Tag: funding

Medici Ventures Leads Funding Round for Blockchain-Based E-Voting Platform

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Medici Ventures, the blockchain-based subsidiary of Overstock.com, has led a $7 million funding round for a blockchain-based voting platform, according to a press release on June 6. The blockchain-based voting platform, Voatz, is reportedly designed to allow citizens to participate in official elections and similar events via mobile devices, such as smartphones or tablet computers. The platform is reportedly based on blockchain tech, encryption, and biometrics, and purports to provide better convenience, security, and auditability for voters and vote collectors. Voatz says that the proceeds of their $7 million Series…

Galaxy Digital Fund Leads Funding Round for Blockchain-Based Game Platform

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A fund of cryptocurrency investment bank Galaxy Digital led a $1.8 million seed funding round for Azure’s blockchain-based gaming rewards platform, VentureBeat reports on June 5. Smart Challenge, Azure’s gaming rewards platform, reportedly allows users to create and compete in challenges on the EOSIO blockchain protocol. By using blockchain technology, the challenges are said to be verifiably fair, since participants can see all the challenge rules and how they are implemented. Galaxy Digital reportedly invested to the project through its Galaxy EOS VC Fund, which is an investment organization that funds…

Community Funding and Bringing Smart Contracts to BCH in the Weekly Update From Bitcoin.com

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The Bitcoin Cash community is working to raise funding for developers and a new programming language is bringing smart contract functionality to BCH. Watch these and other developments discussed in this week’s video update on Bitcoin.com’s Youtube channel. Also Read: How to Check Bitcoin Cash Transactions With a Block Explorer Bitcoin Cash Developers Talk Programmable Money in Bitcoin.com’s Weekly Video Update This week’s show focuses on the development of Cashscript, a high-level software language allowing for unique decision-based transactions on Bitcoin Cash. Among other issues, the main creator of this…

Compliant Token Startup Standard Tokenization Protocol Secures $7 Million in Funding

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Compliant tokenization startup Standard Tokenization Protocol (STP) announced that it secured $7 million in funding in a press release shared with Cointelegraph on May 29. Per the release, STP raised the funds in two separate private funding rounds from multiple venture capitalists by selling its STPT token, with $5 million in the first round and $2 million in the second. The investors cited by the company are Neo Global Capital, BlockVC and AlphaBit. The announcement explains that STP’s service is designed to allow for the compliant and transparent tokenization of…

Barclays Leads $5.5 Million Funding Round for Blockchain-Based Invoice Exchange

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United Kingdom-based international bank Barclays and technology investment firm Bold Capital Partners have led a $5.5 million funding round for fintech firm Crowdz’s blockchain-based global invoice exchange, according to a press release on May 28. According to the report, the blockchain-based technology will purportedly make invoice processing more efficient by digitizing and automatizing what are traditionally manual processes. The technology also automates the process of finding financiers and sending them invoices. CEO of Crowdz, Payson E. Johnston, emphasizes the importance that this speedier invoice processing has for small and midsize…

Kik Launches $5 Million Crypto Funding Campaign for Lawsuit Against US SEC

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Canadian tokenized social media startup Kik has launched a $5 million crypto initiative to fund a lawsuit against the United States Securities and Exchange Commission (SEC), Kik CEO announced in the crypto-focused Unchained podcast by Laura Shin on May 28. Ted Livingston, Kik CEO and founder of Kik’s crypto project the Kin Foundation (KIN), revealed the formation of DefendCrypto fund to legally challenge the U.S. SEC in order to get regulatory clarity from the major U.S. financial watchdog. While the fund’s domain DefendCrypto.org was registered 25 days ago as of…

Ethereum Foundation Announces Annual Funding, Next Devcon Location

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The Ethereum Foundation is planning to spend $30 million on different projects across the ecosystem over the next 12 months, the company’s executive director Aya Miyaguchi revealed at the ConsenSys’ Ethereal Summit on May 10. In the course of the next year, the Foundation is going to allocate funds for improvement of Ethereum’s performance and security, which includes working on the current proof-of-work (PoW) algorithm of Ethereum 1.x and general core support and development, raising awareness about the altcoin by organizing hackathons, developing relations, and attracting new talent, among other…

Ethereum (ETH) Respond After Elon Musk Tweet, ProgPOW Has the Funding

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Ethereum (ETH) add 2.8 percent ProgPOW funding secure, Berlin’s Least Authority to audit Ethereum Price Analysis Fundamentals Ethereum (ETH) is superior and an upgrade of Bitcoin. Its native currency in ETH can operate within an ecosystem, powering smart contracting as a settlement coin. Besides, considering the infinite number of possibilities that the platform opens up for visionaries, it is understandable that the community reacts the way it did to a single one-word tweet by Elon Musk, the brains behind Tesla and Space X. Ethereum — Elon Musk (@elonmusk) April 30,…

Facebook Veterans Launch ETH-Based Digital Collectible App, Funding From ConsenSys Ventures

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A New York startup founded by a group of Facebook veterans has launched an ether (ETH)-powered mobile social app that supports the creation and trading of unique digital collectibles. The news was revealed in a press release shared with Cointelegraph on April 30. The startup, dubbed “Editional,” has reportedly sealed a $1.5 million seed round with backing from high-profile crypto investors that include ConsenSys Ventures, Digital Currency Group and CoinFund, the press release states. The consumer-grade Editional blockchain app — set to go live on the iTunes store for iOS…

Funding for ProgPoW 3rd-Party Audit Approved

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Ethereum (ETH) core developer Hudson Jameson announced that a third-party audit of the Application Specific Integrated Circuit (ASIC)-resistant proof-of-work algorithm ProgPoW has been funded. The dev made the announcement during the latest bi-weekly Ethereum core developer meeting held on April 26. During the call, it was specified that the targeted funding amount of 50,000 units of decentralized, Ethereum-based USD-pegged stablecoin DAI had been reached. The funds were reportedly crowd-sourced through donations. Jameson noted that the audit is set to begin “this week or next week hopefully.” ASIC refers to mining…