Blockchain
Empress Capital Announces Appointment of David Baxby and Prabhat Sethi
New South Wales, Australia–(Newsfile Corp. – October 20, 2022) – Empresscapital.vc, an artificial intelligence venture capital fund launched by Yash Varma, has announced the appointment of David Baxby and Prabhat Sethi to its advisory board.
Empress Capital Photo
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David Baxby has been the Managing Director of Wesfarmers, Chairman of Frontier Digital Ventures and Co-CEO of Virgin. Prabhat Sethi was the former managing director of Murdoch Media and is the current CEO of Crown Acquisitions. Mr Sethi was previously a director of CoreLogic.
Empress Capital is a venture fund backing early stage Australian & New Zealand Artificial Intelligence Companies.
Yash Varma said, “The appointment of David Baxby and Prabhat Sethi takes Empress Capital to a new level, helping us find the very best AI Companies in Australia and New Zealand for our investors. It is beyond doubt that an increasing number of emerging enterprises will focus on artificial intelligence to increase automation and become cost-efficient and we are at the coal-face of a new wave of AI companies rising to dominance.“
About Empress Capital
Empress Capital is a pioneer in artificial intelligence funding. The venture capital firm focuses on the Pre-Seed and Seed stage investments to help AI companies succeed beyond these necessary starting points, targeting 10x returns and payback of initial capital within a 10 year horizon.
Empress Capital will also be using profits from their funds to create Empress Foundation, a vehicle geared towards investing in non-profit organisations, equally providing them with the same commercial due diligence, access to funding and support to help them succeed. Philanthropy is central to Varma’s vision, but not at the expense of investor success.
Website: https://www.empresscapital.vc/
LinkedIn: https://www.linkedin.com/in/yashvarma/
Media Contact: Yash Varma, [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/141392
Blockchain
Ebang International Reports Financial Results for Fiscal Year 2023
Blockchain
FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
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Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
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