Major South Korean messaging app operator Kakao Corp reported $57.5 million in operating expenses related to new tech, including blockchain and AI. South Korean internet giant and messaging app operator Kakao Corp has published its Q4 2018 report that covers blockchain and AI operating expenses, Korean news website ZDNet reports Thursday, Feb. 14. According to […]
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Ripple’s fundraising arm Xpring invests in a startup that develops applications for XRP Ledger. Ripple’s fundraising arm Xpring has invested in XRPL Labs — a startup that develops applications for the XRP ledger, the company announced in a blog post on Feb. 13. Xpring’s director Vanessa Pestritto has announced that Wietse Wind — a long-time […]
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The chief financial officer of crypto exchange Binance — currently the world’s largest by daily traded volume — has said business remains profitable, despite the market downturn. The chief financial officer (CFO) of crypto exchange Binance — currently the world’s largest by daily trading volumes — has said business remains profitable, despite the market downturn. […]
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The prestigious United States public school has launched a 12-week accelerator program for early stage blockchain startups. Prestigious United States public school University of California, Berkeley (UC Berkeley) has launched a 12-week accelerator program for early stage blockchain startups. The launch was reported in an official announcement published on Jan. 28. The Berkeley Blockchain Xcelerator […]
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Six out of the top 20 cryptos by market capitalization are seeing some losses while EOS has climbed over 6 percent. Feb. 12 — cryptocurrency markets are seeing measured growth among the top 20 coins by market capitalization, according to data from CoinMarketCap. Market visualization from Coin360 The biggest cryptocurrency, Bitcoin (BTC), is slightly up […]
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U.S.-based blockchain intelligence firm Chainalysis has raised $30 million in a Series B round led by Accel, citing the stablecoin sector as a positive source of momentum. New York-based blockchain intelligence firm Chainalysis has raised $30 million in a Series B funding round led by venture capital giant Accel, the company confirmed in a post […]
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Morgan Creek Digital’s new major funding news follows CEO Anthony Pompliano’s endorsement of Bitcoin’s potential to avert a pension crisis. United States digital asset firm Morgan Creek Digital has secured $40 million in funding from investors that include two major pension funds, Bloomberg reported Feb. 12, citing a statement from the company. Morgan Creek Digital, […]
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Together with Nvelop, South Korean exchange Bithumb plans to launch a regulated platform this year, according to local reports. South Korean cryptocurrency exchange Bithumb will open a new platform in the United Arab Emirates (UAE), local news outlet The Financial News reported Feb. 12. The UAE-based platform is reportedly to be developed in partnership with […]
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According to venture capitalist Jalak Jobanputra, venture capital valuations have been hit hard by depressed cryptocurrency prices. Venture capital (VC) valuations have been deeply affected by the cryptocurrency bear market, says Jalak Jobanputra, founding partner of Future Perfect Ventures, in an interview with Forbes’ Balancing the Ledger on Feb. 11. Founded in 2014 in New […]
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A look into the crypto part of Forbes’ fresh “Fintech 50” list Recently, Forbes published the fresh edition of its “Fintech 50” list, counting the world’s top financial technology firms. Notably, there are just six crypto and blockchain companies featured this year, while the 2018 list contained 11 players from the field. Given that the […]
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