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Winklevoss Capital Invests in Vault12 That Offers ETH Rewards for Decentralized Backup of Crypto Assets

ByBit
  • Yuri Molchan
    📰 News

    Winklevoss Capital backs the Vault12 startup that has come up with a new crypto security solution, Twitter's Jack Dorsey invests in a token sales platform CoinList

Winklevoss Capital Invests in Vault12 That Offers ETH Rewards for Decentralized Backup of Crypto Assets
Cover image via www.123rf.com
Contents

The founders of the Gemini crypto exchange and the Winklevoss capital, the crypto twins, Tyler and Cameron Winklevoss, have taken part in the fundraising of a crypto startup Vault12. It enables users to safely store their digital assets on individual networks composed of so-called Guardians.

Among investors are also True Ventures, the founder of AngelList, Naval Ravikant, etc.

Meanwhile, the Twitter CEO, Jack Dorsey has also invested in a crypto startup CoinList after refusing to join the Libra Association.

The new system offers rewards in Ethereum (ETH)

The new solution is based on individual networks that consist of relatives or friends with a high level of trust. They are called Guardians. They receive incentives in ETH to help support these micro networks to ensure secure storage of digital currencies. The creators believe their new system to be much safer than traditional online wallets, crypto exchange vaults or even hardware wallets.

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Another crypto startup funded by a famous crypto CEO

The founder of the Twitter social media giant Jack Dorsey has also turned towards investing in crypto platforms. Recently, he has funded the CoinList token sales company, taking part in an investment round that brought the firm a substantial $10 mln.

Dorsey has been anti-Libra, saying that the real cryptocurrency of the Internet is Bitcoin.

 

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Is Classic Pump-and-Dump Scheme, Says Peter Schiff

ByBit
  • Alex Dovbnya
    📰 News

    Gold proponent Peter Schiff thinks that Bitcoin evaporating its 40 percent pump proves that it's a pump-and-dump scheme

Bitcoin Is Classic Pump-and-Dump Scheme, Says Peter Schiff
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

Euro Pacific Capital CEO Peter Schiff has come up with a new insult for Bitcoin, calling it "a classic pump-and-dump scheme."

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"You're being played"

Schiff continues to assert that Bitcoin's 40 percent pump on Oct. 25 was the result of price manipulations. The fact that Bitcoin's has completely trimmed these gains in just four weeks definitely flies in the face of bulls.

The gold bug explains that the pump was meant "to sucker in" momentum buyers to dump their bags later. This is supposed to be a wake-up call for all buyers.

Earlier, Schiff lambasted Bitcoin holders for not being able to see through the shenanigans of whales who are selling their coins on the verge of a major price.        

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Other bears are waking up 

Mark Dow, the trader who famously shorted Bitcoin at its current all-time high, recently resurfaced on Twitter with a succinct "Bitcoin is dying" tweet, which came in handy right on the verge of Bitcoin's drop to the $7,500 level.     

While some bulls might be tempted to dismiss Bitcoin price moves recorded on the lower time-frames as "noise," the long-term picture is also gloomy. As reported by U.Today, crypto market analyst Willy Woo opined that Bitcoin might not replicate the success of previous halvening cycles due to its unusual bearishness. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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