Cryptocurrency wallet and investment app Abra now allows users to connect accounts from “thousands” of U.S. banks, the firm announced Thursday.
The expanded bank options come courtesy of an integration with Plaid, a fintech service that enables applications to connect with users’ bank accounts using APIs.
Until now, Abra users in the U.S. and EU have had the option to fund their wallets via a bank transfer. With the new feature, they will have banks connected in-app for funding their purchases.
Telecom giant Samsung has invested 2.6 million euros ($2.9 million) into crypto wallet manufacturer Ledger, the French financial publication Capital reports. The investment gives the France-based startup a nearly $290 million valuation, per the report.
The news came shortly after CoinDesk Korea reported that Samsung is developing a blockchain platform and native digital asset of its own.
Following approval from European authorities, Swiss investment firm Final Frontier is partnering with Bitfury Group to launch a regulated bitcoin mining fund for personal and institutional investors.
Bitfury announced the partnership on April 24, 2019, describing the project and some of the advantages that this mining fund will offer to investors.
Blockchain technology firm Bitfury and Switzerland-based investment firm Final Frontier have jointly launched a regulated bitcoin mining fund.
The fund is targeted at institutional and professional investors to give them “convenient access” to bitcoin mining, Bitfury announced in a blog post Wednesday.
Serena Williams, one of the world’s most successful tennis players of all time, has revealed in an Instagram post that she is an investor in cryptocurrency exchange Coinbase.
Williams took to the social media platform late last week to announce her VC firm Serena Ventures – which was secretly founded in 2014 – and listing some of its investments, including Coinbase and startups in areas such as fitness, clothing, food and women’s health and community.
Cryptocurrency exchange Coinbase brought in almost $520 million in global revenue in 2018, according to an estimate from Reuters.
The news source based the figure on the exchange’s U.K. revenue, which grew 20 percent last year to 153 million euros ($173 million), according to a filing with the U.
A group of investors has launched a new blockchain-focused venture capital fund worth $50 million, aiming to bring the technology to the masses.
The fund, called Proof of Capital, has been founded by three partners: Phil Chen, formerly at Horizons Ventures; Chris McCann, formerly at Greylock Partners; and Edith Yeung, previously an adviser to venture capital firm 500 Startups.
Proof of Capital will invest in early-stage startups that focus on several areas in the blockchain ecosystem, including remittances, custody and wallets, as well as security and identity, according to an announcement Wednesday.
Mitsubishi UFJ Financial Group (MUFG), Japan’s largest bank, has backed an additional $6 million Series B round for cryptocurrency sleuthing startup Chainalysis.
The investment came via the bank’s venture capital unit, MUFG Innovation Partners, Chainalysis said Tuesday. The round also saw participation from Tokyo-based investment firm Sozo Ventures.
The additional funding means Chainalysis’ total for its Series B round now sits at $36 million. It raised $30 million back in February, in an initial round led by venture capital firm Accel Partners.
Arca is seeking regulatory approval to sell a new type of stablecoin to retail investors.
The Los Angeles-based digital asset manager filed a prospectus with the Securities and Exchange Commission (SEC) Friday for a bond fund whose shares would be tokenized on the ethereum blockchain. Arca hopes the SEC will approve the product later this year, a spokesperson said.
Just-launched blockchain technology startup Horizen Labs has raised $4 million in a seed funding round.
Participating in the round were VC firms Digital Currency Group (DCG) and Liberty City Ventures, as well as other independent investors.
The U.S.-based startup had initially been looking to raise $2 million, but ultimately received double its target amount, it said in an announcement Thursday. The firm – an entity spun off of Horizen (formerly ZenCash) – was officially launched yesterday.
A new filing with the U.S. Securities and Exchange Commission (SEC) shows that prominent venture fund Polychain had $591.5 million in assets under management at the end of March.
That’s down considerably since the firm’s August 2018 filing, which showed $967.8 million in assets under management. That’s a loss in value of $376.4 million.
A new $50 million VC fund has been set up by Nasdaq-listed company Okta to invest in early-stage technology startups, including those working with blockchain.
Okta, which provides identity management solutions, announced the Okta Ventures Fund Wednesday, adding that it has made its first investment in blockchain-based identity startup Trusted Key.
The notoriously difficult Chartered Financial Analyst (CFA) Program exams are about to get that much tougher.
Dubbed “the most brutal exam in the world of finance” by Business Insider, the three-part test covering several different areas of finance – all with a heavy focus on ethics – is about to add topics on cryptocurrencies and blockchain as examinable material in August 2019.
Not content with disrupting U.S. politics, Steve Bannon now wants to disrupt the financial system with a move into the crypto space, according to a new interview.
In a Bloomberg article published Thursday, Bannon – who was previously chief strategist for President Donald Trump and executive chairman of Breitbart News – told the news source that he has had meetings with investors and hedge funds about initial coin offerings (ICOs) in relation to his investment firm Bannon & Company.
Blockchain startup Paxos has closed a $65 million Series B funding round led by existing investors including Liberty City Ventures, RRE Ventures and Jay Jordan.
The firm, which rebranded from itBit in 2016, has now raised a total of $93 million to date, according to a release. Paxos said it aims to use the new funds to scale up its operations and expand product offerings across international capital markets.
Switzerland-based blockchain consortium, the Crypto Valley Association (CVA), has added European venture capital firm Lakestar as a strategic partner, the association revealed to CoinDesk this week.
Lakestar has previously dabbled in blockchain, and in 2017 made investments in crypto wallet provider Blockchain and exchange startup ShapeShift.
Tai Lopez, a prominent investor and analyst, has stated that if the world’s millionaires allocate merely 1 percent of their holdings into bitcoin, the bitcoin price could reach $60,000 in the mid-term.
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