KODAKCoin to Accuse LBank of Fraud

As KODAKCoin says, LBank, a cryptocurrency exchange, based in Hong Kong, created a fake page of KODAKCoin ICO at its website
04 May 2018   189293

The representative of WENN Digital, the organizer of the ICO of KODAKCoin, accused the Hong Kong exchange LBank in "fraudulent behavior." The reason was the announcement of LBank about the conduct of the corresponding ICO on its site. This is reported by Coindesk.

As stated in the section of token-sale on the LBank page, ICO KODAKCoin allegedly starts on Friday, May 4, at 12:00 UTC and ends at the same time on May 11.

Fake KODAKCoin ICO Page
Fake KODAKCoin ICO Page

However, WENN Digital stated that this information does not correspond to reality.

It has come to our attention that more than one fraudulent websites have been promoting the sale of KODAKCoin. This information is neither authentic nor accurate. All factual information regarding the availability of an ICO to accredited investors will come directly from KODAKCoin and its authorized representatives. To clarify, WENN Digital is only offering the SAFTs and the underlying KODAKCoin in exempt transactions to 'accredited investors. Offers and sales of the SAFTs and the underlying KODAKCoin outside the United States will also be made in accordance with the laws and regulations of the relevant jurisdictions.

KODAKCoin Team

KODAKCoin ICO was planned for the end of January, but later it was postponed "for several weeks".

Previously, WENN Digital, the "crypto-currency" partner of KODAK, announced that the token will be held in the SAFT format ("Simple agreements for future tokens"), and only "accredited investors" will be able to participate in it. In addition, the coin is positioned as a utility token.

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Pantera Capital to Intend to Raise $175M for Crypto Fund

Whether the firm can achieve its funding goal is still unclear
16 August 2018   197

Pantera Capital intends to raise up to $ 175 million for its third venture fund, focused on the blockchain and cryptocurrencies, which marks significant progress against the background of the company's other two funds: the assets of the first of them are $ 13 million, the second - $ 25 million. This is reported by TechCrunch.

As reported, company's partner Paul Veradittakit says the target amount is a “function of how fast the space is moving, the talent coming in, the opportunities, and the sizing of rounds. With more interesting later-stage investments [on our radar], too, we want to be flexible and able to move with the market.”

Whether the firm can achieve its funding goal is still unclear. According to documents recently sent to the US Securities and Exchange Commission (SEC), it has already managed to raise more than $ 71 million with the participation of 90 investors. Veradittakit calls this event "the closing of the first transaction".

One of the company's new funds, which opened last year, has a hedge fund structure and focuses exclusively on the ICO. The founder of the company Dan Morehead said earlier that Pantera takes part in the first stages of such campaigns, "basically getting a discount to the ICO price by getting in early, when it’s just a team and a white paper."

The second fund of the company is engaged in investing in bitcoin and has managed to serve a large number of investors during its existence. According to Morhed's calculations, the fund, launched 5 years ago, demonstrated a return of 10 136%.

The last fund Pantera invests in cryptocurrencies, which are already traded on the exchanges. It uses machine learning for algorithmic investment and takes into account the views of the company's management when making investment decisions.