Anthony Pompliano Says Institutional Investors Have Arrived, Plus Bitcoin, Ripple and XRP, Ethereum, Tron, Litecoin, Stellar, EOS, Cardano: Crypto News Flash


 
From a new round of institutional investments in Bitcoin and blockchain to the impending launch of Ethereum’s Constantinople upgrade, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

The founder of Morgan Creek Digital says institutions aren’t coming to crypto – they’re already here.

Anthony Pompliano says the crypto asset management firm successfully started a new fund that’s already raised $40 million from two public pensions, a university endowment, an insurance company, a hospital system and a private foundation. The fund will invest in companies focused on building blockchain solutions and hold a small percentage in cryptocurrencies like Bitcoin.

Pompliano told Bloomberg that smart money is not distracted by the bear market.

“There’s a belief in the institutional world that if the industry will be around for a long time, it will be very valuable. The smart money is not distracted by price but looks at the long-term trends, and believes they’re betting on innovation as a great way to deliver risk-mitigated returns.”

Ethereum

The man in charge of developer relations at the Ethereum Foundation says the platform’s Constantinople upgrade is a go for launch.

According to Hudson Jameson, the hard fork is on target and no further bugs have been discovered. The upgrade was delayed last month after security firm ChainSecurity reportedly discovered a critical bug at the last minute.

Ripple and XRP

Ripple met with Taiwanese lawmaker Karen Yu at its headquarters in San Francisco on Tuesday.

It’s part of Ripple’s push to introduce blockchain, XRP and digital assets at large to influential politicians and regulators around the world.

EOS

The block producer EOS Authority says a kind-hearted member of its community returned 103,000 EOS that was accidentally sent to the wrong wallet. The funds are worth about $306,940 at time of publishing, according to CoinGecko.

Litecoin

Litecoin founder Charlie Lee joined the latest episode of the Magical Crypto Friends Show. In this episode, Lee and the crew talk about fungibility, private transactions and more.

Stellar

Stellar co-founder Jed McCaleb will join a panel at IBM’s Think 2019 to talk about how crypto assets can transform the payments industry.

The panel is set for Thursday at 8:30 a.m. at the Moscone Center in San Francisco.

Tron

The Ethereum-based game Crypto Dungeons is being ported over to the Tron network. The project is being funded through Tron’s game investment arm, Tron Arcade.

Cardano

Cardano founder Charles Hoskinson says his platform is just getting started.

In a new speech, Hoskinson talks about the history and potential of blockchain and cryptocurrency, and says he met a camel herder in Mongolia who owns Bitcoin.

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