Wednesday, January 22, 2020
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Why Compliance Is the Biggest Team at Bitcoin ATM Startup Coinsource

Coinsource, a well-known bitcoin ATM company, purchased a booth at this year's Consumer Electronics Show (CES) in Las Vegas. Given increased interest from the IRS in bitcoin ATMs, we were especially curious about how users reacted when Coinsource increased its know-your-customer (KYC) requirements."Our compliance department is actually the largest department

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Mobile Phone Retailer Joins China’s Blockchain Land Grab With US Startup Investment

Dixintong Technology Group, whose parent company, D.Phone, is one of the largest smartphone retailers in China, has entered the blockchain space by acquiring a minority stake in a U.S. startup called Monsoon Blockchain.The two companies confirmed to CoinDesk that the purchasing agreement was signed on Jan. 7, but declined to

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Thai Stellar-Based Startup Lightnet Raises $31M to Replace SWIFT

Thai Stellar-based blockchain startup Lightnet has raised $31.2 million to boost cross-border payments in Southeast Asian countries.The Bangkok-headquartered firm has completed a Series A funding round led by major financial conglomerates in the region, Singaporean United Overseas Bank (UOB) and South Korea’s Hanwha Investment & Securities, Business Insider Malaysia

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ETF Giant Leads $17.7M Series A for Blockchain Compliance Startup

One of the world’s largest exchange-traded fund (ETF) providers is leading a $17.65 million investment in blockchain compliance startup Securrency.WisdomTree was the lead investor in the $17.65 million Series A funding round announced Tuesday. Other investors include the state-backed Abu Dhabi Investment Office (ADIO), Japanese financial services giant Monex Group

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Crypto Startup Blockchain of Things Settles Unregistered ICO Case for $250K

Blockchain of Things Inc. (BCOT), a crypto startup that provides enterprise software to organizations, was charged for introducing an initial coin offering (ICO) despite not being registered. The firm has been making efforts to settle on an agreement with the U.S. Securities and Exchange Commission (SEC) as the company will

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Fidelity-Backed Startup Fireblocks Is Now Certified Secure by Ernst & Young

New York-based digital asset security firm Fireblocks has successfully completed a major examination carried out by Big Four auditing firm Ernst & Young (EY).Fireblocks, which provides an institutional-grade platform for secure transfer of blockchain-based digital assets, received the Service Organization Control (SOC) 2 Type II certification performed by EY,

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GSR Partners With Canaan-Backed Startup to Offer Crypto Miners Derivatives

Liquidity provider GSR is introducing derivative products to help crypto mining companies hedge their risks against price volatility after partnering with Interhash, a mining services startup backed by Canaan Creative. The companies announced on Friday that a new set of derivatives contracts, including swaps, would help miners manage their risks when

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Blockchain Startup Alchemy Raises $15M to Accelerate Global Expansion

After the first round of a Series A funding, the San Francisco based blockchain firm Alchemy has announced that it has raised additional $15 million.The startup was founded by two computer science students, Nikil Viswanathan and Joe Lau, who were classmates at Stanford. Together, they also created a social mobile

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Stanford Funds Blockchain Startup Touted as ‘the Microsoft for Blockchain’

Blockchain infrastructure startup Alchemy has garnered investments from multiple notable mainstream entities, including Stanford University, as well as leaders from other top businesses.Alchemy, a startup focused on providing blockchain infrastructure, as well as other tools for developers, has amassed $15 million in contributions from influential mainstream business leaders, such

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