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Kenya to create a local cryptocurrency?

According to reports, Kenya’s blockchain & artificial intelligence taskforce has proposed a digital asset registry and a digital currency for the country citing that they can create trust. The taskforce’s chairman Bitange Ndemo asserts that the creation of a digital asset registry should come first followed by the digital currency. The digital asset registry will… Read More »

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Who are The VC Firms Behind Billion-Dollar Crypto Startups

The number of crypto organizations achieving the “unicorn” status — privately held start-up companies possessing a current valuation of $1 billion USD or more — has been increasing steadily due to the  dramatic rise in value of crypto currency. There are currently over 27 fintech unicorns worldwide with crypto platforms such as Robinhood, Revolut, and… Read More »

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Startups duo seeks €19m in ICO for crypto exchange

Two Irish entrepreneurs Joe Haslam and Conor O’Connor are seeking up to €19m in an initial coin offering, ahead of the launch next month of Local Token Exchange (LTE), a decentralised cryptocurrency exchange they have founded that makes it easier for people to trade various types of the digital currencies. The pair, who are based… Read More »

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Gift Card Startup zeexs raises $12 million from Sonic Zhang

Zeex, an offshoot of the Israeli gift card startup Zeek Mobile Ltd has secured  $12 million from Chinese entrepreneur Sonic Zhang. Zhang has committed to spending 25,000 ether, which is currently valued at about $12 million, to support  Zeex , saying he would become an early participant in Zeex’s upcoming cryptocurrency crowdsale. Zeek lets shoppers… Read More »

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Republic raises $12 million to Tokenize platform

Republic, a retail investment platform affiliated with AngelList, announces it has closed a $12M round to finance the tokenization of the Republic platform and the development of its own security token. The round was led by Binance Labs and NGC ECO Fund, with participation from East Chain Co, Oyster Ventures, FBG Capital, Hazoor Capital, ZK Capital, ZhenFund, and others. Republic… Read More »

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Startup Raises $600K to Build Bitcoin Cash Mobile Wallet

On Friday, blockchain startup CoinText.io that’s developing away to conduct offline bitcoin cash transactions, closed a $600,000 seed funding round. The funding round was led by Texas-based Yeoman’s Capital, which has previously invested in Fantom, OpenGarden and tZero. CoinText enables users to send Bitcoin Cash (BCH) to phone numbers or BCH addresses without Internet by providing… Read More »

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Korean crypto exchange Bithumb lost over $30M following a hack

Seoul-based virtual currency exchange Bithumb has been hacked and 35 billion won ($31.51 million) worth of virtual currency held at the exchange stolen, the exchange said on Wednesday. This is just a few weeks after another Korean crypto exchange Coinrail lost $40 million through an alleged hack. Bithumb said in a notice on its website that it… Read More »

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Singapore Startup Secures $12.3 Bln in Assets on Blockchain Platform

Singapore-based crypto-finance start-up FUSION has secured $12.3 billion in financial assets from three strategic partners that have committed to lock in those funds with the organization’s public blockchain platform Reuters reported June 1. The secured funds come from FormulA, Carnex, and KuaiLaiCai, three companies operating in asset management, car financing, and restaurant supply chain management,… Read More »

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