Rockefellers, Rothschilds, Soros buy up Bitcoin

Zerohedge.com reports: Their involvement is a sign that regulators around the world might be relaxing their stance toward crypto, as one prominent crypto entrepreneur and investors pointed out.

Now, the latest bold-faced investor to unveil plans to invest in the space is the Rockefeller family (the descendants of Standard Oil founder John Rockefeller). CoinTelegraph reports that the family’s venture capital fund has partnered with CoinFund to invest in “cryptocurrency and Blockchain business innovation”.

The news triggered a jump in crypto prices…

Sending bitcoin back above $7,000….

Here’s more, courtesy of CoinTelegraph.

Venrock, the official venture capital arm of the Rockefeller family, has partnered with crypto investment group Coinfund to support cryptocurrency and Blockchain business innovation, Fortune reported April 6.

Coinfund has recently added token-based financial services platform Coinlist, a spinoff of startup connection website AngelList, to the number of projects that it backs. Coinfund is also known for backing chat messenger app Kik, which raised almost $100 mln in the Initial Coin Offering (ICO) of its Kin token last fall. Fortune notes that Venrock and Coinfund met through their mutual investment in the live video streaming app maker YouNow.

When asked about Bitcoin’s (BTC) recent failure to strongly stay above $7,000, Venrock partner David Pakman told Fortune that the price of “a single currency over the next day, week, month, year” is not what they thought about when deciding to partner with a crypto investment group:

“We’re really patient long term investors […] we’re wondering what happens over the next five to ten years. Can we have fundamental change to a number of different markets because of a disturbed ledger, a token economy that all participants can take part in?”

According to an April 6 blog post by Pakman, cryptocurrency and Blockchain’s most important innovation is their creation of “the possibility of building sustainable decentralized computing platforms, services and apps”, writing:

“It may finally be possible to build widely-distributed networks without centralized trust or control, and to allow user consensus to govern their future […] In this scenario, ‘commodity’ applications like messaging, social media and application infrastructure like file storage and compute become very much like public utilities — and they are owned and governed by their participants. For many of us, this is the mission behind crypto.”

When asked by Fortune about the potential for scams running ICOs, specifically mentioning the recent news of the Centra-related arrests, Pakman referred to the crypto ecosystem as a “wild space up and down the whole stack,” with ICOs as “certainly one of the most wild spaces of it all.”

Pakman added that he supports regulations of the crypto sphere in order to clear out the “bad actors,” but that one needs to be careful not to “throw the baby out with the bathwater here”.

Pakman also noted that decentralized systems could eventually be a competitor to traditional venture capital fundraising, which he referred to as “effectively a gatekeeper industry” that he would “actually like to see undone”, adding:

“I don’t believe that a small group of people should make the decisions about which projects can raise some money and get off the ground.”

Coinfund co-founder Jake Brukhman told Fortune that Coinfund will be “working closely with [Venrock] to help mentor, advise, and support teams in the space.”

Major traditional investor George Soros, who had previously referred to Bitcoin as a “bubble,” will also reportedly be investing in cryptocurrencies, through the Soros Fund Management. In mid-February, Soros’s investment fund become the number three shareholder in Overstock, a retail company that accepts Bitcoin as payment and whose CEO Patrick Byrne is widely known for his pro-crypto stance.

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ALERT ALERT

GOP Activist Investigating Hillary Clinton’s Lost Emails
Found Dead — Apparent Suicide By Black Plastic Bag Republican activist Peter Smith was found dead in his hotel room in May 2017 in Rochester, Minnesota.

The hotel staff found Smith with a black plastic bag on his head. He was trying to obtain Hillary Clinton’s lost emails.

UPDATE: Mueller and Congressional investigators have interviewed Smith’s acquaintances several times. Our sources say there is much more to this story.

The Wall Street Journal reported:

Peter W. Smith, a Republican political activist and financier from Chicago who mounted an effort to obtain former Secretary of State Hillary Clinton’s emails from Russian hackers, died on May 14 after asphyxiating himself in a hotel room in Rochester, Minn., according to local authorities. He was 81 years old.

Mr. Smith’s body was found by a hotel clerk in the Aspen Suites hotel, located across the street from the Mayo Clinic, according to a Rochester Police Department report. An associate of Mr. Smith said that he had recently visited the clinic. A representative for the facility wouldn’t confirm if Mr. Smith was a patient.

Mr. Smith died about 10 days after an interview with The Wall Street Journal in which he recounted his attempts to acquire what he believed were thousands of emails stolen from Mrs. Clinton’s private email server. He implied that Lt. Gen. Michael Flynn, then serving as the senior national security adviser to presidential candidate Donald Trump, was aware of his efforts…

…The police report said Mr. Smith was found by a hotel clerk with a plastic bag around his head attached tightly with black rubber bands. Mr. Smith “left documentation on why he committed suicide, medical records, his written obituary, and life insurance” on a table in his room, the report said.

OMG

Massachusetts Man Arrested After Trying To Hire
A Hit Man On Twitter To Kill ICE Agents For $500

A 33-year-old lefty from Cambridge, Massachusetts named Brandon Ziobrowski was arrested Thursday after offering anyone on Twitter $500 to kill ICE agents.

Ziobrowski also expressed his desire to slit John McCain’s throat in several tweets.

FOX News reported:

A Massachusetts man was arrested in New York on Thursday after trying to hire a hit man on Twitter to kill ICE agents for $500 and sharing his desire to slit the throat of Sen. John McCain, federal officials said.

The U.S. Attorney’s Office for the District of Massachusetts said that Brandon Ziobrowski, 33, from Cambridge, Mass. was charged with one count of use of interstate and foreign commerce to transmit a threat and injure another person for the alleged Twitter posts this year.

Federal officials said Ziobrowski tweeted a murder for hire solicitation to kill Immigration and Customs Enforcement agents for $500, and repeatedly tweeted his desire to slit the throat of McCain, R-Ariz.

“The agents and officers out there enforcing federal laws are doing their job, plain and simple,” U.S. Attorney Andrew Lelling said at a news conference. “There is a difference between public debate and putting others in fear of their lives.”

Federal officials said Ziobrowski in March started tweeting threatening messages against federal agents that work for ICE.

On July 2, the 33-year-old allegedly tweeted: “I am broke but will scrounge and literally give $500 to anyone who kills ICE agent. @me seriously who else can pledge get in on this lets make this work.”

The Justice Department released a statement on the arrest of Ziobrowski:

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