Exit Scam? Ethereum-based Confido Vanishes after Raising $374,000 ICO

Ethereum-based startup Confido, a little-known project that recently raised $374,000 in an ICO from investors in exchange for CFD tokens, has seemingly vanished from the internet, as all its social media profiles and website have been taken down. Investors are now looking into the situation, which points to a potential exit scam. Confido pitched itself as a blockchain-based app that allowed for smart contracts that acted as an escrow between buyers and sellers during transactions.
EU Government Pegs Blockchain as Beneficiary of €30 Billion Research Fund

EU Government Pegs Blockchain as Beneficiary of €30 Billion Research Fund

The European Commission has announced €30 billion on new investments in technology initiatives including those involving blockchain. The funding would come through the Horizon 2020 initiative, which to date has been supported by €77 billion in public funding. The goal is to support new investments in the areas of "migration, security, climate, clean energy and digital economy", as well as "breakthrough, market-creating breakthrough[s]," according to a statement from Oct.
Blockchain Journalism Platform Civil Receives $5 Million in Funding

Blockchain Journalism Platform Civil Receives $5 Million in Funding

Decentralized journalism marketplace Civil has announced $5 million in funding from blockchain development firm ConsenSys. The in-development blockchain-based news platform said in a blog post that it plans to set aside half the funds as capital, while the remaining half will go towards building out its services.
Foxconn Backs $16 Million Series B for Bitcoin Startup Abra

Foxconn Backs $16 Million Series B for Bitcoin Startup Abra

Bitcoin startup Abra has completed a $16 million Series B led by manufacturing giant Foxconn. Announced today at the Money2020 conference in Las Vegas, the new capital brings Abra's total funding to more than $30 million. Other participants in the round include new investors Silver8 Capital and Ignia, as well as previous Abra backers Arbor Ventures, American Express, Jungle Ventures, Lehrer Hippeau and RRE.
Foxconn Backs $16 Million Series B for Bitcoin Startup Abra

Foxconn Backs $16 Million Series B for Bitcoin Startup Abra

Bitcoin startup Abra has completed a $16 million Series B led by manufacturing giant Foxconn. Announced today at the Money2020 conference in Las Vegas, the new capital brings Abra's total funding to more than $30 million. Other participants in the round include new investors Silver8 Capital and Ignia, as well as previous Abra backers Arbor Ventures, American Express, Jungle Ventures, Lehrer Hippeau and RRE.
Blockchain KYC Startup Raises $1.6 Million in Seed Funding

Blockchain KYC Startup Raises $1.6 Million in Seed Funding

A blockchain startup focused on know-your-customer (KYC) solutions has raised $1.6 million in a new seed funding round. Norbloc's round was led by Marathon Venture Capital, a VC firm based in Greece that launched in March. Other participants in the round include Digital Currency Group, Inbox Capital, Back in Black, as well as the founding team of classifieds website Avito, the startup announced today.

Vaultoro Continues on Its VC Funding Road to Future Growth With Finlab AG

Vaultoro, a bitcoin-to-gold exchange, has secured funding from Finlab AG, a fintech company based in Frankfurt, Germany. Vaultoro co-founder Joshua Scigala stated that the funding from Finlab will allow them to reach their goals faster. The first upgrade the company plans to implement will be a real-time gold-backed debit card. The card will allow the customers of the firm to hold their allocated gold — stored in a high-security Swiss bullion vault — while they can easily spend the funds anywhere Visa or Mastercard is accepted.