Posts in category

Venture Capital


The developers of the Algorand blockchain protocol have raised $4 million in seed funding. The funding support came from venture capital firms Pillar and Union Square Ventures, the startup behind the protocol announced today. Algorand constitutes a digital currency and transaction platform, with its underlying protocol co-authored by MIT professor and Turing Award winner Silvio Micali. As …

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Comcast Ventures isn’t just investing in blockchain startups – it’s investing in blockchain startups that invest in blockchain startups, with some very specific goals in mind. The firm last month joined IBM and Boldstart Ventures in backing accelerator mState, which invests in startups building enterprise blockchain solutions. Further, Comcast Ventures revealed to CoinDesk a recent …

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Julio Faura is the head of blockchain research and development at Santander. Much is being written these days about the need to regulate initial coin offerings (ICOs) and – to the extent possible – access to cryptocurrencies. With close to $350 billion in (theoretical) market value, cryptocurrencies have started to hit the mainstream, and it …

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A blockchain project based in Switzerland has raised $61 million from a group of investors that includes venture capital giant Andreessen Horowitz and token hedge fund Polychain Capital. Announcing the news this morning, DFINITY Stiftung said the funding would go toward development of its blockchain protocol, aimed to support a public decentralized cloud computing platform. …

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Blockchain Capital announced today that bitcoin developer Jimmy Song has joined the company as a venture partner. With his expertise around cryptocurrency technology, Song’s addition is aimed to provide technical assistance to the firm’s investment research efforts, as well as build bridges between Blockchain Capital and crypto developers, according to a press release. He will …

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Digital money platform Uphold today announced it has received a $57.5 million investment from former Fed Reserve senior analyst and Ripple chief risk officer Greg Kidd. Kidd, who will join Uphold’s board of directors, will also help fund the creation of a research and development arm, to be called Uphold Labs, through his investment vehicle …

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Ledger, the France-based maker of hardware cryptocurrency wallets, has raised $75 million in Series B funding. According to an announcement today, the new round was led by the U.K.-headquartered investor Draper Esprit, and also included Draper Venture Network, FirstMark Capital, Cathay Innovation, and Korelya Capital. Existing investors such as CapHorn Invest, GDTRE and Digital Currency …

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Founders Fund, the Silicon Valley venture capital firm known for its early investment in Facebook, is stepping into the world of cryptocurrencies, according to a new report. Co-founded by high-profile investor Peter Thiel and based in San Francisco, Founders Fund has bought $15 million to $20 million worth of bitcoin across several of its recent …

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BitGo, the maker of multi-signature cryptocurrency wallets for enterprises, has closed a $42.5 million Series B funding round in a sign that demand has at last arrived for institutional-grade services in the market. Led by Valor Equity Partners with participation from Bill Lee and David Sacks, the round of venture capital brings BitGo’s total funding …

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Bitcoin’s recent – and eye-popping – price movements above $12,000 have some observers saying the market is in bubble territory. While he’s not ruling it out entirely, Naval Ravikant, the co-founder of AngelList, holds a less alarmist view. “Money is a bubble that never pops,” he said at yesterday’s Token Summit II in San Francisco, adding: “It’s …

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Olaf Carlson-Wee, the founder and CEO of blockchain-focused hedge fund Polychain Capital, has said that bitcoin is a “breakthrough” technology, and perhaps bigger than the internet. Speaking with Bloomberg’s Emily Chang, Carlson said that opening up new cryptocurrency-based financial products that will allow a “massive wall of institutional money” to bet against bitcoin prices for the first …

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. What separates a real-deal token from a scam? A new wave of tech enthusiasts is asking that question as tokens rack up big gains and take over market discussions. And it’s certainly not one with an easy answer – …

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. What separates a real-deal token from a scam? A new wave of tech enthusiasts is asking that question as tokens rack up big gains and take over market discussions. And it’s certainly not one with an easy answer – …

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Blockchain startup Libra has raised $7.8 million in a new Series A funding round, the company announced today. The financial resources came from a group of investors which included an unnamed family office based in Europe. Also contributing to the round, according to Libra, was seed-stage VC firm Liberty City Ventures, cryptocurrency market maker XBTO …

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Some of the most notable names in venture capital are backing the idea cryptocurrencies could one day power a truly private internet. Announced today, Andreessen Horowitz, Blockchain Capital, Compound VC, Crunchfund and Danhua, along with Draper Fisher Jurvetson, MetaStable, Polychain Capital, Sequoia and Struck Capital are revealing a $4.7 million investment in a new startup …

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