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Andreessen Horowitz Opens School Focused on Crypto Startups

October 4, 2019

Venture capital firm Andreessen Horowitz is opening a school specializing in startups aiming to develop cryptocurrency-related projects.

Venture capital firm Andreessen Horowitz (a16z) is opening a school specializing in startups aiming to develop cryptocurrency-related projects.

Andreessen Horowitz unveiled its Crypto Startup School in an announcement on Oct. 3, saying that it intends to “encourage more tech entrepreneurs to start crypto projects and help crypto-curious builders navigate the idea maze.”

Referring to the so-termed idea maze, the company addressed the importance of good ideas for startups industry, which are eventually “well developed, multi-year plans that contemplate many possible paths according to how the world changes.”

Commenting on the initiative launch, Chris Dixon, a general partner at Andreessen Horowitz, told The Block that the school will be free of charge, adding:

“We are going to run a startup school for crypto-specific startups and what we’ve learned over the last seven years as best practices in this category.”

Blockchain and crypto in education

In recent months, an array of industry players have rolled out education-related initiatives. Most recently, privacy-centric computing network and app ecosystem Blockstack announced a partnership with skills-based online school Lambda School. Students enrolled in the program can reportedly now learn how to code Blockstack apps and earn monthly revenue through its App Mining Program.

Major global crypto exchange Binance introduced its new developer-focused project, called Binance X. The project will reportedly support developers and their initiatives by assisting in education and collaboration on Binance and connecting them with relevant internal programs that help projects progress at different stages of growth.

In late August, Coinbase shared research in which it used rankings from US News and World Report for its list of the top 50 universities. The analysis showed that 56% of the top 50 universities in the world offer one or more classes on cryptocurrency or blockchain tech.

ESET Flags New Latin American Banking Trojan That Targets Crypto

October 4, 2019

Major Slovakia-based antivirus software provider ESET has discovered a Latin American banking trojan that can steal crypto.

Major Slovakia-based antivirus software provider ESET has discovered a banking trojan that can steal cryptocurrencies and is especially widespread in Latin America.

Primary targets

Known as “Casbaneiro” or “Metamorfo,” the newly found malware family targets banks and cryptocurrency services located in Brazil and Mexico, ESET’s editorial arm WeLiveSecurity reports Oct. 3.

According to the report, Casbaneiro uses a social engineering execution method, which displays fake pop-up windows misleading potential victims to enter sensitive information. The capabilities of the malware are typical of Latin American banking trojans that can take screenshots and send them to command and control server, simulate keyboard actions and capture keystrokes as well as restrict access to websites and download and execute other tools, the report notes.

Stealing crypto via clipboard

Alongside banks, one of the major targets of Casbaneiro is cryptocurrency wallets. According to ESET, Casbaneiro is capable of monitoring the content of the clipboard and replacing the crypto wallets victims have copied with addresses belonging to the attacker.

As noted in the report, ESET has become aware of only one attacker’s wallet at the time of publication. Reportedly hardcoded in the binary code, the reported wallet has around 1.2 Bitcoin (BTC), worth $9,812 at press time with a total number of transactions amounting to 71, according to Blockchain.com.

Additionally, the newly discovered malware uses multiple cryptographic algorithms, with each one intending to protect a different type of data, the report says.

On Sept. 26, Amerian Internet infrastructure firm Juniper Networks warned users of a new spyware called Masad Clipper and Stealer, which reportedly uses the Telegram app to replace crypto addresses with its own.

Blockchain Firm Secures $5 Million From Investment Company Cosimo

October 4, 2019

Boston-based provider of high-performance blockchain solutions Oneiro secures a $5 million investment from Cosimo Ventures in a Series A funding round.

Oneiro, a blockchain solution company, secured a $5 million investment from Cosimo Ventures.

Total investment of $8 million

In an Oct. 3 press release, Boston-based provider of high-performance blockchain solutions Oneiro announced that it had secured a $5 million investment from Cosimo Ventures in a Series A funding round.

Cosimo Ventures is an investment firm involved in sectors including blockchain, cryptocurrencies and the Internet of Things.

Oneiro’s latest funding round brings the company’s total venture capital investment to $8 million. The company wrote that it plans to use those funds to provide additional services to clients, such as the Axiom Foundation, more efficiently. 

Cosimo Ventures and Oneiro previously joined forces to launch the unpegged digital currency, ndau, which the press release claims addresses certain pain points associated with other stablecoins. Cosimo Ventures managing partner Ciarán Hynes said:

“The Oneiro team has made significant progress this year, and these new funds will allow the team to further develop multiple blockchain technologies, extend into the crypto ecosystem, and accelerate the adoption and use of various blockchain applications, including digital virtual currencies such as ndau.”

Crypto hedge fund leads $5 million seed round

Cointelegraph recently reported that Pantera Capital led a $5 million strategic seed round of decentralized derivatives protocol Vega. The funding round included participants such as Ripple’s investment arm Xpring, Hashed, NGC Ventures, gumi Cryptos Capital, Rockaway Blockchain, KR1, Eden Block, Focus Labs and Greenfield One.

Apple’s No to Crypto as More Libra Partners Could Cave to Regulators

October 4, 2019

Apple has joined a fast-growing group of companies that are suddenly getting cold feet about all things cryptocurrency-related. The other crypto-cautious companies are reportedly some of Facebook’s biggest-name Libra partners: PayPal and Stripe, as well as Visa and Mastercard.
Reuters reports that Apple’s CEO Tim Cook stated that a Libra-like crypto-project

Indian Police Can’t Move Seized Crypto Due to India’s Anti-Crypto Law

October 4, 2019

Indian police have sought a court directive to move $1.2 million seized from a BTC ponzi scheme last year that has been frozen due to the country’s anti-crypto laws.

The police of Pune, a city in the western Indian state of Maharashtra, have sought a court’s directive to transfer 85 million Rupees seized from a Bitcoin (BTC) ponzi scheme last year.

$1.2 million frozen 

In an Oct. 3 article by the Times of India, Pune cyber police explained that the value of 244 cryptocurrency units (worth $1.2 million) was blocked in the bank account of company Discidium Internet, which was hired by the police to convert the seized crypto units into rupees.

The cyber police’s senior inspector Jairam Paygude said that the Central Bank of India was unable to transfer the money to the State Bank of India’s treasury branch in Pune as the account of Discidium Internet was frozen by the Reserve Bank of India (RBI).

Discidium Internet is challenging the validity of RBI’s order, which prohibits dealings in virtual currencies and has requested that the RBI instruct the Central Bank of India to unfreeze the account.

The district government pleader Ujjwala Pawar said that the police request to transfer the money is pending before the sessions court. 

Bitcoin ban and brain drain

Cointelegraph previously reported that the Indian draft “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019”, which proposes a 10-year prison sentence for anyone who “mines, generates, holds, sells, transfers, disposes of, issues or deals in cryptocurrencies,” is already prompting local crypto businesses to take preemptive measures. Rahul Jain said:

“As a startup from India, we always wanted to serve from India, but this recent complication has made it difficult for domestic crypto exchanges to operate their businesses in India. So, we are now an Estonia-based company, and any Indian law to criminalize crypto will not impact us.”

US Police Devices Firm Explores Blockchain to Fight Deepfake Videos

October 4, 2019

U.S. law enforcement technology manufacturer Axon Enterprise Inc. is exploring new data tracking technologies, including blockchain, for its new body cameras.

Leading technology manufacturer for United States law enforcement Axon Enterprise Inc. is exploring new data tracking technologies, including blockchain, for its body cameras.

Verifying police footage

The impetus behind Axon’s interest in emerging technologies is public and government concerns about “deepfake” videos, Reuters reported on Oct. 3. Deepfake videos are produced using a particular type of artificial intelligence (AI) making them look and sound like the real thing. 

This technology causes a great apprehension that bad actors can easily manipulate videos to discredit an individual. This is obviously of major concern for police wearing body cameras. Axon is looking into using blockchain to verify the authenticity of police body-cam footage.

In its new generation of cameras, Axon includes a secure digital signature to help track provenance of videos. “Axon recognizes the threat posed by ‘deepfakes’ to cause general mistrust in the integrity of any video, including body-worn camera videos,” Axon’s spokesperson told Reuters.

Blockchain and AI lead the way

Blockchain and AI are now widely used by enterprises to improve their internal processes and products. In a dedicated analysis for Cointelegraph, Julia Magas wrote that by being able to continuously analyze data under a strict protocol required for achieving desired results, AI leads the way by allowing data to be properly stratified and shared.

Blockchain lends its characteristics to make sure the data is handled in an environment that is safe from external interference, as well as tampering of data ownership and sequence.

On the government level, The European Union is increasing the amount of data that can be reused as raw material for AI and blockchain projects. Alexandru Petrescu, Romania’s minister for communications, said:

“These rules are a real enabler for artificial intelligence and will help Europe to become a world leader in this crucial area. They will bolster the EU digital industry, especially smaller companies and startups, which would not otherwise have access to all the data they need to innovate and expand.”

Verisart Raises $2.5M in Funding Round Led By EOS Venture Capital

October 4, 2019

Verisart, a company that certifies art authenticity through blockchain, raises $2.5 million to further expand its commercial platform.

Verisart, a company that certifies art authenticity through blockchain technology, has raised $2.5 million to further expand its commercial art platform.

Verify and track provenance of art

In an Oct. 3 article by Techcrunch, it was announced that Verisart raised $2.5 million in seed financing led by Galaxy Digital EOS Fund, alongside investment firms Sinai Ventures and Rhodium.

The funding will go toward expanding Verisart’s product and engineering team and will make it possible to launch a whole range of services aimed at artists, galleries and collectors. Verisart’s CEO Robert Norton said:

“With this new round of funding, we’re able to scale our business and ramp up our partnership integrations. The art world is quickly realizing that blockchain provides a new standard in provenance and record-keeping and we’re looking forward to extending these services to the industry.”

Verisart, which per the report is the first company to apply blockchain technology to the physical art and collectibles market, allows artists to create digital certificates that verify and track the provenance of a specific art piece as it gets stored on the Bitcoin blockchain. 

David Hockney paintings sold via blockchain

Cointelegraph reported in August that South Korean art-focused blockchain project ArtBloc  conducted a fractionalized ownership sale of two paintings by popular British painter David Hockney. ArtBloc introduced the blockchain-enabled fractionalized ownership sale of the David Hockney’s paintings in Seoul on Sept. 19.

BTC Surf expands its exclusive offer for its community

October 3, 2019

Disclaimer: The text below is a sponsored article. _________ If you have been in the world of cryptocurrencies for a long time, you should have experienced the evolution of the business models. In the initial phase, there were many business models linked to advertising. The already known “faucets”, and the PTCs (Paid To Click) were…
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Investment Firm Files Prospectus for New BTC Futures Fund With US SEC

October 3, 2019

Investment management company Stone Ridge is trying to register a new Bitcoin futures offering with the U.S. Securities and Exchange Commission. Investment management company Stone Ridge is trying to register a new Bitcoin (BTC) futures offering with the United States Securities and Exchange Commission (SEC). The new fund is called NYDIG Bitcoin Strategy Fund and…
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Coinbase Resumes Real-Time Payments in the UK

October 3, 2019

Coinbase’s institutional and retail customers in the UK should soon be able to make deposits or withdrawals in less than 60 seconds again, as the company has found a new banking partner. Zeeshan Feroz, the firm’s UK chief executive officer, confirmed to Bloomberg that the exchange resumes real-time payments in the UK. However, he did…
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