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Tag Archives: Venture

Korea’s Crypto Industry Condemns Exclusion Plan from Venture Firms List

Crypto exchanges and blockchain startups in South Korea are protesting against a recent legislative proposal by the government to exclude the industry from recognized venture businesses. In a proposal outlined by South Korea’s Ministry of SMEs and Startups this week, the government body revealed its intention to exclude the blockchain industry, including cryptocurrency exchanges, from the government’s official classification list ...

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LINE Launches Token Venture Fund

LINE, the Japanese messaging giant, has today announced the launch of its token venture fund. The Token venture fund will have a capital commitment of $10 million USD via LINE’s subsidiary, Unblock Ventures. Unblock Ventures was recently established in Hong Kong in only July of this year. Token Venture Fund The publicly traded LINE made the announcement earlier today and ...

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Japan’s Messaging Giant LINE Sets Up $10 Million Hong Kong Blockchain Venture Fund

Japanese social messaging app LINE announced the creation of a $10 million blockchain venture fund Wednesday, August 15, as part of its expansion into the cryptocurrency market. Launched via Hong Kong-based subsidiary unblock corp., the fund contains funds from fellow LINE sister outfit LVC Corporation. “Additionally, unblock ventures’ token fund is expected to expand in the future, according to the ...

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South Korean Ministry Drops Cryptocurrency Exchanges From Venture Enterprise Classification

The government of South Korea announced it had excluded cryptocurrency exchanges from legislation governing venture businesses in a press release issued Monday, August 13. The brief document from the country’s Ministry of Small and medium-sized enterprises (SMEs) and Startups (MSS) explained that contrary to previous decisions, it would now place exchanges alongside bars and nightclubs as businesses that it would ...

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Venture Capital Firm to Launch $10 Million Crypto, Blockchain Investment Fund

Singapore-based venture capital firm Golden Gate Ventures will launch a $10 million fund for investments in blockchain and cryptocurrency companies, Reuters reported August 10. Golden Gate Ventures (GGV), one of the leading venture capital firms in Southeast Asia, will invest in early-stage companies including cryptocurrency exchanges, security providers, and blockchain tech startups through the LuneX Ventures fund. Local tech media ...

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‘No Coffee for Bitcoin,’ Starbucks Clarifies as Media Misrepresent Its New Crypto Venture

Starbucks has clarified that it will not be accepting Bitcoin (BTC) or other cryptocurrencies as payment, despite misleading reports from mainstream media, a spokesperson told Motherboard Friday, July 3. Earlier on Friday, New York Stock Exchange (NYSE) operator the Intercontinental Exchange (ICE) announced plans to create a new “global platform and ecosystem for digital assets,” dubbed “Bakkt,” alongside a group ...

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Galaxy Digital LP Trades on TSX Venture Exchange

Mike Novogratz, a former Goldman Sachs Group Inc. partner, is far past the point of no return with his Bitcoin merchant bank. Galaxy Digital LP trades on TSX Venture Exchange as of today says Bloomberg, despite the crypto market’s bear movement in 2018. Galaxy Digital LP Trades on TSX Venture Exchange Galaxy Digital, former Goldman Sachs partner Mike Novogratz’s crypto ...

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Tech Venture Investor: SEC Approval for a Bitcoin ETF is Not Far Away

The CEO of the Fatfish Internet Group believes that Bitcoin will continue to increase in price in the short-term. Kin-Wai Lau spoke about the market experiencing a “second wave rally,” as well as the Bitcoin ETF proposed to the SEC. Kin-Wai Lau: Second Wave Rally is “Very Strong” Kin-Wai Lau appeared yesterday on CNBC’s “The Coin Rush” segment. There, he ...

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Spotlite USA Confirms Its Kodak KashMiner Venture Is Canned

There have always been concerns as to whether or not Kodak was ever interested in the cryptocurrency industry. The corporation was allegedly linked to a new Bitcoin miner, although the company issuing this hardware has confirmed that will not happen. The Kodak KashMiner will never make its way into people’s homes, which is not entirely surprising. No Kodak Bitcoin Miner ...

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