Tag: funding

Liquid.com Closes Funding Round Valuing Crypto Firm at ‘Over $1 Billion’

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Crypto trading platform Liquid.com has been backed by Bitmain and IDG Capital in a funding round that, it says, makes it the latest crypto unicorn. The firm, which is owned by Japanese cryptocurrency exchange Quoine, announced Wednesday that, with the closing of the Series C round, its “over $1 billion” valuation makes it “one of only two tech unicorns in Japan’s startup space.” Liquid.com, however, did not disclose the amount invested by IDG Capital and Bitmain, the former of which led the round. The funds will be put toward global…

Funding Platform SeriesOne Partners With Polymath to Use Its Security Token Protocol

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United States-based crowdfunding platform SeriesOne has partnered with security token protocol platform Polymath, according to a press release published on March 19. The new partnership intends to create a digital securities offering ecosystem via the SeriesOne platform. According to the press release, the partnership between SeriesOne and Polymath will let token issuers create and manage regulatory-compliant security tokens from the initial offering stage to trading on a secondary exchange. SeriesOne CEO Michael Mildenberger expressed confidence that Polymath’s security token protocol, ST-20, is set to improve the process of raising capital…

Australia Announces National Blockchain Roadmap and Further Boost to Government Funding

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Australia has unveiled a national blockchain strategy and roadmap, with a boost of AU$100,000 (~$71,200) in further funding from the federal government. The news was announced in a joint media release from two Australian ministries on March 18. Minister for Industry, Science and Technology Karen Andrews and Minister for Trade, Tourism and Investment Simon Birmingham have jointly stated that the new policy roadmap aims to make Australia’s nascent blockchain industry into a global leader. The roadmap will encompass the development of blockchain “regulation, skills and capacity building, innovation, investment, and…

Crypto Trading Platform Tagomi Nets $12 Million in New Funding Round

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New York-based cryptocurrency brokerage and trading platform Tagomi Holdings raised $12 million in its latest funding round from investors including the Yale-backed Paradigm Fund, the company confirmed in a press release on Mar. 4. Tagomi, which now has total funding of $28 million after its launch in December 2018, also added cryptocurrency industry giant Pantera Capital to its rake of investors. The company offers Bitcoin (BTC), Ether (ETH) and other altcoin trading, along with products geared to institutional investors, like a portfolio management interface and API for programmatic trading. “We…

Goldman Sachs-Backed Circle Seeks $250M In Funding

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Cryptocurrency startup Circle Internet Financial Ltd, which is backed by Goldman Sachs, is seeking to raise about $250 million in equity and debt, according to a report by technology news website The Information. The report, quoting Circle’s co-founder Jeremy Allaire, said the company’s revenue grew between 2017 and 2018 despite the fall in crypto prices. The crypto company generates revenue from trading fees on its cryptocurrency exchange Poloniex and institutional trading operation Circle Trade. Circle has seen a decrease in its proceeds due to weakening trading volumes amid the overall crypto market…

Crypto Finance Startup Circle Seeking Further $250 Million in Funding: Report

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Crypto finance startup Circle Internet Financial is reportedly looking to raise a further $250 million in funding. A report from The Information on Saturday, citing a source with knowledge of the matter, said that Circle is seeking to raise the funding via a combination of equity and debt financing. They added that the reason for the move is that the firm’s business has been affected by the prolonged cryptocurrency bear market. Circle has not confirmed the source’s claim, The Information said. The Goldman Sachs-backed firm has previously raised at least $246 million, according…

Goldman Sachs-Backed Crypto Payments Startup Circle Seeks $250M in Funding

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Goldman Sachs-backed cryptocurrency finance firm Circle is reportedly looking to raise $250 million of funding in a combination of equity and debt. The source of information are claims made by an anonymous person familiar with the company’s plans, as cited in a report by technology news website The Information on March 2. According to the article, Circle — which generates revenue from trading fees on its cryptocurrency exchanges (Poloniex and the institutional offering Circle Trade) — has seen a decrease in its proceeds after the overall crypto market crash lead…

Blockchain Capital Leads Funding Round for Crypto Compliance Startup TRM

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United States-based investment firm Blockchain Capital has led a seed funding round for  blockchain compliance startup TRM, a press release from the firm reveals Jan. 31. TRM announced today that it had a closed a funding round totalling $1.7 million. Tapas Capital, Green D Ventures, The MBA Fund, and “strategic angel investors” also participated in the round. According to TRM, the company is going to spend the funds on scaling its engineering talent and expanding the capabilities of its platform. Based in San Francisco, the firm has developed a so-called…

NEM Reorganizes Non-Profit Foundation Amid Token Price and Funding Woes

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Blockchain asset management platform NEM (XEM) announced it had completely reformed its non-profit NEM Foundation amid financial difficulties in an announcement Jan. 31. The Foundation, which previously had a budget with a monthly burn rate of 9 million XEM (~$392,000), now plans to spend less than half that amount, as a new streamlined entity aims to cut costs. “The NEM Foundation has restructured to eliminate regional teams and replace them with newly created product-focused teams,” the announcement explained. Summarizing the changes, NEM confirmed that the “NEM Foundation you knew before…

Gaza’s Ruling Group Hamas Seeks Funding in Bitcoin to Combat Financial Isolation

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The militant arm of Hamas — the de facto ruling authority of the Gaza Strip in Palestine — has appealed to its supporters to send it funds using Bitcoin (BTC). The appeal was made via the official Telegram channel of Abu Obeida, a spokesman for Hamas’ Izz ad-Din al-Qassam Brigades, on Jan. 29. Hamas — which comprises social service arm “Dawah” and militant faction “Izz ad-Din al-Qassam Brigades,” is deemed to be a terrorist organization, in whole or in part, by several countries and international organizations — including the United…