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Posts Tagged ‘Startup’

Citigroup Raises Investment in Ethereum-Based Trade Finance Startup

U.S.-headquartered bank Citi has upped its investment in the Ethereum-based decentralized trade financing startup Komgo. Kris van Broekhoven, the global head of commodity trade finance at Citigroup, revealed that the bank has “topped up” its equity in Komgo “to allow the company to continue developing,” while speaking with ConsenSys on March 10. Komgo was launched…

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ICOBox Startup Fails to Acknowledge US SEC Action, Owes $16M

The U.S. Securities and Exchange Commission, or SEC, has ordered that ICO broker ICOBox must pay $16 million after the startup failed to act on previous legal action from the commission. U.S. District Judge Dale Fischer of California sided with the SEC in a default judgement, after the alleged unregistered broker failed to respond to…

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Why Banks Aren’t Banking Your Crypto Startup

Your bank, no matter how neo or how challenger, can’t bank Bitcoin (BTC). They could bank blockchain companies, adding value and providing services for the space, which would be good for both the bank and the clients, but they are afraid of repercussions from regulators and their partners. Since many smaller banks use “correspondent banks,”…

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Peter Thiel-Backed Startup Says Texas Is the Best Place to Mine Bitcoin

Alex Liegl, CEO of Layer1 Technologies, a US-based Bitcoin (BTC) mining company that recently announced its intention to repatriate 30% of Bitcoin’s hash power by 2022, has described Texas as offering miners the “cheapest power in the world, at scale.” Less than two weeks ago, Layer1 commenced mining operations at its facility in western Texas,…

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GSR Partners With Canaan-Backed Startup to Offer Crypto Miners Derivatives

Liquidity provider GSR is introducing derivative products to help crypto mining companies hedge their risks against price volatility after partnering with Interhash, a mining services startup backed by Canaan Creative.  The companies announced on Friday that a new set of derivatives contracts, including swaps, would help miners manage their risks when running operations in 2020,…

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US SEC Targets Crypto Startup For Illegally Raising $13 Million

Two years after Bitcoin’s ATH, the US SEC still continues to deal with cases involving illegal fundraising by crypto-based companies. SEC Sets its Sights on Latest Crypto Project It has been two years since Bitcoin (BTC) reached its all-time high, with its price reaching $20,000. However, the market surge that allowed its price to go…

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Binance Acquires Beijing-Based Blockchain Data Startup DappReview

“By working with Binance X [the company’s developer network] and Launchpad, DappReview will bring in more talented Dapp developers and assist promising Dapp projects on fund-raising,” Vincent Niu, founder of DappReview, said of the deal. “A lot more exciting synergies with Trust Wallet, Binance Research, etc.” Source link

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