"Scam" of the Savedroid ICO to be a "Joke"

Looks like not all members of cryptocurrency community liked such a humour 
19 April 2018   724

The German Savedroid cryptocurrency project, which raised about $ 50 million at the ICO and bid farewell to investors this Wednesday, announced that its scam report is a joke that was organized, apparently, to promote a new product.

In the video,Hankir said that the ICO sphere is full of scammers, and scam is everywhere. Yesterday Savedroid showed investors how easy even a well-regulated start-up can hide with their money. According to CEO Savedroid, the current situation threatens the future success of cryptocurrency start-ups and requires active action.

Savedroid is ready to share their knowledge with regulators and authorities to make a difference, says Khankir. In addition, Savedroid launches 2 of its own services. The first of these will be an easy-to-use and free list of items for the ICO, which will allow "in just a few minutes to evaluate any ICO and take a weighted investment decision." The second product is a paid service for the organizers of ICO, which will allow them to develop a campaign that meets the requirements of the list from the first paragraph.

User's reaction to the "joke"
User's reaction to the "joke"

The community did not approve such a way to promote new services and attacked Hankir and his team on Twitter and Telegram.

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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.