Overstock Turns Medici Ventures Into a Fund to Reap Value of Blockchain Assets
“We remain bullish on blockchain technology but are changing the way we interact with these asset," said CEO Jonathan Johnson. Source
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Ventures
Elon Musk Might Consider Clubbing All His Ventures into Single Holding Company
Having seen Tesla’s massive growth in 2020, a Tesla shareholder proposed Elon Musk to float a holding company wherein the Tesla CEO can continue as the boss for more years ahead and create enormous value for all his companies and shareholders.What a year it has been for electric carmaker and
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OMG Rallies as Genesis Block Ventures Acquires OMG Network
Genesis Block Ventures (GBV) announced the acquisition of OMG Network, which helps speed transactions and lower fees on the Ethereum blockchain by handling transactions off-chain, triggering a double-digit rally in the network’s OMG token.“Through this acquisition, GBV is dedicated to leverage its network strength, to promote the accelerated growth of
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DeFi Dashboard Zapper Snags New Funding From Delphi and Coinbase Ventures
Zapper announced Thursday an extension of its seed investment round with new backing from Delphi Digital and Coinbase. The additional amount on the $1.5 million round was not disclosed.Zapper runs an asset management portal for decentralized finance (DeFi) on Ethereum. A user can log in with their wallet and see
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Blockchain Firm Figment Raises $2.5M in Funding Round Led by Bonfire Ventures
Figment said the latest round will enable it to continue developing its blockchain staking, governance and developer tools. Source
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Overstock’s Medici Ventures Invests $8M in Blockchain Firm Bitt
Medici Ventures has completed an $8 million equity purchase in Barbados-based Bitt, bringing it a controlling interest in the blockchain firm.Medici’s latest investment will help it chase market opportunities around the adoption of digital currencies in developing countries, the Overstock subsidiary said in an announcement Wednesday.“Bitt’s pioneering work in the
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Panxora Digital Ventures Launches Innovative Hybrid Seed Funding Solution For Blockchain and Cryptocurrency Token Sales
Panxora Digital Ventures has launched its hybrid seed funding solution to revive the sluggish capital market for emerging Blockchain token projects. The companies’ hybrid model creates
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Bitpanda Raises $52M Series A Led by Peter Thiel’s Valar Ventures
European crypto brokerage Bitpanda, based in Vienna and founded in 2014, is announcing the completion of a $52 million Series A led by PayPal legend Peter Thiel’s Valar Ventures. This fundraising round, plus a seed round in 2016 and an initial exchange offering in 2019, means the 240-employee company raised
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Mandi Token Aims to Bridge Real-World Business Ventures to Crypto
The launch of the Mandi project is a revitalization of the hope that real-world ventures can be bridged with cryptocurrency, in a manner that is community-governed and cognizant of its stakeholders.Cryptocurrency has promised a new emerging ecosystem in which its entrepreneurs are not only considered innovators but also providers of
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Leading Blockchain VC Fund NEM Ventures Announces Investment in Chile’s SharpShark to Empower Creators With a Copyright and Intellectual Property Timestamping Solution
The venture capital and investment arm of the NEM blockchain ecosystem NEM Ventures has made a strategic investment
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