Andreessen Horowitz raises $515m for crypto fund / Ex-Trump advisor thinks COVID will boost digital payments / Crypto Masterclass

Inside Cryptocurrency .

Inside.com Part of   Network April 30, 2020

Dear subscribers, Happy Thursday! For those who'd like to sign up to Inside Crypto Premium, we're offering 50 percent off for our first 50 new subscribers. To take advantage, simply use promo code Crypto50 when signing up, which you can do here. Here's what you'll get: Full access to content five days a week, with an ad-free experience. Q&As with crypto experts, such as this interview with Ray Youssef, CEO and co-founder of Paxful. The latest studies and reports on crypto, including our own in-depth analysis. Our daily Masterclass with leaders from the crypto space giving their views on market conditions. Click here to upgrade to premium! Stay healthy, stay safe, Rebecca

Market Watch Bitcoin is dominating the market during Thursday trading as it gets within striking distance of hitting $9,000 ahead of its upcoming block reward halving event next month. Can it reach over $9,000 before the end of the week? Bitcoin $8,966 +10.99% Ethereum $215 +3.93% XRP $0.221 +2.32% Tether $1.00 +0.54% Top 100 Winner: Siacoin $0.002 +29.14% Top 100 Loser: Unibright $0.326 -11.28% Prices are as of 2:00 p.m. ET.

Andreessen Horowitz raised $515 million for a crypto fund. The Silicon Valley venture capital company raised $65 million more than originally expected... To read the full story and others in this newsletter, sign up to Inside Crypto Premium. To sweeten the deal, we're offering our first 50 new subscribers 50 percent off on monthly plans. Simply use the code Crypto50 when signing up. Click here to upgrade to premium! SUBSCRIBE NOW TO FIND OUT MORE

A former Trump advisor thinks COVID-19 will boost move to digital currency. An ex-director of the U.S. National Economic Council, said that the coronavirus pandemic is giving digital currencies a "gigantic boost"... To find out more, sign up for Inside Crypto Premium. To sweeten the deal, we're offering our first 50 new subscribers 50 percent off on monthly plans. Simply use the code Crypto50. Click here to upgrade to premium! SUBSCRIBE NOW TO FIND OUT MORE

Throwback Thursday: When the SEC issued a warning about Bitcoin investments. Our weekly Throwback Thursday feature takes a look back at the most newsworthy items in the crypto space over the last decade. On May 7, 2014, the U.S. Securities and Exchange Commission (SEC) issued a warning to investors regarding Bitcoin and other crypto-related investments. The SEC said that the rise in virtual and digital currencies was creating new concerns for investors. It noted that new products, such as Bitcoin, have the potential to involve "fraud and high-risk investment opportunities," with investors promised of high returns in, what was still, a new investment space at the time. The notice followed an Investor Alert from the SEC, which pointed out how Ponzi schemes could use cryptocurrencies. A few of the potential warning signs that the SEC highlighted included guaranteed high investment returns, unsolicited offers, unlicensed sellers, sounding too good to be true, and a pressure to buy straight away. Since then, the market has matured to a certain extent; however, there have been several crypto-related scams along the way, so the SEC wasn't far off the mark. SEC

Crypto Masterclass, featuring Erick Pinos. Our Crypto Masterclass feature showcases a well-known thought leader or expert in the crypto space, including their visions and advice for the future. "The concept of Bitcoin as a safe haven during a global recession is one that has long been touted by industry players." In Pinos' view, the current market downturn hasn't resulted in investors turning to Bitcoin; however, at this stage of the crisis, he thinks it's unsurprising. Continuing, Pinos says that it's still early days for the economic downturn, as it is for Bitcoin. As Bitcoin has never lived through... To find out more of Pinos' views and receive our Masterclass every day, sign up for Inside Crypto Premium. To sweeten the deal, we're offering our first 50 new subscribers 50 percent off on monthly plans. Simply use the code Crypto50. Click here to upgrade to premium! SUBSCRIBE NOW TO FIND OUT MORE

Venture capitalist says there's been no reason to hold Bitcoin SV. Chris Burniske, a partner at crypto-venture firm Placeholder Capital, said that there's never been a "compelling reason" to hold Bitcoin Satoshi's Vision (BSV). He added that he didn't believe the asset would be a commonly used or transformable asset. In a later tweet, he continued by saying that the main idea of BSV is flawed because no one can reliably prove who, or what, Satoshi is. Notably, just yesterday, an annual report from Bitcoin SV’s The Bitcoin Association claimed that BSV rivals Visa for transactions per second, in addition to offering "better returns" to miners than Bitcoin. CBURNISKE/TWITTER

Block.one issues $50,000 into blockchain-based COVID-19 testing. The grant has been issued to Genobank.io, a blockchain organization that is creating an open-source app for secure COVID-19 testing. At the end of March, Genobank said that work on its Agerona app had started to address the global health crisis. Genobank.io noted that it had partnered with the Telos Foundation and that the results will be stored on the Telos blockchain. The app connects users anonymously with test suppliers located in their country. It will also have an experimental feature that enables users to record a sound clip of their cough and submit it for a pre-test of the virus. EOS

This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three.  Editor Beth Duckett is a former news and investigative reporter for The Arizona Republic who has written for USA Today and other publications.

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