Crypto Wallet Abra Adds In-App Support for ‘Thousands’ of US Banks

Crypto Wallet Abra Adds In-App Support for ‘Thousands’ of US Banks

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.
Samsung Invests $2.9 Million in Crypto Wallet Manufacturer Ledger

Samsung Invests $2.9 Million in Crypto Wallet Manufacturer Ledger

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.
Final Frontier and Bitfury Launch Regulated Bitcoin Mining Fund

Final Frontier and Bitfury Launch Regulated Bitcoin Mining Fund

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.
Bitfury, Swiss Investment Firm Launch Regulated Bitcoin Mining Fund

Bitfury, Swiss Investment Firm Launch Regulated Bitcoin Mining Fund

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.
Tennis Star Serena Williams Reveals Investment in Coinbase

Tennis Star Serena Williams Reveals Investment in Coinbase

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.
Coinbase Generated $520 Million in Revenue Last Year, Reuters Estimates

Coinbase Generated $520 Million in Revenue Last Year, Reuters Estimates

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.
New $50 Million Venture Fund Eyes Global Blockchain Adoption

New $50 Million Venture Fund Eyes Global Blockchain Adoption

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.
Japan’s Biggest Bank Invests in Crypto Sleuthing Startup Chainalysis

Japan’s Biggest Bank Invests in Crypto Sleuthing Startup Chainalysis

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.
Startup Arca Seeks SEC Approval for US Treasury Bond-Backed Stablecoin

Startup Arca Seeks SEC Approval for US Treasury Bond-Backed Stablecoin

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.
Blockchain Startup Horizen Labs Doubles Target to Raise $4 Million

Blockchain Startup Horizen Labs Doubles Target to Raise $4 Million

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.
Polychain’s Assets Drop $376 Million Since August, SEC Filings Show

Polychain’s Assets Drop $376 Million Since August, SEC Filings Show

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.
New $50 Million Fund Makes First Investment in Blockchain ID Startup

New $50 Million Fund Makes First Investment in Blockchain ID Startup

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 CFA Exam Is Getting a Crypto Section Next Year

The CFA Exam Is Getting a Crypto Section Next Year

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.
Steve Bannon May be Eyeing a Move into the ICO Space

Steve Bannon May be Eyeing a Move into the ICO Space

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.
$65 Million: Blockchain Assets Platform Paxos Raises Series B Funding

$65 Million: Blockchain Assets Platform Paxos Raises Series B Funding

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.
Crypto Valley Association Taps VC Firm Lakestar as Strategic Partner

Crypto Valley Association Taps VC Firm Lakestar as Strategic Partner

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.
Millions Gone? Broker Takes Fire for Bitcoin Cash Freeze

Millions Gone? Broker Takes Fire for Bitcoin Cash Freeze

Editor’s note: The author, a freelance writer in the U.K., has an account at Trading 212 and was in the BCH market on Nov. 12.
Analyst: How Bitcoin Price Could Reach $60,000 in the Mid-Term

Analyst: How Bitcoin Price Could Reach $60,000 in the Mid-Term

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.
Bitcoin Price Gear Towards $19,000, Surges by $1,000 in a Single Day

Bitcoin Price Gear Towards $19,000, Surges by $1,000 in a Single Day

The bitcoin price has increased by more than $1,000 over the past 24 hours and is en route to surpassing the $19,000 mark.

Litecoin Price Surges by 10% Again to $300 as Demand Skyrockets

Over the past 24 hours, the Litecoin price has surged by nearly 10 percent, increasing from below $270 to $300.

Charlie Lee: Japan and South Korea Regulations Good For Bitcoin

On CNBC’s Squawk Box, Litecoin creator and former Coinbase executive Charlie Lee discussed the future of bitcoin, Litecoin, and the cryptocurrency market in the long-term.
Ripple Overtakes Bitcoin Cash to Become the Third Largest Cryptocurrency

Ripple Overtakes Bitcoin Cash to Become the Third Largest Cryptocurrency

Ripple has overtaken Bitcoin Cash to become the third largest cryptocurrency in the market with a $31 billion market cap, after recording a 47 percent increase in value within the past 24 hours.
Venezuela’s Fiat Currency is Declining Rapidly and Bitcoin is Taking Over

Venezuela’s Fiat Currency is Declining Rapidly and Bitcoin is Taking Over

Years of hyperinflation of the Venezuelan bolivar has made the currency nearly unusable.
Leaked: South Korean Government’s Four Bitcoin and Cryptocurrency Regulations

Leaked: South Korean Government’s Four Bitcoin and Cryptocurrency Regulations

Earlier today, as South Korean mainstream media outlet Hankyoreh reported, the South Korean government’s planned regulations around bitcoin and the cryptocurrency market have been leaked.
Ethereum Price Achieves All-Time High at $752, Up 20% in 24 Hours

Ethereum Price Achieves All-Time High at $752, Up 20% in 24 Hours

The Ethereum price has surpassed $752 for the first time in history, recording a staggering 20 percent increase in value over the past 24 hours, led by the US market.