Latest news with #Morehead
Yahoo
4 days ago
- Business
- Yahoo
Why crypto OG Dan Morehead believes investors should look beyond Bitcoin
When Dan Morehead—featured guest on the latest episode of Fortune's Crypto Playbook podcast—first started digging into Bitcoin in 2013, he decided to leave behind his long career in traditional finance and throw all his chips into the world of cryptocurrencies. A former trader at Goldman Sachs and Tiger Management, Morehead felt that Bitcoin represented a financial revolution—and his bet paid off. Since Morehead first purchased Bitcoin for under $100, the price has erupted to well over $100,000—thanks in part to all of his former colleagues on Wall Street piling into the once-renegade asset. But unlike many of those who came to the currency early, Morehead is not a 'Bitcoin maxi' who shuns other coins. Rather, he has used his investment firm, Pantera Capital, to back many other crypto projects, including prominent ones like Ripple Labs and Solana. In doing so, Morehead has ridden the industry's success to over $4 billion in assets under management. In his interview on Crypto Playbook, Morehead made the case for investing in other blockchains and projects. 'There isn't just one internet company, right?' he said. 'That's the way I think of blockchain.' Bitcoin vs. the rest Among cryptocurrencies, Bitcoin still remains king, with a market cap of over $2 trillion. Ethereum, the second largest, has a market cap of just $435 billion. But investors like Morehead argue that, despite its dominance, Bitcoin's use cases remain more limited, especially as proponents continue to push for decentralized financial applications like payments and lending. Other blockchains, such as Ethereum and Solana, offer advantages that Bitcoin does not, including speed, programmability, and lower transaction fees. While other crypto assets may not have Bitcoin's 'escape velocity,' as Morehead puts it, they do have upside as different use cases continue to evolve. 'I think it is very important for people to be invested in this space, but do it sensibly,' he said. 'Don't do more than you could afford to lose, and as long as you can hold it.' 'In 20 years, everybody will have crypto,' he added. Despite the explosion in crypto prices, few projects have been able to achieve the mainstream success of Bitcoin, which is still mostly limited to a store of speculative value. While Pantera has invested in a variety of fields, like on-chain gaming, none have achieved the status of 'killer app' or widespread adoption. Morehead pointed to stablecoins, a type of dollar-backed cryptocurrency, as a potential breakthrough for the broader industry, especially as banks and Big Tech companies explore the field. 'They're essentially the Trojan horse of crypto,' he said. 'As more and more corporations start including stablecoins, it'll just bring more people into the blockchain ecosystem.' Listen to the entire vodcast here. You can also find Morehead's interview—and future episodes of the Crypto Playbook—on Spotify, Apple, and YouTube. This story was originally featured on Sign in to access your portfolio
Fox News
6 days ago
- Politics
- Fox News
ICE places detainer on illegal immigrant facing charges for allegedly killing teen: 'Evil crimes'
EXCLUSIVE: Immigration and Customs Enforcement lodged a detainer against an illegal immigrant who allegedly murdered a 15-year-old and attempted to rape the child's mother. Gildardo Amandor-Martinez, 36, attempted to rape his girlfriend, Aleida Lopez, in Morehead, Kentucky, on Sunday, at their apartment, then allegedly bit her left hand, armpit, and hurt her arm. While trying to protect his mother, the 15-year-old, Luis Lopez, was allegedly shot three times by Amandor-Martinez. The suspect then proceeded to assault Lopez's daughter, also a minor, with a firearm, according to Fox 56. The outlet reported that he's been charged with murder, first-degree assault, and first-degree attempted rape. He attempted to enter the United States three times before successfully doing so in 2021 at the southern border, but managed to enter the U.S. as a "gotaway" at an unspecified time and location, according to the Department of Homeland Security. During the Biden administration, there were hundreds of thousands of "known gotaways" by federal immigration authorities, including 670,674 in fiscal year 2023 alone. "15-year-old Luis Lopez died trying to save his mother from this criminal illegal alien who was attempting to rape her. Gildardo Amandor-Martinez is a rapist and cold-blooded killer who should have never been in this country," DHS Assistant Secretary Tricia McLaughlin said in a statement. "The Biden administration's open-border policies allowed this monster to walk American streets and commit these evil crimes, including murder, assault, and attempted rape, against a mother and her children. ICE has placed an arrest detainer to ensure Amandor-Martinez will not be released onto America's streets and allowed to terrorize American families again," McLaughlin added. Rowan County Senior High School mourned the loss of Lopez in a statement posted to Facebook. "We are saddened to lose one of our own today. Luis was a sweet child who worked hard to do his best everyday at school," the post stated. "We extend our deepest sympathies to everyone that loved Luis. Even though it is summertime, if a student or adult needs any assistance, our office is open each day from 8:00 to 3:00 this week where you can reach out." DHS says detainers are used to prevent the release of an individual behind bars before they can be transferred into the custody of federal authorities. Jenny Frazier, communications director for the city of Morehead, told Fox News that the city is working with "state and federal partners" in the ongoing investigation. "While it does remain an active investigation, we are pretty much directing all those specific questions concerning ICE to ICE themselves, but there is the decision on the detainer that is just at the discretion of the federal level. So the city of Moorhead is not involved with any of the enforcement," she added.
CTV News
23-06-2025
- Politics
- CTV News
Clerk who denied same-sex marriage licences in 2015 is still fighting Supreme Court's ruling
Rowan County Clerk Kim Davis, right, talks with David Moore following her office's refusal to issue marriage licenses at the Rowan County Courthouse in Morehead, Ky., on Sept. 1 2015. (AP Photo/Timothy D. Easley, File) The Kentucky county clerk who became known around the world for her opposition to the U.S. Supreme Court's 2015 ruling that legalized same-sex marriage is still arguing in court that it should be overturned. Kim Davis became a cultural lightning rod 10 years ago, bringing national media and conservative religious leaders to eastern Kentucky as she continued for weeks to deny the licenses. She later met Pope Francis in Rome and was parodied on 'Saturday Night Live.' Kim Davis denied marriage licenses to same-sex couples Davis began denying marriage licenses to same-sex couples after the Supreme Court's landmark ruling in Obergefell v. Hodges on June 26, 2015. Videos of a same-sex couple arguing with Davis in the clerk's office over their denial of a license drew national attention to her office. She defied court orders to issue the licenses until a federal judge jailed her for contempt of court in September 2015. Davis was released after her staff issued the licenses on her behalf but removed her name from the form. The Kentucky Legislature later enacted a law removing the names of all county clerks from state marriage licenses. Davis cited her Christian faith Davis said her faith forbade her from what she saw as an endorsement of same-sex marriage. Faith leaders and conservative political leaders including former Arkansas Gov. Mike Huckabee and then-Kentucky Gov. Matt Bevin rallied to her cause. After her release from jail, Davis addressed the media, saying that issuing same-sex marriage licenses 'would be conflicting with God's definition of marriage as a union between one man and one woman. This would be an act of disobedience to my God.' Davis declined a request for an interview from The Associated Press for this story. A man who was denied a license ran for her office In 2018, one of the men who had confronted Davis over her defiance ran for her office. David Ermold said he believed people in Rowan County were sick of Davis and wanted to move on. When he went to file his papers for the Democratic primary, Davis, a Republican, was there in her capacity as clerk to sign him up. Sitting across a desk from each other, the cordial meeting contrasted the first time they met three years earlier. Both candidates lost; Ermold in the primary and Davis in the general election. She has not returned to politics. 10 years later, Davis wants the Supreme Court to reconsider same-sex marriage Davis' lawyers are attempting again to get her case before the Supreme Court, after the high court declined to hear an appeal from her in 2020. A federal judge has ordered Davis to pay a total of US$360,000 in damages and attorney fees to Ermold and his partner. Davis lost a bid in March to have her appeal of that ruling heard by a federal appeals court, but she will appeal again to the Supreme Court. Her attorney, Mat Staver of the Liberty Counsel, said the goal is affirm Davis' constitutional rights and 'overturn Obergefell.' Dylan Lovan, The Associated Press
Yahoo
14-05-2025
- Business
- Yahoo
Pantera's Dan Morehead Sees Decades of Bitcoin Upside Ahead
Bitcoin's (BTC) long-term potential remains largely untapped, according to Dan Morehead, founder and CEO of Pantera Capital, who took the Mainstage at Consensus 2025 in Toronto on Wednesday. 'There are a couple more decades to go of outsized returns in bitcoin,' Morehead told the audience, underscoring Pantera's ongoing conviction in the asset class. Morehead offered a rare look into Pantera's performance metrics, noting that the firm has turned a profit on 86% of its portfolio companies. Pantera has also invested in 22 startups that have gone on to achieve 'unicorn' status with valuations exceeding $1 billion. To capture opportunities in a fast-evolving landscape, Morehead recommended investors adopt a broad-based approach. 'We advise investing in a wide spectrum of tokens and venture equity,' he said. On the same panel at Consensus, Dan Tapiero, founder and CEO of 10T and 1RT, shared a sobering view on deal flow and valuations. 'In this space, founders think they should be raising capital at 50 to 70 times revenue,' Tapiero said, calling the expectations 'unrealistic.' Tapiero said his firm passed on approximately 200 investment opportunities in recent years, including some companies they genuinely liked. 'We automatically passed on a lot of these deals because the price was just too high,' he noted. Among those they declined? FTX, Celsius, and BlockFi, all three of which later collapsed amid scandals and market turmoil. Morehead also addressed the increasingly international nature of crypto activity. 'Ninety percent of crypto trading and protocols are based outside the U.S.—which isn't right,' he said. He blamed regulatory inertia for the exodus but expressed optimism that change is underway. 'The election win was a huge unlock,' Morehead said, referring to recent U.S. political shifts. 'We're coming back to what should have been, the last 6 to 8 years was a weird anomaly.' He hopes the coming years will see capital and innovation flow back into the U.S. crypto Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Sign in to access your portfolio
Yahoo
09-05-2025
- Yahoo
Machetes used in wooded-area hunt for Rowan County fugitive
MOREHEAD, Ky. (FOX 56) — New information was released on Friday about a fugitive who escaped from custody in Rowan County. The Morehead Police Department issued a public safety alert around 5:45 a.m. Tuesday, May 6, saying 35-year-old Anthony Martinez escaped from the U.K. Saint Claire Hospital in Morehead. In a Facebook post Friday morning, the Rowan County Sheriff's Office said Martinez was wanted for bank robbery and other charges. Reportedly, the police department received information on Thursday that Martinez may have been in a densely wooded area near Triplett Creek. They used machetes to cut their way through and spotted Martinez, giving him commands to get on the ground, the sheriff's office said. RELATED | Possibly dangerous Kentucky fugitive who escaped hospital arrested Martinez reportedly ran directly into an officer, and at one point, he was able to slip one handcuff from his wrist and assaulted the officer, telling him he was going to kill him. Other officers tried to get control of Martinez, but he continued fighting back, attempting to grab their weapons and pushing officers, ending up in the cold water of Triplett Creek. 'This suspect was approximately 6′ 2″, weighing approximately 240 pounds, and willing to do anything, including killing police officers, to keep from being returned to jail. I can only imagine what he may have done if he had encountered an unarmed resident,' Rowan County Sheriff's Office said on Facebook. Nicholasville nonprofit gets a helping hand for a day of service Machetes used in wooded-area hunt for Rowan County fugitive Kentucky education leaders push back as federal mental health grants for schools face cuts In the sheriff's office call said that, despite what the news release from the Morehead Police Department would make you think, the arrest wasn't normal. 'So now that you know 'The rest of the story,' if you see one of the officers involved in this arrest, do exactly what I did, say thank you! Thank you for going above and beyond, thank you for putting your life on the line to make sure a dangerous fugitive is back where he belongs!' the Rowan County Sheriff's Office said. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
