The post Overstock subsidiary Medici Ventures invests in VinX appeared first on CoinReport.
Binance Labs, the venture arm of the leading cryptocurrency exchange, has invested several million dollars into CertiK, a startup that provides blockchain and smart contract audits and verification. According to a press release provided to SludgeFeed, CertiK has partnered with Binance Labs to accelerate the impact of its unique technology into the broader blockchain space. CertiK’s platform leverages […]
Binance announced it has invested $ 2.5 million USD in Brisbane, Australia based company TravelbyBit. TravelbyBit services the travel and tourism industry, allowing travelers to book their journeys using crypto as payment. TravelbyBit has also built a point-of-sale (POS) terminal for merchants who wish to accept crypto as payment.
Binance intends for the cash infusion to help TravelbyBit expand its crypto POS system in airports worldwide. TravelbyBit has already successfully installed one of their POS terminals at Brisbane Airport.
In September, Bitcoinist reported that cryptocurrency use in Australia has recently doubled.
On October 5, 2018, an article published by Bloomberg stated that Yale University’s Investment Office, under the stewardship of famed manager David Swensen, has put an allocation toward Paradigm, a new cryptocurrency fund that has raised $ 400 million dollars. CNBC added onto the report by stating Yale had also invested in Andreessen Horowitz’s $ 300 million crypto fund prior to the fund’s capital raising close in June.
Yale University’s $ 29.4 billion endowment fund was the top-performing endowment over the past fiscal year, and now it has made a new bet on the future of digital assets. According to a recent report by CNBC, David Swensen, who’s known as Yale’s ‘Warren Buffett,’ has invested in Andreessen Horowitz’s $ 300 million dedicated crypto fund. While Swensen’s investment in crypto is […]
Binance has announced a $ 2.5 million investment in Australian travel startup TravelbyBit in a move to introduce a blockchain-based, point-of-sale (POS) payment system across major airports around the world. Travelers will be able to visit local merchants at select international airports and use mobile wallets like Coinomi and Dash Wallet for POS payments. There are also plans to add support for Binance’s official mobile wallet Trust Wallet.
“There is no better fit than being able to use your crypto when traveling, just after you land in a foreign country, where you may not have the local currency,” Changpeng Zhao, CEO of Binance, stated in the announcement.
Australian cryptocurrency payments startup Travelbybit has seen a cash injection of $ 2.5 million from a high-profile investor in Binance, the world’s largest cryptocurrency exchange. Crypto unicorn Binance is investing AUD $ 3.48 million (approx. USD$ 2.5 million) in TravelbyBit to further expansion of the latter’s network of cryptocurrency payment terminals following a successful implementation in Brisbane earlier
The post $ 2.5 Million: Binance Invests in Aussie Crypto Payments Startup to Push Adoption appeared first on CCN
Binance Labs, the venture arm of the leading cryptocurrency exchange, has reportedly invested in Contentos (COS), a project building a public blockchain for decentralized content creation, to support its technical development and global community building. Following our partnership announcement w/ @OntologyNetwork and @NEO_Blockchain , @BinanceLabs has announced an investment in Contentos. Please welcome @BinanceLabs; we are excited […]
The Fan-Controlled Football League (FCFL), has announced the addition of legendary NFL quarterback and venture capitalist Joe Montana, who will join the cryptocurrency-powered league as an investor and chief strategic adviser. Sometimes hailed as a “real-life Madden,” the FCFL is a blockchain-based real-world sports league where fans make all the decisions including deciding team play calls,
The post Gridiron Legend Joe Montana Invests in Cryptocurrency-Powered Football League appeared first on CCN
Andreessen Horowitz has made a major investment in a cryptocurrency project that algorithmically adjusts the supply of coins to keep their value stable. The American venture capital firm, which has invested in crypto startups like CryptoKitties and OpenBazaar in the past, purchased 6 percent of the total supply of MKR tokens through its $ 300 million
The post Andreessen Horowitz Invests $ 15 Million in MakerDAO’s Algorithmic Stablecoin appeared first on CCN
Singapore-based cryptocurrency exchange KuCoin has marked its foray into Australia with a multi-million investment in a regulated domestic exchange, part of a new joint venture. The Australian Financial Review is reporting that KuCoin has invested the AUD $ 3 million investment in Bitcoin Australia, a domestic exchange that enables bitcoin trading and ethereum buying, enabling the
The post Singporean Crypto Exchange Invests $ 3 Million in Bitcoin Australia for International Expansion appeared first on CCN
Bittrex, a US-based cryptocurrency exchange platform, has announced its investment in Palladium, a blockchain firm based in Malta. This investment is the latest in a series of partnerships and collaborations between the two companies.
Details of the Investment Deal
According to the Times of Malta, the investment deal sees Bittrex buying up a ten percent stake in Palladium.
Bittrex now joins Unikrn and Investar Holdings as the other shareholders in the company. The former owns 15 percent while the latter, a holding company owned by Prof. Paolo Catalfamo, holds the remaining 85 percent.
Toyota Motor Corp. has joined Uber Technologies Inc. in a plan to bring self-driving cars to the road. According to reports by Bloomberg and The Wall Street Journal, Toyota will be investing about $ 500 million in a funding round that values Uber at roughly $ 72 billion. The reports indicate that Toyota is set to manufacture […]
Chinese bitcoin mining equipment manufacturer Bitmain has invested an undisclosed amount in blockchain data storage startup Lambda, the latter announced last Friday. Bitmain Expands its List of Portfolio Companies The new investment will see to Lambda further developits “secure” blockchain-based infrastructure and decentralized applications, commonly known as dApps. The Singaporean startup has already conducted a tokenized
The post Bitcoin Mining Giant Bitmain Invests in Blockchain Data Storage Startup appeared first on CCN
SBI Holdings is making a new round of investment in a cryptocurrency exchange that’s under increased scrutiny from the country’s financial regulator.
In today’s edition of Bitcoin in Brief we cover stories about Shapeshift acquiring Bitfract, Bitmain investing in Tribeos, a dozen regulators from around the world setting up a global fintech sandbox and an ICO mogul reportedly buying a soccer team.
Shapeshift Acquires Bitfract
Shapeshift AG has announced the acquisition of Bitfract, an Austin, Texas-based software firm which recently developed a service that allows users to swap from one cryptocurrency to many in an instant. Following the sale, the tool will be maintained and continue to operate, and the functionality that the platform provides (multiple output transactions) will be incorporated into Shapeshift’s core platform in the near future.
Former Wall Street macro trader and vocal Bitcoin proponent Mike Novogratz has expanded his involvement in the cryptocurrency field, investing $ 15 million in a startup company which aims to facilitate the launch of trading platforms and tokenizes assets through blockchain-based technology. Despite the current market correction, Novogratz remains overly positive towards the field in general.
Investing in the Future of Cryptocurrencies
Mike Novogratz, Founder and CEO of Galaxy Digital Capital Management, announced on Thursday that his asset management firm had invested $ 15 million in a startup which helps businesses build cryptocurrency exchanges and tokenize assets. The company in question – AlphaPoint – is also working closely with The Royal Mint and CME Group on developing a trading platform for digital gold. Joining AlphaPoint’s Board of Directors will be Galaxy Digital Capital Management’s managing director, Greg Wasserman.
Singapore’s leading cryptocurrency based crowdfunding platform FundYourselfNow(FYN) is taking a step further and helping the promising Blockchain Projects in raising funds, through FYN’s Funding Arm – J Capital, which recently invested $ 700,000 USD in Codex Protocol this year.
Founded in 2017, J Capital is an investment firm which primarily focuses on ventures, tokens and projects that are based on blockchain & digital currencies. J Capital aims to catalyse the future and bring about widespread blockchain adoption to improve the lives of millions around the globe.