Blockchain Bites: Avanti's New Money, DeFi Deepens and 'How Much Ether?'

Aug 12, 2020 at 16:41 UTC.Caitlin Long speaks at Invest 2018.Caitlin Long has a new take on money.

'Cash equivalent'CoinDesk's Nathan DiCamillo breaks down how Avanti Financial intends to issue its programmable cash equivalent called Avit.

The asset manager raised $190 million for the NYDIG Institutional Bitcoin Fund LP in July and $140 million for a Bitcoin Yield Enhancement Fund the month before.

It's first, the Bitcoin Fund, launched in July 2019 with six investors who invested a total of $1.45 million at the time.

The agency is seeking to reduce anonymity in crypto transfers through an artificial intelligence-based system for blockchain analysis, according to a letter from Rosfinmonitoring to Russia's Minister of Digital Development and Communications, cited by RBK. The project could cost more than $10 million to develop.

A prototype for the project, dubbed "Transparent Blockchain," has already been developed by the Lebedev Physical Institute based on the Bitcoin blockchain.

Jill Carlson, co-founder of the Open Money Initiative, teases out the similarities between the latest Robinhood Rally and the last bitcoin bull market in her latest CoinDesk column.

CoinDesk's Will Foxley investigates ether's supply after a debate between Ethereum and Bitcoin advocates sprung up last week.

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