Boston blockchain analytics company Coin Metrics has completed a $6 million Series A funding round, according to a March 26 report from The Block. The successful round was led by Highland Capital Partners and several other investors, including Coinbase, Fidelity, Dragonfly Capital, and Digital Currency Group.
Blockstack has announced that its SEC-approved token offering closed on September 9, after raising a total of $23 million. Blockstack co-founder and CEO Muneeb Ali announced the news in a recent blog post that thanked the thousands of investors who participated in the sale:
London-based blockchain analytics company Elliptic has reportedly raised $23 million in funding, CNBC reports. On Wednesday, the company announced that it would use the funds to further expand into the Asian market and add support for new digital currencies like the Line Corporation’s Link, Facebook’s Libra, and central bank digital currencies.
Social messaging app company Telegram plans to launch its new Gram digital currency by the end of October, the New York Times reported on August 27. The firm has reportedly told investors that the first coins will be issued sometime in the next two months. That’s according to three investors who spoke with the Times anonymously, due to nondisclosure agreements.
A new survey from digital currency asset management firm Greyscale Investments found that 36% of retail investors in the United States expressed interest in Bitcoin as an investment. The Bitcoin: 2019 Investment Study was conducted by the Q8 financial market research firm and offered insight into the “profiles and demographics of investors interested in the digital currency.”
Bitcoin’s price rallied by about 10 percent during the last 24 hours, and once again surpassed the $8,000 mark to settle on a press-time price of $8,201. That rally came after a chaotic week that saw prices push to around $8.300 before dropping about $1,000 in less than an hour. That drop was reportedly triggered by a large-volume sale on Bitstamp and subsequent panic selling by crypto traders.
Coinbase has added support for Stellar Lumens (XLM) on Coinbase Pro, as it continues its previously announced plans to support more digital assets on its platforms. Coinbase Pro customers can now trade XLM in all of the company’s supported jurisdictions except the state of New York.
Liechtenstein-based Bank Frick announced this week that it will launch a new crypto token trading platform called DLT Markets. The subsidiary will provide institutional investors with a regulated platform offering “multi-exchange access” to digital asset trading, according to a February 20 press release.
U.S. firm Morgan Creek Digital’s new $40 million investment fund has attracted investment from two Fairfax County, Virginia pension plans, according to a February 12 report from Bloomberg. In a statement, the company noted that the fund’s investors also include “an insurance company, a university endowment, and a private foundation.”
The University of Kansas has announced it is receiving a $2 Million donation from Ripple to fund cryptocurrency and payment system research. The company committed to donating $400,000 per year over a five-year period, with funds earmarked for the university’s Kansas School of Engineering information and Telecommunication Technology Center.
The Initial Coin Offering (ICO) has been a fundamental part of crypto startups since their rise in popularity during 2017 and was largely responsible for the subsequent cryptocurrency bubble. Startups or projects creating new currencies, services or apps launch an ICO to attract investors with an established digital token (Ethereum, Bitcoin etc.) and in exchange investors receive new tokens that they generally believe will provide a future return on their investment. This is roughly the equivalent of mainstream commerce’s Initial Public Offering (IPO) as a way of raising investment capital, except ICO tokens issued by blockchain businesses allowed access to the startup’s product or service, rather than representing any claim of ownership in the venture.
The Chinese government’s efforts to rein in the cryptocurrency phenomenon within China has been ongoing for many months now, but a new survey from PANews suggests that the crackdown has done little to deter the Chinese people’s interest in digital currency. The survey collected 4,200 valid questionnaires from nearly 5,000 respondents, and revealed that many Chinese still have cryptocurrency on their minds.
Bitcoin payment processor, OpenNode announced Dec. 18 that the company has secured seed funding, with participation of Tim Draper.
DNotes Global, Inc. today announced the release of DNotes Bot, a trading bot designed to assist cryptocurrency exchange traders by providing automated trading for buy and sell orders.
Emergent cryptocurrency exchange ErisX has secured $27.5 million in Series B funding from investors including stock exchange NASDAQ and brokerage giant Fidelity investments, according to a Dec. 4 report by Reuters.
Overstock shares have soared 26% on the news that the company plans to sell its retail business to make way for a forward-looking bet on blockchain.
DNotesEDU has announced the release of its Global Digital Currency Industry Insight Report, a 45-page examination of the cryptocurrency industry that covers a broad range of blockchain and crypto-related technologies, trends, and potential risks.
“What everyone got really excited about was, hey, I can publish a paper and people will send me money.” — J. R. Willet, the creator of the first ICO.
This is a fascinating and revolutionary concept: pitch your product idea to the community, and if they like it, they’ll send you money to get your private business or decentralized application off the ground.
But an idea itself is worth very little. How an idea works in practice is of much greater importance. Unfortunately, this evaluation paints a story of scams, incompetence, recklessness, and greed.
Singapore based digital asset exchange Kucoin has completed a $20 million Series A funding round with participation from IDG Capital, Matrix Partners and Neo Global Capital, according to a November 14 post to the company’s website.
SIX Swiss Exchange has received approval from Swiss regulators to list the world’s first multiple-cryptocurrency exchange-traded product, Amun Crypto ETP, according to a report from the Financial Times. The ETP will reportedly include five major cryptocurrency assets: Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple.