Crypto Markets News from John Lothian News – June 26, 2018

Jeff Bergstrom

Jeff Bergstrom

CIO

Andreessen Horowitz Launches $300 Million Crypto Fund Co-Led By Its First Female General Partner
Alex Konrad – Forbes
Andreessen Horowitz announced on Monday that it had hired Kathryn Haun as a general partner and one of the two lead investors of a16z crypto, a new $300 million fund that will invest in cryptocurrency companies, coins and protocols. Chris Dixon, the firm’s longtime crypto-focused investor behind Coinbase and Polychain Capital, is the other leader of the new fund.
/jlne.ws/2K8x0pz

Robinhood: Sovereign nations will make crypto their default currency
JP Mangalindan – Yahoo Finance
Cryptocurrencies are the future.
That’s what Robinhood co-CEO Baiju Bhatt believes, so much so that sovereign nations will one day make cryptocurrencies their default currencies.
“I think it’s inevitable, whether that happens next year or in the next 15 years,” Bhatt told Yahoo Finance earlier this month at its live All Markets Summit: Crypto in San Francisco.
/yhoo.it/2KmvqzW

Crypto Influencers Pump Up Markets With $105,000-a-Pop Tweets
Justina Lee – Bloomberg
By day, Paul Angus is an engineer. But by night, he’s Cryptonomatron: a producer of hot takes on the latest initial coin offerings who has more than 8,000 subscribers on YouTube. The 43-year-old Scot’s online alter-ego is mostly a labor of love, yet it sometimes comes with an added perk: payment in digital tokens.
/bloom.bg/2KhHW3N

Chinese Police Arrest Crypto Miner for Power Theft
Madeline Meng Shi – Coindesk
Authorities in China have arrested a man for allegedly stealing a significant amount of power in order to fuel a clandestine cryptocurrency mine.
/jlne.ws/2KlxLLs

Big changes may be coming to Robinhood’s crypto platform, and market experts say Coinbase should be worried
Frank Chaparro – Business Insider
Robinhood, the California broker known for pioneering free stock-trading, is looking to dive deeper into the market for digital currencies. And Coinbase, one of the largest platforms for crypto trading, should be worried, market observers tell Business Insider.
/jlne.ws/2KbXR46

Galaxy, the crypto-bank founded by Mike Novogratz, is investing hundreds of millions of dollars in projects that’ll lure Wall Street to bitcoin
Frank Chaparro – Business Insider
Michael Novogratz’s merchant bank Galaxy Digital has access to hundreds of millions of dollars to invest in crypto companies; Its venture arm is eyeing companies that are building infrastructure solutions to lure Wall Street to the market for digital coins.
Famed hedge funder-turned-crypto enthusiast Mike Novogratz launched merchant bank Galaxy Digital earlier this year and its venture capital arm is already hard at work.
/jlne.ws/2yFYRZ8

LSEG’s former strategy chief backs crypto startup exchange; David Lester, who was with LSEG for 16 years, has joined Archax as the startup launches its institutional-grade cryptocurrency exchange.
Hayley McDowell – The Trade
A London-based cryptocurrency exchange targeting institutional investors has been backed by the former chief strategy officer at the London Stock Exchange Group (LSEG).
/jlne.ws/2KnGzjT

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