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Tag Archives: Raising

Crypto Exchange KuCoin Proved its Legitimacy by Raising $20 Million

Twitter Facebook LinkedIn Singapore-based KuCoin, a major crypto exchange with an active and loyal user base, has secured $20 million in a funding round led by $20 billion venture capital firm IDG. Michael Gan, the CEO of KuCoin, wrote, “Today, we are thrilled to announce that we have closed our Series A Round of Funding, raising $20 million (USD) from ...

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Crypto Hedge Funds are Still Raising $100 Million+

Twitter Facebook LinkedIn Throughout 2018, the cryptocurrency market has lost 75 percent of its valuation. Yet, crypto hedge funds are raising hundreds of millions of dollars from accredited investors and institutions.   On November 1, CCN reported that Grayscale Investments, a subsidiary company of cryptocurrency venture capital behemoth Digital Currency Group, raised more than $330 million from both existing and ...

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Terrorists Not Having Much Luck Raising Money Through Cryptos, Fiat Still The Most Preferred

Remember when crypto skeptics said that cryptos would replace fiat currencies as the preferred funding method for terrorists? It turns out they were wrong, at least for now. According to witnesses who testified before the U.S Congress Subcommittee on Terrorism and Illicit Finance, crypto hasn’t taken root as the go-to financing method for terrorist groups who still prefer to use ...

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Ripple Madonna Partnership | Ripple Joins Raising Malawi

Ripple is back at it again with the partnerships. A few months ago, it seemed like there was a new Ripple partnership or donation every week. Then things slowed down. This week, the Ripple I know is back. This week, we’ve heard about the Ripple Madonna partnership. And it’s true. Ripple Madonna Partnership: Another One! On Monday, pop icon Madonna ...

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Tezos Foundation Announces Investor KYC and AML Procedure One Year After Raising Money

Even though it appears the Tezos team has successfully addressed most of the problems holding the project back, more controversy looms on the horizon. More specifically, the team has made it clear they will perform thorough KYC and AML checks for all investors. It’s a remarkable decision, considering that those users contributed nearly a year ago. More Worries for ...

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Months After Raising a $100 Million ICO Kik Founder Calls Blockchain”Unconvincing”

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. At the True North tech conference earlier this week, Kik CEO Ted Livingston expressed his surprising opinion about blockchain: “Almost nobody should be looking at it.” Kin Founder Belittles the Blockchain What made the statement highly pessimistic is the fact that Livingston raised over $100 million via ...

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Envion ICO Turns Into a Legal Battle Despite Raising $100M – The Merkle

The initial coin offering industry is plagued by scams, shady projects, and a lot of miscommunication. In the case of the Envion ICO, the founders are suing Matthias Woestmann and his corporation for breaching contractual obligations. This legal action against the shareholders of Envion AG, registered in Switzerland, doesn’t bode all that well for this particular project. What is Going on ...

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Telegram Cancels ICO After Raising Nearly $2 Billion in Private Money

Telegram has scrapped ICO plans after record-breaking private fundraising, and plans a new form of digital payment system on their own network. ICO isn’t needed after raising $1.8 billion in private funds Telegram Group Inc. announced that it is ending plans for public fund raising since it has raised so much money from private investment. Originally the startup messaging service created by Russian ...

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Telegram Cancels Public ICO After Raising $1.7 Billion in Presale

Join our community of 10 000 traders on Hacked.com for just $39 per month. Encrypted messaging app Telegram has decided against holding a public initial coin offering (ICO) to fund the development of its “third-generation blockchain.” Citing sources familiar with the matter, the Wall Street Journal reports that the Pavel Durov-led firm determined that it is pleased with the $1.7 ...

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