Norwegian Bank Invests in Crypto Exchange Founded by Airline Magnate

Norwegian Bank Invests in Crypto Exchange Founded by Airline Magnate

A Norwegian savings bank dating back to the mid-1800s has just invested in a cryptocurrency exchange set up by local business magnate Bjørn Kjos. In a press release posted on the Oslo Stock Exchange, Sparebanken Øst said it had taken a 16.3 percent stake in Norwegian Block Exchange (NBX) for 15 million Norwegian krone (around $1.638 million). NBX was revealed to be in development in April of last year, after being founded by Kjos and his family.
New Zealand’s ASB Bank Takes Stake in Trade Finance Blockchain Startup

New Zealand’s ASB Bank Takes Stake in Trade Finance Blockchain Startup

A New Zealand bank has invested a “significant” amount in a startup working to put trade finance on a blockchain. Announced Tuesday, ABS Bank – an institution owned by the Commonwealth Bank of Australia – said it backed the TradeWindow platform after taking part in a pilot utilizing its tech to carry out a trade between a Korean importer and a New Zealand meat exporter last year.
Investment App Robinhood Wins License to Operate in UK

Investment App Robinhood Wins License to Operate in UK

Robinhood, a stocks, ETFs and crypto investment app, has been given the green light to operate as a broker in the U.K. Allowing the firm to now launch its offerings in the U.K. market, the firm’s subsidiary, Robinhood International, has received a broker’s license from the country’s financial watchdog, the Financial Conduct Authority (FCA), the firm announced on Wednesday.
What the Next 4 Years of Ethereum Look Like

What the Next 4 Years of Ethereum Look Like

Yesterday, ethereum celebrated its fourth birthday. Four years ago, on July 30, 2015, the world’s first general-purpose blockchain platform went live. Called ethereum, the platform was the first of its kind to feature a Turing-complete virtual machine and native programming language able to deploy code of any algorithmic complexity. “Before ethereum, developers had to design and write extremely complex software,” Mariano Conti, the MakerDAO Foundation’s head of smart contracts, told CoinDesk.
Multicoin, Binance, Coinbase Invest in Startup Keeping Private Keys Secure

Multicoin, Binance, Coinbase Invest in Startup Keeping Private Keys Secure

Blockchain startup Torus has an impressive cap table. The private-key management firm recently closed a $2 million seed round led by Multicoin Capital. The fundraise also saw participation from notable investors like Coinbase Ventures, Sixth Horizon, Accomplice and Terminal. Binance Labs invested $500,000 in the round. Torus, says Multcoin’s Kyle Samani, is solving “one of the most critical problems slowing the adoption of web3.
Billionaire Investor Henry Kravis Makes First Crypto Investment

Billionaire Investor Henry Kravis Makes First Crypto Investment

Billionaire investor and philanthropist Henry Kravis is dipping his toe into the world of crypto assets. According to a piece by Bloomberg on Friday, Kravis – who is co-founder of global investment firm KKR & Co. – is said to have invested in a cryptocurrency fund offered by ParaFi Capital. The news comes via ParaFi founder and CIO Ben Forman, a former KKR employee who left to form the San Francisco-based digital asset startup.
Tim Draper Is Bullish On Argentina’s Blockchain Tech Potential

Tim Draper Is Bullish On Argentina’s Blockchain Tech Potential

In a talk at the Bitcoin2019 conference, Draper revealed his perspective on the implications of his bet with Argentina’s current president which he made this year as reported by national media. He made the bet during a visit to Argentina, where he met with the Argentinian leader and talked about the benefits of cryptocurrency, encouraging him to legalize Bitcoin.
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.