool Distribution

Active Bitcoin Ticker Mining Pool Charts

Coin Dance Active Bitcoin Ticker Mining Pool Charts


Ethereum Top 25 Miners by Blocks

Etherchain.org Top Miners over the last 24hrs


https://themerkle.com/bitfury-and-bitclub-mining-pools-upgraded-to-new-bitcoin-core-version/

 

https://themerkle.com/top-6-bitcoin-mining-pools-signalling-segwit/

 

https://themerkle.com/top-6-companies-and-projects-supporting-both-segwit-and-bitcoin-unlimited/

 

https://themerkle.com/unknown-bitcoin-cash-miners-control-almost-97-of-the-networks-hashpower/

 

https://themerkle.com/3-largest-bitcoin-transaction-fees-ever-recorded/

 

https://themerkle.com/bitcoin-cash-mining-difficulty-adjustments-help-the-network-adjust-and-grow/

 

https://themerkle.com/bitfury-signaling-segwit-activation-brings-network-hashrate-support-to-28/

 

https://themerkle.com/bitcoin-cash-price-heads-toward-1000-as-trading-volume-outpaces-bitcoins/


https://www.ccn.com/first-8mb-bitcoin-cash-block-just-mined/

 

https://www.ccn.com/antpool-founder-shares-post-claiming-hardfork-issue-comes-money/

 

https://www.ccn.com/bitcoin-cash-price-makes-push-for-3000-as-wider-market-stumbles/

https://www.ccn.com/user-error-sees-bitcoin-mining-pool-earn-135000-fee/


https://cointelegraph.com/news/bitclub-is-accused-by-bitcoin-unlimited-suppor…

 

https://cointelegraph.com/news/durban-bitcoin-seminar-aims-at-educating-south-afri…

 

https://cointelegraph.com/news/bitcoin-mining-with-zero-fee-btccom-joins-mining-pool-race

 

https://cointelegraph.com/press-releases/saint-petersburg-will-host-a-crypto-industry…

 

https://cointelegraph.com/news/worlds-third-largest-bitcoin-mining-pool-s…

 

https://cointelegraph.com/news/blockchain-experts-mine-zcash-but-be-cautious

 

https://cointelegraph.com/news/watch-out-certain-android-mobile-devices-can-steal-your-bitcoin

 

https://cointelegraph.com/bitcoin-cash-for-beginners/how-to-mine-bitcoin-ca…

 

https://cointelegraph.com/news/malaysian-exchange-coinbit-people-are-looki…


https://www.nasdaq.com/article/the-curious-case-of-bitcoins-moby-dick-spa…

 

https://www.nasdaq.com/article/where-bitcoin-mining-pools-stand-on-segr…

 

https://www.nasdaq.com/article/russias-crypto-winter-shows-sig…

 

https://www.nasdaq.com/article/why-do-some-bitcoin-mining-pools-mine-e…


https://zycrypto.com/why-the-chain-split-might-no-longer-happen-on-august-1st/


https://www.coindesk.com/bitcoin-foundation-donation-mining-pool/

 

https://www.coindesk.com/accidental-136000-bitcoin-mining-pool/

 

The Millionaire Maker

Markethive poised to go to battle. Pay attention because it has taken 20 years to prepare for this journey into crypto wealth.

I have built Markethive as a walk in faith. Sometimes it has nearly broken me financially, but the Lord kept prodding me to build it. Through treachery with previous partners, financial collapse with Trivita’s damaged income, through suffering from heart failure and actually death in the hospital from heart failure, diagnosed with diabetes 2, having to move from Wyoming to Fargo, a wife that needs special care daily, I persevered because the Lord kept inspiring and prodding me to keep building it.

Last year (July 2016) I took Markethive out for trials, utilizing the Inbound Marketing  tools  and built the Valentus opportunity and became diamond in 12 days (breaking, even shattering the records!), then I rolled Markethive out to assist in an ICO opportunity and within 3 weeks produced over $180,000 in commissions and broke records again.

Keep in mind neither of these opportunities had the longevity capacity, like Trivita did, to become a legacy lifetime income. I was still looking.

This year, I actually died (obviously recovered)then was given a sobering diagnosis which sidelined me from any work for 5 months. Living on savings off my Bitcoins, I was able to focus on recovery and 4 weeks ago was diagnosed with no heart failure and no diabetes (a miracle blessing from the Lord, walking 10 miles a day and a strict diet) and was able to actually get back in the saddle again.

I was ready to get back into the fight and had a few false starts with The Trade Coin Club and Jet-Coin. Then an associate from my Trivita down line made me aware of Bitclub. Joe Able, one of the 3 founders of Bitclub Networks called me and paid to fly me out to meet him. I went with the intentions to pitch him for Markethive investments (I am obsessed with Markethive). Boy was I in for an amazing revelation.

As he introduced me to Bitclub (he took 3 hours out of his busy schedule for me to present this companies many facets and the details) I was overwhelmed, floored actually. It was a jaw dropping experience how well this company has been built, its foundational vision and mission. There is money to be made on so many levels and this company actually has ascended above all other MLMs in so many ways.

I could go on but I made a video to really illustrate how I am engaging Markethive into this. Millionaires will be made. 100s of them in my organization perhaps even 1000s because of the raw marketing power Markethive brings to this and I own Markethive.

Please join my group to get rolling into this huge opportunity tsunami. Surf is up. Big wave surf. Wax your boards and let’s safari brothers and sisters.

https://markethive.com/group/bitclub

 

 

Thomas Prendergast
Founder

1,000 Universities: IBM’s Ambitious Plan to Fill Vacant Blockchain Jobs

There's a staffing problem in the blockchain industry: simply, there are too many open positions and too few blockchain specialists.

Now, to help meet that rapidly increasing demand, IBM is partnering with Baruch College, Fordham University, University of Arkansas, University at Buffalo and the University of British Columbia to establish a series of grants, design blockchain curricula and more.

In addition, IBM has added new blockchain resources to it's IBM Academic Initiative, an ambitious effort that opens resources from the global tech giant to 1,000 universities.

But while unique in its sheer scope, IBM's new push is just the latest in a series of efforts around the world to train new blockchain industry talent.

Marie Wieck, general manager of IBM Blockchain, described the results of a beta release of the program to CoinDesk:

"We’ve already gotten some very, very positive responses."

Hands-on learning

Wieck also revealed details about how the programs will leverage IBM's technology.

To start with, IBM Blockchain Platform, the firm's proprietary distributed ledger technology, will form a part of the university curriculum, and will be made accessible for students.

Further, universities that participate in the projects will receive six months access to IBM Cloud and use of the IBM Blockchain cloud sandbox.

And it's becoming increasingly easy to see how such skills would be put to use by graduates of the courses.

The announcement comes on the same day that IBM formally launched its IBM Blockchain Platform, a food supply chain consortium with Walmart and other major firms on board, and revealed the first ever startup accelerator aimed at investing in startups building with Hyperledger Fabric.

Student lockers image via Shutterstock

If you believe that my message is worth spreading, please use the share buttons if they show on this page.

Stephen Hodgkiss
Chief Engineer at MarketHive

markethive.com


No it is not New Years Eve but here is a promise I am making

What is it with working online that is so great … the possibility of flexible hours, working on cutting edge technlology projects, meeting thousands of people spread across the globe ???

frustrated at working online

That of course does happen but at what cost to your sanity?

I have met some amazing people online, that is a fact, but I have also met some real assholes and snakes too. From unfilled promises, to downright abuse of trust is the tip of the iceberg.

I vow this; if I ever get to the point where any one of my ventures gives me enough capital to hangup my coding gloves, I will do it big time. 

By this I mean, I will delete all my social media accounts, terminate my online phone numbers, terminate all my website domains, terminate all my hosting accounts, close my Skype account etc etc… You get the picture.

I will then go live away from it all, next to a beach or lake and say goodbye to the 'new era of technology'. Maybe it is coming sooner that I could hope for.

If you believe that my message is worth spreading, please use the share buttons if they show on this page.

Stephen Hodgkiss
Chief Engineer at MarketHive

markethive.com


Thieves target tourists in Ho Chi Minh City (Saigon)

Unfortunately, on 2 separate occasions this week, myself and my girlfriend have fallen foul of this. First time, 2 guys drove past the girlfriend and snatched her handbag .. luckily she was not hurt. She lost her phone, ATM cards and her Thai ID card. Second time, I was waiting outside a food takeaway place with my phone in my hand, waiting on an Uber taxi to turn up. A guy came from behind, snatched my phone and started running down the street. He then jumped on to his friends motorbike and sped off. I tried to give chase but fell over and grazed my hand.

The locals on both occasions just stood by and did nothing to help. If this happened in Thailand, they would have surely helped.

Ho Chi Minh City high crime rate

After more than 30 years of travelling the world to maybe 30 countries, this is first time I have experienced something like this. I do not feel safe and have cut my trip short and will return to Thailand in 2 days time.

My advice to others wanting to travel to Vietnam, is do not. There are plenty of other countries who are happy to take our tourist dollars without having to look over our shoulders 24/7.

Here is a quote from a government website: –

Despite the high crime rating for Ho Chi Minh City (HCMC), most visitors feel relatively safe. Random violent crime against foreigners is relatively rare, and the level of crime is comparable to other cities of a similar size throughout Asia. Visitors regularly fall victim to property crimes, which are usually non-confrontational crimes of opportunity. Pickpocketing, purse slashing, bag snatching, and the theft of valuables is a common occurrence, particularly in areas frequented by tourists and business travelers. Maintaining an extremely high level of 360 degree situational awareness and alertness is critical to reduce the likelihood of becoming a victim of petty street crime.

Theft by motor scooter is a popular modus operandi wherein thieves grab bags/purses from victims while speeding by. This approach can cause serious injury to victims if they are unable to quickly release themselves from the straps of the bag, leaving them to be dragged by the motor scooter at high speeds. Carrying bags on the arm opposite the road and walking away from the edge of the curb can discourage potential motor scooter thieves. Smart phones, particularly iPhones and Androids, are very popular with thieves and are snatched out of victims’ hands by passing motor scooter thieves.

….End Quote….

Please share and make others aware the dangers of this country. I do not think I will ever come back.

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