Tag: category-/Finance/Investing

The Garage opens in Paris as Europe’s largest blockchain incubator

A coalition of blockchain researchers, entrepreneurs, and investors have opened a massive new blockchain incubator called “The Garage” in Paris as part of an effort to enhance Europe’s position as a hub for the emerging technology. The incubator in the Paris city center spans three floors of a building, totaling 5,000 square feet. The goal […]

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Facebook comparing Libra to the open internet rings hollow

“The question that has been motivating us is: Can we do for money what the internet has been doing for information?,” said Kevin Weil, co-creator of the Facebook-led digital currency Libra and VP of product for Facebook subsidiary Calibra. “The financial system feels a little bit similar to what the telco system did 25 to […]

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HTC launches Exodus 1s smartphone with built-in Bitcoin wallet in Europe

HTC has launched its flagship Exodus 1s smartphone in Europe and a limited number of other countries as part of its attempt to drive universal cryptocurrency trading and usage. The HTC Exodus 1s has a full Bitcoin node embedded in the device’s hardware, allowing users to buy, sell, send, receive, lend and borrow cryptocurrency. Today, […]

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Facebook’s Libra shrugs off defections as it announces 5-member board

(Reuters) — Backers of Facebook’s Libra cryptocurrency project pledged to forge ahead after selecting a five-member board on Monday, shrugging off the latest member defection by online travel company Booking Holding earlier in the day. “It is a correction; it’s not a setback,” said Dante Disparte, head of policy and communications for the Libra Association, […]

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eBay, Stripe, Mastercard, and Visa leave Facebook’s Libra Association

(Reuters) — Facebook’s ambitious efforts to establish a global digital currency called Libra suffered severe setbacks on Friday, as major payment companies including Mastercard and Visa quit the group behind the project. The two companies announced they would leave the association Friday afternoon, as did eBay, Stripe, and Latin American payments company Mercado Pago. They […]

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PayPal becomes first member to leave Facebook’s Libra Association

(Reuters) — U.S. payments processor PayPal said on Friday it was leaving Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra, making it the first member to exit the group. PayPal said it would forgo any further participation in the group and would instead focus on its own core businesses. […]

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Everledger raises $20 million to track assets with blockchain tech

Everledger, a London-based startup developing and maintaining an immutable ledger for asset ownership, today announced that it’s secured $20 million in series A funding led by Tencent, with participation from with from Graphene Ventures, Bloomberg Beta, Rakuten, Fidelity, and Vickers Venture Partners. It brings the company’s total raised to $30.4 million following a $10 million […]

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France’s $5.5 billion startup fund is a bid for digital sovereignty

The global startup race is often measured by quantitative markers, like venture capital or unicorns. But the more intangible measure of sovereignty is increasingly on the minds of policy makers outside the U.S. and China. These tech superpowers’ growing might is provoking global anxiety, but it’s also being used as a rallying cry. Last week, […]

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Cryptokitties creator Dapper Labs raises $11 million and unveils Flow blockchain

Dapper Labs, the company behind CryptoKitties and upcoming projects such as NBA Top Shot, has raised $11 million in funding. It also unveiled the development of Flow, a new blockchain built to enable decentralized applications at scale. The largest investor in the round was Andreessen Horowitz’s crypto fund, with participation from new investors Accomplice, AppWorks, […]

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Libra Association launches bug bounty program

As promised, the Libra Association has launched a bug bounty program for its cryptocurrency, offering up to $10,000 in rewards to participants who find critical flaws in the Libra testnet code. This development comes despite the G7 and U.S. Congress raising concerns about the risk of Libra being transformed into a sovereign currency that could […]

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Steam disables payments in local Argentinian currency

One of the Steam marketplace’s most important features is its ability to accept local currencies from countries around the world. Valve has done a ton of leg work to make that happen, which opens up the potential for games to find new audiences. But dealing with multiple world currencies means that you sometimes have to […]

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Fund That Flip raises $11 million to finance home makeovers

Fund That Flip, a New York- and Cleveland, Ohio-based marketplace lender of residential real estate loans, today announced that it’s secured $11 million in funding from Edison Partners. Founder and CEO Matt Rodak said that the capital infusion, which brings the startup’s total raised to nearly $15 million, will be used to scale distribution around […]

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Animoca Brands buys Quidd for up to $8 million as it moves into blockchain collectibles

Animoca Brands has agreed to acquire Quidd, a maker of a digital collectible marketplace with 6.8 million unique users. The purchase price is as much as $8 million. The move is part of Animoca Brands‘ long-term effort to marry blockchain technology — the transparent and secure digital ledger — with sellable digital merchandise such as […]

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Snap is raising $1 billion to invest in content, AR, and possible acquisitions

(Reuters) — Snap on Tuesday said it will raise $1 billion in short-term debt and plans to invest in more media content, augmented reality features, and may also buy other companies. The parent company of the popular disappearing messaging app Snapchat has revived its user growth and stock price after a rough 2018. It introduced […]

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The tokenization of securities is happening right now and no one is noticing

On July 10, the SEC officially cleared blockchain startup Blockstack to hold the first regulated security token offering under Reg A+ crowdfunding rules. This means that after years of back-and-forth with the SEC, Blockstack now has the regulatory green light to raise $28 million by selling Bitcoin-like, tokenized (digital asset) securities to the public, the first compliant […]

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U.S. senators: Facebook should not be trusted with ‘crazy’ cryptocurrency plan

(Reuters) — Democratic and Republican lawmakers said on Tuesday that Facebook’s track record of what they described as untrustworthiness should stand in the way of it launching a digital currency, labeling the plan “delusional” and “crazy” at a Senate hearing. Facebook is fighting to get Washington onside after it shocked regulators and lawmakers with its […]

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Nexon becomes majority investor in Patrick Söderlund’s Embark Studios

Nexon announced today that it has increased its investment in Embark Studios, becoming the new majority share holder of the company. Nexon is a South Korea-based company that focuses on PC multiplayer games like Tera and mobile titles like the strategy-based DomiNations. Embark is based in Stockholm, Sweden. The young studio started in 2018 and […]

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Slack IPO starts trading at $38.50 for $23 billion valuation

Slack’s IPO started with a bang as the first trade was priced at $38.50, giving the company a $23 billion valuation, well above the expected $16 billion. The workplace communication collaboration platform had reportedly projected a $26 per share opening price that would have valued it at $15.7 billion. Within the first two hours of […]

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Slack IPO dares investors to bet company can stop hemorrhaging red ink

The cultish devotion to Slack in offices around the worlds will propel the workplace collaboration platform to a $16 billion IPO today. But investors who have fallen under the charms of this hotter-than-hot unicorn are about to plunge their money into an extremely risky public offering. The idea that Wall Street only wanted IPOs from […]

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Facebook’s Libra cryptocurrency faces privacy concerns and political backlash

(Reuters) — Facebook announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns. The social networking giant has linked with 28 partners including Mastercard, PayPal, and Uber to form Libra Association, a Geneva-based entity governing the new digital […]

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Smartlands Launched Unique Platform for Crowdfunding Investment, Becomes the First to Tokenize Property in the UK

The first regulated blockchain-based crowdfunding company in the UK, Smartlands, enables fractional ownership in real economy assets with unprecedentedly low buy-in opening institutional-grade opportunities to retail investors LONDON–(BUSINESS WIRE)–June 11, 2019– The growing demand for alternative income and the advent of blockchain technology are challenging the traditionally closed institutional investment club. Until now, the sky-high […]

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Azarus raises $1.8 million for blockchain-based competitive gaming challenge platform

Azarus has raised $1.8 million from some well-known investors to build out its blockchain-based “Smart Challenge” platform, which offers gamers the ability to compete for digital assets in both casual and competitive gaming challenges. The money comes from from Galaxy Digital via its Galaxy EOS VC Fund, Kleiner Perkins, and SVK Crypto, among others. Launched […]

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