Stripe Worth $35 Billion After Raising $250 Million in New Funding Round

Online payments processor Stripe has raised another $250 million in a new funding round, which pushes its pre-money valuation to a whopping $35 billion. Total funding in the billions On Sept. 19, Stripe announced the additional funding was sourced from investors including venture capital firms General Catalyst, Sequoia and Andreessen Horowitz. Coming from a $9.2 billion valuation in 2016, San Francisco-based Stripe was valued at $22.5 billion after raising $245 million in the beginning of 2019. Overall, the U.S. fintech startup has raised roughly $1.2 billion since its inception. The company, also…

Stanford Grads’ Crypto Network Hits Half a Million Users in 6 Months

A smartphone-focused cryptocurrency network created by a group of Stanford graduates has amassed over half a million users. The Stanford Daily reported on Sept. 16 that the project — dubbed the Pi Network — has consolidated its user base in under six months since its launch in March of this year. “Social security circles” The Pi Network was launched by a team of four: an anthropologist, two computer scientists and a business major (Chengdiao Fan Ph.D. ’14, Nicolas Kokkalis Ph.D. ’13, visiting student researcher Aurélien Schiltz and Vince McPhilip M.B.A.…

Tron’s Justin Sun is Giving Away $1.2 Million in Support for Andrew Yang’s UBI Initiative

As part of the UBI initiative to weather the onslaught of automation, Tron’s Justin Sun give $1000 to 100 people every month from next year totaling $1.2 million in one year. Justin Sun, the founder and CEO of the Tron Foundation, has pledged his support for Andrew Yang’s initiative of universal basic income (UBI). In the latest, the U.S. Democratic Presidential Candidate Andrew Yang said that he will donate his campaign funds giving away $1000 to 10 people every month, starting next year in 2020. Justin Sun, who usually prefers…

Harbor Tokenizes $100 Million in Real Estate Funds on Ethereum Blockchain

The startup Harbor announced a partnership with Seattle-based real estate investment firm iCap Equity to tokenize $100 million in real estate funds. On Sept. 16, Harbor announced in a blog post that iCap Equity is using Harbor’s blockchain-enabled platform to improve its liquidity in four of its real estate funds which manages over $100 million in assets. Harbor created the tokens on the Ethereum blockchain, which represent portions of the funds. The partnership between the two companies will allow iCap Equity’s investors and placement agents to buy and sell iCap…

Biggest BTC ATM Network Coinme Raises $1.5 Million From Ripple’s Xpring

Coinme, a global leader in cryptocurrency ATMs, secured $1.5 million in funding from Ripple’s Xpring and the Blockchain Finance Fund to develop its cryptocurrency ATM network in the U.S. and international markets. One of the most famous providers of kiosks and ATMs for cryptocurrencies, Coinnme, managed to raise $1.5 million in a Series A-1 financing round that incorporates Ripple’s branch Xpring and Blockchain Finance Fund. Earnings from the funding will be deployed for auxiliary licensing in order to develop its U.S. and international coverage. Co-founder and CEO Neil Bergquist commented…

Biggest BTC ATM Network Coinme Raises $1.5 Million From Ripple’s Xpring

One of the most famous providers of kiosks and ATMs for cryptocurrencies, Coinnme, managed to raise $1.5 million in a Series A-1 financing round that incorporates Ripple’s branch Xpring and Blockchain Finance Fund. Earnings from the funding will be deployed for auxiliary licensing in order to develop its U.S. and international coverage. Co-founder and CEO Neil Bergquist commented that Coinme is the company that is licensed to operate Bitcoin ATMs in 29 states and shall register for the forward state licenses in the next few years. As for international markets,…

Major BTC ATM Network Garners $1.5 Million From Xpring and New VC Fund

Ripple’s Xpring and Blockchain Finance Fund have invested $1.5 million in Seattle-based crypto ATM startup Coinme. Coinme secures $1.5 million in funding On Sept. 12, Coinme, a global leader in cryptocurrency ATMs, announced that it had secured $1.5 million in funding from Ripple’s Xpring and the Blockchain Finance Fund to further develop its cryptocurrency ATM network in the U.S. and international markets. Coinme, in partnership with Coinstar, powers the world’s largest Bitcoin (BTC) ATM network, with over 2,600 kiosks across the United States. Neil Bergquist, co-founder and CEO of Coinme…

Blockchain Startup Blockstack Raises a Whopping $23 Million In SEC-Qualified Reg A+ Token Offering

More than 4,500 individuals and entities participated and ponied up more than USD$23  million in the first US Securities and Exchange Commission (SEC) qualified and regulated Regulation A+ token offering issued by Blockstack PBC (including both their SEC-qualified token offering and investors outside the United States made under Regulation S). advertisement Major investors include Union Square Ventures, Lux Capital, Recruit Holdings, Arrington XRP Capital, Hashkey Group, Fenbushi Capital, Frontier Ventures, Spartan Group, and various other funds. Blockstack PBC, a public benefit corporation at the heart of the Blockstack ecosystem, is…

Santander Issues $20 Million End-To-End Blockchain Bond on Ethereum

Major Spanish bank Banco Santander has issued what it claims is the first end-to-end blockchain bond.  In a Sept. 12 news release, the bank revealed that it had issued a $20 million bond directly onto the Ethereum (ETH) blockchain, where it will remain until the end of its one-year maturity. Faster, cheaper and simpler than legacy systems Santander has claimed that its use of blockchain technology for end-to-end bond issuance represents a first step towards a potential secondary market for mainstream security tokens. As the news release outlines, Santander issued…

Blockstack Raises $23 Million USD in First Regulated Token Offering

Blockstack has raised $23 million USD in the first-ever token offering approved by the US Securities and Exchange Commission. Blocskstack PBC, which is a decentralized computing network aiming to antiquate data breaches and trust violations, first announced the token sale in July, having received SEC approval to raise up to $28 million USD in a Reg A+ compliant offering. The breakdown of the token offering consisted of $15.5 million USD raised through the sale of  74.3 million Stacks tokens through its Reg A+ sale in the US, and an additional…