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Binance VC arm leads $1.3M raise for decentralized streaming protocol

Binance, the world’s largest cryptocurrency exchange, is funding a major decentralized audio streaming service through its investment and incubation arm.According to an Oct. 23 announcement, Binance Labs led a $1.25 million extension round for Audius, a blockchain-enabled streaming service that connects music fans with artists.The latest investment round follows a

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Fidelity’s VC Arm Leads $13M Series A for Blockchain-Based B2B Network Clear

Clear, the provider of a settlement system that uses blockchain to facilitate cross-border B2B trading, has finalized a $13 million Series A investment round. The Singapore-based startup said Wednesday the round had been led by Fidelity's investment arm, Eight Roads (formerly Fidelity Ventures). The venture subsidiaries of telecommunications companies Telefonica,

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Fidelity Leads $13M Funding Round for Israeli Blockchain Startup Clear

Israeli blockchain startup Clear has raised $13 million in a Series A round led by Fidelity-backed Eight Roads.Clear — which develops blockchain networks for high-volume transaction systems between businesses — announced the round’s completion in a statement via TechCrunch on Feb. 5.Eight Roads is a global venture firm that

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US SEC Imposes $250,000 Penalty, Requires Return of up to $13M for Unregistered ICO

The United States Securities and Exchange Commission (SEC) has reached a settlement with New York-based startup Blockchain of Things Inc. (BCOT) for conducting an unregistered initial coin offering (ICO).On Dec. 18, the SEC announced in a press release that the charges were settled in the form of an order

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Komodo Hacks Itself and Saves Crypto Worth $13M After Learning of Security Vulnerability

Crypto wallet provider Komodo effectively hacked itself to prevent fraudsters from accessing its users’ funds, the company confirmed in a blog post on June 5.Security researchers had alerted the company to a vulnerability in its Agama wallet. Realizing that hackers could strike any moment, Komodo’s cybersecurity team decided to use the

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