Tag: funding

Microasset – The International Blockchain Monetary Reserve Announces $3.48 M In Reserve Funding, New Listing on BiKi Exchange

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Sharing is caring! The International Blockchain Monetary Reserve (IBMR) an economic development reserve and advisory company, say they have raised USD $3.48 M for their ARCC Currency Reserve, a basket of cryptocurrencies that include ALGO, BTC, and BNB. Funding is also available to the tune of USD $700,000 in seed investments for US-based tech start-up companies. ~ advertisement ~ The IBMR’s mission is to break the cycle of poverty, exploitation and wealth disparity in failing emerging markets through the decentralized network effects of blockchain technology. “The mission of ARCC is to…

Bakkt Attracts $300 Million Funding as Bitcoin Sell-off Continues

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Crypto derivatives provider Bakkt raised $300 million in its latest financing round even as its core portfolio asset bitcoin suffered huge losses amidst the Coronavirus-led sell-off. According to the announcement, penned by Bakkt’s CEO Mike Blandina, Intercontinental Exchange, PayU, Microsoft’s M12, Goldfinch Partners, Boston Consulting Group, Pantera Capital, and CMT Digital all contributed to the series B. Mr. Blandina confirmed that they would use the proceeds to build and promote its upcoming mobile application. Away from its primary services, which included end-to-end trading and custodial solutions for institutional bitcoin investors, Bakkt…

US Woman Funding ISIS With Bitcoin Gets 13-Year Jail Sentence

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A United States federal court has sentenced a U.S. citizen to 13 years in jail for laundering money for ISIS using Bitcoin and other cryptocurrencies. Per a Department of Justice announcement on March 13, Zoobia Shahnaz of Long Island received a 13-year sentence for working to fund the Islamic State of Iraq and al-Sham through cryptocurrency payments amounting to over $150,000. She also worked to move to Syria to become a member of ISIS. Fraudulent loans for financing To raise the funds, Shahnaz allegedly defrauded major banks including American Express,…

Blockchain R&D Funding Is Vital, but It Mostly Comes From One Source

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On March 4, Twitter topman Jack Dorsey’s digital-assets payment company Square Crypto released a statement showcasing its support for Bitcoin (BTC) development with the creation of a grant program that aims to contribute toward the enhancement of the premier cryptocurrency’s native ecosystem. More specifically, the company revealed that its grant program is open to developers interested in pursuing this field of work. Two developers have already received monetary support from the company: BTCPay Server received $100,000 to continue its work relating to Square’s open-source payment processor, and a pseudonymous developer…

Reddit Co-Founder Leads $5M Funding Round for Blockchain Game Developer

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On March 7, Horizon Blockchain Games announced it has raised $5 million a fundraising round led by Initialized Capital — the investment firm co-founded by Reddit co-founder Alexis Ohanian. The raise comes ahead of the release for Horizon’s blockchain-based card game SkyWeaver. In the blog post, Horizon Blockchain Games co-founder Peter Kieltyka stated that the funds will be used to deliver SkyWeaver —  the company’s first game — to market. The raise included contributions from new investors ConsenSys, Regah Ventures and CMT Digital, in addition to existing partners Polychain, Digital…

Overstock’s VC Wing Leads $8.2M Funding Round in GrainChain

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GrainChain, a commodities tracing platform that uses smart contracts to open up liquidity for low-income farmers, has raised $8.2 million in its latest funding round, the company announced Friday. Luis Macias said the money will bolster GrainChain’s burgeoning operations in Mexico, Honduras and the southwest United States. “This funding is really going to allow us to add to our operations and scale up the levels that we are anticipating, giving us the ability to implement across the entire supply chain,” he said. Overstock VC wing Medici Ventures contributed the bulk…

Overstock’s VC Wing Leads $8.2M Funding Round in GrainChain

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GrainChain, a commodities tracing platform that uses smart contracts to open up liquidity for low-income farmers, has raised $8.2 million in its latest funding round, the company announced Friday. Luis Macias said the money will bolster GrainChain’s burgeoning operations in Mexico, Honduras and the southwest United States. “This funding is really going to allow us to add to our operations and scale up the levels that we are anticipating, giving us the ability to implement across the entire supply chain,” he said. Overstock VC wing Medici Ventures contributed the bulk…

Revolut Bank Valued at $5.5B in $500M Funding Round

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Revolut, the London-based bank that allows users to purchase cryptocurrencies on its app, has raised more than $500 million in a Series D funding round. Revolut announced Tuesday the round, led by Silicon Valley venture capital firm TCV, means the bank is now valued at over $5.5 billion. Although investors from previous rounds have also participated, the company has not disclosed any other names. Revolut looks to challenge existing traditional banks, for example by undercutting their prices on services. Tuesday’s news means the company has now raised a total of…

BCH Funding Debate: Developers Plan to Launch IFP-Free Version of Bitcoin ABC

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On February 19, a group of well known software developers announced the launch of a new Bitcoin Cash full node with the Infrastructure Funding Plan (IFP) removed from the codebase. The news was announced on the read.cash platform by the developer Freetrader who told the public that strong demand from businesses, miners, mining pools, and developers invoked the team to create a “minimally-altered client based on Bitcoin ABC.” Also Read: BCH Funding Debate: Btc.top Founder Suggests 2/3 Hash Vote and 6-Month Evaluation Developers Announce a Bitcoin ABC Node Is in…

Voluntary Financing: Bitcoin Cash Devs Reveal Noncustodial Funding App Flipstarter

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On February 15, a user on the read.cash blog site announced the development of a new Bitcoin Cash fundraising project called Flipstarter.cash. The developers behind the platform highlighted the recent questions people have been asking about voluntary funding of the Bitcoin Cash commons. The Flipstarter team plans to release an application that allows people to fund projects in a “secure, non-custodial” fashion using the Electron Cash wallet. Also Read: The Many Facts Pointing to Dorian Nakamoto Being Satoshi Flipstarter: A Lighthouse-Like Bitcoin Cash Crowdfunding App Is Coming Soon A team…