Pantera Capital To Launch New Institution-Focused Fund – January 27

๐Ÿ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:ย $30,985

Bitcoin price has fallen once again over the last 24 hours, currently heading towards support at $30,000.

Top-20 altcoins have also taken a small fall, with Ethereum falling over 4%, XRP dropping 3%, and Polkadot taking an 8% dive.

Top Stories for January 27, 2021 ๐Ÿ”ฅ

๐Ÿ‘‰ Pantera Capital To Launch New Institution-Focused Fund

Billion-dollar crypto fund manager Pantera Capital is reported to be launching a new fund to cater to institutional investors.

Pantera CEO Dan Morehead recently stated on a podcast interview that numerous new Wall Street players and endowments are entering the market.

The company already runs multiple cryptocurrency funds, including a Bitcoin-only fund and an ICO fund.

๐Ÿ‘‰ New Circle API Seamlessly Bridges USDC To Fiatย 

USD Coin (USDC) issuer Circle has released a new API which connects the USDC stablecoin to USD through an automated clearinghouse (ACH) system.

The API will enable a much easier transfer of US dollar funds between traditional banks and blockchains, with FTX looking to be the first cryptocurrency exchange to make the integration.

๐Ÿ‘‰ Ex-Goldman Sachs CEO Says Governments May Try To Shut Down Bitcoin

Lloyd Blankfein, former CEO at Goldman Sachs, has claimed that governments are likely to attempt to “shut-down” Bitcoin if the cryptocurrency ever grew to a substantial size.

He noted Bitcoin’s recent success, adding that if he was a regulator, he would be “hyperventilating” and and “arming” himself to handle it.