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Tag Archives: firms

US Stablecoin Project Basis Raises $133 Mln From Major VC Firms

The US-based Blockchain project Basis (formerly known as Basecoin), which claims to provide a non-volatile cryptocurrency or stablecoin, has recently raised $133 mln in funding from big name investors, according to an official blog post published today, April 18. Basis announced today that they had raised $133 mln in private placement from a slew of major venture capital players, including ...

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European VC Firms Show a Keen Interest in ICOs and Blockchain

Cryptocurrency has been very speculative in nature for as long as most people remember. Given the recent price swings, one would expect there to be less interest in Bitcoin. In Europe, the opposite trend is forming, as VCs flock to virtual currencies en masse. Major VC firms are buying into sales of new coins and even ask investors for their ...

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Japan Has Become a Cryptocurrency Haven, Multi Billion Dollar Firms Launch Exchanges

Japan is quickly becoming a global center for blockchain ventures and cryptocurrency firms. Despite the region’s colorful history–involving Mt. Gox, for example–the local authorities see merit in these new technologies in the global cryptocurrency industry. Major local conglomerates have begun to enter the sector, with some of them operating cryptocurrency exchanges. Japan’s Checked History With Bitcoin When people discuss Bitcoin, ...

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Australian Firms Sign Landmark Blockchain Deal – The Merkle

Australia’s Hunter Energy has signed a deal with IOT Group that could help resolve the country’s electricity problem. The agreement seeks to build a blockchain center inside the Redbank coal-fired power station. This blockchain center will provide cheap electricity for blockchain applications. Details of the Deal The deal will give Australia direct access to wholesale electricity prices. This will in ...

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Coinbase Ventures Seeks to Invest in Early-Stage Cryptocurrency Firms – The Merkle

Coinbase remains one of the biggest cryptocurrency exchanges in the world. When the firm hinted at a major announcement, people simply expected it to announce the listing of various new currencies. Instead, the company made it clear it would launch a venture fund to invest in early-stage blockchain companies. That’s not the exciting news people were looking for, but it’s not a bad business decision ...

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Overstock CFO To Leave For Same Job At Firm’s Blockchain Subsidiary DeSoto

Robert Hughes, Senior Vice President of Finance and Risk Management at Overstock is resigning from his position to join a Blockchain venture that also involves Overstock’s CEO and founder Patrick Byrne, The Wall Street Journal reported April 6. According to a press release published on Market Exclusive, Hughes notified Overstock that he is leaving the company on April 2 and ...

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Fintech Firm’s Stock Drops By 30 Percent Following Announcement of SEC Investigation

Following the announcement of an investigation by the US Securities and Exchanges Commission (SEC) into is business, stock value of the fintech firm Longfin dropped by 30 percent, CNBC reported April 3. Longfin disclosed the investigation in a public 10-K filing to the SEC on April 2. Longfin shares closed 30.89 percent lower today, trading at $9.89 a share. This ...

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Venture Capital Firms Pull Back From Fintech Investment, Recent Report Shows

Equity funding in capital markets fintech was “down 52% in 2017,” a White Paper by the Boston Consulting Group (BCG) concluded March 16. In 2017 fintech ventures secured $570 mln funding in the capital markets ecosystem, compared with $1.18 bln and $1.19 bln in 2015 and 2016 respectively. BCG’s dataset covered 903 companies. BCG isolated a pullback of venture capital ...

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Massachusetts Regulator Halts Five Firms’ ‘Unregistered’ ICO Sales

The Massachusetts Securities ‎Division has recently issued consent orders requiring permanent suspension of five Initial Coin Offerings (ICOs), citing that the firms are selling ‘unregistered securities’, as Finance Magnates reported on Tuesday, March 27. According to official data, Massachusetts Secretary of the Commonwealth William Francis Galvin ordered five firms, Mattervest, Pink Ribbon ICO, Across Platforms, ‎Sparkco, and 18 ‎Moons to ...

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