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Venture Capital


EOS protocol maker Block.one has received new backing from a number of big-name investors, including PayPal co-founder Peter Thiel. In a fresh round of funding – the amount of which was not disclosed – Block.one, the company behind what has now become the fifth-most valuable cryptocurrency by market capitalization, has added Thiel, Bitmain and hedge fund …

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Billionaire investor Steven Cohen, once dubbed the “Hedge Fund King,” has reportedly entered the crypto space. According to a Fortune article published July 12, Cohen has invested in cryptocurrency-focused hedge fund Autonomous Partners through his VC firm Cohen Private Ventures. Autonomous Partners was founded last December by Arianna Simpson, a venture capitalist with a history in …

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A startup that is developing a protocol based on the ethereum blockchain to allow users to validate information across different datasets has raised $3 million in seed funding. Called DIRT, the San Francisco-based company said Wednesday that notable investment firms taking part in the round include Digital Currency Group, Pantera Capital, China-based Zhenfund and InBlockchain. Individual …

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Cloud computing startup Oasis Labs successfully raised $45 million in a private token pre-sale to develop a blockchain platform aimed to rival Amazon Web Services The sale, led by Andreessen Horowitz’s new “a16z” crypto fund, saw Accel, Binance, Pantera, Polychain, Metastable, Foundation Capital, Electric Capital, DCVC and Coinbase co-founder Fred Ehrsam all contribute, according to …

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A China-based venture capital firm focused on the blockchain industry is launching a U.S. branch with 200,000 ethereum available to invest in blockchain startups – an amount that worth $86 million at press time. According to a WeChat post published by the company, Node Capital, the plan was announced during an event in San Jose, California, …

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ConsenSys is launching Tachyon, the first ethereum-focused accelerator program in San Francisco, the firm announced Thursday. Starting in September, up to 15 projects will receive between $75,000 to $100,000 in investments, plus access to an eight-week program. According to the company, the new venue will feature everything from educational workshops to public demo days with …

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Crypto services company AlphaPoint successfully raised $15 million in its first major round of venture capital funding, the firm announced Thursday. AlphaPoint raised the funds through Mike Novogratz’s Galaxy Digital, the self-described cryptocurrency merchant bank. Chief executive Salil Donde said Galaxy Digital managing director Greg Wasserman is also joining his firm’s advisory board to provide …

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While the idea of a decentralized internet – commonly referred to as the Web 3.0 – seems attractive to many in the blockchain industry, creating an infrastructure to support it is at least one goal that needs to be completed first. It’s a challenge that Haja Networks is taking on with a new database protocol …

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Invented to democratize access to funding, it could be argued the crypto token hasn’t quite lived up to its goal. Already gone are the days when any investor could get access to the next big offering (most early issuances, it seems, are now catering to the same stable of Silicon Valley VCs). But one new project …

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Qulian Technology, a China-based blockchain platform developer, has announced the completion of a 1.5 billion Chinese yuan ($234 million) Series B funding round. According to an announcement from Qulian on Sunday, the news comes just a week after the deal’s lead investor Xinhu Zhongbao, a Shanghai-listed real estate and finance firm, first disclosed its plan …

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Blockchain startup Paxos has closed a $65 million Series B funding round led by existing investors including Liberty City Ventures, RRE Ventures and Jay Jordan. The firm, which rebranded from itBit in 2016, has now raised a total of $93 million to date, according to a release. Paxos said it aims to use the new funds to scale …

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China-based cryptocurrency wallet imToken announced Thursday that it has closed a $10 million Series A round fully funded by venture capital firm IDG Capital. Founded in 2016, imToken first entered the industry as a dedicated ethereum wallet service, but has since expanded to support a claimed 30,000-plus tokens, including “airdrops” and ICO issuances. The company …

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CLS, a U.S.-based forex settlement provider, has made a $5 million investment in enterprise blockchain startup R3. According to a press release, the newly inked deal will see CLS will take a place on R3’s board of directors. CLS aims to work in collaboration with other members of the consortium startup to explore how it can …

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ICOs, I don’t see results. That’s the growing complaint among investors who are passionate about blockchain technology but frustrated with a lack of tangible progress on professional risk management strategies across major token projects. “A lot of the projects that raise money, they’re not really reporting what they are spending it on,” said Meltem Demirors, …

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Supply chain management firm Tradeshift has announced plans to further expand into blockchain following a $250 million Series E funding round led by Goldman Sachs and PSP Investments. The round, which also saw HSBC, H14 and others participate, brings Tradeshift’s total funding to more than $400 million and values the firm at $1.1 billion, according to …

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U.S.-based mobile stock trading app Robinhood has announced a $363 million series D funding round that it says will allow the firm to expand its cryptocurrency trading service nationwide by end of 2018. According to a statement published on Thursday, the funding round values the firm at $5.6 billion and was led by DST Global, with …

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A blockchain without the blocks? Not exactly, but a company launching Wednesday called O(1) is seeking to take the unorthodox approach of throwing out the blocks its new Coda protocol produces as soon as they elapse. While that might seem illogical since blockchain’s immutable history is to many its principal benefit, an impressive line-up of investors …

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More money is being poured into crypto cats. Well, cats, and the slew of other non-fungible digital items made possible by new token standards, such as ethereum’s ERC-721, which now have a home in OpenSea, a marketplace for allowing users to buy and sell these items – an Ebay for CryptoKitties if you will. Coming …

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Zhao Changpeng, the CEO of popular crypto exchange Binance, said that the initial coin offering (ICO) model is preferred to venture capital – even with the risk of fraud. In a blog post published Monday entitled “ICOs — Not Just ‘Good-to-Have,’ But Necessary,” the Binance chief took aim at the VC world, notably writing that he …

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Founders Fund, the Silicon Valley venture capital firm known for its early investment in Facebook, has reportedly put money into a cryptocurrency startup that aims to optimize the bulk trading of cryptocurrencies. According to the Wall Street Journal on Tuesday, Founders Fund – co-founded by the high-profile investor Peter Thiel and based in San Francisco – …

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