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Crypto Developer Raises $4 Mln From Samsung, Others to Launch Wallet Without Private Keys

Israeli cryptocurrency developer KZen has raised $4 million from backers including South Korean electronics giant Samsung, industry news outlet The Block reported on April 17.The company’s product, smartphone wallet app ZenGo — currently in beta phase testing — aims to simplify custodial wallet usage for entry-level cryptocurrency users.Using a

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US Startup Raises $14.1 Mln for Blockchain-Based Payments Network for Retailers

New York-based blockchain startup Flexa has raised $14.1 million to develop a payments network for retailers. The development was announced in a press release published on April 11.Per the release, Flexa has raised $14.1 million in funding from such participants as early stage token fund 1kx, investment firms Access

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Blockstack Eyes SEC-Regulated $50 Mln Token Sale With Participation From Harvard Endowment

Decentralized computing network Blockstack has applied to the United States Securities and Exchanges Commission (SEC) to launch a $50 million token sale which — if approved — would be the industry’s first SEC-qualified offering. The development was revealed in a filing with the SEC dated April 11.The sale, which

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Cybersecurity Firm WISeKey Subsidiary Nets $7 Mln in Pre-STO Investment Ahead of Q2 Sale

A subsidiary of Swiss cybersecurity and blockchain firm WISeKey has raised $7 million in an pre-funding round prior to launching a security token offering (STO), the company confirmed in a press release on April 11.WISeCoin, which came into being in August last year, plans to conduct the STO in

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Blockchain Mortgage Tech Startup Acre Software Raises $6.5 Mln From UK Financial Advisor

United Kingdom startup Acre Software raised about $6.5 million to apply blockchain technology to the mortgage and insurance application process for advisers, a press release published on April 4 states.Per the release, nearly three-quarters of UK mortgages are facilitated by advisers, and the company aims to help them retain

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Coda Leads $15 Mln Funding Round for O(1) Labs Including Coinbase and Paradigm

Blockchain scalability project Coda has completed a new $15 million funding round for O(1) Labs, Coda announced on April 2.According to Coda, the new funding round involved major technology investors such as Accomplice, Coinbase Ventures, Paradigm, and General Catalyst.As specified on its website, Coda is a cryptocurrency protocol with

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Identity Solution Provider Reveals New $50 Mln Fund, Blockchain Firm Is First Investment

San Francisco-based enterprise identity solution provider Okta has launched a $50 million investment fund and announced its first investment in Trusted Key, a blockchain-based digital identity firm. The news was revealed in an official Okta announcement shared with Cointelegraph on April 3.The new investment fund, dubbed “Okta Ventures,” will

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Princeton Expertise-Backed Startup Raises $3.7 Mln to Develop Smart Contract Scalability

Offchain Labs, a blockchain startup co-founded by a professor at Princeton University, has raised $3.7 million in a seed round led by crypto hedge fund Pantera Capital, TechCrunch reports on April 3.The new funding round was also supported by Compound VC, Raphael Ouzan of Blocknation, Jake Seid, managing director

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Coinbase Reveals Hot Wallet Coverage Up to $225 Mln Via Lloyd’s of London Broker

Major American cryptocurrency exchange Coinbase has revealed details of its insurance coverage for its hot wallet crypto holdings, reportedly covering a $255 million limit via a Lloyd’s of London-registered broker. The details were disclosed in an official blog post from Coinbase’s Chief Information Security Officer (CISO) Philip Martin on

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