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 »
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 »
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 »
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 »
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 »
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 »
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 »
On Monday, the New York State Department of Financial Services (NYDFS) announced that it has approved financial services provider Square Inc.’s application for a BitLicense, making it the ninth company to hold the virtual currency license or charter. The BitLicense allows Square’s Cash App to start offering BTC trading to its New York-based customers. Square,… Read More »
EON Foundation, the blockchain games startup and publisher of the Crypto Alpaca crypto-pet game, announced Thursday that it had secured $5M in seed funding for the development of its distributed blockchain video gaming platform. The funding was led by Cherubic Ventures, Wei Guo (partner of UpHonest Capital) and Feng Li (an early investor in Ripple… Read More »
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 »
