Tribe Accelerator, that is a blockchain accelerator backed by the Singaporean government, has raised 25 million Singaporean dollars which is roughly about $16 million for startups that are presented on its platform. Sources indicate that the accelerator revealed this in a press release yesterday and that about $28 million in total has been raised so far for startups that employ blockchain technology to revolve issues that the world currently faces. The accelerator further revealed that the...
Read More »Binance Acquires Decentralized Blockchain Startup DappReview for Undisclosed Amount
“By working with Binance X [the company’s developer network] and Launchpad, DappReview will bring in more talented Dapp developers and assist promising Dapp projects on fund-raising. A lot more exciting synergies with Trust Wallet, Binance Research, etc. DappReview will partner with the public chains and protocols in the Dapp space through Binance’s ecosystem.”Niu further added that by Q1 2020, DappReview is planning to release a new set of analytical tools and products. Besides, this...
Read More »SoftBank Unleashes SBC Wallet Cards Featuring Built-In Blockchain Wallet
The current roller-coaster that has hit the crypto space does not seem to prevent new investments in the industry. In that connection, Tokyo-based telecommunications conglomerate SoftBank has introduced a new bank card. The firm says that it can be used either as a traditional debit card or blockchain wallet.According to a December 1 press release, SoftBank has come up with a debit card that has a built-in blockchain wallet functions. This milestone development was made in partnership with...
Read More »Waves DEX Foregoes Total Decentralization and Is Migrating to a Hybrid Model
In what seems like migration for the future, sources have indicated that Waves, a popular decentralized cryptocurrency exchange, has shut down its operations on its decentralized platform and is migrating to a new hybrid-based system that is intended to combine the best of both worlds. The exchange indicated this yesterday in a press release stating that it is shutting down operations on the old website and is shifting to the new Waves.Exchange site where the development of its hybrid model...
Read More »Ethereum Member Virgil Griffith Released from Jail Pending Trial
Ethereum developer and a research scientist Virgil Griffith, who was last week arrested in Los Angeles, will be released from jail until trial. It was told by Brian Klein who acts as his defense lawyer.Just for reminder, Ethereum Foundation staffer Griffith has been arrested for reportedly going to a blockchain conference in North Korea where he wanted to share his knowledge of using cryptocurrency. However, such a move is said to violate the U.S. sanctions law.John Demers, an assistant...
Read More »Former SoFi CEO Mike Cagney’s Figure Technologies Raising Additional $100 Million
Mike Cagney, famous for being the founder and CEO (since 2017 ex-CEO) of SoFi fintech company, is reportedly aiming to raise funds money via another firm. Cagney co-founded a two-year-old San Francisco-based fintech firm known as Figure Technologies.By February 2019, Figure had already managed to raise $120 million in equity funding. The amount was brought to the project by a group of prominent investors including partners at DST Global, RPM Ventures, Morgan Creek, Ribbit Capital, Nimble...
Read More »Bakkt Bitcoin Monthly Futures Trade Set a New Weekly Volume Record of $124 Million
Bakkt is easily one of the most interesting platforms in the crypto market. Operated by the Atlanta-based Intercontinental Exchange (ICE), the platform is designed to push Bitcoin much deeper into mainstream adoption, by offering physically settled Bitcoin futures contracts. Bakkt initially had a very disappointing start, making many believe it wouldn’t amount to much. However, the platform has surprised many, including the naysayers, and has seen impressive and steady growth, as it...
Read More »Have a Look at the Most Valuable Companies in Crypto Space
Many things have been said about the champions who have been at the forefront of making things happen in the crypto space but not much has been known about them. The list below and the descriptions indicate the biggest companies in the industry not only by valuation and capitalization but also by goodwill and corporate presence both online and offline as well. They shall be listed in no particular order of preference. Ripple (Valuation of about $5 Billion)Many people have heard one way or the...
Read More »Binance to Launch Its Troy IEO Tomorrow and Announces New Internal Transfer Feature
As CoinSpeaker has already reported, the Binance Launchpad Platform is all set to facilitate an Initial Exchange Offering (IEO) for a new crypto project dubbed Troy (TROY) tomorrow, December 3. Over the last month starting November 3, Binance has been recording users’ BNB balances.The final BNB balance will be the average of BNB tokens held over the last month. Based on the final BNB balance, Binance will decide the number of tickets a user can get for the TROY IEO.Furthermore, the...
Read More »Crypto Exchange Huobi Joins China’s State-Backed Blockchain Alliance
On Sunday, December 1, crypto exchange Huobi along with other Chinese telecom players joined the country’s state-backed popular blockchain consortium Blockchain Services Network (BSN). Huobi has joined as one of the first members of BSN which is an industry alliance initiated by the State Information Center (SIC).The BSN was just launched in the last month of October by the SIC with an aim to boost the blockchain sector growth and further encourage the development of smart cities in the...
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