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

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…

Peter Thiel-Backed Electronic Brokerage Firm Tagomi Launches

Tagomi Holdings Inc., an electronic brokerage startup backed by PayPal co-founder Peter Thiel’s venture capital firm, has launched, according to a Dec. 17 press release. Tagomi is an electronic brokerage for digital assets. The firm’s offerings include cross market execution, capital management, post-trading reporting, as well as settlement and custodial services. According to Chief Executive Officer of Tagomi, Jennifer Campbell, the company aims to ease the operational challenges related to trading digital assets. The company caters to clients that “require institutional operational standards.” As Cointelegraph reported in October, institutional investors…

Peter Gabriel, Former Genesis Frontman, Invests in Blockchain Startup for Food Transport

British pop star Peter Gabriel has invested in blockchain startup Provenance, according to a press release July 18. The amount of his investment has not been disclosed. Gabriel jonis a group of investors led by Working Group Capital Fund, Digital Currency Group, Merian Ventures, and Plug and Play. With the new investment, U.K.-based Provenance hopes to expand their products. Provenance’s goal is to create better transparency in food transportation by applying blockchain technology. The company will use the funding from the former Genesis frontman to implement its blockchain-based application with…

EOS Developer Block.One Secures Investments from PayPal’s Peter Thiel, Bitmain’s Jihan Wu

EOS developer Block.one has secured investments from billionaire PayPal co-founder Peter Thiel and crypto mining hardware billionaire Jihan Wu of Bitmain, according to an official announcement today, July 16. Block.one is the creator of the EOSIO software, a blockchain protocol that aims to support decentralized apps (dApps) on an industrial scale. The protocol’s native cryptocurrency EOS is currently ranked fifth in the world with a market capitalization of $7.1 bln.   Other notable co-investors of Block.one’s latest funding round –– of which the exact total is yet to be revealed ––…