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Tag: funding

Novogratz Invests $15M in Cryptocurrency Startup

Category: Altcoins, Bitcoin, Business, Finance, News, Tech

Novogratz Invests $15M in Cryptocurrency Startup

Billionaire investor and former hedge fund manager Michael Edward “Mike” Novogratz has invested $15 million in blockchain startup AlphaPoint Corp., a company that assists institutions in the creation of cryptocurrency exchanges. With this effort, the 53-year-old increased his investment in the cryptocurrency and blockchain sector, supporting the acceleration of growth of AlphaPoint, the leading exchange technology platform provider. The Rise…

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Popular Trading App Robinhood Raises $363 Million in Push to Become World’s Largest Crypto-Exchange

Category: Altcoins, Bitcoin, Business, Finance, News

Popular Trading App Robinhood Raises $363 Million in Push to Become World’s Largest Crypto-Exchange

Venture capital funds may not understand blockchain technology, but fully realize the economic benefits they stand to gain once the sector earns widespread momentum. Several blockchain companies have previously raised millions of dollars in fundings via ICOs or traditional methods, and it seems like companies related to the sector are raking in huge amounts of capital as well. Putting Mammoth…

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President Nicolas Maduro Set to Create Youth Bank Funded by Petro Cryptocurrency

Category: Altcoins, Finance, Mining, News, Regulation

President Nicolas Maduro Set to Create Youth Bank Funded by Petro Cryptocurrency

The Petro flame seems to be burning ever brighter despite the condemnations and criticisms that the Venezuelan national cryptocurrency has faced both locally and internationally since its arrival in February 2018. On May 3, 2018, the nation’s president has revealed that Venezuela is on the verge of establishing a youth bank that will be funded entirely by the oil-backed petro…

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Fintech Firm Revolut’s Revenues Skyrockets Fueled by Cryptocurrency Integration

Category: Altcoins, Bitcoin, Blockchain, Business, Ethereum, Finance, News

Fintech Firm Revolut’s Revenues Skyrockets Fueled by Cryptocurrency Integration

Blockchain technology and cryptocurrencies are indeed revolutionizing the world and have already endowed many fortunes. UK-based digital banking alternative, Revolut, is one such startup reaping the dividends of cryptos as it’s now valued at a whopping $1.7 billion thanks to its digital currency integration. A Forward-Thinking Crypto Maneuver In December 2017, Revolut began offering cryptocurrency services to its clients, making…

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Telegram Takes Flight In Paper Plane Protest; CEO Offers Bitcoin Bounties for Proxies

Category: Bitcoin, News, Regulation

Telegram Takes Flight In Paper Plane Protest; CEO Offers Bitcoin Bounties for Proxies

Russia banned the app after the company refused to hand over encryption keys to unscramble messages. In response, activists took to the streets with paper planes, launching the small colored origami models at the cold facade of the Kremlin. Flying Planes for Internet Freedom The performance lasted no longer than fifteen minutes, and some protestors, including Pussy Riot’s Maria Alyokhina,…

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Leading VC Firm Raises $1.5 Billion to Fund Bitcoin and Cryptocurrency Startups

Category: Bitcoin, Finance, News

Leading VC Firm Raises $1.5 Billion to Fund Bitcoin and Cryptocurrency Startups

Prominent venture capital firm and growth stage investor Institutional Venture Partners (IVP) has revealed its new $1.5 billion fund that will focus on early-stage startups in the bitcoin and cryptocurrency sectors. Over the past two years, IVP has experienced significant success in funding bitcoin startups. In August 2017, IVP invested $100 million in Coinbase, the world’s largest bitcoin wallet platform…

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