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A top gambling tech company has patented a way for bitcoiners to pay for their next digital roll of the dice with cryptocurrency. International Game Technology Plc, which builds slots and other tech for casinos, has yet to reveal any plans to integrate bitcoin, bitcoin cash and ether into its tech. But its new patent...
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Seattle-based venture capital firm Bloccelerate closed a $12 million fund on Nov. 30 to bet on both enterprise blockchain adoption and Ethereum-based financial applications. The firm’s general partners, Kate Mitselmakher and Sam Yilmaz, told CoinDesk in a call the fund will allocate 80% of its equity investing in the infrastructures enabling enterprise adoption, with examples...
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Cryptocurrency firm Pantera Capital has raised $134 million for its bitcoin fund, according to a form D filing with the U.S. Securities and Exchange Commission. Formed in 2013, the Pantera Bitcoin Fund Ltd. was the first U.S.-based bitcoin fund. In an investor letter at the end of 2017, Pantera boasted a 25,004% return on the...
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Venture capitalist Tim Draper’s investment office Draper Goren Holm is sinking larger investments in virtual currency-only startups. Draper Goren Holm, a cryptocurrency investment firm in Los Angeles, told CoinDesk that it raised $25 million for its first venture capital fund to buffer its startup accelerator and back blockchain companies at higher investment valuations.  The venture...
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Prime Minister Narendra Modi has become the latest victim of a Twitter hack undertaken to trick social media users into sending cryptocurrency to the attackers. The Modi incident is another sobering reminder to always think twice before sending crypto to strangers on the internet, even if there’s a blue check and the portrait of a...
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Government departments have signed a memorandum of agreement that will kickstart work on the National Infrastructure Fund. An allocation of  R100-billion has been earmarked for the fund over a period of 10 years, with R10-billion already made available by the national treasury in the current medium-term expenditure framework baseline.  The memorandum was signed by Infrastructure...
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