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VeradiVerdict - Bakkt - Issue #19

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Hi, I am Paul Veradittakit, a Partner at Pantera Capital, one of the oldest and largest institutional
 
January 8 · Issue #19 · View online
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.
If you were forwarded this email, you can click here to subscribe.

Editorials
Pantera was recently part of a massive announcement from Bakkt that the company has raised $182.5m in its first round of financing.
Bakkt is a cryptocurrency company started by the executives of ICE (Intercontinental Exchange), the parent company of the NYSE (New York Stock Exchange). ICE has had a track record of launching and running successful exchanges, including the largest stock exchange in the US. Bakkt will be initially launching a futures contract with physical settlement of Bitcoin. Eventually, the company will target custody and retail solutions for cryptocurrencies.
One of the most common questions I’ve received recently was about the investment thesis for this investment. One of our theses is investing into infrastructure that will allow for institutional investors to come into the space in a big way. Bakkt checks a few of the boxes that institutions will appreciate: experienced team, licensing (CFTC approval in process), and brand. The company is also focused on derivatives, custody/security, and other products that will expand the investor base for the ecosystem.
Digests
Crypto Theses for 2019 – Arjun Balaji – Medium
Crypto Corner: 2019 Crypto Watch List – Trading Technologies – Medium
What Trends are Ahead for Crypto Industry in 2019? | CoinSpeaker
News
Weed Industry Crypto Paragon Coin Gains 9,690%, Growth Concentrated on One Market - NullTX
Bitcoin Transaction Fees Hit Three-Year Low as Lightning Network, SegWit Help BTC Scale
Major Exchanges Fail to Prove Their Readiness for 'Proof of Keys' Movement | CoinSpeaker
In the Tweets
Gemini
Today, we ran a full-page ad in the @nytimes outlining what we think the cryptocurrency revolution needs to succeed. Revolutions that build sets of rules to ensure a better future, are the ones that last. https://t.co/RrMH5vgSbM https://t.co/oa83xgd26u
1:01 PM - 7 Jan 2019
Send DM in Crypto!
Israeli Exchange to Launch Crypto Payments API Service for Local Businesses There is a new option on the way for Israeli companies that wish to accept orders from cryptocurrency users while they keep managing their books in fiat. A local bitcoin ex https://t.co/3bA4U6m6su https://t.co/gf1k62BcvU
8:42 AM - 7 Jan 2019
until1mil
I am the gift that keeps on giving. #bitcoin #cryptocurrency #bitmex https://t.co/jJfTvvvA02
7:02 AM - 7 Jan 2019
Regulations
7 Legal Questions That Will Define Blockchain in 2019 - CoinDesk
Japan's Financial Regulator May Approve Crypto ETFs: Report - CoinDesk
Crypto Regulation: Where We've Been And Where We're Going
New Products and Hot Deals
Netflix of Blockchain: MTonomy Brings Streaming Video to Ethereum
The Ethereum Constantinople Fork will be Supported by Binance, OKEx, and Houbi - Blockchain Technology - Altcoin Buzz
Bakkt Raises a Whopping $182 Million Funds for Further Expansion | CoinSpeaker
Meet with Me
Los Angeles, January 11th
San Francisco, niTron Conference, January 17th - 18th
San Mateo, Grin Conference, January 28th
Palo Alto, Stanford Blockchain Conference, January 30th - February 1st

Let me know if you are in the area and would like to meetup.
Additional Info
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