Electronics Giant Foxconn Leads $7 Million Series A in Blockchain Identity Startup

Digital identity startup Cambridge Blockchain has closed as $7 million Series A round of financing led by Taiwanese manufacturing giant Foxconn’s investment arm. Announced Tuesday, the $7 million financing round also included previous investors Partech and Digital Currency Group, who injected new capital and converted the startup’s outstanding debt in exchange for equity. Partech general

The post Electronics Giant Foxconn Leads $7 Million Series A in Blockchain Identity Startup appeared first on CCN

Bank Of England’s RSCoin: A Hybrid Digital Currency To Improve Global Trade

RSCoin, a cryptocurrency controlled by the Bank of England for the purpose of strengthening the country’s economy and global trade, combines the benefits of distributed ledger technology with the control of traditional, centrally managed currencies, according to The Deal Room, a financial news website. RSCoin was developed by University College of London researchers at the […]

The post Bank Of England’s RSCoin: A Hybrid Digital Currency To Improve Global Trade appeared first on CCN: Financial Bitcoin & Cryptocurrency News.