Pantera Capital to Raise $125M

Closing funding round with $175M target amount is scheduled for March
22 February 2019   609

The company Pantera Capital has attracted $ 125 million investment for the opening of a venture fund focused on the blockchain and cryptocurrency, CoinDesk reported.

Closing funding round is scheduled for March. The target amount of the project is $ 175 million and, therefore, the company has already managed to collect most of the funds.

According to representatives of Pantera Capital, the company held negotiations with a multitude of investors, including institutionalists, endowments and pension funds.

The new fund plans to support from 30 to 50 companies. The previously created two Pantera Capital funds have so far invested a total of 44 projects.

Among the priority investment areas of Pantera Capital are custodial solutions, stock exchanges, asset management, institutional tools and infrastructure.

Pantera Capital takes part in the capital of the Bakkt cryptocurrency platform, service for institutional investors Staked, startups Synthetic Minds and Blockfolio.

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram
04 July 2019   958

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”