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Venture Capital

Crypto Sleuthing Firm Elliptic Raises $23 Million in Fundraise Led by SBI

Blockchain forensics firm Elliptic has raised $23 million in a Series B funding round led by Tokyo-based financial institution SBI Holdings. Announced Wednesday, the funding will help drive Elliptic’s Asia expansion, which includes a recently opened Singapore office and one in Japan that will open this week. Tomoyuki Nii, executive officer for overseas investment at …

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Norwegian Bank Invests in Crypto Exchange Founded By Airline Magnate

A Norwegian savings bank dating back to the mid-1800s has just invested in a cryptocurrency exchange set up by local business magnate Bjørn Kjos. In a press release posted on the Oslo Stock Exchange, Sparebanken Øst said it had taken a 16.3 percent stake in Norwegian Block Exchange (NBX) for 15 million Norwegian krone (around $1.638 million). NBX was revealed to …

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Circle Looks to Raise $100M for Its Equity Platform SeedInvest

Goldman Sachs-backed crypto startup Circle plans to deploy a $100 million venture capital fund for its equity crowdfunding platform SeedInvest. According to a recent job posting on LinkedIn, Circle is seeking the general partner that will be responsible for raising and managing the fund in partnership with SeedInvest’s senior leadership team. The partner will be …

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Major Banks Back $7.4 Million Funding Round for Korean Blockchain Firm

Blocko, a South Korean blockchain firm working on enterprise applications of the tech, says it’s raised 9 billion Korean won (around $7.44 million) in an Series B+ round. According an announcement on Thursday, Blocko said Korea’s oldest bank, Shinhan, as well as KEB Hana Bank, LB Investment and Dadam Investment took part in the round. The investment …

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PR: Australian Bitcoin Cash Conference Brings Cryptocurrency Leaders to Townsville

<header class=”article__header”> </header> Global leaders from the Bitcoin Cash community will gather at the first Bitcoin Cash City Conference in Australia, being held in Townsville on September 4 & 5. Townsville has really embraced Bitcoin Cash, so hosting this conference in the cozy, coastal suburb was a natural next step. Australia’s first gathering of enthusiasts …

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Multicoin Leads $20 Million Round for Speed-Focused Solana Blockchain

Promising Layer 2 speeds on a Layer 1 platform, Solana has raised a $20 million Series A to build a blockchain meant to operate on the mass scale of the world wide web. The company announced Tuesday that Multicoin Capital, the Austin, Texas-based investment firm, had led the round. Distributed Global, Blocktower Capital, Foundation Capital, …

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Oil Giant Shell Invests in Startup That Uses Blockchain Tech for Energy Tracking

A U.S.-based blockchain startup working to “democratize the energy industry” has raised an undisclosed sum from oil multinational Shell and Japanese business giant Sumitomo Corporation Group. In an announcement published on Wednesday, LO3 Energy said it has developed a “transactive energy platform” to address the challenge of tracking energy from different sources across supply networks. “As we move …

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Billionaire Investor Henry Kravis Makes First Crypto Investment

Billionaire investor and philanthropist Henry Kravis is dipping his toe into the world of crypto assets. According to a piece by Bloomberg on Friday, Kravis – who is co-founder of global investment firm KKR & Co. – is said to have invested in a cryptocurrency fund offered by ParaFi Capital. The news comes via ParaFi founder and CIO Ben Forman, …

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Multicoin, Intel Capital Invest $3.6 Million in Startup Demystifying Blockchain Data

Blockchain data startup dfuse has just closed its first official round of equity funding. Led by Multicoin Capital and Intel Capital (a division of Intel Corporation), the seed funding saw the Montreal-based firm raise $3.5 million for its line of products geared towards demystifying blockchain data. According to a press release provided to CoinDesk on …

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‘Hard Core Fund’ Collects 50 BTC to Support Bitcoin Developers

According to venture capitalist Dovey Wan of Primitive Ventures, finding sustainable funding for bitcoin developers is the biggest challenge facing the ecosystem in 2019. To bridge that gap, she’s helped gather 50 BTC — an amount worth just north of $450,000 at press time prices — that are now up for grabs. Wan partnered with …

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