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The Celo Foundation raised $10 million for its blockchain platform Celo in a dutch auction on CoinList on May 12.The auction sold out within 12 hours, with Celo Gold (cGLD) tokens selling for roughly $1 each. Token holders will be able to participate on the Celo platform.509 purchasers from 62
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Klaytn, the public blockchain platform developed by Ground X, an affiliate of the major South Korean internet company, Kakao, joined Celo’s Alliance for Prosperity on May 8.Celo, a distributed ledger technology, or DLT, based decentralized application and stablecoin platform and prominent rival to Facebook’s Libra project, has now attracted nearly
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Bison Trails has announced support for the Celo open network, which enables smartphone users to send crypto directly to a phone number instead of a blockchain address.The added support means that users will be able to transfer value using Celo's stablecoin pegged to the U.S. dollar on the Bison Trails
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Open-source payments network, Celo (cGLD), announced on March 31 that it had awarded $700,000 in developer grant funding to 16 startups looking to build on the Celo network. CryptoX spoke to Xochitl Cazador, the head of ecosystem growth at cLabs — the company behind Celo — to discuss what they
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Open-source payments network Celo has announced its first round of development grant recipients.A press release shared with CryptoX states that Celo has awarded $700,000 in grants to 13 different companies who are looking to build on top of the network, contribute to the development of the Celo platform, or
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Several members of the Facebook-backed Libra Project have announced their alliance with a rival stablecoin project known as Celo. Since the middle of March, members that have joined the Celo Alliance for Prosperity include, among many others, Coinbase Ventures, Anchorage Mercy Corps, Andreessen Horowitz and Bison Trails Co. The
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Sharing is caring!Open Source project Celo, backed by over 80 companies and individuals, including prominent venture funds, C-level operators, academics, and experts across a wide range of fields such as C-Labs, Andreessen Horowitz, Polychain, Winklevoss Capital and others, is calling for blockchain innovators to join the eight-week long CeloCamp. Celo Camp
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The Silicon Valley crypto startup cLabs, focused on mobile payments and the Celo blockchain project, is following another precedent from Facebook’s Libra playbook by launching an industry association through a separate Celo Foundation.Dozens of blockchain companies and investors – including Libra Association members Coinbase, Andreessen Horowitz, Bison Trails and Anchorage
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Investors from Silicon Valley to Switzerland are whispering about it. The team behind that project, C Labs, is combining the ethereum and Libra models with a $30 million war chest from the likes of Polychain Capital and Andreesen Horowitz (a16z).And with their stablecoins and reserve baskets, the shared backing of
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There are more than 60 contributors to the Celo project internationally, including the World Bank Group and the UN; tech firms like Google, Square, Microsoft and Apple; financial companies such as PayPal and Morgan Stanley; and academics from MIT, Stanford, Harvard and Berkeley. Source
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