Tech investor Tim Draper, whose recent re-entry to India’s market was prompted by Prime Minister Narendra Modi’s promise to crackdown on corruption, nevertheless criticized India’s negative stance on cryptocurrencies during an interview with The Economic Times published yesterday, April 6. Draper had returned to the Indian market in February 2017 - having exited it in 2016 due to a perceived lack of “rule of law” prompting Draper Fisher Jurvetson to sell their entire Indian portfolio - when the Mumbai-based startup backer Blume Ventures joined the Draper Venture Network. India’s central bank had announced on April 5 that they would no …

A number of news publications, as well as Tim Draper, were trolled Friday by someone claiming to be the ‘real’ Satoshi Nakamoto. After a number of attempts to document his identity as Satoshi via private keys, the fake Satoshi cut off communication. After some research, it was clear that the statements were made in order to pump a new altсoin. The fake Satoshi continued to mention the Blockchain platform, and even produced some interesting documents including emails to and from Satoshi. However, the emails have been publicly available, and though difficult to find, did not prove the caller’s identity. Both …

Tezos, the Tim Draper-backed Blockchain technology company, has announced that it will be using $50 mln of the funds raised during its ICO to start a new VC fund dedicated to financing companies building on its ledger platform. According to the announcement: “The innovation and growth of the ecosystem is the top priority of the Tezos Foundation.” Ethereum fears allayed? There had been great concern over what Tezos would do with the record-setting funds raised by its ICO, with many suggesting that they would dump the ETH onto the market, causing price collapses. Drokzid, the alt coin buyer on Twitter …

“Self-amending cryptographic ledger” Tezos has raised almost $200 mln in the first two days of its ICO. The uncapped sale of its Tezzies (TEZ) tokens will continue through July 12. At press time Monday, contributions had reached 42,600 BTC ($104.3 mln) and 184,700 ETH ($51.2 mln) for a combined total of around $155.5 mln. The lack of hard cap means Tezos could easily end up being the largest ICO ever once it closes in ten days’ time. The project had garnered tremendous interest from the cryptocurrency community and beyond, thanks in part to support and bullish sentiment from celebrated investor …