Decentralized identity solutions might be blockchain’s killer app. LG has partnered with United States-based company Evernym to develop blockchain ID technology. Asian financial news outlet Aju Business Daily reported on May 26 that LG CNS — LG’s IT services subsidiary — signed a memorandum of understanding with Evernym. The collaboration between the two firms aims […]
Continue ReadingA recent Andreessen Horowitz report says crypto is in its growth stage, but critics say the industry is yet to create end-use value. The crypto space is well over a decade old with more than 5,500 different cryptocurrencies and a market capitalization north of $250 billion. Researchers at American venture capital firm Andreessen Horowitz say […]
Continue ReadingBitcoin survived last week’s halving, but it’s only a matter of time before BTC miners flee, say “death spiralists.” Are they right? Bitcoin (BTC) halvings are a little spooky, sort of like the witching hour, and one of the prophecies being murmured about last week was something about a Bitcoin network death spiral. This idea, […]
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Top venture capital firm Andreessen Horowitz looked at four key metrics for three cycles of cryptocurrency showing consistent growth. Venture capital firm Andreessen Horowitz thinks the past growth of social media, developers, prices, and startups among cryptocurrencies could mean a crypto cycle favorable to investors in the future. The United States-based company released a report […]
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Japan-based JCB is partnering with local venture capital firm TECHFUND to create a sustainable blockchain-based transaction system. The biggest credit card issuer in Japan, JCB, has partnered with technology accelerator TECHFUND to build a sustainable transaction system on the blockchain. According to a May 15 statement released by JCB, the partnership will utilize TECHFUND’s expertise […]
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Despite heavy losses in VC funding across the crypto sector at large, DeFi lending firms saw a more than 50% increase in fundraising during April. A report published by venture capital research firm, Ana.vc, has revealed a 57% decline in crypto funding from VCs over the month of April. Despite the decline in overall investment, […]
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SBI Holdings started a joint venture fund with Redstone Digital, BitFlyer exchange aired a commercial, and more headlined news from Japan this past week. This week’s headlines from Japan included SBI Holdings pairing up with Redstone Digital for a joint venture fund, LayerX teaming up with GMO Aozora for digitalization research, Decurret working to put […]
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Amid the COVID-19 slowdown, institution-facing liquidity aggregator FalconX has raised $17 million from top VCs in the crypto space. Institution-facing liquidity aggregator, FalconX, has announced a $17 million fundraising round including participation from Coinbase Ventures, Accel, and a venture capital firm associated with FMR LLC — the parent company of Fidelity Investments. FalconX will use […]
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Mike Novogratz’s Galaxy Digital has been accepted into the Toronto Stock Exchange’s sandbox, with hopes of graduating onto its senior platform after 12 months. Crypto venture capital firm and trading desk, Galaxy Digital Holdings, has been granted conditional approval to participate in the Toronto Stock Exchange’s TSX Sandbox. Announced during April last year, TSX’s sandbox […]
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Telegram’s TON network and coin were destined to fail with regulators, experts say. So, what’s left of the project? Telegram Open Network is off to a very uncertain future. Earlier this week, Telegram CEO Pavel Durov announced his company’s “active involvement with TON” was over, following a drawn-out legal battle with the United States Securities […]
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