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Yale University invests in cryptocurrency fund: An indicator for the beginning of institutional involvement?

Priyamvada Singh

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Yale University invests in cryptocurrency fund: An indicator for the beginning of institutional involvement?
Source: Pixabay

On 5th October, Yale University, the high-end Ivy league school was reported to have made a huge investment in a cryptocurrency fund called Paradigm. The fund was started by Fred Eshram, the Co-founder of the biggest cryptocurrency exchange Coinbase and Matt Huang, the former partner at Sequoia Capital.

The fund is reported to have raised about $400 million with the contribution of the Yale University, said a source with adequate knowledge on the subject. Furthermore, Yale is estimated to possess an endowment of $30 billion and is now counted among the large investors in the cryptocurrency space. However, there are no reports on how much investment was made by the institution.

According to experts, this is considered to be the next big thing in the cryptocurrency space as the members of the crypto-verse have been waiting on a Bitcoin ETF that may ensure the involvement of institutional funds into the crypto-market. The reason why not many institutional investors are inclined to put their money into cryptocurrency funds is due to a lack of regulatory framework and an infrastructure to guard investor interests in the digital asset class.



A Redditor named BarkingThought commented on the news and wrote:

“This is actually huge news. It signals to other large and prestigious institutions that crypto is “ok” to invest in and there is no longer reputational risk in doing so.”

Mizzymax, another Reddit user and a cryptocurrency space enthusiast also said:

“Remember when crypto was thought to only be used for illegal criminal activity. Haha! Yea those days are gone”





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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.

Altcoins

Bitcoin SV [BSV] gets hit with another reorg as multiple blocks get orphaned, including a 128 MB block

Akash Anand

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Bitcoin SV [BSV] gets hit with another reorg as multiple blocks get orphaned, including a 128 MB block
Source: Pixabay

Bitcoin SV [BSV] and its proponents have been making headlines over the past couple of weeks, either due to developments or because of comments made by its major proponents, Craig Wright, the chief scientist at nChain, and Calvin Ayre.

The network was also hit with several members of the cryptocurrency community alleging that the cryptocurrency itself is a sham without any use cases, as evidenced by its delisting on several popular cryptocurrency exchanges like Binance, Kraken and Shapeshift.

The latest news added salt to BSV’s wounds after it was revealed that the network went through another blockchain reorganization on a 128 MB block. This fact was pointed out by Nikita Zhavoronkov, the lead developer of Blockchair, who had tweeted:

“Whoops! $BSV has experienced yet another reorg, this time 6 (six!) consecutive blocks were orphaned (#578640–578645), this chain included a 128 MB block #578644 🤦‍♂️ The network was basically stuck for 1.5 hours, and this shows that even 6 confirmations are not enough.”

Orphaned blocks are valid blocks which are not part of the main chain. There are ways that they can occur naturally when two miners produce blocks at similar times or they can be a result of an attacker with enough hashing power using it for nefarious activities like reversing transactions.

A major reason why this reorg event made news was that a major 128 MB block was stuck in transaction, something that was not supposed to occur according to the initial claims made by the SV camp. Supporters of the cryptocurrency, however, have stated that despite being slower than promised, the transactions on the block settled faster than that on a Bitcoin Core block.



One supporter of BSV, mboyd1, tweeted:

“Orphaned blocks are a feature, not a bug”

To this tweet, Zyo, another cryptocurrency enthusiast replied:

“yes, but orphaning 6 blocks in a row is not good, that means that 6 confirmations is not safe. It’s a bug because the 100+ MB take way too long to propagate and validate. There is a reason why BCH doesn’t have [yet] 100+ MB blocks.”





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