Recent Posts

Sharing Economy Startup Origin Raises $28 Million in SAFT Sale

Origin, the startup behind a platform for peer-to-peer services, has raised $28.5 million through a Simple Agreement for Future Tokens (SAFT) sale. The funding was revealed in a Form D filing published Tuesday by the U.S. Securities and Exchange Commission. Per the document, 190 investors took part in the sale, …

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Bain, Lightspeed Back First ICO With $133 Million Basis Funding

It turns out investors are interested in central banking alternatives. Announced Wednesday, Basis (formerly known as Basecoin) has raised $133 million (most of which was reported last week in an SEC filing) in an initial coin offering (ICO), a round that featured an all-star cast of investors originally first revealed …

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What Crypto Exchanges Are Saying About New York’s New Inquiry

Some of the startups named today in the New York Attorney General’s cryptocurrency exchange “inquiry” say they welcome the move. As CoinDesk reported on Tuesday, the office of New York Attorney General Eric Schneiderman has launched an inquiry into 13 cryptocurrency exchanges. The exchanges named were Coinbase’s GDAX, Gemini, bitFlyer …

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Bitcoin Price Defends $8K But Pullback Still in Play

Bitcoin (BTC) remains on the hunt for a major bullish breakout after bouncing back from an overnight dip. Prices hit a four-day low of $7,823 yesterday reportedly due to whale dumping over $50 million-worth of the cryptocurrency in one Bitfinex trade. The news that New York’s attorney general is taking …

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Riot Blockchain Has Been Subpoenaed By the SEC

Riot Blockchain, the Nasdaq-listed company that made headlines last year after its pivot to cryptocurrency related services, has received a subpoena from the U.S. Securities and Exchange Commission. The disclosure was made in Riot Blockchain’s annual report, which was released on April 17. The company said in its filing that …

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Police Bust Alleged $13 Million Crypto Pyramid Scheme

Police in China’s northwestern city of Xi’An have arrested the founders of a claimed nationwide cryptocurrency pyramid scheme that allegedly amassed 86 million yuan ($13 million) from over 13,000 people. According to a report from local media source Huashang News, Wednesday, the scheme launched in March 28 this year after …

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Huawei Unveils Hyperledger-Powered Blockchain Service Platform

Telecommunications and smartphone provider Huawei has become the latest tech giant in China to launch a blockchain-as-a-service (BaaS) platform. Announced at Huawei’s analyst conference in Shenzhen on Tuesday, the company’s new platform, dubbed Blockchain Service, is said to enable companies to develop smart contracts on top of a distributed ledger …

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Cambridge Analytica Planned ICO Before Facebook Controversy: Reports

Cambridge Analytica, the firm that faced much criticism over its misuse of Facebook user data, had reportedly planned to organize its own initial coin offering (ICO) before the news broke. According to a Reuters report citing anonymous sources on Thursday, Cambridge Analytica was originally expecting to raise around $30 million …

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250 Corporates Join ICICI Bank Blockchain Test

Banking giant ICICI is moving ahead with a previously revealed blockchain trade finance initiative. Announced Tuesday, the India-based company has enlisted more than 250 corporates to undertake domestic and international trade finance transactions using ICICI’s blockchain platform. Corporate firms have signed up on the bank’s blockchain application and are using …

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Crypto Fraudsters Face Jail Time, Warns Philippines Securities Regulator

The Philippines Securities and Exchange Commission (SEC) has officially warned against 14 cryptocurrency investment schemes seeking to attract consumers in the country. In an advisory statement issued Wednesday, the regulator listed the names of the 14 investment projects, including Onecash, which was already called out by the SEC in a …

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Crypto Privacy Tokens See Price Lift on Pornhub Deal

The privacy-focused cryptocurrencies are reporting solid gains today, soon after Pornhub announced it will now accept payments in verge’s XVG token. Monero (XMR), the world’s 11th largest cryptocurrency by market capitalization, clocked a four-week high of $232 earlier today and is changing hands at $227 – up 14 percent in …

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Energy Giant BP Says It’s Tested ‘Internal’ Tokens

Energy giant BP would consider partnering with blockchain startups that are doing initial coin offerings, and it’s even tested tokens internally, an executive said Wednesday. Speaking at the Blockchain Expo in London, Julian Gray, the technology director for BP’s digital innovation organization, voiced a common theme: non-financial enterprises are perhaps …

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Bitcoin Mining Hardware Thief Escapes from Prison

The alleged thief behind Iceland’s “Big Bitcoin Heist” has escaped from prison and escaped to Sweden. Sindri Thor Stefansson, who is accused of stealing 600 cryptocurrency mining computers across at least four separate incidents between December 2017 and January 2018, allegedly flew to Sweden on a flight with Iceland’s prime …

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A ‘Yelp for Weed’ Startup Is Launching Its Own Ethereum Token

Cannabis social networking platform MassRoots is developing a crypto token and other blockchain-based applications for its ecosystem of more than one million users. MassRoots outlined its vision in an annual report filed with the Securities and Exchange Commission on Tuesday, adding that it formed a subsidiary – MassRoots Blockchain Technologies …

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Insurance Broker Marsh Working With IBM on Blockchain Platform

International insurance broker Marsh is working with companies like IBM to develop a blockchain-based insurance verification platform. Also involved in the project are insurance non-profit ACORD Corporation and ISN Software Corp., according to Monday’s announcement. Together, the companies are developing the platform – which will help streamline the process by …

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Coinbase Just Bought One of Bitcoin’s Best-Funded Startups

Cryptocurrency startup Coinbase has announced the acquisition of Earn.com, one of the industry’s best-funded startups. A statement released on Monday confirms a previous CoinDesk report in which sources said that Coinbase and other potential buyers were in talks to acquire Earn.com, formerly known as 21 Inc. 21 Inc previously ran …

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