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

Pantera recently made a follow-on investment into ErisX, a licensed institutional-grade digital asset trading and custody solution that was incubated by DRW. ErisX raised a series B round led by Valor Equity Partners. Other notable investors include DRW, CTC Group, Virtu Getco, Vy Capital, and DCG.

A lack of fully regulated exchanges with prior experience operating in traditional capital markets has been an impediment to many institutional investors seeking cryptocurrency exposure. Inflows of institutional capital will help drive adoption of digital assets and further legitimize crypto as a new asset class. ErisX will provide the transparent, compliant, and robust infrastructure that institutional investors have been waiting for.

With in-depth experience delivering and operating a fully regulated market place, ErisX has entered into the digital asset space with a broad offering of both spot and futures contracts on one platform. ErisX has integrated digital asset products and technology into reliable, compliant and robust capital markets workflows. With a regulated, liquid and accessible offering, ErisX enhances the digital asset space for institutional and individual traders.

Digests

$100 Trillion - Multicoin Capital

Last Friday, Yale, the iconic long-term investor that other endowments look to for guidance, made a historic investment in two funds dedicated to crypto, signaling to many that institutional floodgates are officially open.

The Best Privacy Coins

In this article, we’ll walk you through our recommendations for the best privacy coins and how to use them safely and anonymously.

In the Tweets

Peter Brandt

@PeterLBrandt

I am old enough to remember the 1929 US bank closures. 😉😉 There will be a day when the banks (many crypto exchanges) will be closed when traders want to withdraw tether. Being short tether anywhere close to $1 is a good trade.

6:53 AM - 15 Oct 2018

#BrotoshiMoku

@CarpeNoctom

So 15 Stable Coins walk into a bar...

9:57 AM - 15 Oct 2018

News

DocuSign Will Add Ethereum Blockchain Integration to Verify Signatures

DocuSign users will soon be able to connect to the Ethereum blockchain for signature verification, the company announced on Saturday.

French Grocery Chain Integrates IBM's Food Trust Blockchain

French Supermarket chain Carrefour has opted to integrate Food Trust, IBM’s tailored blockchain data system, as part of its supply chain.

GDPR is 'Kryptonite' to Google and Facebook, Brave Executive Tells EU

Brave Browser has described how a core principle of GDPR called “Purpose Limitation” can be used to prevent anti-competitive behavior by Google and Facebook.

Fidelity Launches Institutional Platform For Bitcoin And Ethereum

Fidelity Investments launches crypto platform for institutions.

Major Auction House Christie's to Integrate Blockchain Technology for Art Sales

Christie’s, a leading art business based in the United States is collaborating with Artory, a highly reputed independent digital registry for the art industry, to register the sales of artworks on the blockchain, according to a press release by Christie’s on October 11, 2018.

Sony Builds Digital Rights Management System on a Blockchain

Japanese electronics giant Sony has developed a new blockchain-based digital rights management system that may see commercial rollout.

Regulations

Secret SEC investigation into ICOs puts startups at risk

SEC widens its probe of ICO funded startups putting hundreds of companies at risk of being in non-compliance of security regulations.

Total Cryptocurency Exchange Ban Unnecessary: Hong Kong Regulator

The outgoing chairman of Hong Kong’s securities regulator has – unlike China - ruled out a total ban on domestic cryptocurrency exchanges, suggesting formal regulations instead.

New Products and Hot Deals

Announcing Blockfolio’s $11.5M Series A Financing Round

At Blockfolio, we’re committed to connecting the crypto investors, token projects, and exchanges through data and information for the benefit of all. We began our journey back in 2014 as the first…

Blockchain Finance Startup Clearmatics Raises $12 Million in New Funding

Blockchain finance firm Clearmatics Technologies has raised over $12 million in a Series A funding round led by venture capital firm Route 66 Ventures.

Dragonfly Capital Partners scoops up $100 million for cryptocurrency investments

Dragonfly Capital Partners has raised $100 million for its first fund to invest in cryptocurrency startups.

Startup Bringing Blockchain Privacy to Central Banks Wins $15 Million Funding

Blockchain startup Adhara, which boasts a stellar line-up of former banking innovators, has secured $15 million in new funding from Consensys, the ethereum design studio.

The Launch of the Liquid Network

We are excited to announce that the Liquid Network is now live. As the world’s first production Bitcoin sidechain, the Liquid Network provides fast, secure, …

Meet with Me

I will be traveling this fall for certain events, and to meet with investors. Let me know if you and your colleagues would like to meet in person.

Las Vegas, Money 2020 USA, October 21-24

Zurich, Crypto Summit, October 28-29

Prague, DevCon 4, October 30-November 2

Macau, Sora Summit, November 13

New York, Consensus Invest, November 27