Binance Labs recently announced the launch of eight projects which have been incubated over the course of the last few months. The San Francisco chapter of Binance Labs ended its ten-week Incubation Program which focused on providing guidance, mentorship, and resources to each project. Over 500 project teams applied for the program, and after an intensive review
The so-called “hash war” over the future of bitcoin cash is over and it’s up to market forces to decide the fate of its two rival cryptocurrencies.
The Swiss government has announced a new legislative approach to blockchain regulation in an official report. The document recognizes the technology as one of the most important recent developments for the financial sector in stimulating the country’s economy.
A Swiss Innovation Paradise
According to the report, the Swiss Federal Council’s main focus is on “ensuring the integrity and reputation of Switzerland as a financial center” and on better positioning the country to “exploit the opportunities offered by digitalization.”
According to Barry Silbert, the founder and CEO of Digital Currency Group (DCG), many venture capital funding deals in the crypto sector have fallen apart in the past few months as a result of the 12-month bear market. Silbert, who oversees the operations of one of the largest venture capital firms in crypto with investments
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Months after publishing a “blockchain call” to startups that could benefit humanity, the United Nations International Children’s Emergency Fund (UNICEF) has invested in six blockchain startups. In January 2018, UNICEF called for early-stage technology startups that were registered in one of UNICEF’s programme countries. It received over 100 applications from 50 different countries. The organization
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Digital Currency Group, an investment firm focused on the digital currency industry, has announced the creation of Metaverse Ventures, a new VC fund focused entirely on startups building in the Decentraland (MANA) blockchain VR ecosystem. We are thrilled to announce @Metaverse_VC, a @DCGco company fueling the development of @decentraland! If you are building products for the decentralized metaverse, […]
Crypto-asset companies can now apply for licenses to handle as much as 100 million Swiss francs ($ 100 million) in public deposits under new regulations published on Dec. 3 by Switzerland’s Financial Market Supervisory Authority (Finma). The development underscores the European country’s efforts to promote technological innovation, as in the past only commercial banks were allowed to receive such large deposits.
Companies Cannot Reinvest or Pay Interest on Deposits
There is a catch, however. Blockchain and cryptocurrency-related businesses that are granted the fintech licenses to manage large amounts of investor funds “may not invest” or “pay interest” on the deposits, according to the new guidelines, which go into effect on Jan. 1, 2019.
Silvergate Bank CEO Alan Lane shared his approach to serving the cryptocurrency industry with bankers at the Block FS conference.
As initial coin offerings (ICOs) begin to face increasing regulatory scrutiny, blockchain and cryptocurrency startups are beginning to turn towards more traditional forms of funding. According to a recent report by Outlier Ventures, the total year over year growth of venture capital investments in the cryptocurrency industry surged a whopping 316% to $ 2.85 billion through […]
Dutiful CCN readers may recall this journalist’s questioning of the Paragon ICO over a year ago. Paragon responded to that article with legal threats, as noted in the author’s subsequent analysis of the initial coin offering in question. Now that some time has gone by, and the whole market capitalization of Paragon is about a
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In the crypto bull market of late 2017, when tokens reached a valuation of tens of billions of dollars, blockchain networks comfortably surpassed the valuation of commercial companies in the cryptocurrency ecosystem. At the time, for venture capital investors, direct investments in digital assets and cryptocurrencies seemed substantially more profitable than early-stage funding rounds in
The post Crypto Startups More Valuable Than Blockchains — Can the Trend Change? appeared first on CCN
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It’s safe to say that the blockchain industry is thriving at the moment. Whilst this is a good thing, it does make it very hard for us to pick out promising blockchain ideas that are calling out for our investment. Overall, the industry is a maze of startups, new ideas and growing innovations. It’s exciting to be a part of, and it’s an industry that is going to be cooking for many, many years to come.
American Inno have recently published an article that highlights their 11 most exciting blockchain startups, across 11 different cities, we want to dive into this to pick out a few of our favourites.
Nigeria’s financial technology startups have called on the Central Bank of Nigeria (CBN) to provide legal guidelines for the cryptocurrency and blockchain industry. A lack of regulation is driving investment out of Africa’s biggest economy to areas like Rwanda and Europe while fomenting uncertainty, according to the Electronic Payment Practitioners Association of Nigeria (E-ppan).
Lack of Regulation Drives Capital Away
Technology startup accelerator Boost VC has announced that it is accepting applications from crypto startups to join Tribe 12, its latest accelerator program cohort. Since 2012, Boost VC has graduated several cohorts with more than 75 crypto-related projects including prominent blockchain projects like Etherscan, Aragon, and MyCrypto. According to the announcement, which appeared in a Medium post,
China’s central internet regulator has issued strict rules targeting blockchain companies and entities operating in China. The Cyberspace Administration of China has published draft regulations on Friday demanding blockchain-based information service providers to register users using real names, national identification numbers, censor postings and store user data. The regulations follow an open letter posted by a Chinese student activist
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The U.S. Securities and Exchange Commission (SEC) announced today the launch of a “New Strategic Hub for Innovation and Financial Technology.” In a surprising move, the project — dubbed “FinHub” — allows blockchain innovators and initial coin offering (ICO) operators, among other fintech stakeholders, to speak with the SEC directly on rules and market integrity. As the
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The investment arm of the Ethereum Classic (ETC) project, Ethereum Classic Labs, recently revealed plans to back as many as 24 startups per year in an effort to expand its ecosystem. According to a recent interview with Elizabeth Kukka, Program Director at ETC Labs, the new incubator program has launched with an initial cohort of 6 projects, […]
The post SEC subpoenas many more ICO-funded startups, pushes many earlier served firms to settle cases appeared first on CoinReport.
Dragonfly Capital Partners, a new crypto-focused venture capital firm, has announced the launch of its first $ 100 million fund dedicated to investments in crypto assets. Its investors include Okex, Bitmain and other well-known names in the industry.
Meet Dragonfly Capital Partners
Dragonfly promises to invest in three types of assets: crypto-native funds, “pick-and-shovel” tech startups and decentralized protocols and applications. It launches with a portfolio of more than 20 investments, including cryptofunds and asset managers, the stablecoin Basis, Spacemesh and Oasis Labs.