Blockchain Startup Axoni Secures $4M USD Investment From HSBC

Banking giant HSBC has invested $4 million in New York-based blockchain startup Axoni. The investment is part of Axoni’s Series B funding round, bringing the total amount raised in the round to $36 million. Other investors include Goldman Sachs, NYCA Partners, Andreessen Horowitz, Citi, Coatue Management, Digital Currency Group, F-Prime Capital, Franklin Templeton Investments, JP…

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Digital Bank Revolut Surpasses 3 Million Customers

U.K. startup Revolut has announced that its customer base has surpassed three million users. The fintech platform, which has quickly become a viable online alternative to traditional banking, was established in 2015. It currently offers payment and exchange services for a growing number of fiat currencies and cryptocurrencies. Also read: Huobi Opens in Russia, Plans…

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Paul Scholes and Andriy Shevchenko Partner With Blockchain Startup

Blockchain startup headquartered in Hong Kong, Soccer Legends Limited has recently partnered with two football stars to help promote their platform to try and bridge the divide between players and fans. The company is trying to solve the lack of spontaneity and unnecessary complications of modern soccer. This very problem has been complained about by…

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BABB Names Gaurav Rana as its new Chief Technology Officer

BABB, a blockchain-based banking startup, has added a new member to its leadership team with the company announcing today that it has hired Gaurav Rana as its new Chief Technology Officer. Rana takes the reigns just before the firm is due to launch its mobile app to beta testers in autumn. As a result, he…

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Former Intel Executive Dr. Jackson He Joins Blockchain Startup Skynet

Co-founder and CEO of YingZi Technology and former Intel executive has been announced as an advisor to the futuristic Internet of Things (IoT) blockchain chip startup, Skynet. Dr. Jackson He is famed for his role at Intel which spanned 23 years at an executive level before founding and running YingZi Technology Ltd, a blockchain and…

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Blockchain Journalism Startup Cancels Token Sale

Blockchain journalism startup Civil has announced it will issue refunds to investors who participated in its token sale, as it failed to hit the $8 million minimum that it set out to raise. Civil is a blockchain-based economy that involves the direct, peer-to-peer exchange of value between journalists who report articles, make videos, record podcasts,…

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French Startup Invents a Heater That Mines Cryptocurrencies

The French startup Qarnot has created an electric stove designed specifically to mine cryptocurrencies. The “crypto heater,” known as QC-1, uses the heat generated by computers to heat the office or home. Heat continues to be a challenge when it comes to mining, and this device takes that problem in their favor. The website of…

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Former Trump Adviser, Gary Cohn, just made his Next Career Move to a Blockchain Startup

Cohn, who left the Trump administration in March, said he has always had interest in the blockchain. This prompted him to link up with Fintech blockchain start-up, as was disclosed by the company in a press release on Friday. Spring Labs, a  venture capital supported start-up, which has offices in Los Angeles and Chicago, is…

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Fintech Trends Q2 2017

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Swiss Financial Regulator Grants Fund License to Crypto Asset Management Startup

Switzerland has yet again proved its strong support for crypto. The country’s financial regulator FINMA has granted the same license as professional fund managers to a Zug-based startup, Crypto Finance AG. Crypto Finance Can Now Manage and Distribute Foreign and Domestic Funds With the license, Crypto Finance AG gets the status of an asset manager…

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Changelly case: Is It Ethical to Manage CryptoCurrency Exchanges Using Nicknames?

One of the core ideas of cryptocurrency is anonymity. The creator of bitcoin, Satoshi Nakamoto, is still the biggest mystery in the industry, as he (or she, or they) decided to hide his (or her, or their) true identity. That’s why there are cases where top leaders in the crypto community use nicknames, even if…

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A Failed Idea – The CEO of India’s Biggest Startup Incubator Gets Facts Wrong As He Tears Into Bitcoin

Bitcoin has succeeded as an asset but has failed terribly as a currency. It has only gained traction within a very small niche following, lacking any use in real-world transactions. It only handles a very small number of transactions compared to its competitors like Visa, all while consuming large amounts of energy which further makes…

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Blockchain Startup Legaler Raised $1.5 Million Ahead Of ICO And Plans To Release App To Support People Lacking Legal Representation

Blockchain startup Legaler was launched in 2017 by Stevie Ghiassi and Mike Hosseini as a networking tool for lawyers. The startup now has over 1,000 law firms signed up in 80 countries. The firm managed to raise $1.5 million in funding just before its ICO to build its distribution network for the legal industry. This…

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Fintech Startup Revolut Launches Cryptocurrency Supported Debit Card

The widespread use of a new financial instrument in day-to-day transactions have long been hailed as the holy grail for any early-stage asset class, crypto included. And with a recent announcement, crypto has tentatively moved one step closer to becoming a widely-accepted medium of exchange. Revolut & Crypto — A Match Made In Heaven On…

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Fintech Startup Bitt Signs an MoU with Caribbean Central Bank to Launch State-Issued Cryptocurrency | BTCMANAGER

Barbados-based startup Bitt has recently signed a Memorandum of Understanding (MoU) with the Central Bank of Curacao and Sint Maarten (CBCS). The goal of the partnership is to look into the different possibilities and feasibilities of issuing digital guilder or a Central Bank backed cryptocurrency. CBCS Explores the Idea of a Central Bank backed Cryptocurrency…

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Former Visa CEO’s Startup Runs the Fastest Crypto Transactions in the World

Blockchain-based fintech startup Crypterium challenges classic banks by introducing a new feature that allows its users to transfer any amount of cryptocurrency using not the complicated wallet addresses, but simply the recipient phone number. Those transfers happen simultaneously, and the company claims it can process up to a million transactions per second, solving blockchain’s scalability…

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The Daily: Ledger Adds Coins, Okex Launches Coinall, Exmo Partners with Mistertango

Covered in The Daily on Friday are several announcements crypto users may find interesting. Ledger has added support for 8 new coins and crypto exchange Okex is launching a white label platform. Also, Exmo will offer its European users faster payments and transfers in partnership with Mistertango, and Estonian startup Citowise has integrated credit card…

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Blockchain Startup StatX To Challenge Telegram With Crypto Community App

While Telegram has become the de facto standard for crypto communities wanting to chat, StatX looks to challenge the status quo with an app dedicated for the crypto and blockchain market. Disclosure: This is a Sponsored Article Telegram Focuses On Talking, StatX On Info A major difference StatX claims to have over Telegram is that…

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Where Should you Base your Crypto Startup? | BTCMANAGER

While blockchain technology is globally being lauded as one of the most disruptive innovations, the crypto-friendliness of individual countries varies widely. There are jurisdictions that are more welcoming than others to projects utilizing distributed ledger technology and cryptocurrencies. Certain factors such as a favorable regulatory framework, political goodwill, and crypto taxation laws are likely to…

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The Daily: Crypto Vault in Hong Kong, ‘Herd of Institutional Investors’ in Crypto

A Hong Kong-based investment firm is planning to launch a new crypto-custody service to address the growing interest from institutional clients, and we’ve covered the story in today’s Bitcoin in Brief. Also in The Daily, billionaire Mike Novogratz expects an influx of institutional investors into the crypto space; a new survey claims 30 percent of…

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