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Tag Archives: Venture

New Study Reveals an Increase in Venture Capital Investment in …

Traditional venture capitalist (VC) investments are leveraging the decline in initial coin offerings (ICO) as the cryptocurrency industry tries to find bearing amid regulatory shifts and losses across the crypto markets. The negative toll on ICOs has seen them drop overall to 70 percent less than their initial values, according to a new report. Rise of VC Investment A report ...

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South Korea Rejects Crypto Exchanges as Venture Firms, Taxes to Double

In a blow to the industry, the government of South Korea has stuck with its legislative proposal to exclude the cryptocurrency and blockchain industry from being certified as venture firms. First proposed by South Korea’s Ministry for Small and Medium Enterprises (SMEs) and Startups in August, the revision to the law called for Korea’s domestic blockchain industry, including cryptocurrency exchanges, ...

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Venture Capital Investment in Blockchain and Crypto Up 280% in 2018, Report Shows

“Traditional” venture capital (VC) investment in blockchain and crypto firms has almost tripled in the first three quarters of 2018, according to a new Diar report published September 30. Diar cites data from Pitchbook that indicates that blockchain and crypto-related firms have raised almost $3.9 billion in VC capital in so far this year — a 280 percent rise as ...

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TEMCO Secures Investment from No. 1 Korean Venture Capital “Korean Investment Partners”

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. TEMCO, ...

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Ripple Announces $105 Million Charity Venture for Education, Financial Inclusion Projects

Ripple is launching a formal social impact program, dubbed “Ripple for Good,” according to a press release published September 27. The initiative will pool $25 million from the firm together with $80 million in donations to invest in projects focused on education and financial inclusion. The press release states that Ripple is still assessing which projects will form a part ...

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South Korean Government to Exclude Sale, Brokerage of Digital Assets from Venture Business

South Korean cabinet ministers have agreed to exclude digital assets trading companies from venture business classification, Business Korea reported September 27.   Back in August, the country’s Ministry of Small and Medium-sized Enterprises (SMEs) and Startups (MSS) had already excluded cryptocurrency exchanges from legislation governing venture businesses, Cointelegraph reported. During the recent cabinet meeting held under the Prime Minister Lee ...

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Crypto Industry Reps, Lawmakers, Venture Capitalists to Discuss Regulatory Landscape

Representatives from U.S.-based financial giants and cryptocurrency startups will meet with Washington lawmakers this Tuesday to discuss the regulatory landscape, CNBC reported September 24. The roundtable dubbed “Legislating Certainty for Cryptocurrencies” will reportedly be hosted by Rep. Warren Davidson (R-Ohio). The attendees will address the issue of policy-making regarding the new asset class in the run-up to the introduction of ...

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New Multibank-Backed Venture to Leverage Blockchain for Commodity Trading

A new venture involving institutional heavy hitters from across banking, trading and energy sectors is tapping into the Ethereum blockchain to settle commodity trades. Headquartered in Switzerland, the initiative called komgo SA brings together ABN AMRO, BNP Paribas, Citi, Crédit Agricole Group, Gunvor, ING, Koch Supply & Trading, Macquarie, Mercuria, MUFG Bank, Natixis, Rabobank, Shell, SGS and Société Générale. The ...

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Cryptocurrency Firm Pantera Capital Seeks $175 Million For Third Venture Fund

Pantera Capital, which has pioneered investments in cryptocurrency assets, has set its goal for its third venture fund at $175 million, surpassing the $25 million raised for its second fund and the $13 million from its first one, according to TechCrunch. A new filing for a Pantera venture fund offering with the Securities and Exchange Commission notes the company has raised ...

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