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Bakkt Raises USD 300M from Microsoft's M12 and PayU Among Others
16.3.2020
Bakkt, a physically-settled Bitcoin futures trading platform, has completed a multi-million-dollar fundraising round, bringing the total raised capital to USD 482.5 million.
Bakkt has closed a Series B fundraising round, raising USD 300 million, with participation from investors, including some...
Bitcoin News Roundup for March 16, 2020
16.3.2020
It's the first lockdown week in the United States and the markets are going wild. Here's what happened in crypto
China to Foster Another Blockchain Hub, Alibaba Joins the Initiative
16.3.2020
The Golden Cow in a Buddhist Temple, in Kunming, the capital and the largest city of Yunnan province. The Southwestern Chinese province of Yunnan has opened a new blockchain center that will allow companies to run a food traceability platform that will also fight the sale of fake products, with...
Crypto Market Sentiment is the Lowest It's Been in 6 Months
16.3.2020
Source: iStock/da-kuk
It wouldn't be logical to expect the market sentiment to have gone up given the week crypto market has had. Per crypto market sentiment analysis service Omenics, following the market crash on February 13, the combined moving average 7-day market sentiment measure, sentscore...
Ripple Lead Developer Advises on Remote Work Amid Coronavirus Pandemic
16.3.2020
As the coronavirus pandemic makes remote work a necessity, a leading software engineer at a Ripple team offers advice
BitMEX Takes a Hit — Community Cries ‘Foul Play’ Following Market Crash
16.3.2020
Despite BitMEX claiming that its recent outage was caused by an aggressive DDoS attack, some think there is more to the story
Baidu Employee Jailed for Mining Crypto on 200 Company Servers
16.3.2020
The search engine developer downloaded monero mining scripts onto 200 of Baidu's servers
Bakkt Closes New $300M Funding Round to Unlock $1 Trillion in Digital Assets
16.3.2020
Bakkt has now totally raised over $480 million after closing a new $300 million financing round on March 13
Is the South Korean Government Teaching Children How to Use Crypto?
16.3.2020
Source: iStock/recep-bg
A revamped learning resource platform aimed at boosting entrepreneurship in elementary and middle school pupils teaches children how to raise digital tokens in online crowdfunding incentives.
Per Yonhap, the platform, which went live on March 16, aims to nurture “young...
Toyota and Securitize Say They Have Developed a Blockchain ID Platform
16.3.2020
Automaker Toyota appears keen to expand the scope of its blockchain operations – with a new personal ID and vehicle ID platform now fully tested and potentially ready for rollout.
In April last year, the Toyota Group, which also comprises financial services and R&D ventures, launched...
Shell Subsidiary Builds DLT-Based Virtual Power Plant in Germany
16.3.2020
Sonnen Group, a subsidiary of Royal Dutch Shell, will use blockchain technology to create a virtual power plant to store excess wind power in Germany
Bakkt Raises $300M Series B From Microsoft, Pantera
16.3.2020
Bakkt raised $300 million from its parent firm ICE, as well as Microsoft's M12, Pantera and a number of other funds
While the Crypto Market Was Hemorrhaging Value, These Tokens Mooned
16.3.2020
Why do certain altcoins moon? It’s a question that all crypto holders have pondered at some stage while enviously eyeing the ascent of a token that wasn’t even on their radar, let alone their portfolio. If the performance of obscure tokens in a bull market is discombobulating, how...
Nouriel Roubini's ‘Toilet Paper Commodification’ Plan Has a Crypto Bent
16.3.2020
Nouriel Roubini. Source: a video screenshot, Bloomberg
New York University economics professor and arch crypto-skeptic Nouriel Roubini has hatched an ingenious solution to the financial crisis brought about by the coronavirus pandemic – and it involves commodifying toilet paper.
In...
Exclusive: Blockchain-Based Social Network Overhauls Platform, Partners With Matic
16.3.2020
An Ethereum-based social media outfit releases a platform overhaul and announces a partnership with Matic Network
Fed Fails to Calm Markets; Bitcoin, Gold Slide Alongside Stocks
16.3.2020
The number one digital asset, bitcoin (BTC), once again saw heavy selling on Monday, after news came out on Sunday that the U.S. Federal Reserve (Fed) is taking emergency measures to mitigate the financial devastation that is currently going on around the world.
As announced by the Fed on Sunday...
Vertalo to Tokenize 22 Securities Worth $200M on Tezos Blockchain
16.3.2020
Transfer agent Vertalo will tokenize 22 different private securities on Tezos after a new partnership with DealBox
Russia’s Central Bank Seeks to Ban Crypto Issuance and Circulation
16.3.2020
Russia’s crypto bill will ban crypto issuance and circulation, a legal exec at the country’s central bank says
Bitfinex Onboards Fulgur Alpha, USD 280M Crypto Hedge Fund
16.3.2020
In an attempt to increase liquidity for institutional crypto investors, major crypto exchange Bitfinex, a sister company of stablecoin issuer Tether (USDT), has announced that it has onboarded a multi-million-dollar crypto hedge fund called Fulgur Alpha.
The exchange says in the press release that...
Stablecoins Gain Market Share Amid Crypto Bloodbath
16.3.2020
While most cryptocurrencies have lost half of their capitalization in one month, many stablecoins have seen recent growth in market share