Tag: funding

NYSE Operator’s Crypto Platform Bakkt Completes $182.5 Million Funding Round

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Digital assets platform Bakkt — created by the operator of the New York Stock Exchange (NYSE) — has announced the completion of its first funding round in a blog post today, Dec. 31. The institutional investor-focused cryptocurrency platform from the Intercontinental Exchange (ICE) has officially raised $182.5 million from 12 partners and investors, according to the post. The partners and investors reportedly include major names in both traditional finance and crypto-oriented investing, including ICE, Boston Consulting Group, Galaxy Digital, Goldfinch Partners, Alan Howard, Horizons Ventures, Microsoft’s venture capital arm and…

Crypto Investment Platform Secures Seed Funding from Peter Thiel, Digital Currency Group

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Venture capitalist and PayPal co-founder Peter Thiel has invested in cryptocurrency investment platform Layer1, according to a press release published Dec. 19. San Francisco-based Layer1 has concluded a $2.1 million seed funding round backed by such industry players as Thiel, crypto-focused venture capital company Digital Currency Group, and American investor and Protégé Partners founder Jeffrey Tarrant, among others. The company reportedly aims to direct the raised funds to the further development of programmable money and store-of-value applications. Per Layer1 co-founder Alexander Liegl, cryptocurrencies provide an “unprecedented opportunity” for companies to…

Following $120 Million Funding Round, Waves Token Price Jumps Over 30%

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Global blockchain platform Waves has raised $120 million in a private funding round for its new project called Vostok, according to an official blog post published Dec. 19. The Vostok project is a “universal blockchain solution” that combines two basic components  — its own private blockchain platform, and the Vostok system integrator, a tool for developing and optimizing the platform. The Vostok blockchain is focused on the  deployment of Waves technologies for commercial and government IT systems. The new product will reportedly help the Waves Platform to develop new technologies…

Coinbase Ventures, Polymath and Others Back $3M Funding Round for Crypto Data Startup Nomics

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Photo: Nomics / Facebook Nomics, cryptocurrency data start-up, has finished its Series A funding round, in which it managed to raise $3 million. The funding was led by Coinbase Ventures and Arthur Ventures, among the participants also were CoVenture Crypto, CityBlock Capital, Digital Currency Group, King Capital, TokenSoft, Polymath and the BitGo founder Ben Davenport. ⚡️ “Nomics Series A Fundraising Announcement”https://t.co/EvrCB8RDQN — Nomics Crypto (@nomicsfinance) December 18, 2018 According to Clay Collins, CEO and co-founder of Nomics, the money raised will be used to develop new products. He said that the primary goal of…

Trump ‘advised’ to embrace cryptocurrency funding model for the Mexican border wall

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A lawmaker in the United States is of the opinion that, Donald Trump, the U.S president, should embrace cryptocurrency funding for the building of the Mexican border wall. The lawmaker, Ohio Congressman, Warren Davidson, was speaking to NPR concerning Trump’s latest comments that he wants to build a border wall at the Mexican border and the Congress needs to meet the budget. Instead of going hard on Congress, Davidson has a better way of raising the funds: “You could do with this sort of, like, a crowdfunding site. Or you…

Galaxy Digital and Block.One Lead $30 Million Funding Round for US Disruptor Bank

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Cryptocurrency-focused merchant bank Galaxy Digital and Block.One have led a $30 million Series A investment round in U.S. neo-banking platform Good Money. The news was confirmed by a press release Dec. 10. Aiming to balance user ownership with part donation of profits and equity, Good Money provides banking services and a handful of associated financial instruments to U.S. account holders. The investment came mostly via Galaxy and Block.One’s joint Galaxy EOS VC fund, one of several funds under the Block.One umbrella. “Modern banking is a primary driver of so many…

Ethereum Classic (ETC) Development Team Shuts Down Operations Due to Funding

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In a tweet only hours old, the team in charge of development at Ethereum Classic (ETC), threw in the towel citing funding difficulties that made it hard for them to continue operations. The tweet included a screenshot of an announcement from ETCDEV’s founder and CTO, Igor Artamonov, that stated the following: As is publicly known we have struggled with funding our operation in the last few weeks. This was partially due to the market crash, combined with a cash crunch in the company. We appealed to investors in the ecosystem…

Decentralized Exchange Concludes $15 Mln Funding Round Supported by Huobi and OKCoin

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Decentralized cryptocurrency exchange BHEX Exchange has concluded a $15 million funding round with support from major exchanges like Huobi and OKCoin, according to a press release shared with Cointelegraph Nov. 29. Per the release, BHEX’s new round of funding was conducted with participation from leading industry players, including Huobi Global, OKCoin, and Genesis Capital, among others. BHEX’s investment subscription has purportedly attracted over 70 investment institutions, while Blue Helix selected 40 to participate in the first round of investment. Apart from digital asset exchange, the company provides custody and clearing…

Blockchain Capital Leads $12.75 Mln Funding Round for US-Based Securities Tokens Startup

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An American securities tokens startup has closed a Series A funding round led by Blockchain Capital that raised $12.75 million, according to press release exclusively shared with Cointelegraph Nov. 26. Securitize, a technology platform that enables the issuances of digital securities — or security tokens — of any asset, has closed the strategic funding round ahead of the company’s plans to launch a Digital Security Offering (DSO) in 2019. The round also included participation from Coinbase Ventures, Global Brain, NXTP, OK Blockchain Capital, and Xpring at Ripple. Blockchain Capital’s co-founder…

Singapore to Offer Seed Funding to Enterprises to Boost Blockchain Adoption

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Twitter Facebook LinkedIn The government of Singapore will offer financial incentives in order to grow the blockchain ecosystem in the country. According to The Business Times, the Infocomm Media Development Authority (IMDA) which falls under Singapore’s Ministry of Communications and Information will offer seed funding to players in the media and ICT sector. This is with a view of incentivizing them to develop platforms which link special interest groups in the blockchain space, solution providers as well as other related groups. In order to obtain seed funding from the IMDA,…