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Blockchain technology firm, LayerX, has raised about 3 billion yen (equivalent to nearly $28 million) to further blockchain adoption.The Japanese version of Cryptox reported on May 28 that LayerX raised the funds from venture capital firms JAFCO, ANRI, and Yahoo Group. JAFCO board member, Keisuke Miyoshi, commented:“Corona has exposed various
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Porsche has participated in a 5.5 million euros ($5.9 million) funding round for a German startup Gapless — the developer of a blockchain-based vehicle management system.Among other contributors, Gapless saw FinLab EOS VC Fund, a joint venture between Block.one and FinLab, and insurance entrepreneur Kersten Jodexnis, Tech.eu reported on April
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A report from law firm Fenwick & West LLP reveals venture capitalists have tightened spending in light of the economic crisis, spelling trouble for crypto startups looking for investment money.Not only that, but the findings of the report also show deflation in company valuations when compared to pre-pandemic times.Indeed, in
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Blockchain investment company Eterna and venture capital fund Borderless Capital have teamed up to launch Eterna Borderless Venture Studio, to support projects on the Algorand platform. The aim is to drive adoption and growth by providing tools and resources to decentralized app — or DApp — developers and entrepreneurs. Startups
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After failing to source additional funding, blockchain company Factom has begun the process of being liquidated. In an April 2 notice to investors, Factom’s largest investor FastForward announced the “dissolution event”: "The Company has been notified by the directors of Factom that in a board meeting on 31 March 2020 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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Sharing is caring!The International Blockchain Monetary Reserve (IBMR) an economic development reserve and advisory company, say they have raised USD $3.48 M for their ARCC Currency Reserve, a basket of cryptocurrencies that include ALGO, BTC, and BNB. Funding is also available to the tune of USD $700,000 in seed investments
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Crypto derivatives provider Bakkt raised $300 million in its latest financing round even as its core portfolio asset bitcoin suffered huge losses amidst the Coronavirus-led sell-off.According to the announcement, penned by Bakkt’s CEO Mike Blandina, Intercontinental Exchange, PayU, Microsoft’s M12, Goldfinch Partners, Boston Consulting Group, Pantera Capital, and CMT Digital all
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A United States federal court has sentenced a U.S. citizen to 13 years in jail for laundering money for ISIS using Bitcoin and other cryptocurrencies.Per a Department of Justice announcement on March 13, Zoobia Shahnaz of Long Island received a 13-year sentence for working to fund the Islamic State
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On March 4, Twitter topman Jack Dorsey’s digital-assets payment company Square Crypto released a statement showcasing its support for Bitcoin (BTC) development with the creation of a grant program that aims to contribute toward the enhancement of the premier cryptocurrency’s native ecosystem.More specifically, the company revealed that its grant
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