#investment

Singapore Government-Backed Tribe Accelerator To Release Blockchain-Based Engagement Platform

Blockchain Valley Ventures Launches New Unit in Singapore as Part of Asia Expansion Plans

November 13, 2018 by Priyeshu Garg at Bitcoin, Finance, News, Platform, Tech

Blockchain Valley Ventures (BVV), a Switzerland-based venture capital firm and accelerator, has announced it is launching a new regional unit in Singapore. The company revealed the move during the Singapore Fintech Festival on November 12, 2018. BVV’s Asian Expansion With the island nation as their next stop, the Swiss blockchain firn...

Chinese Court: Bitcoin Is Property and Protected by Law

November 7, 2018 by Cindy Huynh at Bitcoin, Finance, News, Regulation

A Chinese Court recently ordered a company in a civil dispute to repay a misappropriated amount of cryptocurrency, setting a legal precedent for cryptocurrency-related disagreements. According to a Finance Magnates’ article published on November 5, 2018, despite China’s 2017 cryptocurrency ban, the Shenzhen Court recognized in the civil dispute that...

Bitfury Labeled Wallet Bursting with Cash

Mining Giant Bitfury Raises $80 Million in Closed Funding Round

November 6, 2018 by Priyeshu Garg at Bitcoin, Business, Finance, Investment, Mining, News

Bitfury, a San Francisco-based provider of blockchain infrastructure, has just closed an $80 million funding round led by venture capital firm Korelya Capital, the company announced in a press release on November 6, 2018. $80 Million Private Placement for European Blockchain Unicorn Bitfury Bryan, Garnier & Co, the leading European...

Crypto Marketplace Paxful Demand for Cryptocurrency Reveals Growing on the African Continent

November 2, 2018 by Pratik Makadiya at Adoption, Bitcoin, Blockchain, Exchange, News

Cryptocurrency trading has widely been spread across the world, with significant concentrations collecting in Asia during recent years. On October 31, 2018, the peer-to-peer Bitcoin marketplace Paxful claims that the number of transactions from African consumers has soared significantly in recent times, mostly fueled by African millennials’ interest in the...

Changing Fintech Sentiment Attracts $600 Million from Warren Buffet’s Berkshire Hathaway

November 1, 2018 by Nigel Dollentas at Business, Finance, Investment, News

Changing sentiment towards the blend of finance and technology, commonly referred to as the Fintech sector, has now seen Warren Buffet investing $600 million into the industry, according to a Wall Street Journal article published October 30, 2018. Investment Details The money is split between two large companies in emerging...

Canadian Regulators Warn Investors about Scam Crypto Firms

November 1, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Business, Crime, Finance, Investment, News, Regulation

In a bid to sanitize the local finance ecosystem, the British Columbia Securities Commission (BCSC), one of the thirteen provincial financial watchdogs in crypto-friendly Canada, has warned investors to be wary of Eyeline Trading, an unregistered firm that claims to offer cryptocurrency trading and other bitcoin-linked investment products to clients,...

Cyprus Follows in Malta’s Lead, Announces Blockchain Development Partnership with VeChain and CREAM

October 31, 2018 by Priyeshu Garg at Altcoins, Blockchain, Exchange, News, Platform, Tech

Singapore-based blockchain infrastructure developer VeChain is set to embark on a groundbreaking partnership with the Mediterranean country of Cyprus to develop blockchain solutions for public service delivery and governance according to an announcement on October 26, 2018. Operating Framework Invest Cyprus, the national Investment partner of the Republic of Cyprus...

Coinbase Raises $300 Million in Serie E Funding Round Led by Tiger Global

October 30, 2018 by Shaurya Malwa at Business, Exchange, Finance, Investment, News, Regulation

Establishing its dominance as the “Google of Cryptocurrencies,” San Francisco-based cryptocurrency exchange Coinbase raised $300 million in a recent Series E Round, as reported by Fortune on October 30, 2018. Coinbase a Crypto “Unicorn” As stated in a blog post, the $300 million round was led by New York-based Tiger...

Bakkt’s Bitcoin Futures Contracts to go Live in December

October 25, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Blockchain, Exchange, Finance, Investment, News, Platform, Tech

Intercontinental Exchange (ICE), which is the parent company of the New York Stock Exchange (NYSE) has announced that its recently established cryptocurrency exchange, Bakkt, will launch physically-settled daily bitcoin futures contracts on December 12, 2018, according to a notice by ICE on October 22, 2018. Bitcoin Futures Gets December Launch As...

Binance to Launch a Crypto Exchange in Singapore After Landing Vertex Investment

October 25, 2018 by Priyeshu Garg at Altcoins, Blockchain, Finance, News, Platform, Tech

Binance, a blockchain company that runs one of the largest cryptocurrency exchanges in the world, has announced an investment from Vertex Ventures to open a crypto-to-fiat exchange in Singapore, Bloomberg reported on October 23, 2018. Vertex Invests in Binance to Expand in Singapore Vertex Ventures, the venture capital arm of...

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