Central Bank of Nigeria Blocks Fintech Startups From Accessing KYC Service— Decision Described as an ‘Attack on All Fintechs’

The Central Bank of Nigeria (CBN) has recently suspended the provision of the bank validation number (BVN) service to all fintech and third-party partners.

VC funds bullish on crypto, increase investment in blockchain startups

Funding for crypto and blockchain startups is not slowing in 2021 as VC funds appear keen to enjoy the exponential growth potential.

Prepare Your Crypto Startups as Binance is Shopping

Source: a screenshot, Instagram/binance Major crypto exchange Binance plans to do about three acquisitions every month, according to CEO Changpeng Zhao (aka CZ).

XELS launches Eco-conscious blockchain platform for Carbon Offset Credits

 XELS, one of the leading startups tackling climate change by increasing participation and transparency in carbon markets, is listing its eponymous XELS token on Bittrex Global on 8 April 2021.  The post XELS launches Eco-conscious blockchain platform for Carbon Offset Credits appeared first on AMBCrypto.

Blockchain and Crypto Startups Raise $2.6 Billion in Q1 of 2021— Figure Surpasses 2020 Total by $300 Million

According to data analysis firm, CB Insights, about $2.6 billion was raised by some 129 blockchain-focused start-ups during the first quarter of 2021.

Top 5 Evolving Cryptocurrency Startups That Are Revolutionizing The Future of Fintech

Tremendous evolution in cryptocurrency startups provides to be revolutionary in the Fintech industry now and in upcoming years.

Draper Goren Holm adds Tezos startups to its $25M venture fund

The Los Angeles-based venture fund plans to incubate startups building on the Tezos blockchain.

Expect More Crypto Startups to Get Bought Up by Big Tech: PwC

Institutional investors will continue to get involved in crypto, the Big Four firm said in a new report.

Ex-Coinbase Director Launches Crypto Fraud Prevention Startup Sardine

Led by Coinbase alum Soups Ranjan, Sardine aims to help crypto and fintech startups battle fraud.

Experts say new South Korean crypto rules will create a monopolized market

Blockchain industry members claim that smaller-scale startups have struggled to forge partnerships with local banks in South Korea and are therefore unable to register under regulators' new requirements. South Korea is heading into a new period for its crypto industry, with stringent new rules coming into effect on March 25 that will require all cryptocurrency businesses to comply with new crypto reporting regulations and registration rules. As an article from the Korea Herald outlines, industry experts fear that the impact of the new measures — specifically, the incoming Specific Financial Transactions Act — will have damaging consequences for most domestic cryptocurrency firms.

Do Bitcoin Ad Networks Actually Work? The $250 Experiment

Over the course of the last 10 years, the blockchain industry has grown and expanded into a fully-fledged behemoth, worth trillions of dollars, boasting corporations, medium-sized projects and newly founded startups.

Crypto.com becomes a principal member of the Visa network

Cryptocurrency exchange platform and card issuer Crypto.com has partnered with Visa and plans to debut fiat lending. Crypto.com is now the latest cryptocurrency exchange and payment service to join the Visa network. According to a press statement issued on Wednesday, Crypto.com has inked a global partnership with the credit/debit card payment giant which includes becoming a principal member of Visa’s network in Australia. As part of the press release, Crypto.com revealed that the collaboration with Visa was in line with the company’s efforts to expand the reach of its crypto Visa card. Crypto.com’s Visa card is already used in more than 30 countries around the world, including the United States, Canada, as well as nations in Europe and across the Asia-Pacific. Crypto.com plans to begin direct issuance of its Visa card in the country, and the company says it will use its presence in Australia to pursue greater market penetration for its card service across the world. Apart from its physical Visa card product, Crypto.com will also reportedly begin to issue virtual cards within Europe. Commenting on the Visa partnership, Crypto.com CEO Kris Marszalek remarked: “Signing the global partnership with Visa and becoming a principal member with the world’s leader in digital payments affirms our commitment to accelerate the world’s transition to cryptocurrency.” As part of the official communique, the company also announced the rollout of its fiat lending program, dubbed “Spending Power.” With this new product, Crypto.com Visa cardholders will be able to use the cryptocurrency balance in their wallet as loan collateral and spend fiat in merchant platforms that support Visa payments. Earlier in March, Crypto.com launched a $200 million crypto investment fund to support startups in the industry.

South Korea's Regulator Threatens Bitcoin Startups With Jail

New financial reporting rules for South Korea's crypto businesses come into force on March 25.

Thai bank's venture arm invests in institutional crypto custodian Anchorage

SCB 10X, the venture arm of Thailand's oldest bank, is participating in an $80 million Series C fundraising round for institutional crypto custodian and digital asset platform Anchorage. Just last month, SCB 10X — the venture arm of Siam Commercial Bank — had announced its new $50 million fund dedicated to investments in global blockchain, decentralized finance and digital asset startups.

Crypto.com launches $200M investment fund for cryptocurrency startups

The $200 million will be used to invest in seed and Series A funding rounds for promising cryptocurrency startups. Crypto.com has launched a venture arm and has set aside $200 million to invest in promising cryptocurrency startups, as it seeks to expand its partnerships with entrepreneurs in the crypto and blockchain industry.

US Education Department promotes putting student records on blockchain

A new government-funded challenge seeks blockchain-based solutions to simplify educational data sharing, but implementation could take time. The COVID-19 pandemic has exposed flaws across various sectors.

Enterprise blockchain of today: While some fail, others show potential value

Enterprise blockchain startup Insolar ceases operations, but what went wrong? While the price of Bitcoin (BTC) continues to reach record-breaking all-time highs, the hype around enterprise blockchain adoption may seem like it’s dwindling.  Enterprise blockchain started gaining traction in 2017 when Bitcoin’s price hit a high of nearly $20,000.

New Emerging Markets Fund Targets Blockchain, DeFi Startups

The Arcanum Emerging Technologies Fund will start in India, but its founders plan to expand to other regions.

Why your startup can benefit by copying Tesla and MicroStrategy

Leo Polovets of Susaventures mentioned in a curious tweet today that he increasingly feels that startups would benefit from copying Tesla and MicroStrategy by putting a fraction of their cash into Bit The post Why your startup can benefit by copying Tesla and MicroStrategy appeared first on AMBCrypto.

Kraken Creates VC Fund for Boosting Crypto Innovation

The Kraken Ventures fund will focus on supporting startups working in DeFi, fintech, crypto, and other innovative sectors.

New Kraken Venture Fund to Target Early-Stage Crypto, Tech Startups

Kraken Ventures will operate autonomously, with financial backing from the exchange.

Thailand's Siam Commercial Bank to invest $50M in blockchain, DeFi startups

Earlier today, SCB TenX (SCB 10X), a holding company in the Siam Commercial Bank group, announced a $50 million allocation towards DeFi startups and digital assets. SCB is one of the oldest banks i The post Thailand's Siam Commercial Bank to invest $50M in blockchain, DeFi startups appeared first on AMBCrypto.

7 Challenges Facing Fintech Startup and Their Solutions

The text below is an advertorial article that was not written by Cryptonews.com journalists. FinTech startups seek to provide the consumer as well as businesses varied options when it comes to money management.

Growing list of billion-dollar crypto ‘unicorns’ suggest the best is yet to come

More than 53 blockchain projects have emerged as multi-billion dollar market cap crypto unicorns, a signal that the 2021 bull market is just getting started. In the traditional investing world ‘unicorn’ is a term used by venture capitalists to describe a privately held startup valued at more than $1 billion.  Typically these startups have strong fundamentals and oftentimes a first-mover advantage that helps them rapidly rise in value to become prized investment opportunities for yield-seeking funds.

Crypto-Centric VC Fund Lures in Billionaire Investor Paul Tudor Jones and Rapper LL Cool J

This week the former Digital Currency Group (DCG) Vice President of Investments, Travis Scher, announced a $72 million crypto-focused venture capital fund backed by the billionaire investor Paul Tudor Jones and hip-hop star LL Cool J.

Algorand names 11 blockchain startups for its first accelerator program

The Algorand Foundation introduced its Europe Accelerator program in October 2020.

Aave’s Founder Angel Invests to Grow DeFi’s Head Start on the Banks

Stani Kulechov has backed nearly 40 projects in his search for founders who see two or three moves ahead.

Blockchain companies can’t afford to stay on the patent sidelines

If blockchain companies continue to neglect to acquire patents, they will struggle to convert their ideas into commercial success. Twitter plays defense with its patents, Square has launched a consortium — which includes Coinbase — to pool crypto patents and Alibaba is well on its way with its mission to overtake IBM in the blockchain patent wars.  Many startups don’t take the necessary steps to protect their innovations, and that’s a big mistake.

Solana targets growth in Southeast Asia with a $5M grants scheme

The $5 million fund only allows projects with a physical presence in Southeast Asia to apply for the program which provides up to $100,000 plus technical and community support. Solana has turned its focus towards decentralized finance in Southeast Asia with a new $5 million development fund. The Solana Foundation created the fund in partnership with Vietnam-based investment firm Coin98 Ventures, enabling regional startups building on Solana to receive technical, marketing, and community support, as well as up to $100,000 in funding.

USV Launches $250 Million Fund, Plans to Invest 30% in Crypto Startups

Union Square Ventures partner Andy Weissman lays out the firm's plans for 2021, including its crypto investments.

Ethereum Rival Solana Wants to Corner Asian DeFi Market

Solana Foundation, which supports development on the Solana blockchain, is partnering with Coin98 Ventures to give grants to DeFi startups in Southeast Asia.

‘Over-Regulation’ May Scupper South Korea’s Fledgling Crypto Sector

Source: Adobe/y fran_kie Critics have accused Seoul of “over-regulation,” claiming that a new South Korean crypto law – which will promulgate in a matter of weeks – could marginalize the industry. Per a report from EBN, voices of concern are growing louder within the crypto sector, with some business experts claiming that the cost of compliance will all but freeze out startups, and

Binance and Orbs sponsor new accelerator for DeFi startups

The accelerator will incubate new and innovative DeFi projects with a blockchain-agnostic outlook. Orbs, an Israeli blockchain company building a public blockchain infrastructure project, and Binance, announced Monday the launch of a new accelerator for the DeFi ecosystem. Named DeFi.org, the accelerator focuses on supporting research and development of open-source software and community development in the DeFi space.

Binance, Blockchain Firm Orbs to Sponsor New Accelerator for DeFi Innovation

The two firms have become core sponsors of the DeFi.org accelerator, which will provide grants for innovative startups working in decentralized finance.

What Does It Cost to Become an FCA-Approved Exchange? EXMO Execs Explain

The UK-registered EXMO exchange is one of the many crypto startups to go through the FCA approval process.

10 Crypto Companies That Made a Big Splash in 2020

These companies, startups and projects have been key movers and shakers in the crypto space over the past 12 months.

Korean crypto investment company launches $100 million fund for blockchain projects

South Korea’s Hashed has established a new fund to finance emerging blockchain startups Hashed, one of South Korea’s largest crypto asset fund managers, has raised 120 billion won ($110 million) to fund new blockchain ventures in the so-called “protocol economy.” The funds were raised via Hashed Ventures Inc., a new entity that will oversee the deployment of the nine-figure investment.

UK FCA gives crypto startups a hindering hand

The United Kingdom is shutting the door for digital asset firms: Crypto startups are no longer welcome to the country. Late last week, the United Kingdom’s Financial Conduct Authority issued temporary licenses to applicant companies looking to become licensed crypto-asset firms.

SM Digital Holding and Wallex Prove That Bulgaria Is the Next Leading Hub for Fintech Companies

Many fintech startups and established companies are now looking for a new home across Europe due to Brexit.

How Israeli VCs Are Doubling Down on DeFi Startups

The three co-founders of Collider Ventures agree Israel’s vibrant crypto industry waned, yet didn’t fizzle, throughout 2020.

Million-dollar startup taps Algorand to fight climate change

Climatetrade will launch its marketplace for carbon offsetting on the Algorand blockchain. Blockchain marketplace Climatetrade will be building its new CO2 carbon offsetting platform on Algorand, a top-50 cryptocurrency project that is gunning for scalability and transactional performance.  Climatetrade announced Wednesday that it has selected the Algorand blockchain to power its carbon offsetting marketplace, which is designed to help organizations achieve CO2 neutrality — a key pillar in the fight against climate change.

Why Europe Bests the US at Attracting Crypto Startups

The EU has created a common framework for regulating crypto across the economic bloc.

Big banks think new furniture is innovation, but they are wrong

True innovations are a serious problem for traditional financial institutions, but fintech and crypto startups have the solution. When banks finally come to improve their technology experience, they go no deeper than changing the front end.

Blockchain Startup Raises $12M Series A to Turn Brands Into Cellular Networks

Blockchain startup OXIO raised a $12 million Series A to make “Telecom-as-a-Service” as common as SaaS.

South Korean SME Minister Sings Praises of Blockchain-powered Payments

A South Korean minister has been championing blockchain-powered payments, claiming they have the power to transform the business landscape for smaller businesses in the country. Per News1, the comment came from the country’s Minister of Small and Medium Enterprises and Startups Park Young-sun, who claimed that e-pay initiatives like Zero Pay could use powerful

DeFi Dashboard Zapper Snags New Funding From Delphi and Coinbase Ventures

Zapper announced Thursday an extension of its seed investment round with new backing from Delphi Digital and Coinbase.

African Startups Should Tokenize to Break Biased Funding Cycles

Startup capital in Africa still favors foreign founders at the expense of homegrown projects.

Crypto Startups Raised $759M in Q3, 3X More Than in Q2 2020

Economic uncertainty caused by the global pandemic has made venture capital firms hesitant to invest in early-stage crypto startups.

The cryptocurrency sector is overflowing with dead projects

Blockchain technology is just a tool that solves a problem, it cannot be the goal of the entire project. In 2017, when everything concerned with cryptocurrency and blockchain still looked fresh and interesting, it seemed that there would be no day without a new “revolutionary” project or idea.

Blockchain Life 2020 Forum in Moscow, Russia

Disclaimer: The text below is a press release that was not written by Cryptonews.com. Forum Blockchain Life 2020, the main live event of the year in the industry, took place on October 21-22, 2020 in Russia, Moscow. Despite the difficult COVID-19 realities and closed borders, the Forum was attended by 3000+ participants. Global industry leaders, entrepreneurs, investors and startups have come

Forum Blockchain Life 2020, took place on October 21-22, 2020 in Russia, Moscow

Despite the difficult COVID-19 realities and closed borders, the Forum was attended by 3000+ participants. Global industry leaders, entrepreneurs, investors, and startups have come together to disc The post Forum Blockchain Life 2020, took place on October 21-22, 2020 in Russia, Moscow appeared first on AMBCrypto.

Razor Network Raises $3.7M to Prove There’s Room for More Oracles in DeFi

Razor Network raised $3.7 million in seed funding from NGC Ventures, Alameda Research and Mariano Conti, the former oracles chief at MakerDAO.

NIFTEX Raises $500K to Build Out NFT Trading Platform

NIFTEX, the platform that allows for the fractional trading of non-fungible tokens (NFTs), announced a $500,000 funding round led by 1kx.

SEC Makes It Easier for Crypto Startups to Raise Funds

The SEC is raising crowdfunding limits from $1.07 million to $5 million, meaning crypto startups could start relying less on venture capital.

DefiDollar Raises $1.2M to Be the Risk-Insured Stablecoin Layer for DeFi

India-based DefiDollar has raised $1.2 million in a seed round led by Divergence Ventures, Standard Crypto and Accomplice.

IDEO CoLab Unleashes $21 Million Early Stage Crypto Fund

The venture fund has helped incubate more than 30 blockchain startups since 2018.

Notional Launches Out of Stealth to Bring Fixed-Rate Lending to DeFi

Notional enables fixed-rate debt on Ethereum using a new on-chain automated market maker.

Bitcoin Businesses on the Mend: Report Shows 57% of Crypto Execs Expect the Industry to Accelerate, Companies Are Hiring

Digital Currency Group (DCG) recently published the firm’s “State of Crypto 2020” report which polls more than 150 portfolio crypto companies.

Collider Labs Raises $1M to Invest in Blockchain Startups

The venture builder is seeking to invest in early-stage startups with a focus on transparency, privacy and "fairness."

O(1) Labs Raises $10.9M More for Lightweight Mina Protocol

O(1) Labs’ lightweight blockchain project Mina, formerly known as Coda Protocol, has raised $10.9 million.

How the DeFi Craze Made Its Way to China

DeFi is booming in China, with startups adapting and building on popular western projects within the nation's active crypto economy.

Algorand’s New Europe Accelerator to Boost Startups With up to $500K in Funding

Startups working with Algorand's blockchain may receive up to $500,000 in seed funding through the program.

Twitter's Jack Dorsey urges Bitcoin donations to fight police brutality in Nigeria

The CEO of Twitter and Square has urged Bitcoiners to join the fight to end the Special Anti-Robbery Squad (SARS) in Nigeria The CEO of Twitter and Square, Jack Dorsey, has urged his followers to donate Bitcoin to the #endSARS cause, which aims to end police brutality in Nigeria. Donate via #Bitcoin to help #EndSARS https://t.co/kf305SFXze— jack (@jack) October 14, 2020 The crypto donation site he linked to is run by a group of Nigerian feminists fighting against the police’s Special Anti-Robbery Squad (SARS) through protests, fundraising, and social media. A series of demonstrations began in Nigeria on October 4 with thousands taking to the streets to protest against police brutality in Nigeria and call for the disbanding of SARS, with the #endSARS hashtag trending. Various crypto startups like BuyCoins and Busha have also donated to the cause. Ray Youssef, CEO of Peer-to-peer Bitcoin marketplace Paxful, which is popular across Africa, also embraced the #endSARS hashtag, accusing police of unfairly targeting young people for using cryptocurrency.

Amid Confusion About Rules, Indian Crypto Community Pushes for Regulatory Sandbox

India's crypto businesses are proposing a regulatory sandbox to allow startups to grow while the nation builds rules around the nascent space.

The Best Blockchain University Programs Actually Pay Students to Learn

Leading student blockchain clubs do more than meet up to eat pizza: they work directly with crypto startups to solve problems.

SEC’s Hester Peirce Plots Safe Harbor 2.0 Proposal for Crypto Startups

"Crypto Mom" is planning an updated proposal to give crypto startups a grace period, plus she discusses the Unikrn settlement and the challenges of regulating DeFi.

Tim Draper’s Venture Studio to Triple-Down on Blockchain Projects With a $25M Fund

At the LA Blockchain Summit, the blockchain and fintech venture studio Draper Goren Holm announced the launch of a $25 million blockchain fund called “Fund 1.” According to the announcement the money will be used for promising blockchain and fintech startups in Series A and seed investments.

Sensitrust: Smart Working empowered by Artificial Intelligence and Blockchain Technologies

Disclaimer: The text below is a press release that was not written by Cryptonews.com. Before the Covid-19 pandemic, smart working was still a niche paradigm adopted by few software startups, freelancers, and nomad workers.

Silvergate Bank: How Deep Is the Moat?

Silvergate Bank has pioneered financial services for crypto startups.

Estonian LLCs Have Been Granted the Right to Tokenize: Here’s What That Means

After establishing itself as the “blockchain country” due to the government-level adoption as well as the high volume of blockchain startups that have been established, Estonia has taken an important step toward true blockchain adoption.

Visa-Owned Plaid Has a Hidden Passion for DeFi

Fintech enabler Plaid is quietly working with at least two decentralized finance (DeFi) startups.

Startup Aleo Wants to Help You Use the Internet Without Sacrificing Data Privacy

Aleo co-founder Howard Wu says a better data privacy model for both companies and consumers can be built using zero-knowledge proofs.

Binance’s US arm joins Chicago DeFi alliance

Binance’s interest in DeFi expands globally. The United States arm of Binance, the world’s largest cryptocurrency exchange,  has entered a major organization focused on decentralized finance, or DeFi. According to a Sept.

This Crypto Startup Takes Bitcoin Advocacy to a Whole New Level

Patrick Stanley is launching a crypto advocacy company called Freehold, starting with bitcoin (BTC) and Blockstack's STX.

Sensitrust: AI and Blockchain Technologies to Establish Innovative Smart Working Environments

[PRESS RELEASE – Please Read Disclaimer] Before the Covid-19 pandemic, smart working was still a niche paradigm adopted by few software startups, freelancers, and nomad workers.

ETC Labs startups can now access automated transaction tracking

Regulatory compliance requirements are becoming increasingly important.

Why Crypto Investments Are Less Vulnerable to US-China Tensions

US-China tensions are taking a toll on venture funds that invest in non-crypto startups.

Ethereum Foundation announces $3.8M in new grants

The funds will go to 28 companies working on the Ethereum blockchain. The Ethereum Foundation has announced that over $3.8 million in grants will be awarded to teams working on the Ethereum blockchain. In a Sept.

New DeFi alliance to connect Eastern and Western DeFi markets

The Chinese government is supporting a new global DeFi association. Amid the ongoing craze around decentralized finance, or DeFi, a blockchain startup in China is launching a global DeFi initiative. Conflux Network, a permissionless blockchain startup, has launched a new DeFi-focused association focused on international cooperation of major industry players. Called “Open DeFi,” the new alliance aims to connect Eastern and Western DeFi markets, uniting China-based blockchain leaders and global DeFi startups to streamline cross-border market growth, sustainability and innovation.  According to a Sept.

Payment giants drive crypto adoption by engaging with startups

Companies like Visa and Mastercard are taking an interest in crypto startups to drive growth, but does this challenge the fundamentals of crypto? Financial services giants Visa and Mastercard have shown an increased interest in the trillion-dollar digital payment sector through their recent acquisitions of innovative fintechs.  In January this year, Visa acquired fintech firm Plaid for $5.3 billion.

Coinbase Launching New Platform Allowing Startups to Create Custom Crypto Assets

Crypto exchange Coinbase is developing a platform designed to give startups a simple way to launch custom crypto assets.  In a podcast hosted by investor Patrick O’Shaughnessy, Coinbase CEO Brian Armstrong talks about the many regulatory and funding impediments faced by crypto startups.

Coinbase Building Platform to Help Crypto Startups Launch Tokens, Raise Cash

The platform will "hand hold" hopeful crowdfunders through the token issuance, custody, development and governance process, according to CEO Brian Armstrong.

Coinbase Planning Token Launch Platform for Crypto Startups

CEO Brian Armstrong confirmed that the crypto exchange is developing a platform to help startups launch their own tokens.

Two Estonian FinTech Startups Launch a Securities Marketplace Within a New Regulatory Framework for Digital Securities

August 24, 2020 – Tallinn, Estonia CoinMetro, a digital currency exchange, and Ignium, a central securities depository built on blockchain technology, are today announcing the launch of a new digital securities marketplace.

First Mover: Anything-Goes Token Market Repudiates Rich-Only Venture Capital Club

Venture capital is no longer just for the rich, as crypto markets let traders bet on early-stage digital-asset startups, risks included.

How Excess Capital and Low Interest Rates Reshaped Silicon Valley, Feat. Chris McCann

A conversation with a VC about changes in fintech, crypto and how public market trends shape the startup scene.

Major South Korean Chat App Bets Big on NFT-Based Stock Trading

The race for blockchain adoption is on in South Korea. South Korea’s well-known chat application, Kakao, bolsters its presence in blockchain and crypto with its partnership with a non-fungible token-powered trading platform and its new crypto wallet Klip. According to Hanguk Kyungjae, the trading company Angel League will receive support from Kakao’s Klip platform for its digital certificates based on NFTs. Angel League allows groups of investors to jointly purchase the stocks of startups in the “pre-IPO” stage.

Ripple Aims to Become the Amazon of the Cryptocurrency World

Ripple is working to explore new use cases for its blockchain network. The much-debated blockchain firm Ripple is now planning to expand its use case far beyond just streamlining cross-border payments in partnership with national and international banks. Ripple had focused its efforts solely on cross-border payments for the past five years when Brad Garlinhouse joined the company as the chief executive officer. Despite their unprecedented success as a software solution provider to financial entities, Ripple has seemingly come to a realization that the company’s core value still lies in the associated cryptocurrency XRP and the Ripple blockchain. While the company had mostly worked with banks and directly funded millions to blockchain and cryptocurrency startups, it is now taking a step back and revising its growth strategy. According to a Financial Times report, Ethan Bear, the head of Ripple’s developer efforts said that they were moving from “writing cheques to writing code,” implying that the company was planning to go big on promoting the creation of new applications on the Ripple network. Showing optimism about the move to make their blockchain platform equally worthy as the highly-rated cryptocurrency, Garlinghouse said they wanted to make Ripple the Amazon of the cryptocurrency world: “Amazon started as a bookseller and just sold books.

Coinbase’s Existing $8B Valuation Means It Doesn’t Need an IPO, Lawyer Says

An IPO would do little to boost Coinbase's following or $8 billion valuation, said a lawyer that specializes in getting startups to a public offering.

Public VC Funding: Stopgap or Future Solution for Blockchain Startups?

As private investors withhold seed funding from blockchain enterprises, venture capital firms armed with public funds are filling the void. Securing seed money for blockchain startups is a tricky business in normal times, but with a pandemic raging, it’s really touch-and-go.

More Than 10,000 New Blockchain Companies Established in China in 2020

LongHash said China’s blockchain companies have increased substantially and recorded an all-time high in 2020 despite Covid-19. Blockchain and crypto data platform LongHash revealed on August 8 in a tweet that China’s blockchain sector has grown substantially despite the pandemic this year.

‘Crypto Instagram’ Is Becoming a Thing, Scams and All

Scams are running rampant on Instagram in 2020 – even as legitimate crypto entrepreneurs are increasingly using the platform for business.

There’s Now an Accelerator Exclusively for DeFi Startups

The Chicago DeFi Alliance (CDA) just launched one of the first accelerator programs devoted entirely to DeFi crypto startups.

New USD 110m for Crypto Startups, Crypto.com Swap Fuels MCO + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Investments news Early-stage venture firm Electric Capital said it raised USD 110m for Seed and Series A fund, focused on cryptonetworks and blockchain enabled startups.

EU Privacy Shield Ruling Is An Opportunity and Conundrum for Decentralized Tech

A judgement striking down an EU-US data sharing agreement could pose compliance issues for US startups.

South Korean Giant Hanwha Invests $3M in Crypto Disclosure Startup

Xangle, a crypto disclosure platform by CrossAngle, closes a $3.3 million round from South Korea’s conglomerate Hanwha Group. Major South Korean conglomerate Hanwha Group is cementing its involvement in the cryptocurrency industry with a new investment. Hanwha Investment & Securities, a securities brokerage subsidiary of Hanwha Group, has participated in a 4 billion won ($3.3 million) funding round in crypto firm CrossAngle. Xangle is specialized in collecting corporate disclosures for crypto Announcing the news on July 16, CrossAngle said that the Series A2 investment is expected to enable the company to develop an infrastructure for institutionalizing crypto data services. Inc

Singapore Fintech Association to Give Startups Access to R3 Corda

The Singapore Fintech Association and R3 have entered a partnership to provide startups in the SFA network with access to R3’s Corda blockchain. The Singapore Fintech Association and R3 have entered a partnership to provide startups in the SFA network with access to R3’s Corda blockchain. In an announcement on July 14, the SFA said that startups would receive support from R3’s Venture Development program, which provides a gateway into R3’s ecosystem for all pre-series A companies that are building on Corda. Corda is an open-source enterprise blockchain platform that is used by an expanding network of over 350 participants who build distributed applications (CorDapp) on the platform for a range of industries, such as financial services, insurance and healthcare.  Access to the Corda blockchain platform is expected to provide SFA startups with opportunities to reduce costs, generate new revenue streams and reshape domestic and international markets.  The R3 Venture Development Program provides participants with access to community events, workshops, mentorship from industry members, as well as help with forging relationships with investors.  The SFA has said that its partnership with R3 is part of the association’s long-term commitment to the city-state’s blockchain ecosystem.  SFA President Mr.

Research Suggests STOs Are Better at Financing Startups than ICOs

Faculty at the Rotterdam School of Management argue that STOs are better for financing startups than ICOs.

Crypto Management App Denies Being Hacked

London-based crypto-financial technology startup denied Sixgill’s claims that its database was stolen by hackers. Plutus, a crypto finance app founded in 2015, denied social media reports that its database was compromised by a hacking attack launched by alleged threat actors. On July 9, Israel-based threat intelligence firm, Sixgill, published an alert through their official Twitter account which stated that hackers have been sharing a database stolen from the crypto app since July 7, with no additional details revealed. Official Plutus statement on the alleged cyber-incident However, a representative from Plutus sent Cointelegraph the following statement: “We have investigated several possible attack vectors and not found any evidence of hacking.

DeFi alliance adds more startups as industry growth accelerates

The Chicago DeFi Alliance continues to grow, adding 11 new members including the fast-rising lending protocol Aave and Silicon Valley VC ParaFi.