funding Archives - Page 88 of 124

Iceland’s Financial Regulator Approves Blockchain-Powered E-Money Firm

June 14, 2019cashtechnews

The Financial Supervisory Authority of Iceland approved a ConsenSys-backed blockchain firm to operate as e-money business. The Financial Supervisory Authority (FME), Iceland’s sole financial regulator, has approved the first blockchain-powered e-money firm in the country, crypto media outlet CoinDesk reported June 14. Reykjavik-based Monerium, backed by blockchain software company ConsenSys, has reportedly been approved by […]

Cryptocurrency Exchange Bitfinex Announces a LEO Token Burn Initiative

June 14, 2019cashtechnews

Cryptocurrency exchange Bitfinex announces a burn initiative for its utility token LEO. Cryptocurrency exchange Bitfinex announced a LEO burn initiative in a Medium post published on June 14. Per the announcement, the initiative will see the exchange’s parent company iFinex funnel its gross revenue into purchasing LEO tokens at market prices in what the post […]

Conglomerates’ Deep Pockets Continue Blockchain Growth in South Korea Despite Crypto Ban

June 13, 2019cashtechnews

A tough crypto regulatory stance has not discouraged Korea’s largest companies from investing in blockchain. Unlike in other countries, where startups are at the heart of blockchain development, the South Korean blockchain landscape has “chaebols,” large, family-owned business conglomerates in Korea, at its heart. Just about every month, reports and announcements of large South Korean […]

Swedish Bitcoin-Powered Mobile Refill Service Bitrefill Raises $2M to Expand Services

June 13, 2019cashtechnews

Stockholm-based digital gift cards and mobile phone refill provider Bitrefill raised $2 million in a seed round led by Coin Ninja. Swedish crypto-powered mobile refill service Bitrefill has closed a seed round of $2 million to expand its services, crypto media outlet The Block reports on June 13. The Stockholm-based company offers mobile service top-ups […]

Internal Power Struggle at MakerDAO: When Coding and Personal Interests Collide

June 13, 2019cashtechnews

Chaos at the headquarters of MakerDAO: Why have some key members left the company, while others hired a lawyer? In the crypto industry, there are many examples of how a conflict of interest has led to a company split. Perhaps, the largest ones are the forks of bitcoin (BTC), bitcoin cash (BCH) and the Ethereum […]

Ethfinex Launches DAO as Executives Consider Regulatory Landscape

June 13, 2019cashtechnews

The exchange’s co-founder called the move a regulatory play following the turmoil at affiliated platform Bitfinex. Cryptocurrency exchange Ethfinex, the sister exchange of Bitfinex, has launched a test decentralized autonomous organization (DAO), the company confirmed in a blog post on June 12. Ethfinex — which earlier this month launched a decentralized over-the-counter (OTC) trading platform […]

Napster Creator’s Blockchain Firm Helium Releases IoT Hotspots

June 12, 2019cashtechnews

Helium releases blockchain-based hotspots with Wi-Fi and sensor capabilities, and intends for them to eventually provide a network of seamless IoT coverage. Napster creator Shawn Fanning’s new company Helium has released its internet of things (IoT) wireless hotspot devices with a blockchain-based incentives program, according to an official blog post by Helium on June 12. […]

General Motors Leads $23M Funding Round for Spring Labs Blockchain Firm

June 12, 2019cashtechnews

Blockchain startup Spring Labs recently raised $23 million in Seed A funding round, says funds will go towards security products built on its Spring Protocol blockchain platform. United States-based blockchain startup Spring Labs has raised $23 million in a Seed A funding round, according to a press release on June 12. Spring Labs will purportedly […]

DOrg LLC Purports to be First Legally Valid DAO Under US Law

June 11, 2019cashtechnews

DAO collective dOrg has created dOrg LLC, an Ethereum-based DAO with legal status in the United States. Decentralized Autonomous Organization (DAO) developer cooperative dOrg has created a limited liability company (LLC) to grant its native DAO legal status, according to a report by independent law firm Gravel & Shea on June 11. As its name […]

Standard Tokenization Protocol Raises $750K in Eight-Second Token Sale

June 11, 2019cashtechnews

The initial exchange offering comes weeks after Standard Tokenization Protocol raised $7 million in two private funding rounds. A token sale for Standard Tokenization Protocol (STP) raised $750,000 and sold out within eight seconds, a news release claimed on June 11. The project says it offers an open-source, decentralized standard for the tokenization and issuance […]

Tag: funding

Iceland’s Financial Regulator Approves Blockchain-Powered E-Money Firm

Cryptocurrency Exchange Bitfinex Announces a LEO Token Burn Initiative

Conglomerates’ Deep Pockets Continue Blockchain Growth in South Korea Despite Crypto Ban

Swedish Bitcoin-Powered Mobile Refill Service Bitrefill Raises $2M to Expand Services

Internal Power Struggle at MakerDAO: When Coding and Personal Interests Collide

Ethfinex Launches DAO as Executives Consider Regulatory Landscape

Napster Creator’s Blockchain Firm Helium Releases IoT Hotspots

General Motors Leads $23M Funding Round for Spring Labs Blockchain Firm

Standard Tokenization Protocol Raises $750K in Eight-Second Token Sale

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