Fortress is forming a Bitcoin fund

Details remain scarce, although there are some rumors that info could be revealed tonight at the Bitcoin New Year's Eve Bash down on Broad Street (yes, this is an actual thing). So what we are left with are some breadcrumbs:

Fortress earlier this year acquired Koru Ventures, a provider of patent-backed loans to tech companies, in order to launch an IP finance group. Among Koru's principals (and new Fortress employees) was Steven Waterhouse, the former chief technology officer of RPX Corp. (RPXC) whose LinkedIn profile yesterday said that he had just become a partner on an unnamed Bitcoin fund. After I sent Waterhouse an email requesting more info – and also placing a call with Fortress – the Bitcoin mention disappeared from his LinkedIn page (replaced only with "TBD").

My understanding, however, is that the Fortress effort will be something like an unlisted currency ETF (similar to Bitcoin Investment Trust), with Fortress also perhaps raising a separate vehicle to back Bitcoin-related startups. And there likely is some relationship to a new Bitcoin-related fund raised by Pantera Capital, a San Francisco-based hedge fund whose clients are known to include several Fortress executives.

Pantera founder Dan Morehead declined to discuss his Bitcoin efforts or relationship to Fortress – including if his effort and the Fortress fund were one in the same – but an SEC filing indicates that he already has raised around $150 million for Bitcoin vehicle, and Pantera recently participated in a VC round for crypto-currency payment network Ripple Labs. Moreover, calls to Pantera's main number are now met with a voicemail that only identifies the firm as "Pantera Bitcoin."

Comments

Google Authenticator, a formidable layer of protection to your account.

Google Authenticator is a free security app that can protect your accounts against password theft. It's easy to set up and can be used in a process called two-factor authentication (2FA) offered on popular social media services like Gmail, Facebook, Twitter, Instagram, etc. The app ( iOS / Android ) generates a random code used to verify your identity when you're logging into various services. The code can technically be sent to your phone via text message every time— but the Google Authenticator app provides an extra level of security. SMS-based 2FA has a known security flaw , and any devoted hacker can attempt to socially engineer an attack against your phone company. The Google Authenticator app eliminates the possibility of an SMS-based attack using algorithms to generate the codes on your phone. Here's how to set it up: 1. Download Google Authenticator from either the Apple App Store or the Android Google Play store. It's free. 2. Nex...

Dangerous sex Positions For Men

The most common cause of pénile injury is found among the variety of potentially dangerous positions used for séxual intercourse. The most popular is the ‘woman-on-top’. This type of position can result in an impact between the pénis against the female pelvis or perineum that can easily traumatize the pénile cylinders. A pénis becomes érect when the lining of the cylinder within it is engorged with blood. A pénis fracture can occur when there is trauma to the eréct pénis, resulting in a rupture of the cylinder lining. This very painful injury is often accompanied by an abrupt, distressing cracking noise that is immediately followed by dark bruising of the pénis due to blood escaping the cylinder. In ten to 30% of pénis fractures, the urethra is damaged and blood may be visible at the urinary opening. Given these signs, an injury should be relatively simple to diagnose, right? You would be surprised, even with the unsettling sounds of a fracture occurring, many men...

Floyd Mayweather Baby Mama Sues for $20 Mil ... He's a Despicable Liar

Floyd Mayweather could lose tens of millions of dollars from his big payday if his baby mama gets her way ... because she's just filed a lawsuit claiming he ruined her with lies to save his own ass. Josie Harris, who has 3 kids with Floyd, claims he lied through his teeth in an interview with Katie Couric just 2 weeks before the big fight ... when he claimed Josie was in a drug-fueled rage and he had to "restrain" her during their infamous 2010 domestic violence incident. Point of fact ... Floyd was convicted of domestic violence and spent two months in jail. Josie recounts her terror in the lawsuit, explaining how she and Floyd had broken up ... but he flew into a jealous rage that night, broke into her home and viciously attacked her while she was sleeping on her couch ... and her kids saw part of the beating. Harris says she is now labeled a drug addict thanks to Mayweather's lies -- and was embarrassed and humiliated on a global scale. Her lawyer, Dan Friedl...

Information is Wealth.

Search This Blog