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WSJ Claim of $9 Mln Laundered Via Shapeshift Based on Flawed Investigation, Analysts Say

Blockchain intelligence firm CipherBlade has accused the Wall Street Journal (WSJ) of using flawed investigative methods and thus overestimating the extent of alleged money laundering via crypto exchange ShapeShift. CipherBlade’s analysis of the WSJ report was published in a blog post on March 20.As reported, the WSJ published a

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Blockchain Startup Bison Trails Receives $5.25 Mln Investment Backed by Galaxy Digital

New blockchain startup Bison Trails has received an investment of $5.25 million in a seed round backed by Mike Novogratz’s crypto merchant bank Galaxy Digital. The firm announced the fundraising in a Medium post on March 15.Led by two early stage venture capital firms Initialized Capital and Accomplice, the

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Hacker Involved in 15 Mln Yen Crypto Theft Referred to Prosecutors

An 18-year-old hacker was referred to prosecutors in the Japanese city of Utsunomiya for stealing cryptocurrency, local news outlet Japan Today reported on March 14.The cybercriminal allegedly hacked Monappy, a digital wallet which can be installed on a smartphone, and stole 15 million yen ($134,196) of cryptocurrency between Aug.

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Consensus Algorithm Tendermint Raises $9 Mln in Series A Investment Round

Blockchain consensus algorithm and peer-to-peer (P2P) networking protocol Tendermint has raised $9 million in a Series A investment round, according to a blog post published on March 14.Tendermint has raised $9 million in the Series A investment round led by cryptocurrency investment company Paradigm, with contribution from Bain Capital

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Ripple’s Xpring and Forte Establish $100 Mln Fund to Support Blockchain in Gaming

Ripple’s developer ecosystem project Xpring and game industry blockchain platform Forte have jointly established a $100 million fund to support game developers. The news was announced in a press release published on March 12.The initiative is designed to bolster the mass adoption of blockchain technology in the game industry

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Three Swiss Firms Complete ‘First’ $3 Mln Real Estate Transaction on Blockchain

Blockchain property transaction platform blockkimo Ltd along with two other companies have jointly completed “the first” real estate transaction on a blockchain in Switzerland. The development was announced by blockimmo in a blog post on Mar. 1.Blockimmo, proptech company Elea Labs Ltd. and digital assets service firm Swiss Crypto

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Investors in Overstock Crypto Subsidiary Reduce Investment from $404 Mln to $100 Mln

Chinese investment firm GSR Capital and Singaporean private equity firm Makara Capital will co-lead an investment of up to $100 million in tZERO, according to a press release on March 1. TZero is United States retail giant Overstock’s crypto-related subsidiary company.Overstock founder and CEO Patrick Byrne revealed that GSR

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SingularityNET Platform Launches Beta Decentralized AI Marketplace After $36 Mln ICO

Blockchain artificial intelligence (AI) platform SingularityNET has officially launched a beta version of its Ethereum-based decentralized marketplace on Thursday, Feb. 28, according to a press release obtained by Cointelegraph.Ben Goertzel, CEO and chief scientist at SingularityNET, noted in the press release that the pre-beta version was stress tested by

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Singapore’s Wealth Fund GIC Among Those to Raise $300 Mln for Coinbase in 2018

Singapore’s Government Investment Corporation (GIC) was reportedly one of the investors to have helped raise $300 million for major United States crypto wallet provider and exchange service Coinbase in 2018. Bloomberg reported the news on Feb. 28, citing anonymous sources familiar with the matter.According to its official website, GIC —

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