Kenetic, a Hong Kong-based cryptocurrency firm, and Tora, a trading systems firm, recently joined forces to supply institutional traders with better crypto tools. The new initiative has led to the creation of Caspian, a project that has raised $ 16 million in funding following a token presale. According to David Wills of Kenetic, Caspian was built […]
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E-Commerce Startup Stripe Expands to Brick-and-Mortar Retailers
Stripe, the San Francisco-based startup known for processing online payments, has expanded its product offerings to include a checkout solution for brick-and-mortar retail stores, according to a report by Recode. Their latest product, Stripe Terminal, offers a payment solution for fast-growing businesses that sell products online and in physical locations. Digital-first brands, including Glossier and […]
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Stellar Startup Merges with Chain, to Reborn as Interstellar
San Francisco-based distributed ledger technology company Chain has been acquired by Lightyear, an entity powered by the Stellar network in an undisclosed agreement. Announced last week, Lightyear will be re-named to Interstellar concurrent with the merger, a company release states. Chain, that builds enterprise-grade blockchain products backed by financial giants Visa, Nasdaq, and Citigroup, will offer its cloud product,
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WeWork Acquires Workplace Software Startup Teem for $100 Million
WeWork, a shared workspace company that has continuously ridden the line between tech and real estate, is about to begin selling its first software product. The company recently announced that it will acquire Teem, a Salt Lake City-based office management software startup for $ 100 million, according to two sources provided to Wired. The six-year-old company […]
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A Failed Idea – The CEO of India’s Biggest Startup Incubator Gets Facts Wrong As He Tears Into Bitcoin
Bitcoin has succeeded as an asset but has failed terribly as a currency. It has only gained traction within a very small niche following, lacking any use in real-world transactions. It only handles a very small number of transactions compared to its competitors like Visa, all while consuming large amounts of energy which further makes it unsuitable for mainstream use. This is according to Jay Krishnan, the CEO of India’s largest startup incubator and a venture advisor to SRI Capital, a VC firm with investments in augmented reality, e-commerce and industrial automation. Krishnan tore into Bitcoin in an op-ed for the Economic Times, calling it a failed idea. However, the startup veteran got many of his facts wrong, including the fees charged for a transaction which he greatly exaggerated.
India’s Biggest Startup Incubator CEO [Falsely] Says Bitcoin Failed Due to $20 Fees
According to Jay Krishnan, the CEO of T-Hub, India’s largest startup incubator & venture advisor to SRI Capital, Bitcoin has failed due to $ 20 transaction fees. Except that since December, for over nine months, the median transaction fee of Bitcoin has remained below $ 0.2. In December 2017, the demand for Bitcoin and other major cryptocurrencies … Continued
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Plus Token and WBF Jointly Started the Global Startup Conference, the First Stop in South Korea Was Grandly Held.
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BMW Partners Blockchain Startup to Develop Customer Lending Solution
BMW Group financial services has announced its partnership with blockchain startup Bloom in a bid to streamline its customer journey and user experience, per a Medium post. Bloom helps to make the traditional lending process easier hence helping to reduce the risk that consumer data is exposed to. Individuals can secure their data on their
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Binance Labs and NEO Invest in Blockchain Gaming Startup Cocos-BCX
Blockchain gaming startup Cocos-BCX announced today that it has closed a $ 40 million financing round led by top cryptocurrency companies, including Binance Labs and NEO Global Capital, as well as more traditional venture capital firms, including 500 Startups. I just published “Cocos-BCX Welcomes Binance Labs, NEO Global Capital, 500 Startups as Strategic Investors” https://t.co/lGa98J8z92 — […]
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Exchanges Roundup: Startup Targets Crypto Micro-Investments, Kraken Denies Halifax Closure
In recent news pertaining to cryptocurrency exchanges, Perth-based Bamboo has announced it will launch an app designed to easily facilitate micro-investments in cryptocurrencies, Kraken has rejected an internet rumor that claimed the company had closed a Canadian facility amid security concerns, and Roboforex has increased the leverage available on its cryptocurrency markets to 1:50.
Also Read: Kucoin Expands Into Australia After $ 3M Bitcoin Australia Deal
Australian Startup to Facilitate Micro-Investments in Crypto Markets
Bamboo, a Perth-based startup, has announced its intention to facilitate micro-transactions into cryptocurrencies through its app. The company plans on launching in Australia and the United States later this year.
The Daily: Revolut to Launch in North America, US Startup Presents Telegram Alternative
Digital bank Revolut is planning to expand its operations in America and Russia. Also, payment card provider Fuzex signs an agreement with Dash, a US-based startup offers an alternative to Telegram, and crypto firm Smart Valor receives approval as a financial operator in Switzerland.
Also read: Robinhood Aiming for IPO, Dodgers to Give Away Crypto Tokens
Revolut Enters Markets in America, Canada, Russia
UK-based online bank Revolut has some serious plans for expansion this year which include North America and the Russian Federation. Its cofounder and CEO Nikolay Storonsky recently revealed that the waiting list in the US now numbers 60,000 potential customers. Storonsky announced the plans to launch in the United States and Canada during the Techcrunch Disrupt conference noting that his company intends to start issuing its cards no later than December.
Former PayPal COO Joins Security Token Startup 0x in Advisory Capacity
Former Paypal COO David Sacks has joined 0x, an open protocol used for token trading in an advisory role, according to Fortune. Sacks, who is the co-founder of Harbor and a partner at Craft Ventures — a compliance service for token sales — shared the news via a tweet. The move is expected to create an
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Australian Startup to Enable Users Invest in Crypto with Spare Change
An Australian fintech startup based in Perth is giving users the opportunity to invest in crypto without going out of their way, using spare change from their electronic transactions to carry out micro-investments in crypto portfolios. Through its app, Bamboo says that it will improve access to investment opportunities and enhance user understanding of the … Continued
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Bittrex Purchases Stake In Malta Blockchain Startup
Bittrex, which is one of the world’s leading cryptocurrency exchanges, has recently bought a 10% stake in the Malta-based blockchain company Palladium, according to recent media reports. Bittrex, founded in 2014, provides digital wallets, real-time trade execution and other security practices.
Palladium was launched to much fanfare back in July this year, with Joseph Muscat – the Prime Minister of Malta – making a speech at the launch event. Mr Muscat claimed that the recent development was the next in a step to turn Malta into the “blockchain island”.
Continue reading Bittrex Purchases Stake In Malta Blockchain Startup at Crypto Daily™.
This Startup Lets You Store Your Bitcoin With Synthetic DNA
Long-term cryptocurrency investors can now leverage the building blocks of life to achieve the ultimate form of cold storage. Switzerland-based startup Carverr has recently launched a platform to convert cryptocurrency private keys and passwords into DNA, providing a completely secure, non-degradable system for long-term digital asset storage. The tiny drop of water you see inside this […]
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News Giant Associated Press Partners Blockchain Journalism Startup Civil
The Civil Media Company and The Associated Press (AP) have announced a partnership to license AP news content for use by newsrooms that use Civil. The news was revealed in a blogpost on Civil’s website on Tuesday, August 28. Potential Synergy Between Civil and AP Under the terms of the agreement, AP will deliver news content
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Cryptocurrency Startup Dfinity Raises $102 Million to Build ‘Internet Computer’
Cryptocurrency startup Dfinity has raised another $ 102 million to fund the development of its “world computer,” bringing its total capital intake to nearly $ 200 million. Announced on Wednesday, the funding round was led by a16z crypto, Andreessen Horowitz’s dedicated cryptocurrency fund, and crypto hedge fund Polychain Capital. The two firms were also joint leaders in
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UAE Startup Launches First-Ever Sharia-Compliant Islamic Crypto Exchange
Adab Solutions, a UAE-based crypto startup has announced the launch of the First Islamic Crypto Exchange (FICE), the only crypto exchange in the world that is designed to be in compliance with Sharia law. Islam and Crypto According to a report from Trade Arabia, an in-house Sharia Advisory Board (SAB) made up of independent international Sharia
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N.Y. Judge Rules in Favor of CFTC, Permanently Bans Crypto Startup
A New York judge has issued a court order permanently banning a New York-based crypto promoter whose firm was accused of defrauding investors and failing to deliver on its promises. In his ruling, Judge Jack Weinstein stated that the crypto firm, CabbageTech Corp., had defrauded investors using false statements, and ordered its operator, Patrick McDonnell, to pay more than $ 1 million in restitution and penalties. The ruling brings to an end a process that kicked off in January when the U.S. Commodities and Futures Trading Commission charged McDonnell with fraud and misappropriation of funds.
Housemate Search Startup Bungalow Raises $14 Million Series A Round
Bungalow has recently raised a $ 14 million Series A round led by Khosla Ventures to bring relatively affordable options to participants searching for places to live with others. With the aid of Atomic VC, Cherubic Ventures, Wing Ventures and Founders Fund, Bungalow raised a $ 50 million debt facility that has contributed to its home growth […]
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