Binance Labs Launches 8 Blockchain Startups

Binance Labs recently announced the launch of eight projects which have been incubated over the course of the last few months. The San Francisco chapter of Binance Labs ended its ten-week Incubation Program which focused on providing guidance, mentorship, and resources to each project. Over 500 project teams applied for the program, and after an intensive review

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Crypto VC Funding Deals are Falling Apart Due to Bear Market — Bad Time For Startups

According to Barry Silbert, the founder and CEO of Digital Currency Group (DCG), many venture capital funding deals in the crypto sector have fallen apart in the past few months as a result of the 12-month bear market. Silbert, who oversees the operations of one of the largest venture capital firms in crypto with investments

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Nasdaq & Fidelity Invest in Wall Street Crypto Exchange ErisX

Financial industry giants Nasdaq and Fidelity continue to wade deeper into the nascent cryptocurrency ecosystem, most recently through investments in Wall Street-friendly crypto exchange ErisX. The Chicago-based ErisX announced today that it has secured $27.5 million in funding from a group of investors headlined by Nasdaq Ventures and Fidelity Investments, though the size of these

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Binance Invests $3 Million in US Crypto Trading Desk

Big news came from Binance this week, as their venture wing announced a significant investment in US over-the-counter (OTC) crypto trading desk Koi Trading. Binance and Koi Trading In a press release yesterday, Binance Labs revealed that it had made a $3 million investment into Koi Trading, a small sum for the world’s largest cryptocurrency exchange, but a notable

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Activision Alums Raise $16 Million to Build EOS-Focused Blockchain Game Studio

Mythical Games is “a next-generation game technology studio.” Their focus is online games where players own the assets they develop or acquire in the game – true digital ownership powered by the blockchain, as opposed to managed digital ownership backed by centralized servers. It’s an important difference. When a player acquires assets in a game

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Has Crypto Exchange KuCoin Proven its Legitimacy by Raising $20 Million?

Singapore-based KuCoin, a major crypto exchange with an active and loyal user base, has secured $20 million in a funding round led by $20 billion venture capital firm IDG. Michael Gan, the CEO of KuCoin, wrote, “Today, we are thrilled to announce that we have closed our Series A Round of Funding, raising $20 million

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Bitcoin Mining Firm Canaan Slashes IPO Target — and May Not Go Public Anytime Soon

Canaan, one of the world’s largest bitcoin mining firms, may be having second thoughts about its plan to go public in one of the cryptocurrency industry’s highest-grossing initial public offerings (IPO) to date. Chinese Bitcoin Mining Firm Delays IPO The Hangzhou-based Canaan had been one of at least three Chinese bitcoin mining firms planning to

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Crypto Mining Giant BitFury Raises $80 Million in Private Placement

BitFury, a crypto mining company, has announced the closing of a private placement investment of $80 million, bringing the total funds raised by the firm to $170 million since its Series A round in 2014. The round, according to an official press release, was led by a Paris-based venture capital firm Korelya Capital. Mike Novogratz’s

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Strong Demand: Crypto Hedge Funds are Still Raising $100 Million+

Throughout 2018, the cryptocurrency market has lost 75 percent of its valuation. Yet, crypto hedge funds are raising hundreds of millions of dollars from accredited investors and institutions.   On November 1, CCN reported that Grayscale Investments, a subsidiary company of cryptocurrency venture capital behemoth Digital Currency Group, raised more than $330 million from both

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Bitcoin Investment Trust Creator Has Raised Record $330 Million This Year

Ten months into a bear market that has seen cryptocurrency prices decline approximately 75 percent from their all-time highs, analysts differ on whether the bitcoin price has found a bottom or could continue to decline over a time horizon as long as 18 more months. However, Grayscale Investments, the crypto investment firm that created the

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