Venture Capital

Popular crypto tax analysis company hits $1b in transactions, raises $3 million

Seattle-based cryptocurrency tax analysis firm ZenLedger has raised $3.35 million in a seed round after processing more than $1 billion crypto transactions. ZenLedger’s investors include Vestigo Venture, Castle Island Ventures, Gumi Cryptos, Unblock Ventures (Line Messenger), and Migration Capital. Following the release of the first cryptocurrency tax guideline by the Internal Revenue Service (IRS) in...
Read More

Venture Capitalists Have Invested Over $200M in Stablecoins

Does the world need more stablecoins? Yes according to VCs, who have thrown hundreds of millions of dollars at projects developing stable or low volatility digital assets. The $45 million committed in 2019 takes the past two years of VC investment to over $200M. Also read: RBI Governor Discusses Crypto and Central Bank Digital Currency...
Read More

Op Ed: Equity Funding Is Still a Good Old-Fashioned Way to Raise Capital

In 2017, the world hit a fever pitch with ICOs; a concept that was only three years old had taken the crypto internet by storm.  From the outset, the initial coin offering (ICO) as a concept was beautiful. It took away the barriers to invest for the average person. It enabled anyone to support not...
Read More

a16z and Multicoin Capital lead $5m funding round for “Permaweb” protocol Arweave

Andreessen Horowitz (a16z) and Multicoin Capital have been unveiled as the latest investors to fund the development of Arweave. The distributed internet protocol, designed to facilitate an undeletable, uncensorable web, has gathered cross-industry support in its quest to build a “permaweb.” Since being founded in 2017 by Sam Williams, the project has gone from strength...
Read More

Chinese State Media is Busy Riding the Blockchain Bull

The crypto momentum is all coming from China at the moment. As the US continues to stumble over its own bureaucratic hurdles, the red dragon is steaming ahead with more blockchain bullishness that will ultimately benefit the wider crypto industry. Chinese State Media Can’t Get Enough of ‘Blockchain’ Founding partner at Primitive Crypto and China...
Read More

How Chinese VCs Could Boost Home Grown Crypto Platforms

Recent developments in the People’s Republic have not just excited Bitcoin holders. A bullish wave of momentum has flooded back into the blockchain and crypto scene as venture capitalists return to take a second look at what’s hot in the fledgling industry.Chinese Crypto Projects Get a BoostThe 2018 bear market was pretty brutal and as...
Read More

Coinbase generated more operating profit from transaction fees than VC money

Coinbase, one of the largest cryptocurrency exchanges in the U.S., has generated nearly $2 billion from transaction fees alone since its launch in 2012, CEO Brian Armstrong said. In an interview with Vanity Fair, Armstrong said the exchange generated more operating profit than all of the venture capital money it raised throughout the years. Coinbase...
Read More

Venture Capitalists Are ‘Ice Cold On Crypto’ Until Next Bull Run: Report

The venture capital market and venture capitalists are not very keen on crypto as the latest cryptonews show, mostly because of the volatility and the pressure on the markets. In a bear market like the one we are seeing now, venture capital is definitely not a game that Bitcoin or other cryptocurrencies can qualify to...
Read More

Venture Capital ‘Ice Cold on Crypto’, Until The Next Bull Market Anyway

Crypto asset prices are not the only thing cooling off as the year draws to a close. Venture Capital investments also seem to be declining but these things happen in a bear market and at least twice before they’ve come running back as soon as the bulls take hold of things.Has VC Dried Up For...
Read More

Venture Capitalist is “Ice Cold” on Crypto Projects

Crypto projects are too far-fetched in business sense and venture capital is “ice cold” about investing in the sector, said an unnamed VC, sparking a Twitter discussion. VC Cooled Off on Crypto Funding? Crypto and blockchain projects will require a new business model, and are not the same as tech projects, the comment ran. The...
Read More

‘Teenage Bitcoin Millionaire’ Co-Founds $1 Million Investment Fund for Crypto Startups

news The leaders of crypto payment app Metal Pay, Marshall Hayner and Erik Finman, are launching an investment fund. Dubbed Metal VC, the $1 million dollar fund will focus on micro and angel investments, primarily in early-stage companies involved in banking and decentralized finance. The fund will allow the startup to align with partners as...
Read More

Kik may sell its messaging app to keep the service alive

The Kik messaging app may not shut down after all as the CEO, Ted Livingston, claims there’s a buyer interested in purchasing the platform. Keeping Kik alive On Sept. 24, Ted Livingston, CEO at Kik Interactive Inc, announced the shut down of its messaging app, Kik. Livingston explained that running the app alone costs over...
Read More

NIXT – Nexinter Launches Exchange Offering Using SLP

Today, NextHash and Bitcoin.com have entered a technical partnership to design and structure the NIXT utility token. NIXT token is being listed in its fully operational exchange Nexinter on top of Bitcoin Cash, using the Simple Ledger Protocol (SLP) framework. The Simple Ledger Protocol whitepaper was published last July and the project launched in August...
Read More

Company behind struggling coin ndau claims to raise another $5 million

Oneiro, the company behind cryptocurrency ndau, announced that it has secured a $5 million investment from Cosimo Ventures. So far, even after millions of dollars of investment, the project has had limited adoption and abysmal trading volume. Oneiro gets cash injection from Cosimo Ventures Oneiro, a Boston-based blockchain company that claims to have created the...
Read More

DeFi portal InstaDApp raises $2.4 million in seed round

InstaDApp, a portal that simplifies interactions between major DeFi protocols, raised $2.4 million in seed funding from a line-up of high profile strategic investors. InstaDApp raised a $2.4 million seed round from a host of strategic investors. Notable venture funds involved in the round include Pantera Capital, IDEO Colab, and Robot Ventures headed by Robert...
Read More

Ripple acquires Icelandic crypto exchange to expand presence in Europe

Ripple, the company behind XRP, announced the acquisition of Icelandic crypto–trading firm Algrim. The 6-person Icelandic company will help Ripple gain a foothold in Europe. Icelandic crypto trading company joins Ripple Ripple has been acquiring companies left and right in order to widen its grip over the international market. The latest company acquired by the...
Read More

London becomes world’s top fintech city by number of deals closed, beats New York and San Francisco

London has beaten New York to become the world’s most active fintech hub by the number of fundraising deals in 2019, collecting $2.1 billion in funding from 114 deals in the first eight months of the year, CNBC reported. While San Francisco—a longtime venture capital powerhouse home to six of the ten largest tech companies...
Read More

Santander leads $14 million round in digital securities platform Securitize

Securitize, a blockchain-based digital securities platform, raised $14 million in its latest funding round. The company secured investments from some of the biggest financial institutions in the world, including Santander and MUFG. Securitize completes $14 million investment round A regulated platform for issuing tokens on the blockchain, Securitize, has completed its latest funding round, raising...
Read More

Binance leads $200M investment round in Chinese crypto-data website Mars Finance

Binance made a strategic investment in crypto-data website Mars Finance. This is the first time the dominant exchange invested in a Chinese company since Beijing banned cryptocurrency trading in 2017. Growing crypto news outlet gets a boost from Binance Crypto exchange giant Binance has been on a roll in the past couple of months. The...
Read More

Company behind CryptoKitties raises $11 million to create new blockchain

DapperLabs, the company that created the popular CryptoKitties Ethereum collectibles game, announced the launch of its new blockchain platform—Flow. The company secured $11 million in funding from Warner, Andreessen Horowitz, and Venrock to create a developer-friendly blockchain. DapperLabs raises $11 million for new blockchain platform aimed at games The creators of one of the most...
Read More

Coinme secures $1.5 from Ripple’s Xpring, XRP listing on 2,600 ATMs soon?

Coinme, the world’s largest Bitcoin ATM network, secured $1.5 million from Ripple’s Xpring fund. The investment could suggest that XRP will soon get listed on Coinme’s network of over 2,600 kiosks. Coinme, through its partnership with Coinstar, hosts the world’s largest Bitcoin ATM network with over 2,600 kiosks across the United States. Today, the startup...
Read More

Blockstack raises $23 million in first SEC-approved token offerings

Blockstack PBC, a decentralized computing network, announced that it has raised $23 million in two of the first token offerings approved by the SEC. SEC-regulated token offering In July, Blockstack made headlines by becoming the first company in history to be qualified by the U.S. Securities and Exchange Commision under Regulation A+ to conduct an...
Read More

CasperLabs raises $14.5 million to build a better Ethereum

CasperLabs, a startup attempting to crack the blockchain scalability problem, raised $14.5 million in a series A round to build a faster, safer, and more efficient proof-of-stake blockchain—a lot like Ethereum. Financing innovation The round was led by Terren Fiezer—a financier who has held senior senior executive positions at Goldman Sachs, First Boston, and Drexel...
Read More

How Coinbase and other crypto companies benefit from M&A transactions

Guest post by Kemp Moyer from BPM LLP Kemp is the senior manager, advisory of BPM LLP. We studied some of cryptocurrency’s largest M&A transactions and discovered a few interesting trends. Here is what those in the crypto world may expect to see as a result of strategic M&A moves in the cryptocurrency space going...
Read More

Blockchain.com plans to raise $50 million to fund crypto startups

Blockchain.com, a London-based firm, is raising $50 million to invest in a range of startups and cryptocurrencies, according to a report by Yahoo Finance. The crypto wallet and data provider is aiming to raise $50 million. The efforts will be directed by a founding partner of Blockchain.com Ventures Sam Harrison. According to Harrison’s LinkedIn profile,...
Read More

Reuters Report: Large Corporations & VCs are Pouring Money into Crypto Startups

Despite the 2018 bear market, large corporations and venture capitalists are still continuing to pour investments into cryptocurrency startups. The established trend for many of these companies is to support startups building important protocols around cryptocurrency and blockchain technology. However, these large corporations seldom have any exposure to virtual currencies themselves with the asset class...
Read More