Bitcoin Payment Processor OpenNode Gets $1.25M From Investors

Bitcoin Payment Processor OpenNode Gets $1.25M From Investors

Bitcoin payment processor OpenNode has announced a seed investment round of $1.25 million with venture capitalist Tim Draper and early-stage investment firm Draper Associates. According to a published post on its Medium page, the startup revealed that the funds would be used to grow its team and push for the adoption of bitcoin.
Ohio Technology Funds Announce $100M Support for Blockchain Startups

Ohio Technology Funds Announce $100M Support for Blockchain Startups

Recently, the CEO of Ohio-based nonprofit JumpStart Inc. announced that his company, along with six others, would invest vast sums of money into Ohio’s blockchain startups. As covered in Cleveland-based news organizations, JumpStart Inc.’s CEO Ray Leach initially announced this donation.

Zcash Foundation Responds to Monero Developer’s Tweet

There is never a shortage of controversy in the world of cryptocurrency. Although there are plenty of positive developments happening too, a recent announcement by the Zcash Foundation sparks some debates. In a tweet last Friday, Monero developer Riccardo Spagni calls out the Zcash Foundation for its funding strategy. The Zcash Funding Debacle One has to look at cryptocurrencies from many different angles.
Bitfury Secures $80M in Private Funding Round

Bitfury Secures $80M in Private Funding Round

Cryptocurrency mining firm Bitfury Group has closed a Series C, $80 million funding round led by EU-based Korelya Capital. The round also included crypto merchant bank Galaxy Digital, Lian and Jabre Group, Dentsu Inc., Armat Group and others. Bitfury is a diversified blockchain company known for its expertise in developing high-performance computing technologies, processing capabilities and advanced blockchain-based solutions for companies and governments, including the development of a blockchain-based land registry in Ukraine.
Crypto Platform Coinbase Secures $300 Million in Series E Funding Round

Crypto Platform Coinbase Secures $300 Million in Series E Funding Round

Popular cryptocurrency exchange Coinbase has raised a fresh $300 million in a Series E financing round, bringing the company valuation to $8 billion. Coinbase plans to use the funding to "accelerate the adoption of cryptocurrencies," as it plans to remain the "entry-point into crypto" for millions of investors, according to a published blog post.

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.