Posts in category

Startups


Orchid Labs is raising $125 million in a SAFT sale, filings from the Securities and Exchange Commission (SEC) reveal. According to a Form D published on April 20, Orchid has raised roughly $36.1 million out of a planned $125.59 million. Per the Form D filing, 42 investors have taken part in the sale of SAFTs …

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For over two years, Coinbase users in Wyoming have been unable access their cryptocurrency. “I’d venture to guess I lost $100,000 to this bullshit law,” one resident complained on Reddit. It was out of the blue, too, when in June 2015 the U.S.-based exchange suddenly suspended services for Wyoming residents. This was after state regulators …

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In bid to reduce carbon emissions, a group of Japanese technology and energy firms is launching a pilot project aimed to allow consumers in rural areas to trade renewable energy over a blockchain-based platform. Scheduled to start in June this year and endorsed by Japan’s Ministry of the Environment, the project will be supervised by …

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Building enterprise blockchains can be a pain in the neck. Since the technology is so new, much of its underlying infrastructure isn’t yet stable or automated, and as such, it demands that developers spend time rebuilding. The executives of Elemential know that headache well, and as such, are using their company to simplify the process …

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In the Lord of the Rings trilogy, “mithril” is a rare, indestructible metal whose beauty never tarnishes; in the real world, however, it’s the name of three different blockchain projects, all of which are trying to score pop culture points with investors. It’s of little surprise that the name has proven so hot in the …

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Blockchain-based, equity fundraising platform Neufund, whose technology allows tokenization of shares and fundraising on the blockchain, is announcing that it will establish a strong presence in Malta and support Malta’s rapidly expanding blockchain ecosystem. Neufund, a startup headquartered in Berlin, is the latest of many blockchain companies that have established a presence in the Mediterranean …

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Cryptocurrency exchange Coinbase hired a new chief financial officer. Alesia Haas, the former CFO at Oz Management and OneWest Bank, will take on the role at Coinbase effective immediately, the company said in a blog post on Tuesday. At the same time, Haas is set to assist Oz with the transition through June 1. Coinbase’s president …

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Cryptocurrency exchange Coinbase is buying Earn.com, a social network that allows users to earn digital currency by replying to emails and completing small tasks online. Coinbase CEO Brian Armstrong made the announcement in a blog post today, April 16, 2018. In addition to welcoming the entire Earn.com team, Coinbase has made Earn.com co-founder and CEO …

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“If you or your engineer friend is bored at BigTechCo, get in touch.” The tweet, sent out by Coinbase vice president and general manager Dan Romero, represented a rare request from the San Francisco-based exchange. Despite building on various cryptocurrency protocols for years, it was perhaps the first time the company had signaled it would …

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Coinbase always seemed destined to add litecoin. Even amidst an early sea of competing cryptocurrencies cloned from the bitcoin codebase, litecoin had secured a special place. Early adopters used it as a way to extend bitcoin gains and test out the tech, while effective marketing attracted mainstream interest (even without the technology offering much in the …

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Austin-based blockchain-as-a-service company Factom is partnering with FPT Software, an IT services company stationed in Vietnam. The two enterprises will work with each other to develop a new blockchain technology platform through Factom Harmony — a system that creates audit records regarding data, decisions, activities and events. The purpose of the platform is to digitize …

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Blockchain security company BitGo’s chief technology officer announced he was stepping down Friday afternoon. Starting next week, the startup’s co-founder Ben Davenport will no longer have a full-time position at the company, though he will remain as an advisor, he said in a statement. He said he intends to spend some time with his family …

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At a time when concerns over how big companies like Facebook, LinkedIn and Google are handling our data continue to grow, two blockchain-based apps have joined forces to offer productivity tools that give you full control over your own data. Graphite Docs, a decentralized alternative to Google G-suite, has integrated with decentralized messaging app Stealthy, …

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The fintech arm of Germany’s second-largest stock exchange is set to launch a cryptocurrency trading app later this year. Sowa Labs, a subsidiary of Börse Stuttgart, unveiled the app on Friday, which it said would be available for use in September and will initially offer trading support for bitcoin, ether, XRP and litecoin. According to the …

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Cryptocurrency startup Carbon has raised $2 million in seed funding, the company revealed to CoinDesk, Thursday. Investors in the round include General Catalyst, Digital Currency Group, FirstMark Capital, Plug and Play Ventures and The Fund. Carbon did not disclose its valuation. The investment round brings the project a step closer to launching a dollar-pegged cryptocurrency …

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Abra is a bitcoin-powered investment and payments app that first came to light at Launch Festival 2015 where it won the top prize at the event. The app uses bitcoin and litecoin smart contracts to represent the value of practically any fiat currency along with 20 crypto assets in the user’s wallet, where the user …

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After two years in development, one of Ethereum’s earliest initial coin offering (ICO) projects has finally launched on the Ethereum mainnet. The Brass Beta version of Golem went live today, April 10, 2018, the project announced on its website. On November 11, 2016, Golem raised 820,000 ether — worth $8 million at the time — …

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Cryptocurrency investment management startup CoinTracker has raised $1.5 million in seed funding from some heavyweight investors, the firm announced on Tuesday. Backed by seed accelerator Y Combinator, the round was spearheaded by Initialized Capital – an early Coinbase investor that was in part established by Reddit co-founder Alexis Ohanian. Protocol Labs founder and FileCoin creator …

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“No one owns it, and no one uses it.” That’s how BlockTower Capital’s Ari Paul described bitcoin (and, really, cryptocurrency in general) multiple times during his keynote at PennBlockchain on Friday, the inaugural crypto conference by students at the University of Pennsylvania’s Wharton Business School. While it might not sound like it, Paul emphasized bitcoin’s …

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Blockchain startup Chainalysis has today announced a new real-time cryptocurrency compliance tool and a $16 million Series A investment from Benchmark Capital. Founded in 2014, Chainalysis provides cryptocurrency exchanges, international law enforcement agencies, and other clients with bitcoin transaction analysis software to help them comply with regulations, assess risk and identify illicit activity. Notably, the …

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