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Union Square Ventures expects to invest ‘around 30%’ of its new $250m fund in crypto industry

Union Square Ventures expects to invest ‘around 30%’ of its new $250m fund in crypto industry

Union Square Ventures is planning to allocate a notable segment of its new $250 million fund to the crypto sector.

The post Union Square Ventures expects to invest ‘around 30%’ of its new $250m fund in crypto industry appeared first on The Block.

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‘Coin Signals’ Trader Arrested on $5M Crypto Fund Fraud Charges

24-year-old Jeremy Spence bilked his investors of $5 million, according to a criminal complaint.

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Blockchain payment firm Wyre receives $5 million investment from Stellar Development Foundation

Today, the Stellar Development Foundation announced Tuesday that it invested $5 million in Wyre.

The post Blockchain payment firm Wyre receives $5 million investment from Stellar Development Foundation appeared first on The Block.

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Blockchain Bites: Universities Are Gaining Bitcoin Exposure as Institutional ETH Appetite Grows

Meanwhile, BoE Governor Andrew Bailey said crypto qua crypto fails as currency qua currency, though dissidents like Alexey Navalny might disagree.

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What Tether Means When It Says It’s ‘Regulated’

Representatives say the $25B stablecoin is “regulated” but the issuer doesn’t look like a financial institution bound by norms and laws.

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Crypto trader known as ‘Coin Signals’ charged in $5 million investment fraud case

Federal prosecutors have charged a Rhode Island-based cryptocurrency trader for defrauding investors out of $5 million in investments in a Ponzi-like scheme.

The post Crypto trader known as ‘Coin Signals’ charged in $5 million investment fraud case appeared first on The Block.

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Bitcoin News Roundup for Jan. 26, 2021

With bitcoin hovering around $32K for a fourth straight day and top Ivy League universities said to be accumulating crypto, CoinDesk’s Market’s Daily is back with the latest news roundup.

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State of Crypto: Unpacking the Trump Presidency’s Crypto Legacy

Donald Trump may have been anti-crypto but his appointed regulators ushered in a largely industry-friendly regime.

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Bitmain Co-Founder Exits, Resolving Years-Long Power Struggle as Mining Firm Preps IPO

Bitmain co-founder Jihan Wu is stepping down from his role as part of a settlement.

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Questions About Tether Just Won’t Go Away. Does the Crypto Market Care?

Is the price of bitcoin and other cryptocurrencies inflated because the backing of tether may not be as strong as people think it is?

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