Investments

Blockchain-Related Deals Are Moving From The US to China

New York-based research firm, CB Insights, has released a report showing that  Chinese startups are starting to substantially increase their blockchain-related investments. The research document, titled The Blockchain Report 2020, was published on March 11. It highlights that in 2015, deals from US-based companies accounted for 51% of Blockchain tech growth. Comparatively China-based companies represented …

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Bitcoin Hash Rate Drops Almost 45% Since 2020 Peak

The Bitcoin (BTC) network hash rate has just taken a steep plummet and is now down almost 45% from its 2020 peak. The network’s hash rate sank from 136.2 quintillion hashes per second (EH/s) on March 1 to 7.5.7 EH/s today, March 26, according to data from Blockchain.com.  Coin.dance — another analytics site for the …

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BitAngels Will Go Fully Virtual to Keep Community Active During COVID-19 Outbreak

The industry’s first angel network for digital currency startups, BitAngels, is launching a series of virtual pitch events to keep investors connected during the global coronavirus pandemic. On March 25, BitAngels founder Michael Terpin said the network’s transition to a fully-online model of collaborations and events aims to keep the blockchain investment community “active and …

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How Cryptographic Keys Development Will Drive Digital Asset Adoption

As the price of Bitcoin (BTC) crept up in recent months, it appears public interest in digital assets is once again on the rise. Newcomers to the sector these days have it far easier than those who joined in the earlier days. Since 2017, we have seen an inflow of institutional investment, increasing the availability …

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Venture Studio Invests $3 Million in Crypto Firm First Digital Trust

A Taiwanese venture studio just became the new lead investor for a Hong Kong-based crypto custodian following a multimillion dollar investment this week. Nogle announced yesterday they had given $3 million to First Digital Trust (FDT), the digital asset arm of Legacy Trust. The investment is intended for the financial custodian to develop its own …

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Legacy Trust’s Crypto Spin-Off Receives $3M to Roll Out Asian Settlement Platform

An Asian digital assets custodian, which is building a crypto settlement layer to offer a local alternative to Silvergate Bank, has announced a new lead investor ahead of its coming launch. Hong Kong-based First Digital Trust (FDT) announced Monday it had received a $3 million investment from Taiwanese venture studio firm Nogle. The funding will …

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Nippon Express Developing Blockchain Transport Network

A Japanese logistics company is planning to incorporate a blockchain network into a new transportation system to be developed next year. According to an article from the Nikkei newspaper, Nippon Express plans to invest up to 100 billion yen — approximately one billion USD — into a blockchain-based transportation network for pharmaceuticals. The Tokyo-based company …

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$9K Bitcoin Price Beats Stocks as Volatility & Fiat Fall Flat

Bitcoin (BTC) continued beating out any competition on March 7, turning $9,000 into solid support while coronavirus ravaged stocks and forex alike. Cryptocurrency market daily overview. Source: Coin360 BTC price makes solid support out of $9,000 Data from Coin360 and Cointelegraph Markets showed BTC/USD trading above the $9,000 mark for a third day on Saturday.  …

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White Label Exchange Provider AlphaPoint Raises $5.6 Million

New York-based white label exchange provider AlphaPoint has raised a further $5.6 million from investors to help scale its exchange technology. AlphaPoint’s tech is currently used as the backend for 150 exchanges across 35 countries, servicing more than a million end users. The funding will be used for platform development and to roll out more …

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Canaan Faces Class Action Lawsuit Alleging Dubious Practices During IPO

Blockchain services and cryptocurrency mining hardware producer Canaan is facing a class-action lawsuit filed by investors following claims of dubious practices for attracting investments.  Investor rights-focused law firm Rosen Law Firm has initiated the suit on behalf of Canaan securities purchasers in the company’s initial public offering (IPO). The law firm claimed that Canaan investors …

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