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Posts Tagged ‘Startup’

Crypto Startup TrueDigital Hires CEO from World’s Largest Hedge Fund

A blockchain upstart is getting a new CEO from the world’s largest hedge fund. New York’s trueDigital, which was founded last March, has hired Thomas Kim away from Bridgewater Associates to be its chief executive. Notably, trueDigital is the firm that built a blockchain payments system for Signature Bank. While JPMorgan stole headlines last week for its…

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South Korean Capital’s $1 Billion Startup Fund Will Include Blockchain Firms

The government of South Korea’s capital city has committed to invest 1.2 trillion won ($1.07 billion) by 2022 via an investment fund for startups, including those working with fintech and blockchain. The Seoul Metropolitan Government announced the news Monday, stating that via the Seoul Innovation Growth Fund, which launched last year, it will invest across…

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Coinbase Acquires Blockchain-Tracking Startup Neutrino for Undisclosed Price

Coinbase has acquired blockchain analytics startup Neutrino as part of a wider push to offer more diverse crypto assets across borders. “This is particularly important as we work with regulators and agencies in different countries to bring new assets there,” Coinbase’s director of engineering and product, Varun Srinivasan, told CoinDesk. He added that Neutrino would…

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Fintech Startup to Use Oracle Blockchain Platform to Boost Payment Processes

Finance platform SDK.finance has partnered with Oracle to use the Oracle Blockchain Platform to improve payments processes and remove intermediaries. The partnership was announced in a press release published on Feb. 12. SDK.finance is a European-based fintech startup that offers a payment platform for banks and financial institutions. In 2015, the company was reportedly recognized…

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Blockchain Sleuthing Startup Chainalysis Raises $30 Million

Chainalysis, the cryptocurrency transaction analysis startup, has raised $30 million in Series B funding. The firm will use some of the funding to open a new office in London and a research-and-development lab in a bid to expand its presence in the U.K., where it has worked closely with the likes of Barclays, the High…

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GM Financial Partners With Blockchain Startup to Fight Identity Fraud

General Motors Financial, the financing arm of the automaking giant, said Monday that it is partnering with blockchain startup Spring Labs on solutions for identity verification. The startup – which counts former Trump economic advisor Gary Cohn on its board of advisors – said that GM is exploring the acquisition of a stake alongside other…

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Is ConsenSys Startup Token Foundry Dead or Doing Something Different?

Token Foundry set out last year to be the best platform for running initial coin offerings. The website of the ConsenSys-incubated startup said as much until as recently as January 21. Then, over the next few days, it would articulate two more missions before finally settling on a new goal: “This year we are adding new…

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Circle’s Head of Partnerships Joins Blockchain Startup Celo

Chuck Kimble, head of partnerships at Circle, has left the company for a similar role at another blockchain startup, Celo. As Celo’s new head of strategic partnerships, Kimble will be helping the digital payments company “to bring better financial products to emerging markets and under-served populations around the world,” the company said in a press…

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Facebook Moves Closer to ‘FaceCoin’ Acquiring Its First Blockchain Startup

Social media mogul Facebook has made an advance in its blockchain effort by hiring a blockchain startup specializing in smart contracts and facilitating payments.  Facebook ‘Acqui-Hires’ Chainspace According to financial media Cheddar, Facebook has hired a small blockchain company called Chainspace. In Silicon Valley, this move is referred to as an “acqui-hire” and according to the report, four…

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