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South Korean Blockchain Startup Raises $8M for Identity Authentication

Blockchain company Iconloop has secured 10 billion Korean won (KRW) (over $8 million) from seven investment companies participating in a Series A funding round.Per an Oct. 10 announcement, it was Iconloop’s first venture capital investment since its establishment in 2016, with the participation of companies such as Korea Technology

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Decentralized Communication Startup New Vector Raises $8.5M

London-based decentralized communication startup New Vector has raised $8.5 million to drive adoption for Matrix, a major alternative messaging protocol.Slack rival Riot.IMThe Matrix protocol, which enables secure communication via end-to-end encrypted messaging applications such as Riot.IM, an alternative to WhatsApp, Telegram or Slack, will continue scaling and growing its

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Encryption Startup NuCypher Raises Over $10M from Bitmain and Polychain

Encryption startup NuCypher raises $10.7 Million in a simple agreement for future tokens (SAFT) from venture capital heavyweights, including Bitmain, Bitfury, Polychain Capital and others.Innovative encryption startup NuCypher has raised about $10.7 Million in what is referred to as a Simple-Agreement-for-Token (SAFT) in a financing round led by Polychain Capital

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Coinbase Discusses Acqui-Hire With Ripple-Backed Rental Startup

United States-based cryptocurrency exchange Coinbase is currently discussing the possibility of hiring the engineering team of Ripple-backed storage and rental startup Omni Rentals, tech news outlet TechCrunch reported on Oct. 5.Not the only company interestedPer the report, two unspecified sources familiar with the situation told the outlet that Omni

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CBMI Partners With Sequoia-Backed Startup to Develop DeFi Services

China Merchants Bank International (CBMI) is partnering with Nervos Network — a Chinese blockchain startup founded by a former researcher and developer of the Ethereum Foundation.A press release published on Oct. 3 revealed that the new partnership will focus on jointly developing decentralized finance (DeFi) applications and helping Nervos

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HitBTC Claims Startup Faked Balances as it Denies Freezing $20M Worth of Crypto

Cryptocurrency exchange HitBTC has denied allegations that it froze Brazillian investment startup Atlas Quantum’s funds, claiming the evidence is forged.Atlas Quantum claims the exchange froze $20.7MIn a Twitter argument which began on Oct. 2, the exchange said it had no record of blocking the accounts of Atlas Quantum. The latter

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Coinbase, Pantera Capital Participate in $2.4M Seed Round of DeFi Startup

Decentralized finance (DeFi) startup InstaDApp has secured $2.4 million in a seed round from an array of strategic investors, including Coinbase Ventures and Pantera Capital.New fundingPer an Oct. 1 blog post, InstaDApp saw funding from investment firms Coinbase Ventures, Pantera Capital,  Robot Ventures, venture capital company IDEO Colab and

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Token Tech Startup Securitize Raises $14M From Nomura, MUFG, and Santander

Securitize Team. Photo: SecuritizeThree of the globe’s giant banks – Nomura Holdings, MUFG, and Banco Santander – have supported Securitize, San Francisco based startup, which assists companies to tokenize their assets and securities. Securitize which provides numerous services to support firms design blockchain-based security tokens, announced it has managed to

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