Startups

Crypto Management App Denies Being Hacked

Plutus, a crypto finance app founded in 2015, denied social media reports that its database was compromised by a hacking attack launched by alleged threat actors. On July 9, Israel-based threat intelligence firm, Sixgill, published an alert through their official Twitter account which stated that hackers have been sharing a database stolen from the crypto …

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Coinbase Plans First-Ever Investor Day Amid Talk It May Go Public

Coinbase has scheduled its first-ever investor day on Aug. 14, amid rumors that the crypto exchange is exploring a public stock listing. It is unclear, however, whether the virtual event is related to the rumored efforts to go public. A spokesperson confirmed the meeting is coming but said it was meant simply “to facilitate a …

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Partner at $500 Million Fund Explains Key Criteria For Investing in Startups

Partner at Initialized Capital Brett Gibson revealed the main criterias used by his VC firm to invest into early stage startups and shared his views on the most promising products on the market. Initialized Capital invests in early-stage companies before they get to product/market fit, which means they still need to develop a product that …

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MIT Group Funding Shows Growing Crypto Trading Interest

Floating Point Group, or FPG, a startup delivering institutional crypto traders automation technologies, garnered $2 million of capital from several entities. “It’s becoming clear that sophisticated quantitative traders and platform developers are viewing the cryptocurrency markets as an exciting new opportunity,” FPG CEO John Peurifoy explained in a May 28 statement.  The funding goes toward expansion  …

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Andreessen Horowitz Forecasts Fourth Crypto Bull Cycle

Less than a month after launching a new $515 million crypto fund, Andreessen Horowitz (a16z) is predicting that “high-quality projects” may drive a new growth cycle in the industry. The famous venture capital fund, which has a substantial crypto portfolio, said in a post Friday it anticipated some of the better projects created in the …

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UK Cryptocurrency Firms Turn to Equity Funding as ICO Coffers Plunge 70%

UK cryptocurrency and blockchain startups are turning focus back to conventional means of raising capital, as initial coin offering (ICO) coffers dry up. According to a new report, initial coin offering (ICO) funding last year plunged 71% to £200 million ($250 million) from £700 million ($875 million) a year earlier. By comparison, equity funding provided …

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