Pantera Capital to Raise $125M

Closing funding round with $175M target amount is scheduled for March
22 February 2019   811

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.

BNC to Monitor BTC Community's Mood

The system called Twitter Sentiment analyzes over 34M BTC-related Twitter posts each week, using AI to track the mood of the community
22 January 2020   69

Blockchain-based New Zealand-based research firm Brave New Coin (BNC) has unveiled a new system for measuring the mood of the Bitcoin community based on Twitter messages.

According to BNC, the new Twitter Sentiment rating system analyzes over 34 million BTC-related Twitter posts each week. The company uses artificial intelligence (AI) algorithms that look for records containing the words bitcoin, $ BTC and BTC and others.

BNC notes that user sentiment continues to be a “significant” factor in the price and dynamics of digital assets, and a new technique has been developed to track these sentiments. According to the BNC, it took 18 months to launch the Bitcoin Twitter Sentiment. The data obtained is divided into seven categories - Opinion, Technical Information, Inside the Network, Advertising, Bots, Macros and Hacking.

For the week ending January 17, the most common entries were in the Opinion category - their number was 30.42% of all data received. In second place was the category Technical Information, and in third inside the network (includes information on mining and hashrate).

BNC spokeswoman Pierre Ansaldi said that during the first quarter of this year, the company will also launch community sentiment analysis tools for other crypto assets.